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>Crane Company recently released its second quarter 2024 earnings report, highlighting strong financial performance, strategic growth initiatives, and disciplined capital management.</li>
<li>The company's adjusted EPS of $1.30 exceeded expectations, driven by a solid 9% core sales growth, with significant contributions from its Aerospace &amp; Electronics and Process Flow Technologies segments.</li>
<li>The company's confident outlook led to an upward revision of its full-year guidance by $0.15, setting a new range of $4.95 to $5.15, representing an 18% growth at the midpoint.</li>
</ul>


Crane Company recently released its second quarter 2024 earnings report, highlighting strong financial performance, strategic growth initiatives, and disciplined capital management.
The company's adjusted EPS of $1.30 exceeded expectations, driven by a solid 9% core sales growth, with significant contributions from its Aerospace &amp; Electronics and Process Flow Technologies segments.
The company's confident outlook led to an upward revision of its full-year guidance by $0.15, setting a new range of $4.95 to $5.15, representing an 18% growth at the midpoint.


Crane Company - What Is Its Core Business Strategy? - Major Drivers

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

John Shearer (Holdings) / Equity Bottom-Up

<ul><li>The SET Index is expected to move sideways up, with the resistance at 1,651/1,660 points and the support at 1,640/1,630 points.</li><li>Tactically, investors are suggested to do trading buy on weakness in the short term on reopening plays, such as health care, tourism and department store stocks, as they should benefit from China's reopening and the TAT's upward revision to the 2023E tourist arrival target.</li><li>The TAT raised the target for 2023E tourist arrivals to 25mn after China announced a sooner-than-expected relaxation of its COVID-19 containment measures.</li></ul>

The SET Index is expected to move sideways up, with the resistance at 1,651/1,660 points and the support at 1,640/1,630 points.Tactically, investors are suggested to do trading buy on weakness in the short term on reopening plays, such as health care, tourism and department store stocks, as they should benefit from China's reopening and the TAT's upward revision to the 2023E tourist arrival target.The TAT raised the target for 2023E tourist arrivals to 25mn after China announced a sooner-than-expected relaxation of its COVID-19 containment measures.

Krungthai XSpring Zoom Eng. December 29, 2022

<ul><li>The SET Index is expected to move sideways down, with the resistance at 1,630/1,635 points and the support at 1,611/1,600 points.</li><li>Today's momentum is slightly negative due to the increase in the number of COVID-19 cases in Thailand and many countries around the world, raising concern about the return of strict containment measures.</li><li>The key issues this week include the MPC meeting on November 30, in which it is expected to raise interest rates by 0.25% to 1.25% (positive to banking stocks), and the Motor Expo 2022 from December 1-12 (positive to hire purchase and automotive and parts operators).</li></ul>

The SET Index is expected to move sideways down, with the resistance at 1,630/1,635 points and the support at 1,611/1,600 points.Today's momentum is slightly negative due to the increase in the number of COVID-19 cases in Thailand and many countries around the world, raising concern about the return of strict containment measures.The key issues this week include the MPC meeting on November 30, in which it is expected to raise interest rates by 0.25% to 1.25% (positive to banking stocks), and the Motor Expo 2022 from December 1-12 (positive to hire purchase and automotive and parts operators).

<ul><li>The SET Index is expected to move sideways up, with the resistance at 1,580/1,592 points and the support at 1,570/1,560 points.</li><li>We recommend trading buy on WHA, SPRC and SPA.</li><li>Positive momentum should be derived from JOLTS job openings in August coming in at 10.05mn positions, down from July at 11.17mn positions and below the expectation of 10.76mn positions, lessening the market's concern about Fed rate hikes.</li></ul>

The SET Index is expected to move sideways up, with the resistance at 1,580/1,592 points and the support at 1,570/1,560 points.We recommend trading buy on WHA, SPRC and SPA.Positive momentum should be derived from JOLTS job openings in August coming in at 10.05mn positions, down from July at 11.17mn positions and below the expectation of 10.76mn positions, lessening the market's concern about Fed rate hikes.

Blue Sky Alternative Investments / Equity Bottom-Up

Blue Sky Alternative Investments (BLA AU)

<ul><li>The SET Index is expected to move sideways down, with the resistance at 1,595/1,606 points and the support at 1,580/1,576 points.</li><li>We recommend trading buy on SAPPE, M and TRUE.</li><li>Negative momentum may be generated by the instability in global financial markets, pressured by higher bond yields and the appreciation of the USD in response to US inflation not falling to the Fed's desired level.</li></ul>

The SET Index is expected to move sideways down, with the resistance at 1,595/1,606 points and the support at 1,580/1,576 points.We recommend trading buy on SAPPE, M and TRUE.Negative momentum may be generated by the instability in global financial markets, pressured by higher bond yields and the appreciation of the USD in response to US inflation not falling to the Fed's desired level.

United States

Crane Company operates as a diversified manufacturer of engineered industrial products. The Company designs and manufactures engineered industrial products under aerospace and electronics, process flow technologies, payment and merchandising, and engineered materials business segments. Crane serves the oil and gas, chemical, pharmaceutical, and transportation industries worldwide.

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Crane (CR US)

Crane Company - What Is Its Core Business Strategy? - Major Drivers

Crane Company recently released its second quarter 2024 earnings report, highlighting strong financial performance, strategic growth initiatives,...

Baptista Research

Krungthai XSpring Zoom Eng. December 29, 2022

The SET Index is expected to move sideways up, with the resistance at 1,651/1,660 points and the support at 1,640/1,630 points. Tactically,...

Krungthai XSpring

Today's Daily Report

The SET Index is expected to move sideways down, with the resistance at 1,630/1,635 points and the support at 1,611/1,600 points. Today's momentum...

Krungthai XSpring

Market Outlook

The SET Index is expected to move sideways up, with the resistance at 1,580/1,592 points and the support at 1,570/1,560 points. We recommend...

Krungthai XSpring

Market Outlook

The SET Index is expected to move sideways down, with the resistance at 1,595/1,606 points and the support at 1,580/1,576 points. We recommend...

Krungthai XSpring

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