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>Expedia Group's Q4 2023 financial results revealed a solid year of performance with the company meeting its guidance despite significant changes and unpredictability.</li><li>A key highlight was the strong revenue and EBITDA performance, with lodging business recording another record quarter in hotel gross bookings, growing 13% YoY. There was, however, some softness in gross bookings primarily driven by air, which was largely due to a reduction in average ticket prices.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Expedia Group's Q4 2023 financial results revealed a solid year of performance with the company meeting its guidance despite significant changes and unpredictability.A key highlight was the strong revenue and EBITDA performance, with lodging business recording another record quarter in hotel gross bookings, growing 13% YoY. There was, however, some softness in gross bookings primarily driven by air, which was largely due to a reduction in average ticket prices.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Expedia Group: Boosting European Travel with New Partnerships! - Major Drivers

Cross-Asset Strategist & Quantitative Analyst, Pennock Idea Hub

Cam Hui

Cross-Asset Strategist & Quantitative Analyst

Pennock Idea Hub

We are creators of independent equity research. The Pennock Idea Hub team are veterans of the investment industry. Much of our team has spent their careers at Merrill Lynch, Deutsche Bank, RBC Capital Markets and Wood Gundy. We have taken every aspect of research back to the studs and returned to first principles. The Pennock Idea Hub marries the interests of the sell and buy side. 

We offer the best research for institutional investors by:

-Only publishing research from veteran analysts
-Eliminate the inherent conflicts of the traditional sell and buy side relationship
-Ensure our team is always accessible; collaboration with clients nurtures our collective success

Cross-Asset & Quantitative Research

Cross Asset Strategy

<ul>
<li>A bottom-up driven scan of stock charts shows over 29 stocks with bullish technical patterns consisting of uptrends or breakouts from multi-month bases with strong potential upsides.</li>
<li>Bullish patterns are broadly based, primarily concentrated in technology and cyclicals, which argue for a continuation of the AI-related bull and an economic rebound.</li>
<li>This bottom-up analysis also pointed to bullish macro conclusions about the economy.</li>
</ul>


A bottom-up driven scan of stock charts shows over 29 stocks with bullish technical patterns consisting of uptrends or breakouts from multi-month bases with strong potential upsides.
Bullish patterns are broadly based, primarily concentrated in technology and cyclicals, which argue for a continuation of the AI-related bull and an economic rebound.
This bottom-up analysis also pointed to bullish macro conclusions about the economy.


Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>M3 extends its Tender Offer for <a href="https://www.smartkarma.com/entities/benefit-one-inc" target="_blank" data-smartkarma-citation="entities:14502:1" rel="noopener">Benefit One (2412 JP)</a>. M3 can match Dai-Ichi Life proposal, financially, if backed. And <a href="https://www.smartkarma.com/entities/dai-ichi-life-insurance" target="_blank" data-smartkarma-citation="entities:1109:1" rel="noopener">Dai Ichi Life Insurance (8750 JP)</a> can probably bump further. </li>
<li>
<a href="https://www.smartkarma.com/entities/haier-electronics-group-co" target="_blank" data-smartkarma-citation="entities:4877:1" rel="noopener">Haier Electronics Group Co (1169 HK)</a>'s CEO and <a href="https://www.smartkarma.com/entities/org-technology-co-ltd-a" target="_blank" data-smartkarma-citation="entities:17510:1" rel="noopener">ORG Technology Co., Ltd. A (002701 CH)</a> reckon they can trump SASAC's Offer for <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>.</li>
<li>First City of London Investment Management, then Palliser Capital and now Whitebox, urge <a href="https://www.smartkarma.com/entities/samsung-c-t-corporation" target="_blank" data-smartkarma-citation="entities:481:1" rel="noopener">Samsung C&amp;T (028260 KS)</a> to improve its cash spending, improve governance and communications and simplify its corporate structure</li>
</ul>


M3 extends its Tender Offer for Benefit One (2412 JP). M3 can match Dai-Ichi Life proposal, financially, if backed. And Dai Ichi Life Insurance (8750 JP) can probably bump further. 

Haier Electronics Group Co (1169 HK)'s CEO and ORG Technology Co., Ltd. A (002701 CH) reckon they can trump SASAC's Offer for CPMC Holdings (906 HK).
First City of London Investment Management, then Palliser Capital and now Whitebox, urge Samsung C&amp;T (028260 KS) to improve its cash spending, improve governance and communications and simplify its corporate structure


Last Week in Event SPACE: Benefit One, CPMC, Samsung C&T, Sands China, Shinko Electric, Hankook & Co

<ul><li>Expedia Group, Inc. delivered an all-around beat in the previous quarter, surpassing expectations with significant revenue and EBITDA despite challenges such as the Maui fires impacting the Vrbo business.</li><li>Amid global challenges, the management closely monitored escalating violence in the Middle East, affecting travel in early October.</li><li>Additionally, the B2C business has gained momentum, with year-over-year revenue growth in Q3 accelerating over 400 basis points sequentially.</li></ul>

Expedia Group, Inc. delivered an all-around beat in the previous quarter, surpassing expectations with significant revenue and EBITDA despite challenges such as the Maui fires impacting the Vrbo business.Amid global challenges, the management closely monitored escalating violence in the Middle East, affecting travel in early October.Additionally, the B2C business has gained momentum, with year-over-year revenue growth in Q3 accelerating over 400 basis points sequentially.

Expedia Group Inc.: Pioneering Travel with AI and Machine Learning Marvels! - Major Drivers

<ul><li>This is our first report on travel booking giant, Expedia Group.</li><li>The company delivered mixed results for the previous quarter, with revenues well below analyst expectations, but managed an earning beat.</li><li>With the recent launch of "One Key," offering flexible travel rewards, and the ongoing Vrbo migration, Expedia's team anticipates substantial growth and increased customer loyalty.</li></ul>

This is our first report on travel booking giant, Expedia Group.The company delivered mixed results for the previous quarter, with revenues well below analyst expectations, but managed an earning beat.With the recent launch of "One Key," offering flexible travel rewards, and the ongoing Vrbo migration, Expedia's team anticipates substantial growth and increased customer loyalty.

Expedia Group Inc: Initiation of Coverage – Business Strategy

United States

Expedia Group, Inc. provides branded online travel services for leisure and small business travelers. The Company offers a wide range of travel shopping and reservation services, providing real-time access to schedule, pricing and availability information for airlines, hotels, and car rental companies.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Expedia Group, Inc. (EXPE US)

Expedia Group: Boosting European Travel with New Partnerships! - Major Drivers

Expedia Group's Q4 2023 financial results revealed a solid year of performance with the company meeting its guidance despite significant changes...

Baptista Research

29 Reasons to Be Bullish

A bottom-up scan of stock charts shows over 29 stocks with bullish technical patterns consisting of uptrends or breakouts from multi-month bases...

Cam Hui

Last Week in Event SPACE: Benefit One, CPMC, Samsung C&T, Sands China, Shinko Electric, Hankook & Co

The weekend is here! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed...

David Blennerhassett

Expedia Group Inc.: Pioneering Travel with AI and Machine Learning Marvels! - Major Drivers

Expedia Group, Inc. delivered an all-around beat in the previous quarter, surpassing expectations with significant revenue and EBITDA despite...

Baptista Research

Expedia Group Inc: Initiation of Coverage – Business Strategy

This is our first report on travel booking giant, Expedia Group. The company delivered mixed results for the previous quarter, with revenues well...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)