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.

Equity Bottom-Up

<ul><li>Coca-Cola provided overall positive results despite the ongoing global challenges they faced.</li><li>James Quincey, Chairman and CEO, specifically highlighted their "all-weather strategy," which allowed them to attain 8% comparable earnings per share growth, despite notable headwinds from a 7% currency impact.</li><li>He attributed the year's success to the company's strategy and improved capabilities, making Coca-Cola a more agile and efficient global organization.</li></ul>

Coca-Cola provided overall positive results despite the ongoing global challenges they faced.James Quincey, Chairman and CEO, specifically highlighted their "all-weather strategy," which allowed them to attain 8% comparable earnings per share growth, despite notable headwinds from a 7% currency impact.He attributed the year's success to the company's strategy and improved capabilities, making Coca-Cola a more agile and efficient global organization.

The Coca-Cola Company: What Is The Impact Of Changing North American Market Dynamics? - Major Drivers

Fundamental Principles of the Stock Market, From 0 to 1 in the Stock Market

From 0 to 1 in the Stock Market

Fundamental Principles of the Stock Market

Fundamental principles of the stock market, earnings reviews and research. My name is Giuliano Mana, I’m 23 years old. I have a B.A Degree in Finance and I’m a Master’s candidate at Brandeis IBS. I’ve been thoroughly going over huge amounts of reading material regarding the stock market and hope to transmit some insights here.

<ul>
<li>The last twelve months were, market-wise, interesting. Multiple things have happened that contributed to changes in my thinking-process.</li>
<li>Refining thoughts and the mental mechanism I utilize to approach portfolio management should lead to success, or at least that is my hypothesis.</li>
<li>Continuous learning allows for building more solid premises. Given time, compound interest sharpens them to the point where chances of error are minimum.</li>
</ul>


The last twelve months were, market-wise, interesting. Multiple things have happened that contributed to changes in my thinking-process.
Refining thoughts and the mental mechanism I utilize to approach portfolio management should lead to success, or at least that is my hypothesis.
Continuous learning allows for building more solid premises. Given time, compound interest sharpens them to the point where chances of error are minimum.


HK/China Equity Long-Short

Osbert Tang, CFA

<ul>
<li>
<a href="https://www.smartkarma.com/entities/cpmc-holdings-ltd" target="_blank" data-smartkarma-citation="entities:10427:1" rel="noopener">CPMC Holdings (906 HK)</a> is currently suspended from trading. We think the announcement is likely to involve China Baowu Steel acquiring all stakes from its largest shareholder COFCO.</li>
<li>There are benefits to be realised as Baowu also owns a packaging A-share <a href="https://www.smartkarma.com/entities/shanghai-baosteel-packaging-a" target="_blank" data-smartkarma-citation="entities:25102:1" rel="noopener">Shanghai Baosteel Packaging-A (601968 CH)</a>. CPMC's 1H23 result is very solid with good margin expansion.  </li>
<li>Despite a 61.5% rally YTD, CPMC does not look expensive at 10.9x and 9.9x PERs for FY23 and FY24. These are levels at discounts to peers which are mostly A-shares.</li>
</ul>



CPMC Holdings (906 HK) is currently suspended from trading. We think the announcement is likely to involve China Baowu Steel acquiring all stakes from its largest shareholder COFCO.
There are benefits to be realised as Baowu also owns a packaging A-share Shanghai Baosteel Packaging-A (601968 CH). CPMC's 1H23 result is very solid with good margin expansion.  
Despite a 61.5% rally YTD, CPMC does not look expensive at 10.9x and 9.9x PERs for FY23 and FY24. These are levels at discounts to peers which are mostly A-shares.


<ul><li>The Coca-Cola Company managed to surpass the revenue and earnings expectations of Wall Street.</li><li>The company had strong organic revenue growth, improved operating margins, and earnings per share growth.</li><li>With 11% organic revenue growth driven by higher volume, pricing actions, and carryover pricing, Coca-Cola maintained its industry's vibrancy.</li></ul>

The Coca-Cola Company managed to surpass the revenue and earnings expectations of Wall Street.The company had strong organic revenue growth, improved operating margins, and earnings per share growth.With 11% organic revenue growth driven by higher volume, pricing actions, and carryover pricing, Coca-Cola maintained its industry's vibrancy.

The Coca-Cola Company: From North America to Asia – Dominating Every Sip! - Major Drivers

Managing Partner, VRS (Valuation & Research Specialists)

VRS (Valuation & Research Specialists)

Managing Partner

Valuation & Research Specialists (VRS) is a boutique financial advisor with more than 17 years of experience in Corporate Valuation and Finance, and a diversified client base including some of the largest Companies in Greece.

Since 2002, VRS has completed more than 200 engagements in the areas of business valuation and financial analysis for more than 100 clients in a wide range of industries.

VRS has been honored to work with small and large private and publicly traded companies in Europe and overseas.

Boutique Financial Advisor

<div><div><div><div><ul><li>The Coca-Cola Co. is a multinational beverage corporation focused on the production, marketing, and distribution of specialty soft drinks across approximately 200 markets.</li><li>With a vast network of over 35,000 Company-operated and licensed stores, it operates through three primary segments: North America, encompassing the United States and Canada; International, spanning regions like China, Japan, Asia Pacific, Europe, Middle East, Africa, Latin America, and the Caribbean; and Channel Development.</li><li>Both the North America and International segments include a mix of Company-operated and licensed outlets. </li></ul></div></div></div></div>

The Coca-Cola Co. is a multinational beverage corporation focused on the production, marketing, and distribution of specialty soft drinks across approximately 200 markets.With a vast network of over 35,000 Company-operated and licensed stores, it operates through three primary segments: North America, encompassing the United States and Canada; International, spanning regions like China, Japan, Asia Pacific, Europe, Middle East, Africa, Latin America, and the Caribbean; and Channel Development.Both the North America and International segments include a mix of Company-operated and licensed outlets. 

Technical Analysis On The Coca Cola Co. - July 28, 2023

United States

The Coca-Cola Company manufactures, markets, and distributes soft drink concentrates and syrups.  The Company also distributes and markets juice and juice-drink products.  Coca-Cola distributes its products to retailers and wholesalers in the United States and internationally.

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Coca Cola Co (KO US)

The Coca-Cola Company: What Is The Impact Of Changing North American Market Dynamics? - Major Drivers

Coca-Cola provided overall positive results despite the ongoing global challenges they faced. James Quincey, Chairman and CEO, specifically...

Baptista Research

2023 Shareholder Letter

The last twelve months were, market-wise, interesting. Multiple things have happened that contributed to changes in my thinking-process.

From 0 to 1 in the Stock Market

CPMC Holdings (906 HK): What's Brewing?

CPMC is likely to be acquired by China Baowu Steel, and it will benefit from synergy with A-share Shanghai Baosteel Packaging. CPMC 1H23 results...

Osbert Tang, CFA

The Coca-Cola Company: From North America to Asia – Dominating Every Sip! - Major Drivers

The Coca-Cola Company managed to surpass the revenue and earnings expectations of Wall Street. The company had strong organic revenue growth,...

Baptista Research

Technical Analysis On The Coca Cola Co. - July 28, 2023

The Coca-Cola Co. is a multinational beverage corporation focused on the production, marketing, and distribution of specialty soft drinks across...

VRS (Valuation & Research Specialists)

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

The Coca-Cola Company: What Is The Impact Of Changing North American Market Dynamics? - Major Drivers

Coca-Cola provided overall positive results despite the ongoing global challenges they faced. James Quincey, Chairman and CEO, specifically...

Baptista Research

2023 Shareholder Letter

The last twelve months were, market-wise, interesting. Multiple things have happened that contributed to changes in my thinking-process.

From 0 to 1 in the Stock Market

CPMC Holdings (906 HK): What's Brewing?

​CPMC is likely to be acquired by China Baowu Steel, and it will benefit from synergy with A-share Shanghai Baosteel Packaging. CPMC 1H23 results...

Osbert Tang, CFA

The Coca-Cola Company: From North America to Asia – Dominating Every Sip! - Major Drivers

The Coca-Cola Company managed to surpass the revenue and earnings expectations of Wall Street. The company had strong organic revenue growth,...

Baptista Research

Technical Analysis On The Coca Cola Co. - July 28, 2023

The Coca-Cola Co. is a multinational beverage corporation focused on the production, marketing, and distribution of specialty soft drinks across...

VRS (Valuation & Research Specialists)

CPMC is likely to be acquired by China Baowu Steel, and it will benefit from synergy with A-share Shanghai Baosteel Packaging. CPMC 1H23 results...