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>This is our first report on engineering major, Emerson Electric.</li><li>The company had a strong finish to the fiscal year 2022, with sales increasing by 9% surpassing Wall Street expectations.</li><li>We initiate coverage on the stock of Emerson Electric with a ‘Hold’ rating.</li></ul>

This is our first report on engineering major, Emerson Electric.The company had a strong finish to the fiscal year 2022, with sales increasing by 9% surpassing Wall Street expectations.We initiate coverage on the stock of Emerson Electric with a ‘Hold’ rating.

Emerson Electric Co.: Initiation of Coverage – Recent Divestments & Other Drivers

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>Chervon Holdings Limited (CHL) plans to raise around US$500m in its Hong Kong IPO.</li>
<li>CHL is the largest China-based global provider of power tools and outdoor power equipment (OPE). </li>
<li>In this note, we will talk about the positive aspects of the deal.</li>
</ul>


Chervon Holdings Limited (CHL) plans to raise around US$500m in its Hong Kong IPO.
CHL is the largest China-based global provider of power tools and outdoor power equipment (OPE). 
In this note, we will talk about the positive aspects of the deal.


Chervon Holdings Pre-IPO - The Positives - Fast Growth, Good Reviews

US/Europe Event-Driven Analyst

John DeMasi

Event-Driven

On May 21, 2019 <a href="https://www.smartkarma.com/entities/20662" target="_blank" data-smartkarma-citation="entities:20662:1">Crane Co (CR US)</a> announced a proposal to acquire <a href="https://www.smartkarma.com/entities/10244" target="_blank" data-smartkarma-citation="entities:10244:1">Circor International (CIR US)</a>, a manufacturer of pumps, valves, regulators, actuators, and related engineered components for $45 per share in cash, for a total equity value of $895 million and a total enterprise value of $1.55 billion ($1.7 billion if net pension liability is included). The proposal price of $45 represents a 47% premium over the May 20, 2019 CIR US closing price of $30.66. Crane held a conference call and released a slide presentation on its proposal with more details. In this piece I evaluate the proposal and the impediments standing in Crane’s way of winning this deal.

On May 21, 2019 Crane Co (CR US) announced a proposal to acquire Circor International (CIR US), a manufacturer of pumps, valves, regulators, actuators, and related engineered components for $45 per share in cash, for a total equity value of $895 million and a total enterprise value of $1.55 billion ($1.7 billion if net pension liability is included). The proposal price of $45 represents a 47% premium over the May 20, 2019 CIR US closing price of $30.66. Crane held a conference call and released a slide presentation on its proposal with more details. In this piece I evaluate the proposal and the impediments standing in Crane’s way of winning this deal.

Crane Co. Proposal to Acquire CIRCOR International – Actuator Wanted

Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

When we screen for top dividend-paying stocks among the holdings of our Ultimate Stock-Pickers we try to home in on the highest-quality names that are currently held with conviction by our top managers.We accomplish this by screening for holdings that are widely held (by five or more of our top managers), are yielding more than the S&amp;P 500, represent firms with wide or narrow economic moats, and have uncertainty ratings of either low or medium.Once this is done, we put together two tables, one reflecting the top 10 dividend-yielding stocks of our Ultimate Stock-Pickers, and the other representing stocks that are paying dividends in excess of the S&amp;P 500 and that are also widely held by our top managers.In our view, finding stocks that are yielding more than the benchmark index but that also operate in more-stable industries, where there is less uncertainty surrounding their future cash flows, and have sustainable competitive advantages, should offer some downside protection for investors.Analysts: Eric Compton &amp; Greggory Warren

When we screen for top dividend-paying stocks among the holdings of our Ultimate Stock-Pickers we try to home in on the highest-quality names that are currently held with conviction by our top managers.We accomplish this by screening for holdings that are widely held (by five or more of our top managers), are yielding more than the S&amp;P 500, represent firms with wide or narrow economic moats, and have uncertainty ratings of either low or medium.Once this is done, we put together two tables, one reflecting the top 10 dividend-yielding stocks of our Ultimate Stock-Pickers, and the other representing stocks that are paying dividends in excess of the S&amp;P 500 and that are also widely held by our top managers.In our view, finding stocks that are yielding more than the benchmark index but that also operate in more-stable industries, where there is less uncertainty surrounding their future cash flows, and have sustainable competitive advantages, should offer some downside protection for investors.Analysts: Eric Compton &amp; Greggory Warren

Our Ultimate Stock-Pickers Top 10 Dividend-Yielding Stocks

United States

Emerson Electric Co. designs and manufactures electronic and electrical equipment, software, systems and services for industrial, commercial and consumer markets worldwide through its network power, process management, industrial automation, climate technologies and commercial & residential solutions divisions.

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Emerson Electric Co (EMR US)

Emerson Electric Co.: Initiation of Coverage – Recent Divestments & Other Drivers

This is our first report on engineering major, Emerson Electric. The company had a strong finish to the fiscal year 2022, with sales increasing by...

Baptista Research

Chervon Holdings Pre-IPO - The Positives - Fast Growth, Good Reviews

Chervon Holdings Limited (CHL) plans to raise around US$500m in its Hong Kong IPO. The company is the largest China based provider of power and OPE...

Sumeet Singh

Crane Co. Proposal to Acquire CIRCOR International – Actuator Wanted

On May 21, 2019 Crane Co (CR US) announced a proposal to acquire Circor International (CIR US), a manufacturer of pumps, valves, regulators,...

John DeMasi

Our Ultimate Stock-Pickers Top 10 Dividend-Yielding Stocks

When we screen for top dividend-paying stocks among the holdings of our Ultimate Stock-Pickers we try to home in on the highest-quality names that...

Morningstar, Inc.

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