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>Northrop Grumman managed to exceed analyst expectations in terms of revenue as well as earnings.</li><li>The company's revenues increased in the second quarter, with each of its 4 business sectors making significant contributions.</li><li>Global demand for their products is also increasing as their allies increase defense spending to combat emerging threats.</li></ul>

Northrop Grumman managed to exceed analyst expectations in terms of revenue as well as earnings.The company's revenues increased in the second quarter, with each of its 4 business sectors making significant contributions.Global demand for their products is also increasing as their allies increase defense spending to combat emerging threats.

Northrop Grumman Corporation: 4 Factors Powering Their Revenue Surge! – Key Drivers

HK/China Equity Long-Short

Osbert Tang, CFA

AviChina Industry & Technology H / Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/avichina-industry-technology-h" target="_blank" data-smartkarma-citation="entities:16315:1" rel="noopener">AviChina Industry &amp; Technology H (2357 HK)</a> offers unique exposure to China's aerospace and defense sector and it will ride on China's ambition to solidify its military strengths. </li>
<li>We think the key drivers are increase in civil and defense demand, commercialisation of C919 aircraft, localisation of helicopters and potential for corporate restructuring.</li>
<li>The stock is undervalued with its holdings in four listed A-shares amounted to Rmb70.6bn, against its own market cap of HK$25bn. Also, earnings multiples are cheap relative to global peers.</li>
</ul>



AviChina Industry &amp; Technology H (2357 HK) offers unique exposure to China's aerospace and defense sector and it will ride on China's ambition to solidify its military strengths. 
We think the key drivers are increase in civil and defense demand, commercialisation of C919 aircraft, localisation of helicopters and potential for corporate restructuring.
The stock is undervalued with its holdings in four listed A-shares amounted to Rmb70.6bn, against its own market cap of HK$25bn. Also, earnings multiples are cheap relative to global peers.


2023 High Conviction: AviChina Industry (2357 HK) - The Sky Is the Limit

Credit

<ul><li>Northrop Grumman Corporation is an aerospace and defense behemoth with a strong competitive moat stemming from long-term contracts with the U.S.<li></li>Government.<li></li>Northrop Grumman Corporation recently received a contract having follow-on options for the SiAW (Stand-in Attack weapon) missile’s development.</li></ul>

Northrop Grumman Corporation is an aerospace and defense behemoth with a strong competitive moat stemming from long-term contracts with the U.S.Government.Northrop Grumman Corporation recently received a contract having follow-on options for the SiAW (Stand-in Attack weapon) missile’s development.

Northrop Grumman Corporation: Detailed Credit Analysis & Financial Strength Evaluation Report

<ul><li>This is our first report on aerospace and defense company, Northrop Grumman Corporation.<li></li>The company has a strong moat from long-term contracts with the U.S.<li></li>Government and started 2022 on a positive note.</li></ul>

This is our first report on aerospace and defense company, Northrop Grumman Corporation.The company has a strong moat from long-term contracts with the U.S.Government and started 2022 on a positive note.

Northrop Grumman Corporation: Initiation of Coverage – Market Position

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>Our key "lines in the sand" were tested last week, including 4257 on the S&amp;P 500, $334 on QQQ, 33,250 on the DJIA, and $102.50 on the S&amp;P 600 (IJR).</li>
<li>After a brief dip below these levels, buyers immediately stepped up and reclaimed these supports. It was a clear win for the bulls (for now).</li>
<li>Attractive and actionable Groups highlighted include fertilizer (ag chemicals), aerospace/defense, and shipping.</li>
</ul>


Our key "lines in the sand" were tested last week, including 4257 on the S&amp;P 500, $334 on QQQ, 33,250 on the DJIA, and $102.50 on the S&amp;P 600 (IJR).
After a brief dip below these levels, buyers immediately stepped up and reclaimed these supports. It was a clear win for the bulls (for now).
Attractive and actionable Groups highlighted include fertilizer (ag chemicals), aerospace/defense, and shipping.


Volatility & Consolidation Continues; Buying Ag Chemicals, Aerospace/Defense, and Shipping Stocks

United States

Northrop Grumman Corporation is a global security company. The Company provides systems, products, and solutions in aerospace, electronics, information systems and technical services to government and commercial customers worldwide.

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Northrop Grumman (NOC US)

Northrop Grumman Corporation: 4 Factors Powering Their Revenue Surge! – Key Drivers

Northrop Grumman managed to exceed analyst expectations in terms of revenue as well as earnings. The company's revenues increased in the second...

Baptista Research

2023 High Conviction: AviChina Industry (2357 HK) - The Sky Is the Limit

AviChina is cheap against global peers and key drivers are increase in civil and defense demand, commercialisation of C919 aircraft, localisation...

Osbert Tang, CFA

Northrop Grumman Corporation: Detailed Credit Analysis & Financial Strength Evaluation Report

Northrop Grumman Corporation is an aerospace and defense behemoth with a strong competitive moat stemming from long-term contracts with the...

Baptista Research

Northrop Grumman Corporation: Initiation of Coverage – Market Position

This is our first report on aerospace and defense company, Northrop Grumman Corporation. The company has a strong moat from long-term contracts...

Baptista Research

Volatility & Consolidation Continues; Buying Ag Chemicals, Aerospace/Defense, and Shipping Stocks

Moving forward we continue to expect more volatility and consolidation between 4257 and 4590-4595 on the S&P 500, and between $334 and $367 on the...

Vermilion Research

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