Equity Research Analyst, Maritime sector, Drewry Maritime Financial Research

Ankush Kathuria CFA, FRM

Equity Research Analyst, Maritime sector

Maritime Sector, Equity & Credit Research

Drewry Maritime Financial Research

With no ties to other players in the shipping, finance or banking world, we provide a uniquely impartial view of the markets and companies we cover. Our parent organization, Drewry is a leading independent provider of research services to the maritime and shipping industry, employing over 100 professionals across an international network of offices in London, Delhi, Singapore and Shanghai. Combining our market-leading resources with seasoned sector expertise DFRS offers a highly differentiated and comprehensive range of investment and financial research services to lenders and prospective investors in publicly listed maritime and shipping companies. The full service of reports, supporting resources and sector orientated webinars provides our clients with the most complete picture of the organisations under coverage as is possible. We have been charting and analysing the world’s maritime markets for more than 40 years. This unrivalled intelligence and understanding provides the foundation of our research service. Our analysts have access to one of the most up-to-date, comprehensive and reliable sources of market insight and research data available today. We look at globally listed companies within the following sectors: Port Operators, Container Shipping, Container Manufacturing & Leasing, LNG Shipping, Dry Bulk Shipping and Tanker Shipping. Combine in-depth sector expertise with financial analysis focusing on over 50 stocks globally.

Thematic (Sector/Industry)

2015: Investors catch a falling knife disguised as pocket of value<img src="https://static-prod.smartkarma.com/images/media/000/004/981/original/Price%20Performance.JPG?1452658223" class="editor-image img-responsive" data-smartkarma-image-id="4981"> Source: Bloomberg, DMER<ul>
<li>Investors suffered massive wealth erosion in 2015, as share prices of dry bulk companies kept tumbling during the year. DMER’s shipping index, which is based on the market cap of leading dry bulk companies, was down ~43% in 2015.</li>
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Dry bulk owners were confronted with weak shipping demand because of the slowdown in Chinese economy, which resulted in huge losses. BDI touched record lows of 415 at the onset of…</li>
</ul>

2015: Investors catch a falling knife disguised as pocket of value Source: Bloomberg, DMER
Investors suffered massive wealth erosion in 2015, as share prices of dry bulk companies kept tumbling during the year. DMER’s shipping index, which is based on the market cap of leading dry bulk companies, was down ~43% in 2015.

Dry bulk owners were confronted with weak shipping demand because of the slowdown in Chinese economy, which resulted in huge losses. BDI touched record lows of 415 at the onset of…


Dry Bulk Shipping - 2016 - Falling Knife Disguised as Pocket of Value ?

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>Intertek Group PLC's first half of 2025 results exhibit a mixed set of financial and operational metrics, laying a foundation for considered evaluation by existing and potential investors.</li><li>Delivering its ninth consecutive period of mid-single-digit like-for-like revenue growth, Intertek recorded a 4.5% increase at constant currency.</li><li>Their proactive pricing strategies have played a pivotal role in driving this growth amidst fluctuating consumer demand and economic variables.</li></ul>

Intertek Group PLC's first half of 2025 results exhibit a mixed set of financial and operational metrics, laying a foundation for considered evaluation by existing and potential investors.Delivering its ninth consecutive period of mid-single-digit like-for-like revenue growth, Intertek recorded a 4.5% increase at constant currency.Their proactive pricing strategies have played a pivotal role in driving this growth amidst fluctuating consumer demand and economic variables.

Intertek Group Is Igniting Global TIC Momentum with Regulatory Wins But Is It Enough?

<ul><li>Intertek Group PLC reported a solid financial performance for the fiscal year 2024, slightly surpassing market expectations.</li><li>The company achieved its fourth consecutive year of mid-single-digit like-for-like revenue growth, with a 6.6% increase at constant exchange rates, supported by both volume and price enhancements.</li><li>Operating profit rose by 13% at constant currency, coupled with a robust operating margin improvement of 100 basis points to 17.4%.</li></ul>

Intertek Group PLC reported a solid financial performance for the fiscal year 2024, slightly surpassing market expectations.The company achieved its fourth consecutive year of mid-single-digit like-for-like revenue growth, with a 6.6% increase at constant exchange rates, supported by both volume and price enhancements.Operating profit rose by 13% at constant currency, coupled with a robust operating margin improvement of 100 basis points to 17.4%.

Intertek Group PLC: Initiation of Coverage- Strategic Innovation & Market Access Expansion Can Help Maintain Its Solid Market Position!

United Kingdom

Intertek is a British multinational assurance, inspection, product testing, and certification company. It provides comprehensive quality assurance solutions across various industries, including consumer goods, chemicals, energy, food, healthcare, and transportation, through its global network of laboratories and offices. Intertek was founded in 1885 and is headquartered in London, England.

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Intertek (ITRK LN)

Dry Bulk Shipping - 2016 - Falling Knife Disguised as Pocket of Value ?

2015: Investors catch a falling knife disguised as pocket of value Source: Bloomberg, DMER Investors suffered massive wealth erosion in 2015, as...

Drewry Maritime Financial Research

Intertek Group Is Igniting Global TIC Momentum with Regulatory Wins But Is It Enough?

Intertek Group PLC's first half of 2025 results exhibit a mixed set of financial and operational metrics, laying a foundation for considered...

Baptista Research

Intertek Group PLC: Initiation of Coverage- Strategic Innovation & Market Access Expansion Can Help Maintain Its Solid Market Position!

Intertek Group PLC reported a solid financial performance for the fiscal year 2024, slightly surpassing market expectations. The company achieved...

Baptista Research

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