Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Equity Bottom-Up

Smoore International Holdings / Equity Bottom-Up

<ul>
<li>China's National Team was steadily buying ETF's during and after the Third Plenum.  Southbound Connect Flows continue to be positive during July.</li>
<li>
<a href="https://www.smartkarma.com/entities/smoore-international-holdings" target="_blank" data-smartkarma-citation="entities:28241:1" rel="noopener">Smoore International Holdings (6969 HK)</a> , <a href="https://www.smartkarma.com/entities/xinjiang-goldwind-science-technology-h" target="_blank" data-smartkarma-citation="entities:10112:1" rel="noopener">Xinjiang Goldwind Science &amp; Technology (2208 HK)</a> and <a href="https://www.smartkarma.com/entities/hisense-home-appliances-group-co-ltd-h" target="_blank" data-smartkarma-citation="entities:20107:1" rel="noopener">Hisense Home Appliances Group Co., Ltd. H (921 HK)</a>  benefited from positive news sentiment this week.</li>
<li>
<a href="https://www.smartkarma.com/entities/chow-tai-fook-jewellery-group" target="_blank" data-smartkarma-citation="entities:549:1" rel="noopener">Chow Tai Fook Jewellery (1929 HK)</a> and <a href="https://www.smartkarma.com/entities/asm-pacific-technology-ltd" target="_blank" data-smartkarma-citation="entities:15061:1" rel="noopener">ASM Pacific Technology (522 HK)</a> suffered on negative news, while <a href="https://www.smartkarma.com/entities/meituan" target="_blank" data-smartkarma-citation="entities:26970:1" rel="noopener">Meituan (3690 HK)</a> continued its pullback in concert with the retail food sector.</li>
</ul>


China's National Team was steadily buying ETF's during and after the Third Plenum.  Southbound Connect Flows continue to be positive during July.

Smoore International Holdings (6969 HK) , Xinjiang Goldwind Science &amp; Technology (2208 HK) and Hisense Home Appliances Group Co., Ltd. H (921 HK)  benefited from positive news sentiment this week.

Chow Tai Fook Jewellery (1929 HK) and ASM Pacific Technology (522 HK) suffered on negative news, while Meituan (3690 HK) continued its pullback in concert with the retail food sector.


The Heat Is On: News Flow and Sentiment in CHINA / HONG KONG (July 26)

Podcast by Dom Cooke to explore big businesses, Business Breakdowns

Business Breakdowns

Podcast by Dom Cooke to explore big businesses

Learn how companies work from the people who know them best. We do deep research and interview industry veterans, investment professionals, and corporate executives to explain the inner workings of public stocks and private businesses. For each company, we break down their history, business model, financial statements, secret sauce, and bull/bear case. We believe every business has lessons to teach us and Breakdowns is here to highlight them. Learn more and stay up to date at www.joincolossus.com.

British American Tobacco  / Equity Bottom-Up

<ul><li>Business Breakdowns podcast covers British American Tobacco with guest Evan Tindall</li><li>British American Tobacco primarily sells tobacco, with significant presence in the US, Europe, and Asia</li><li>Company's profits are more weighted towards the US market</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Business Breakdowns podcast covers British American Tobacco with guest Evan TindallBritish American Tobacco primarily sells tobacco, with significant presence in the US, Europe, and AsiaCompany's profits are more weighted towards the US marketThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

British American Tobacco: Clearing the Air - [Business Breakdowns, EP.162]

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>The British American Tobacco (BAT) 2023 preliminary results show solid financial performance conforming to the guidance despite prevailing headwinds.</li><li>BAT's global footprint continues to offer resilient results through steady performance in Africa, the Middle East, Asia Pacific Middle East, and Africa, even as it counters performance in the U.S. The company marked a 3.1% increase in both revenue and profit from operations, with diluted EPS surging by 5.2%.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

The British American Tobacco (BAT) 2023 preliminary results show solid financial performance conforming to the guidance despite prevailing headwinds.BAT's global footprint continues to offer resilient results through steady performance in Africa, the Middle East, Asia Pacific Middle East, and Africa, even as it counters performance in the U.S. The company marked a 3.1% increase in both revenue and profit from operations, with diluted EPS surging by 5.2%.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

British American Tobacco: Innovation in Heated Tobacco & Expansion Of The GLO Range Could Propel Them Forward! - Major Drivers

<ul><li>During the last quarter, BAT showed a decent performance with growing revenue, profit, and earnings per share.</li><li>The focus on New Categories has been successful, with revenue from non-combustibles increasing significantly.</li><li>By prioritizing sharper execution and responsible New Category development, BAT aims to navigate regulatory challenges.</li></ul>

During the last quarter, BAT showed a decent performance with growing revenue, profit, and earnings per share.The focus on New Categories has been successful, with revenue from non-combustibles increasing significantly.By prioritizing sharper execution and responsible New Category development, BAT aims to navigate regulatory challenges.

British American Tobacco PLC ADR: Major Drivers

<ul><li>British American Tobacco delivered decent financial results and successfully navigated a progressively challenging macro environment.</li><li>In New Categories, the company delivered strong revenue growth driven by Geo expansion, innovation, and share growth.</li><li>British American Tobacco launched the first connected Vapour device of the Group, Vuse ePod2 plus, that drives increased pod consumption.</li></ul>

British American Tobacco delivered decent financial results and successfully navigated a progressively challenging macro environment.In New Categories, the company delivered strong revenue growth driven by Geo expansion, innovation, and share growth.British American Tobacco launched the first connected Vapour device of the Group, Vuse ePod2 plus, that drives increased pod consumption.

British American Tobacco: New Category Growth

United Kingdom

British American Tobacco P.L.C. operates as a holding company for a group of companies that manufactures, markets, and sells cigarettes and other tobacco products including cigars and roll-your-own tobacco.

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British American Tobacco (BTI US)

The Heat Is On: News Flow and Sentiment in CHINA / HONG KONG (July 26)

China's National Team continued buying in the ETF market. Smoore International, Xinjiang Goldwind and Hisense had positive news sentiment, while...

David Mudd

British American Tobacco: Clearing the Air - [Business Breakdowns, EP.162]

Business Breakdowns podcast covers British American Tobacco with guest Evan Tindall. British American Tobacco primarily sells tobacco, with...

Business Breakdowns

British American Tobacco: Innovation in Heated Tobacco & Expansion Of The GLO Range Could Propel Them Forward! - Major Drivers

The British American Tobacco (BAT) 2023 preliminary results show solid financial performance conforming to the guidance despite prevailing...

Baptista Research

British American Tobacco PLC ADR: Major Drivers

During the last quarter, BAT showed a decent performance with growing revenue, profit, and earnings per share. The focus on New Categories has...

Baptista Research

British American Tobacco: New Category Growth

British American Tobacco delivered decent financial results and successfully navigated a progressively challenging macro environment. In New...

Baptista Research

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Market Cap (USDm)

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