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

Marriott Vacations World / Equity Bottom-Up

<ul><li>This is our first report on Marriott Vacations Worldwide.</li><li>On the positive side, contract sales across Europe and Asia Pacific increased by a notable 42% year-over-year proving the company's strong international growth.</li><li>Another positive aspect is the successful launch of the Hyatt Vacation Club brand and the new BEYOND program, which increased the number of travel offerings for Hyatt Vacation Club owners.</li></ul>

This is our first report on Marriott Vacations Worldwide.On the positive side, contract sales across Europe and Asia Pacific increased by a notable 42% year-over-year proving the company's strong international growth.Another positive aspect is the successful launch of the Hyatt Vacation Club brand and the new BEYOND program, which increased the number of travel offerings for Hyatt Vacation Club owners.

Marriott Vacations Worldwide: Initiation of Coverage - Global Expansion Explosion! The Secret Behind Their 40% Surge in International Sales! - Major Drivers

Asia consumer research, Investory

Shilpa Krishnan

Asia consumer research

ASIA CONSUMER: INSIGHTS AND INVESTMENT IDEAS

Investory

Investory is a Singapore-based boutique independent equity research firm founded in January 2017 with a primary focus on consumption themes across Asia-Pacific.

We aim to generate investible ideas based on consumption trends and outlook. We screen our ideas on several parameters - product potential, long-term growth and management commitment being the most critical.  We follow a fundamental analysis approach in our stock selection process and are not restricted by market cap.

We aspire to grow into a leading source of unbiased research, free of conflict of interest, for investors yearning for independent and disciplined analysis. 

We also undertake bespoke research mandates to support our Institutional clients’ investment needs.

Our team comprises of professionals with extensive experience in the Asian equity markets, in areas ranging from research, servicing institutional clients and investment management.

Mahindra Holidays & Resorts India / Equity Bottom-Up

Mahindra Holidays & Resorts India (MHRL IN)

<p>Does a good product make for a great stock or a lousy one? I won’t buy a stock for its product alone, but I will definitely personally vouch for the holiday product of Club Mahindra. This is the company that has managed to convince over 222,000 Indian families that they deserve a break from their hard work, 7 days a year, and pampers them at its resorts with great locations, spacious rooms, a smorgasbord of treats at the restaurant, spa, club facilities and the works. </p><p>My non-Indian friends own timeshares at Marriott Vacations (VAC US) and Hilton Grand (HGV US). The comparisons intrigued me. MHRL’s member numbers are just 10-15% lower than those of its overseas peers, and with 50 resorts MHRL is comparable to HGV. But HGV has 2x MHRL’s room-inventory, 5x its revenues, 10x its profit, and 5x the market capitalization. Read on for why I think MHRL is not just another case of overestimating the discretionary consumption power of the Indian middle class.</p>

Does a good product make for a great stock or a lousy one? I won’t buy a stock for its product alone, but I will definitely personally vouch for the holiday product of Club Mahindra. This is the company that has managed to convince over 222,000 Indian families that they deserve a break from their hard work, 7 days a year, and pampers them at its resorts with great locations, spacious rooms, a smorgasbord of treats at the restaurant, spa, club facilities and the works. My non-Indian friends own timeshares at Marriott Vacations (VAC US) and Hilton Grand (HGV US). The comparisons intrigued me. MHRL’s member numbers are just 10-15% lower than those of its overseas peers, and with 50 resorts MHRL is comparable to HGV. But HGV has 2x MHRL’s room-inventory, 5x its revenues, 10x its profit, and 5x the market capitalization. Read on for why I think MHRL is not just another case of overestimating the discretionary consumption power of the Indian middle class.

How Do You Make Money When (Others Are) On Vacation

United States

Marriott Vacations Worldwide Corporation is a worldwide developer, marketer, seller and manager of vacation ownership resorts and vacation club, destination club and exchange programs, principally under the "Marriott" and "Ritz-Carlton" brands and trademarks, which we license from Marriott International and Ritz-Carlton.

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Marriott Vacations World (VAC US)

Marriott Vacations Worldwide: Initiation of Coverage - Global Expansion Explosion! The Secret Behind Their 40% Surge in International Sales! - Major Drivers

This is our first report on Marriott Vacations Worldwide. On the positive side, contract sales across Europe and Asia Pacific increased by a...

Baptista Research

How Do You Make Money When (Others Are) On Vacation

Does a good product make for a great stock or a lousy one? I won’t buy a stock for its product alone, but I will definitely personally vouch for...

Shilpa Krishnan

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