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

Hyatt Hotels Corp Cl A / Equity Bottom-Up

<ul><li>Hyatt's second quarter of 2025 presented a mixed bag of strategic moves and operational results, demonstrating both growth opportunities and challenges.</li><li>On the positive side, the company's acquisition of Playa Hotels & Resorts and subsequent real estate sale for $2 billion are noteworthy, aligning with its asset-light strategy.</li><li>The acquisition is expected to contribute significantly to management fees and earnings through Hyatt’s distribution platform by 2026.</li></ul>

Hyatt's second quarter of 2025 presented a mixed bag of strategic moves and operational results, demonstrating both growth opportunities and challenges.On the positive side, the company's acquisition of Playa Hotels & Resorts and subsequent real estate sale for $2 billion are noteworthy, aligning with its asset-light strategy.The acquisition is expected to contribute significantly to management fees and earnings through Hyatt’s distribution platform by 2026.

Hyatt Hotels: Expansion of the Group Business Segment to Potentially Enhance Its Financial Profile!

<ul><li>Hyatt Hotels Corporation has accelerated its pivot toward an asset-light model with a landmark $2.6 billion sale of its Playa Hotels & Resorts all-inclusive portfolio, marking its most significant divestiture yet.</li><li>This transaction shifts 15 resorts across Mexico, the Dominican Republic, and Jamaica from owned real estate to pure management and franchise agreements, unlocking immediate liquidity and reducing capital intensity.</li><li>Coupled with Hyatt’s recent launch of multiple new brands—Hyatt Studios, Hyatt Select, and Unscripted by Hyatt—in the upscale and upper-midscale segments, the company is realigning its growth engine toward higher-margin fee revenue.</li></ul>

Hyatt Hotels Corporation has accelerated its pivot toward an asset-light model with a landmark $2.6 billion sale of its Playa Hotels & Resorts all-inclusive portfolio, marking its most significant divestiture yet.This transaction shifts 15 resorts across Mexico, the Dominican Republic, and Jamaica from owned real estate to pure management and franchise agreements, unlocking immediate liquidity and reducing capital intensity.Coupled with Hyatt’s recent launch of multiple new brands—Hyatt Studios, Hyatt Select, and Unscripted by Hyatt—in the upscale and upper-midscale segments, the company is realigning its growth engine toward higher-margin fee revenue.

Hyatt’s Asset-Light Ambition Could Ignite Stock Rally After $2.6 Billion Resort Sale

<ul><li>Hyatt Hotels Corporation's recent earnings for the first quarter of 2025 revealed a mix of solid operational performance and cautious outlook driven by macroeconomic uncertainties.</li><li>The company reported strong RevPAR (Revenue per Available Room) growth of 5.7% for the quarter, driven by the luxury segment of its portfolio, which continues to attract high-end consumers prioritizing travel.</li><li>Notably, Hyatt's business model transformation towards an asset-light approach has paid dividends, reducing earnings volatility compared to historical figures.</li></ul>

Hyatt Hotels Corporation's recent earnings for the first quarter of 2025 revealed a mix of solid operational performance and cautious outlook driven by macroeconomic uncertainties.The company reported strong RevPAR (Revenue per Available Room) growth of 5.7% for the quarter, driven by the luxury segment of its portfolio, which continues to attract high-end consumers prioritizing travel.Notably, Hyatt's business model transformation towards an asset-light approach has paid dividends, reducing earnings volatility compared to historical figures.

Hyatt Hotels Corporation Surges Ahead as Owned Properties Deliver Record-Breaking Returns!

<ul><li>Hyatt faced a mixed financial landscape in its recent earnings report, revealing both strategic advancements and some challenges.</li><li>On the positive side, Hyatt announced a significant acquisition of Playa Hotels & Resorts for approximately $2.6 billion.</li><li>This move is expected to enhance Hyatt's position in the luxury all-inclusive sector, particularly in Mexico and the Caribbean, by incorporating Playa's assets into Hyatt's distribution channels such as ALG Vacations and Unlimited Vacation Club.</li></ul>

Hyatt faced a mixed financial landscape in its recent earnings report, revealing both strategic advancements and some challenges.On the positive side, Hyatt announced a significant acquisition of Playa Hotels & Resorts for approximately $2.6 billion.This move is expected to enhance Hyatt's position in the luxury all-inclusive sector, particularly in Mexico and the Caribbean, by incorporating Playa's assets into Hyatt's distribution channels such as ALG Vacations and Unlimited Vacation Club.

Hyatt Hotels Corporation: The Luxury Hotel Boom That’s Powering Its Revenue Growth!

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>Large-Cap indexes (S&amp;P 500, Nasdaq 100, and DJI) remain bullish, all hitting new all-time highs last week while continuing to find short-term support at their respective 20-day MAs.</li>
<li>Mid-Caps (S&amp;P 400, Russell Mid-Cap) starting another leg higher following breakouts from 2-month consolidations. Small-caps (S&amp;P 600, Russell 2000) are likely to follow in the footsteps of large- and mid-caps.</li>
<li>Small-Cap indexes have been consolidating for 2.5 months following the historic rally from late-October to late-December 2023, a healthy sign. We expect they are gearing-up for another similar move higher.</li>
</ul>


Large-Cap indexes (S&amp;P 500, Nasdaq 100, and DJI) remain bullish, all hitting new all-time highs last week while continuing to find short-term support at their respective 20-day MAs.
Mid-Caps (S&amp;P 400, Russell Mid-Cap) starting another leg higher following breakouts from 2-month consolidations. Small-caps (S&amp;P 600, Russell 2000) are likely to follow in the footsteps of large- and mid-caps.
Small-Cap indexes have been consolidating for 2.5 months following the historic rally from late-October to late-December 2023, a healthy sign. We expect they are gearing-up for another similar move higher.


U.S. Dollar Rolling Over; Small-Caps to Follow Mid- And Large-Caps to New Highs; Buys in Cons. Disc.

United States

Hyatt Hotels Corp. is a global hospitality company. The Company manages, franchises, owns, and develops branded hotels, resorts and residential and vacation ownership properties around the world.

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Hyatt Hotels Corp Cl A (H US)

Hyatt Hotels: Expansion of the Group Business Segment to Potentially Enhance Its Financial Profile!

Hyatt's second quarter of 2025 presented a mixed bag of strategic moves and operational results, demonstrating both growth opportunities and...

Baptista Research

Hyatt’s Asset-Light Ambition Could Ignite Stock Rally After $2.6 Billion Resort Sale

Hyatt Hotels Corporation has accelerated its pivot toward an asset-light model with a landmark $2.6 billion sale of its Playa Hotels & Resorts...

Baptista Research

Hyatt Hotels Corporation Surges Ahead as Owned Properties Deliver Record-Breaking Returns!

Hyatt Hotels Corporation's recent earnings for the first quarter of 2025 revealed a mix of solid operational performance and cautious outlook...

Baptista Research

Hyatt Hotels Corporation: The Luxury Hotel Boom That’s Powering Its Revenue Growth!

Hyatt faced a mixed financial landscape in its recent earnings report, revealing both strategic advancements and some challenges. On the positive...

Baptista Research

U.S. Dollar Rolling Over; Small-Caps to Follow Mid- And Large-Caps to New Highs; Buys in Cons. Disc.

U.S. Dollar $DXY Rolling Over; 10- and 30-Yr Treasury Yields Hit Major Resistance; Small-Caps to Follow Mid- and Large-Caps to New Highs $IWM $RTY...

Vermilion Research

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