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>Proctor & Gamble's recent earnings reveals a company navigating a complex yet profitable environment.</li><li>The company announced strong sales and market share results, largely driven by the execution of its integrated strategy.</li><li>Impressively, the figures for the first three quarters of fiscal '24 indicate a raise in its outlook for core earnings per share, keeping it within fiscal year guidance ranges for organic sales growth, cash productivity and cash return to shareholders.</li></ul>

Proctor & Gamble's recent earnings reveals a company navigating a complex yet profitable environment.The company announced strong sales and market share results, largely driven by the execution of its integrated strategy.Impressively, the figures for the first three quarters of fiscal '24 indicate a raise in its outlook for core earnings per share, keeping it within fiscal year guidance ranges for organic sales growth, cash productivity and cash return to shareholders.

The Procter & Gamble Company: What Are Our Growth Expectations For P&G In A Highly Dynamic Market? - Major Drivers

<ul><li>Based on the information shared during the recent earnings, Procter & Gamble has demonstrated solid performance, accomplishing significant organic sales growth and market share results despite a challenging operating environment.</li><li>A diverse portfolio, combined with strong steps in innovation and sustainability, positions the company for continued success.</li><li>Notably, Procter & Gamble reported a strong quarter with 4% growth in organic sales and a 16% increase in core earnings per share.</li></ul>

Based on the information shared during the recent earnings, Procter & Gamble has demonstrated solid performance, accomplishing significant organic sales growth and market share results despite a challenging operating environment.A diverse portfolio, combined with strong steps in innovation and sustainability, positions the company for continued success.Notably, Procter & Gamble reported a strong quarter with 4% growth in organic sales and a 16% increase in core earnings per share.

Procter & Gamble - Continued Growth Potential In China Boosting The Top-Line? - Major Drivers

<ul><li>Procter & Gamble managed yet another all-around beat in the latest result.</li><li>The company continues to focus on innovation, delivering superior products, and driving market share growth.</li><li>Additionally, the company's pricing strategy, backed by product excellence and strong brand reputation, has been a consistent driver of growth.</li></ul>

Procter & Gamble managed yet another all-around beat in the latest result.The company continues to focus on innovation, delivering superior products, and driving market share growth.Additionally, the company's pricing strategy, backed by product excellence and strong brand reputation, has been a consistent driver of growth.

Procter & Gamble: How Its Superior Brand Power Is Winning Over Consumers! – Key Drivers

<ul><li>Procter & Gamble surpassed the revenue and earnings expectations of Wall Street.</li><li>Growth was widespread across the company's segments, with organic sales increasing in all ten product categories.</li><li>Fabric Care, Home Care, and Hair Care increased by high single digits, while Skin and Personal Care, Baby Care, Family Care, and Grooming increased by mid-singles.</li></ul>

Procter & Gamble surpassed the revenue and earnings expectations of Wall Street.Growth was widespread across the company's segments, with organic sales increasing in all ten product categories.Fabric Care, Home Care, and Hair Care increased by high single digits, while Skin and Personal Care, Baby Care, Family Care, and Grooming increased by mid-singles.

Procter & Gamble: The Driving Force Behind their Amazing Organic Sales! – Key Drivers

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>Bloomberg <a href="https://www.bloomberg.com/news/articles/2023-11-10/asia-pulp-paper-is-said-to-bid-for-stake-in-tissue-maker-vinda#xj4y7vzkg" target="_blank" rel="noopener">reported</a> Asia Pulp &amp; Paper is the latest party to have expressed interest in acquiring <a href="https://www.smartkarma.com/entities/essity-ab" target="_blank" data-smartkarma-citation="entities:28203:1" rel="noopener">Essity (ESSITYB SS)</a>’s controlling <a href="https://www.smartkarma.com/entities/vinda-international-holdings-limited" target="_blank" data-smartkarma-citation="entities:475:1" rel="noopener">Vinda International (3331 HK)</a> stake at more than HK$20 per share.</li>
<li>Vinda has three substantial shareholders. We think the most likely structure is a bidder acquiring Essity’s stake, which would trigger a mandatory general offer.</li>
<li>Vinda's recent update points to improving growth and margins. Peers and historical multiples imply a fair price range of HK$21-26 per share, a 7-32% premium to the last close.</li>
</ul>


Bloomberg reported Asia Pulp &amp; Paper is the latest party to have expressed interest in acquiring Essity (ESSITYB SS)’s controlling Vinda International (3331 HK) stake at more than HK$20 per share.
Vinda has three substantial shareholders. We think the most likely structure is a bidder acquiring Essity’s stake, which would trigger a mandatory general offer.
Vinda's recent update points to improving growth and margins. Peers and historical multiples imply a fair price range of HK$21-26 per share, a 7-32% premium to the last close.


Vinda International (3331 HK): Essity’s Stake Attracts More Potential Bidders

United States

The Procter & Gamble Company manufactures and markets consumer products in countries throughout the world. The Company provides products in the laundry and cleaning, paper, beauty care, food and beverage, and health care segments. Procter & Gamble products are sold primarily through mass merchandisers, grocery stores, membership club stores, drug stores, and neighborhood stores.

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Procter & Gamble Co (PG US)

The Procter & Gamble Company: What Are Our Growth Expectations For P&G In A Highly Dynamic Market? - Major Drivers

Proctor & Gamble's recent earnings reveals a company navigating a complex yet profitable environment. The company announced strong sales and...

Baptista Research

Procter & Gamble - Continued Growth Potential In China Boosting The Top-Line? - Major Drivers

Based on the information shared during the recent earnings, Procter & Gamble has demonstrated solid performance, accomplishing significant...

Baptista Research

Procter & Gamble: How Its Superior Brand Power Is Winning Over Consumers! – Key Drivers

Procter & Gamble managed yet another all-around beat in the latest result. The company continues to focus on innovation, delivering superior...

Baptista Research

Procter & Gamble: The Driving Force Behind their Amazing Organic Sales! – Key Drivers

Procter & Gamble surpassed the revenue and earnings expectations of Wall Street. Growth was widespread across the company's segments, with...

Baptista Research

Vinda International (3331 HK): Essity’s Stake Attracts More Potential Bidders

Vinda’s improving performance has supported the increasing list of potential bidders. The most likely bid structure is the acquisition of Essity’s...

Arun George

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