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.

Equity Bottom-Up

<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.


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 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

<ul><li>Coca-Cola delivered an all-around beat in the most recent quarter results.</li><li>Despite geopolitical tensions and the elevation in global inflation, Coca-Cola delivered 11% organic revenue growth.</li><li>Plant-based beverages, value-added dairy, and juice have delivered double-digit top-line growth and also gained both volume share and volume.</li></ul>

Coca-Cola delivered an all-around beat in the most recent quarter results.Despite geopolitical tensions and the elevation in global inflation, Coca-Cola delivered 11% organic revenue growth.Plant-based beverages, value-added dairy, and juice have delivered double-digit top-line growth and also gained both volume share and volume.

Coca-Cola Company: Are They Winning The Gen Z Market? – Key Drivers

<ul><li>Despite pandemic-related restrictions and business suspensions in some regions, Coca-Cola managed an all-around beat in the latest result.</li><li>Coca-Cola's new marketing model uses linked occasions and passion points to drive engagement and create deeper connections with consumers uniquely and innovatively.</li><li>Coca-Cola is leveraging passion points locally to drive consumption and create immersive experiences.</li></ul>

Despite pandemic-related restrictions and business suspensions in some regions, Coca-Cola managed an all-around beat in the latest result.Coca-Cola's new marketing model uses linked occasions and passion points to drive engagement and create deeper connections with consumers uniquely and innovatively.Coca-Cola is leveraging passion points locally to drive consumption and create immersive experiences.

Coca-Cola Co: Is Buffett’s Favorite Stock Worth Considering At Current Levels? – Key Drivers

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)

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

Coca-Cola Company: Are They Winning The Gen Z Market? – Key Drivers

Coca-Cola delivered an all-around beat in the most recent quarter results. Despite geopolitical tensions and the elevation in global inflation,...

Baptista Research

Coca-Cola Co: Is Buffett’s Favorite Stock Worth Considering At Current Levels? – Key Drivers

Despite pandemic-related restrictions and business suspensions in some regions, Coca-Cola managed an all-around beat in the latest...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

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

Coca-Cola Company: Are They Winning The Gen Z Market? – Key Drivers

Coca-Cola delivered an all-around beat in the most recent quarter results. Despite geopolitical tensions and the elevation in global inflation,...

Baptista Research

Coca-Cola Co: Is Buffett’s Favorite Stock Worth Considering At Current Levels? – Key Drivers

Despite pandemic-related restrictions and business suspensions in some regions, Coca-Cola managed an all-around beat in the latest...

Baptista Research

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...