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 Capital Markets

<ul><li>This is our first report on the financial industry behemoth, MSCI.</li><li>The company is a provider of critical decision-support tools and services to the global investment industry.</li><li>Despite the lower growth in the ESG and Climate segment, MSCI still remains the best-in-class growth company within its peer group.</li></ul>

This is our first report on the financial industry behemoth, MSCI.The company is a provider of critical decision-support tools and services to the global investment industry.Despite the lower growth in the ESG and Climate segment, MSCI still remains the best-in-class growth company within its peer group.

MSCI Inc.: Initiation of Coverage – Slowdown In ESG & Climate Posing A Problem? – Key Drivers

<ul><li>PACCAR had a strong first quarter and the company achieved revenues and net income that were well above market expectations, driven by strong demand for trucks, parts, and financial services.</li><li>PACCAR’s management attributes this growth to its investments in new truck models, global expansion, and the strong performance of PACCAR Parts.</li><li>PACCAR Financial, the company's financial services arm, also had an excellent quarter, achieving a pretax income of $149 million, similar to the same quarter of last year.</li></ul>

PACCAR had a strong first quarter and the company achieved revenues and net income that were well above market expectations, driven by strong demand for trucks, parts, and financial services.PACCAR’s management attributes this growth to its investments in new truck models, global expansion, and the strong performance of PACCAR Parts.PACCAR Financial, the company's financial services arm, also had an excellent quarter, achieving a pretax income of $149 million, similar to the same quarter of last year.

Credit

<ul><li>PACCAR is among the world’s largest manufacturers of medium and heavy trucks.</li><li>PACCAR saw an increase in truck production as well as the completion of almost all the cars that still needed components.</li><li>Baptista Research looks to evaluate the different credit strengths and credit risks of the company as well as a line-by-line analysis of the financial statements of the company for the past four years.</li></ul>

PACCAR is among the world’s largest manufacturers of medium and heavy trucks.PACCAR saw an increase in truck production as well as the completion of almost all the cars that still needed components.Baptista Research looks to evaluate the different credit strengths and credit risks of the company as well as a line-by-line analysis of the financial statements of the company for the past four years.

PACCAR Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

<ul><li>This is our first report on PACCAR, the largest manufacturer of medium and heavy-trucks in the world.</li><li>Pretax earnings at PACCAR Parts reached $380 million, a 23% increase over the same time in the previous year.</li><li>Fourth quarter revenues at PACCAR Parts were a solid $1.47 billion and the company delivered an all-around beat.</li></ul>

This is our first report on PACCAR, the largest manufacturer of medium and heavy-trucks in the world.Pretax earnings at PACCAR Parts reached $380 million, a 23% increase over the same time in the previous year.Fourth quarter revenues at PACCAR Parts were a solid $1.47 billion and the company delivered an all-around beat.

PACCAR Inc.: Initiation of Coverage – Business Strategy & Key Drivers

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Hitachi Construction Machinery / Event-Driven

<ul>
<li>On Thursday we saw news of a Hitachi sale of half its stake in HCM. Friday the stock traded down hard. Friday night saw news that underwhelmed further. </li>
<li>The deal is big, but it is basically a deal to get Hitachi out as parent. There is no Capital Alliance and there is no Strategic Alliance yet. </li>
<li>There simply is not much there, there yet. And the stock is less liquid than it looks, and that won't get better any time soon.</li>
</ul>


On Thursday we saw news of a Hitachi sale of half its stake in HCM. Friday the stock traded down hard. Friday night saw news that underwhelmed further. 
The deal is big, but it is basically a deal to get Hitachi out as parent. There is no Capital Alliance and there is no Strategic Alliance yet. 
There simply is not much there, there yet. And the stock is less liquid than it looks, and that won't get better any time soon.


Hitachi Construction Machinery Deal To Change "Parent" - There's Not Much There There

United States

PACCAR Inc designs, develops, manufactures, and distributes light-, medium-, and heavy-duty trucks, and related aftermarket distribution of parts.  The Company also offers finance and leasing services to its customers and dealers.

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Paccar Inc (PCAR US)

MSCI Inc.: Initiation of Coverage – Slowdown In ESG & Climate Posing A Problem? – Key Drivers

This is our first report on the financial industry behemoth, MSCI. The company is a provider of critical decision-support tools and services to...

Baptista Research

PACCAR Inc.: Renewed Growth

PACCAR had a strong first quarter and the company achieved revenues and net income that were well above market expectations, driven by strong...

Baptista Research

PACCAR Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

PACCAR is among the world’s largest manufacturers of medium and heavy trucks. PACCAR saw an increase in truck production as well as the completion...

Baptista Research

PACCAR Inc.: Initiation of Coverage – Business Strategy & Key Drivers

This is our first report on PACCAR, the largest manufacturer of medium and heavy-trucks in the world. Pretax earnings at PACCAR Parts reached $380...

Baptista Research

Hitachi Construction Machinery Deal To Change "Parent" - There's Not Much There There

The Hitachi deal to sell a 26% stake in Hitachi Construction Machinery to Itochu and Japan Industrial Partners is deceptive. It is just a trade...

Travis Lundy

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