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>HCA Healthcare shared its quarterly financial performance for the second quarter of 2024, emphasizing positive growth across many key areas, amid some challenges inherent in the healthcare industry.</li><li>The company's earnings per share adjusted saw a significant increase by 28%, rising to $5.50, driven by robust volume growth across its markets and service lines.</li><li>This growth reflects a concerted effort from HCA Healthcare to optimize operations and improve patient outcomes.</li></ul>

HCA Healthcare shared its quarterly financial performance for the second quarter of 2024, emphasizing positive growth across many key areas, amid some challenges inherent in the healthcare industry.The company's earnings per share adjusted saw a significant increase by 28%, rising to $5.50, driven by robust volume growth across its markets and service lines.This growth reflects a concerted effort from HCA Healthcare to optimize operations and improve patient outcomes.

HCA Healthcare Inc.: How Is Its Organic Growth Strategy Shaping Up? - Major Drivers

<ul><li>HCA Healthcare, one of the largest U.S. health systems, has shown robust quarterly results backed by sustained fundamentals in their business.</li><li>The momentum primarily results from broad-based volume growth, improved payer mix, and healthy operating margins.</li><li>While HCA Healthcare generally presents a promising outlook for the rest of the year, the management underscores uncertainties that diverse risks may pose.</li></ul>

HCA Healthcare, one of the largest U.S. health systems, has shown robust quarterly results backed by sustained fundamentals in their business.The momentum primarily results from broad-based volume growth, improved payer mix, and healthy operating margins.While HCA Healthcare generally presents a promising outlook for the rest of the year, the management underscores uncertainties that diverse risks may pose.

HCA Healthcare: How Long Is The Continued Strength In Demand for Healthcare Services Expected To Last? - Major Drivers

<ul><li>HCA Healthcare Inc.</li><li>had a robust fourth quarter in 2023, which exceeded expectations across most business dimensions.</li><li>Demand for services remained high across the company's diverse portfolio.</li></ul>

HCA Healthcare Inc.had a robust fourth quarter in 2023, which exceeded expectations across most business dimensions.Demand for services remained high across the company's diverse portfolio.

HCA Healthcare: Strong Demand Indicators Could Be A Major Driving Force! - Key Drivers

<ul><li>This is our first report on healthcare giant, HCA Healthcare.</li><li>HCA delivered an all-around beat in the previous quarter, underpinned by sustained service demand and healthy operating margins.</li><li>In the quarter, HCA Healthcare continued to invest in its workforce, improving key labor metrics.</li></ul>

This is our first report on healthcare giant, HCA Healthcare.HCA delivered an all-around beat in the previous quarter, underpinned by sustained service demand and healthy operating margins.In the quarter, HCA Healthcare continued to invest in its workforce, improving key labor metrics.

HCA Healthcare: Initiation of Coverage – Business Strategy

APAC IPOs & Placements, Aequitas Research

Ethan Aw

APAC 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>
<a href="https://www.smartkarma.com/entities/global-health-medanta" target="_blank" data-smartkarma-citation="entities:34649:1" rel="noopener">Global Health (Medanta) (GH IN)</a> is looking to raise approximately US$268m in its upcoming India IPO.  </li>
<li>Global Health (GH) is a hospital network that operates under the Medanta brand. The firm currently has five hospitals in operation and one more planned for development.</li>
<li>We have looked at the background of the deal in our earlier notes. In this note, we will talk about the peer comparison and valuations.</li>
</ul>



Global Health (Medanta) (GH IN) is looking to raise approximately US$268m in its upcoming India IPO.  
Global Health (GH) is a hospital network that operates under the Medanta brand. The firm currently has five hospitals in operation and one more planned for development.
We have looked at the background of the deal in our earlier notes. In this note, we will talk about the peer comparison and valuations.


Global Health IPO - Small Player but Attractive

United States

HCA Healthcare, Inc.  operates hospitals.  The Company operates acute care hospitals, outpatient facilities, clinics and other patient care delivery settings.  HCA operates hospitals in the United States and the United Kingdom.

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HCA Healthcare, Inc. (HCA US)

HCA Healthcare Inc.: How Is Its Organic Growth Strategy Shaping Up? - Major Drivers

HCA Healthcare shared its quarterly financial performance for the second quarter of 2024, emphasizing positive growth across many key areas, amid...

Baptista Research

HCA Healthcare: How Long Is The Continued Strength In Demand for Healthcare Services Expected To Last? - Major Drivers

HCA Healthcare, one of the largest U.S. health systems, has shown robust quarterly results backed by sustained fundamentals in their business. The...

Baptista Research

HCA Healthcare: Strong Demand Indicators Could Be A Major Driving Force! - Key Drivers

HCA Healthcare Inc. had a robust fourth quarter in 2023, which exceeded expectations across most business dimensions. Demand for services remained...

Baptista Research

HCA Healthcare: Initiation of Coverage – Business Strategy

This is our first report on healthcare giant, HCA Healthcare. HCA delivered an all-around beat in the previous quarter, underpinned by sustained...

Baptista Research

Global Health IPO - Small Player but Attractive

Global Health (Medanta) (GH IN) is looking to raise approximately US$268m in its upcoming India IPO. In this note, we will talk about the peer...

Ethan Aw

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)