Tracking developments across tech supply chains, Tech Supply Chain Tracker

Tech Supply Chain Tracker

Tracking developments across tech supply chains

Equity Bottom-Up

<ul><li>AI agents are becoming more powerful assistants but need careful management to avoid potential risks.</li><li>Honor is preparing for an IPO with corporate restructuring and rebranding efforts.</li><li>Taiwan tightens restrictions on tech exports to China while the US considers banning Chinese drones like DJI.</li></ul>

AI agents are becoming more powerful assistants but need careful management to avoid potential risks.Honor is preparing for an IPO with corporate restructuring and rebranding efforts.Taiwan tightens restrictions on tech exports to China while the US considers banning Chinese drones like DJI.

Tech Supply Chain Tracker (04-Jan-2025): AI agents: helper or threat?

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>Lockheed Martin Corporation recently held its third-quarter earnings call for 2024, during which key financial metrics and strategic developments were discussed.</li><li>The company reported robust demand across its business sectors, leading to a record backlog of over $165 billion, driven primarily by increased orders for precision and air defense munitions like the Javelin and various missile systems.</li><li>This backlog, a critical indicator of future revenue, underscores Lockheed Martin's strong market position and ongoing demand for its defense products.</li></ul>

Lockheed Martin Corporation recently held its third-quarter earnings call for 2024, during which key financial metrics and strategic developments were discussed.The company reported robust demand across its business sectors, leading to a record backlog of over $165 billion, driven primarily by increased orders for precision and air defense munitions like the Javelin and various missile systems.This backlog, a critical indicator of future revenue, underscores Lockheed Martin's strong market position and ongoing demand for its defense products.

Lockheed Martin Corporation: Can It Capitalize On The Current Aerospace & Defense Macro? - Major Drivers

<ul><li>Lockheed Martin's performance in the second quarter of 2024 showcases a confident trajectory marked by significant operational and financial strides.</li><li>The company reported a robust backlog valued at approximately $160 billion, more than twice its annual revenue, indicating sustained demand and potential future earnings stability.</li><li>Revenue growth saw a 9% year-over-year increase across all four business segments, driven by enhanced operational performances and an improving supply chain.</li></ul>

Lockheed Martin's performance in the second quarter of 2024 showcases a confident trajectory marked by significant operational and financial strides.The company reported a robust backlog valued at approximately $160 billion, more than twice its annual revenue, indicating sustained demand and potential future earnings stability.Revenue growth saw a 9% year-over-year increase across all four business segments, driven by enhanced operational performances and an improving supply chain.

Lockheed Martin Corporation: Can Its Expansion of Missile and Fire Control (MFC) Capabilities Be A Game Changer? - Major Drivers

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/cirrus-aircraft" target="_blank" data-smartkarma-citation="entities:39858:1" rel="noopener">Cirrus Aircraft (0153126D US)</a> seeks to raise up to US$197m in its Hong Kong IPO.</li>
<li>Cirrus Aircraft designs, develops, manufactures, and sells premium aircrafts. Its two aircraft product lines, the SR2X Series and the Vision Jet, are currently certified and validated in over 60 countries.</li>
<li>In our previous notes, we talked about the company’s historical performance and PHIP updates. In this note, we undertake a quick peer comparison and share our thoughts on valuation.</li>
</ul>



Cirrus Aircraft (0153126D US) seeks to raise up to US$197m in its Hong Kong IPO.
Cirrus Aircraft designs, develops, manufactures, and sells premium aircrafts. Its two aircraft product lines, the SR2X Series and the Vision Jet, are currently certified and validated in over 60 countries.
In our previous notes, we talked about the company’s historical performance and PHIP updates. In this note, we undertake a quick peer comparison and share our thoughts on valuation.


Cirrus Aircraft IPO - Fundamentally Sound but Parent Still Under Sanction

<ul>
<li>
<a href="https://www.smartkarma.com/entities/cirrus-aircraft" target="_blank" data-smartkarma-citation="entities:39858:1" rel="noopener">Cirrus Aircraft (0153126D US)</a> seeks to raise up to US$100m in its upcoming HK IPO, after downsizing from an earlier reported float of US$200m. </li>
<li>Cirrus Aircraft designs, develops, manufactures, and sells premium aircrafts. Its two aircraft product lines, the SR2X Series and the Vision Jet, are currently certified and validated in over 60 countries.</li>
<li>We had covered the company’s performance and PHIP updates in our earlier notes. In this note, we talk about its refiled PHIP updates.</li>
</ul>



Cirrus Aircraft (0153126D US) seeks to raise up to US$100m in its upcoming HK IPO, after downsizing from an earlier reported float of US$200m. 
Cirrus Aircraft designs, develops, manufactures, and sells premium aircrafts. Its two aircraft product lines, the SR2X Series and the Vision Jet, are currently certified and validated in over 60 countries.
We had covered the company’s performance and PHIP updates in our earlier notes. In this note, we talk about its refiled PHIP updates.


Cirrus Aircraft Pre-IPO - Refiled PHIP Updates - Customer Demand Remains Strong

United States

Lockheed Martin Corporation is a global security company that primarily researches, designs, develops, manufactures, and integrates advanced technology products and services.  The Company's businesses span space, telecommunications, electronics, information and services, aeronautics, energy, and systems integration.  Lockheed Martin operates worldwide.

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Lockheed Martin (LMT US)

Tech Supply Chain Tracker (04-Jan-2025): AI agents: helper or threat?

Rise of AI agents brings benefits and risks, Taiwan tightens tech export restrictions, US gov seeks to ban Chinese drones, China restricts 28 US...

Tech Supply Chain Tracker

Lockheed Martin Corporation: Can It Capitalize On The Current Aerospace & Defense Macro? - Major Drivers

Lockheed Martin Corporation recently held its third-quarter earnings call for 2024, during which key financial metrics and strategic developments...

Baptista Research

Lockheed Martin Corporation: Can Its Expansion of Missile and Fire Control (MFC) Capabilities Be A Game Changer? - Major Drivers

Lockheed Martin's performance in the second quarter of 2024 showcases a confident trajectory marked by significant operational and financial...

Baptista Research

Cirrus Aircraft IPO - Fundamentally Sound but Parent Still Under Sanction

Cirrus Aircraft (0153126D US) seeks to raise up to US$197m in its Hong Kong IPO. In this note, we undertake a quick peer comparison and share our...

Ethan Aw

Cirrus Aircraft Pre-IPO - Refiled PHIP Updates - Customer Demand Remains Strong

Cirrus Aircraft (0153126D US) seeks to raise up to US$100m in its upcoming HK IPO, after downsizing from an earlier reported float of US$200m.

Ethan Aw

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