Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

Equity Bottom-Up

<ul><li>Technically, the SET Index is expected to weaken, with the support at 1,308/1,300 points and the resistance at 1,324/1,330 points.</li><li>The investment strategy remains cautious, waiting for a technical reversal signal (higher high, higher low) before entering new positions.</li><li>From a fundamental perspective, the valuation has entered an attractive zone for selective buying, with PTT, BBL, and KKP as the recommended picks.</li></ul>

Technically, the SET Index is expected to weaken, with the support at 1,308/1,300 points and the resistance at 1,324/1,330 points.The investment strategy remains cautious, waiting for a technical reversal signal (higher high, higher low) before entering new positions.From a fundamental perspective, the valuation has entered an attractive zone for selective buying, with PTT, BBL, and KKP as the recommended picks.

Mostly Borrowed Ideas Deep Dives, MBI Deep Dives

MBI Deep Dives

Mostly Borrowed Ideas Deep Dives

MBI is the abbreviation for “Mostly Borrowed Ideas”. Why “Mostly Borrowed Ideas?” As a generalist, I do not have a background in any particular sector. I enjoy navigating across industries, businesses, and countries to learn, understand, and connect the dots. In any case, most ideas and innovations are incremental in nature. Very few of us are smart enough to come up with truly original or groundbreaking ideas. I am Abdullah Al-Rezwan. I was born and brought up in Bangladesh. I went to University of Dhaka for my undergrad and majored in Finance. After working three and half years in Equity Research (Sell-side) covering Financial Sector in Bangladesh, I left Bangladesh to pursue my MBA in the US. I graduated within top 10% of the class from Cornell University's two-year MBA program and worked on the buy-side following my graduation. During my time at Cornell, I won two stock pitch competitions and also became finalists in four other competitions. I thoroughly enjoyed my stint as a generalist in the US large cap team at Madison Investments and covered a wide range of companies from UnitedHealth to Amazon and Boeing before US immigration reality paused my career in investment management. As my work authorization expired, I moved to Canada in January, 2021. Then in early 2022, I was able to return to the US.

<ul><li>Like most good comedy bit, it is funny probably because there is an element of truth to it. As a society, we are increasingly humanizing our pets.</li><li>When we look at our pets, we increasingly don’t just consider them our mere properties, rather we sense a much deeper bond to a sentient beings.</li><li>Former Petco CEO Ron Coughlin provided some numbers to contextualize society’s growing sense of devotion to our pets:“Pet parents don’t want to be called pet owners. Seventy-seven percent say they want to be called pet parents, and 60 percent say they love spoiling their pets.”</li></ul>

Like most good comedy bit, it is funny probably because there is an element of truth to it. As a society, we are increasingly humanizing our pets.When we look at our pets, we increasingly don’t just consider them our mere properties, rather we sense a much deeper bond to a sentient beings.Former Petco CEO Ron Coughlin provided some numbers to contextualize society’s growing sense of devotion to our pets:“Pet parents don’t want to be called pet owners. Seventy-seven percent say they want to be called pet parents, and 60 percent say they love spoiling their pets.”

IDEXX: Leading the Humanization of Pet Care Through Diagnostics

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.

<ul><li>IDEXX Laboratories, a prominent player in the diagnostics and veterinary healthcare sector, demonstrated a mixed performance in its latest earnings report for the third quarter of 2024.</li><li>The financial outcomes and the company's strategic movements indicate both strengths and challenges that prospective investors should consider.</li><li>Starting with the positives, IDEXX reported a 6% organic revenue growth, driven significantly by a 7% increase in Companion Animal Group (CAG) Diagnostic recurring revenues and a robust 13% growth in the water business.</li></ul>

IDEXX Laboratories, a prominent player in the diagnostics and veterinary healthcare sector, demonstrated a mixed performance in its latest earnings report for the third quarter of 2024.The financial outcomes and the company's strategic movements indicate both strengths and challenges that prospective investors should consider.Starting with the positives, IDEXX reported a 6% organic revenue growth, driven significantly by a 7% increase in Companion Animal Group (CAG) Diagnostic recurring revenues and a robust 13% growth in the water business.

IDEXX Labs: Will Its Enhanced Diagnostic Capabilities & Innovation Bring A Shift In The Competitive Dynamics? - Major Drivers

<ul><li>IDEXX Laboratories recently reported its financial results for the second quarter of 2024.</li><li>The company saw organic revenue growth of 7%, driven by a 7% increase in Companion Animal Group (CAG) Diagnostic recurring revenues and a 10% growth in its water business.</li><li>Despite facing macroeconomic and sector-specific challenges, including a 2% decline in U.S. same-store clinical visit growth, IDEXX demonstrated resilience by leveraging solid execution strategies such as high premium instrument placements and gains in veterinary software and diagnostic imaging revenues.</li></ul>

IDEXX Laboratories recently reported its financial results for the second quarter of 2024.The company saw organic revenue growth of 7%, driven by a 7% increase in Companion Animal Group (CAG) Diagnostic recurring revenues and a 10% growth in its water business.Despite facing macroeconomic and sector-specific challenges, including a 2% decline in U.S. same-store clinical visit growth, IDEXX demonstrated resilience by leveraging solid execution strategies such as high premium instrument placements and gains in veterinary software and diagnostic imaging revenues.

IDEXX Laboratories Inc.: Expanding Diagnostic Offerings & Executing Global Expansion & Strategic Acquisitions! - Major Drivers

<ul><li>IDEXX Laboratories began 2024 on a positive note, highlighted by strong profit gains and solid organic revenue growth.</li><li>In the first quarter, the company's overall revenues increased by 7%, organically, underpinned by 7% organic growth in Companion Animal Group (CAG) Diagnostic recurring revenues.</li><li>This robust growth occurred despite adverse effects from severe U.S. weather in January that the company estimates lowered overall organic revenue growth by 0.5% to 1%.</li></ul>

IDEXX Laboratories began 2024 on a positive note, highlighted by strong profit gains and solid organic revenue growth.In the first quarter, the company's overall revenues increased by 7%, organically, underpinned by 7% organic growth in Companion Animal Group (CAG) Diagnostic recurring revenues.This robust growth occurred despite adverse effects from severe U.S. weather in January that the company estimates lowered overall organic revenue growth by 0.5% to 1%.

IDEXX Laboratories: Fusion Of Innovation & Service Excellence In Veterinary Diagnostics! - Major Drivers

United States

IDEXX Laboratories, Inc. provides diagnostic, detection, and information systems for veterinary, food, and water testing applications. The Company also operates an international network of veterinary reference laboratories. IDEXX offers its products to customers worldwide.

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IDEXX Laboratories (IDXX US)

Global Manufacturing PMI in January

Technically, the SET Index is expected to weaken, with the support at 1,308/1,300 points and the resistance at 1,324/1,330 points. The investment...

Krungthai XSpring

IDEXX: Leading the Humanization of Pet Care Through Diagnostics

Like most good comedy bit, it is funny probably because there is an element of truth to it. As a society, we are increasingly humanizing our pets.

MBI Deep Dives

IDEXX Labs: Will Its Enhanced Diagnostic Capabilities & Innovation Bring A Shift In The Competitive Dynamics? - Major Drivers

IDEXX Laboratories, a prominent player in the diagnostics and veterinary healthcare sector, demonstrated a mixed performance in its latest...

Baptista Research

IDEXX Laboratories Inc.: Expanding Diagnostic Offerings & Executing Global Expansion & Strategic Acquisitions! - Major Drivers

IDEXX Laboratories recently reported its financial results for the second quarter of 2024. The company saw organic revenue growth of 7%, driven by...

Baptista Research

IDEXX Laboratories: Fusion Of Innovation & Service Excellence In Veterinary Diagnostics! - Major Drivers

IDEXX Laboratories began 2024 on a positive note, highlighted by strong profit gains and solid organic revenue growth. In the first quarter, the...

Baptista Research

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