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>Dow delivered a positive result and managed an all-around beat in the last quarter.</li><li>The last quarter was challenging for Dow, with lower year-over-year sales and earnings due to the slow global economic growth.</li><li>Despite these headwinds, the company demonstrated resilience by executing its financial and operational strategies, resulting in sequential earnings improvement.</li></ul>

Dow delivered a positive result and managed an all-around beat in the last quarter.The last quarter was challenging for Dow, with lower year-over-year sales and earnings due to the slow global economic growth.Despite these headwinds, the company demonstrated resilience by executing its financial and operational strategies, resulting in sequential earnings improvement.

Dow Inc.: New Partnership with New Energy Blue to Pioneer Sustainable Bio-Based Plastics & Other Developments

Equity Capital Markets

<ul><li>Dow had a challenging quarter given the ongoing market dynamics.</li><li>The year's first quarter is expected to align with the fourth-quarter performance, with discrete headwinds of $75 million.</li><li>We give Dow Inc. a 'Hold' rating with a revised target price.</li></ul>

Dow had a challenging quarter given the ongoing market dynamics.The year's first quarter is expected to align with the fourth-quarter performance, with discrete headwinds of $75 million.We give Dow Inc. a 'Hold' rating with a revised target price.

Dow Inc.: What Is Its Biggest Competitive Advantage? – Key Drivers

Credit

<ul><li>Dow Inc is a giant in the global chemicals industry and a material science leader providing customers with cutting-edge, eco-friendly packaging and infrastructure solutions.</li><li>The company is dealing with its fair share of challenges on account of slower GDP growth, complex energy markets, and client destocking.</li><li>The company proactively reduced operating rates to manage working capital, effectively implemented operational mitigation plans and cost-saving measures and lowered operating rates.</li></ul>

Dow Inc is a giant in the global chemicals industry and a material science leader providing customers with cutting-edge, eco-friendly packaging and infrastructure solutions.The company is dealing with its fair share of challenges on account of slower GDP growth, complex energy markets, and client destocking.The company proactively reduced operating rates to manage working capital, effectively implemented operational mitigation plans and cost-saving measures and lowered operating rates.

Dow Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

<ul><li>This is our first report on Dow Inc., a behemoth in the global chemicals industry.</li><li>The company proactively reduced operating rates to manage working capital, effectively implemented operational mitigation plans and cost-saving measures and lowered operating rates.</li><li>In the Deer Park acrylic monomer plant in Performance Monomers, Dow anticipates higher scheduled maintenance turnaround costs in this segment.</li></ul>

This is our first report on Dow Inc., a behemoth in the global chemicals industry.The company proactively reduced operating rates to manage working capital, effectively implemented operational mitigation plans and cost-saving measures and lowered operating rates.In the Deer Park acrylic monomer plant in Performance Monomers, Dow anticipates higher scheduled maintenance turnaround costs in this segment.

Dow Inc.: Initiation of Coverage – Business Strategy & Key Drivers

Value Investing

Vladimir Dimitrov, CFA

Lyondellbasell Indu Cl A / Equity Bottom-Up

<ul>
<li>LyondellBasell continued to outperform the broader equity market as declining margins seem largely priced-in.</li>
<li>The company remains well-positioned to weather increased risk of recession in 2023 and geopolitical tensions in the future.</li>
<li>The firm is well- positioned to weather an increased risk to recession in the 2023.</li>
</ul>


LyondellBasell continued to outperform the broader equity market as declining margins seem largely priced-in.
The company remains well-positioned to weather increased risk of recession in 2023 and geopolitical tensions in the future.
The firm is well- positioned to weather an increased risk to recession in the 2023.


LyondellBasell: What To Expect As It Reports Full Year Results

United States

Dow Inc. produces and distributes chemical products. The Company manufactures and supplies chemicals for liquid injection molding, architecture fabrication, leather, textiles, automobiles, rubber consumer goods, and food industries. Dow serves customers worldwide.

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Dow (DOW US)

Dow Inc.: New Partnership with New Energy Blue to Pioneer Sustainable Bio-Based Plastics & Other Developments

Dow delivered a positive result and managed an all-around beat in the last quarter. The last quarter was challenging for Dow, with lower...

Baptista Research

Dow Inc.: What Is Its Biggest Competitive Advantage? – Key Drivers

Dow had a challenging quarter given the ongoing market dynamics. The year's first quarter is expected to align with the fourth-quarter...

Baptista Research

Dow Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

Dow Inc is a giant in the global chemicals industry and a material science leader providing customers with cutting-edge, eco-friendly packaging...

Baptista Research

Dow Inc.: Initiation of Coverage – Business Strategy & Key Drivers

This is our first report on Dow Inc., a behemoth in the global chemicals industry. The company proactively reduced operating rates to manage...

Baptista Research

LyondellBasell: What To Expect As It Reports Full Year Results

The company remains well-positioned to weather increased risk of recession in 2023 and geopolitical tensions in the future.

Vladimir Dimitrov, CFA

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