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>Publicis Groupe delivered robust financial performance in 2024, marking a distinctive year for the company.</li><li>The organization achieved an organic growth rate of 5.8%, outperforming its peers and establishing Publicis as the largest advertising network globally by net revenue.</li><li>The company's financial achievements were bolstered by strategic investments in AI and talent, reinforcing its competitive positioning in the industry.</li></ul>

Publicis Groupe delivered robust financial performance in 2024, marking a distinctive year for the company.The organization achieved an organic growth rate of 5.8%, outperforming its peers and establishing Publicis as the largest advertising network globally by net revenue.The company's financial achievements were bolstered by strategic investments in AI and talent, reinforcing its competitive positioning in the industry.

Publicis Groupe: Initiation of Coverage- Expanding Influence in Pharma Sector & 3 Critical Growth Levers!

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

<ul>
<li>The ES50 Index is one of the most highly-tracked indices in Europe and the annual index review takes place in September every year.</li>
<li>In this insight, we take a look at Quiddity's estimation of the latest ranks of potential ADDs and DELs for the upcoming index rebal event in September 2024.</li>
<li>We have been tracking these movements for several months and it seemed like index changes were unlikely to take place but our expectations have changed now.</li>
</ul>


The ES50 Index is one of the most highly-tracked indices in Europe and the annual index review takes place in September every year.
In this insight, we take a look at Quiddity's estimation of the latest ranks of potential ADDs and DELs for the upcoming index rebal event in September 2024.
We have been tracking these movements for several months and it seemed like index changes were unlikely to take place but our expectations have changed now.


Quiddity Leaderboard ES50 Sep 24: Billion Dollar Flows Now in the Money

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Event-Driven

<ul>
<li>Yesterday 14 February, Dentsu announced bte profits, and guidance for 2022 which appears in-line to slightly strong in terms of revenue, slightly weak/conservative in terms of IFRS/GAAP OP.</li>
<li>The company also announced what appears to be a BIG buyback. </li>
<li>Looks are deceiving, but somehow not, but there are catches in both directions. If you have a flow axe, it is worth knowing the flow details.</li>
</ul>


Yesterday 14 February, Dentsu announced bte profits, and guidance for 2022 which appears in-line to slightly strong in terms of revenue, slightly weak/conservative in terms of IFRS/GAAP OP.
The company also announced what appears to be a BIG buyback. 
Looks are deceiving, but somehow not, but there are catches in both directions. If you have a flow axe, it is worth knowing the flow details.


Dentsu BIG Buyback - Both Larger and Smaller Than It Appears

Amareos

Federico Bagiotti, CFA

Over the past few months, the M part of the US TMT sector has not been particularly brilliant, especially in comparison to the second T, and Omnicom Group, an advertising, marketing and media communication company, has been even more disappointing than the sector as a whole.In light of the Q4 revenue miss, we consider the outlook for Omnicom’s stock price based on the recent evolution in our crowd-sourced sentiment indicators. They suggest that the CEO’s comment about “better days ahead” in…

Over the past few months, the M part of the US TMT sector has not been particularly brilliant, especially in comparison to the second T, and Omnicom Group, an advertising, marketing and media communication company, has been even more disappointing than the sector as a whole.In light of the Q4 revenue miss, we consider the outlook for Omnicom’s stock price based on the recent evolution in our crowd-sourced sentiment indicators. They suggest that the CEO’s comment about “better days ahead” in…

Japan TMT Analyst

Pelham Smithers

Market Intel on Asian Tech with a Japan focus

Pelham Smithers Associates

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

Research is provided by the following:
Pelham Smithers: Macro, consumer electronics, telecoms & pharma
Joel Scheiman: Electronics materials / components
Julie Boote: Autos
Will Nestuk: Capital goods, machinery & transportation equipment parts
Thao Nguyen: eCommerce, internet content, marketing & advertising

One of the really extraordinary features of the discussion over the <a href="https://www.smartkarma.com/entities/8715" target="_blank" data-smartkarma-citation="entities:8715:1">Asatsu DK (9747 JP)</a> bid is the lack of discussion about a counter bid by <a href="https://www.smartkarma.com/entities/22213" target="_blank" data-smartkarma-citation="entities:22213:1">WPP (WPP LN)</a>, arguably the most acquisitive firm the creative industry has ever seen. Presumably there are terms in the original agreement that prevent such a bid, but with Asatsu terminating the agreement, it isn't easy to see how the terms can be enforced (assuming that Asatsu's move does prove to be legal).The only article that I have seen that even…

One of the really extraordinary features of the discussion over the Asatsu DK (9747 JP) bid is the lack of discussion about a counter bid by WPP (WPP LN), arguably the most acquisitive firm the creative industry has ever seen. Presumably there are terms in the original agreement that prevent such a bid, but with Asatsu terminating the agreement, it isn't easy to see how the terms can be enforced (assuming that Asatsu's move does prove to be legal).The only article that I have seen that even…

Asatsu (9747) - Are Chances of a Counter Bid Being Underplayed?

France

Publicis Groupe SA offers advertising services.  The Company develops advertising campaigns and sells advertising on billboards and urban furniture, in newspapers and magazines, on radio, and in movie theaters.  Publicis offers direct marketing, customer relationship marketing, sales promotion, public relations and human resources services, and operates retail drugstores.

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Publicis Groupe Sa (PUB FP)

Publicis Groupe: Initiation of Coverage- Expanding Influence in Pharma Sector & 3 Critical Growth Levers!

Publicis Groupe delivered robust financial performance in 2024, marking a distinctive year for the company. The organization achieved an organic...

Baptista Research

Quiddity Leaderboard ES50 Sep 24: Billion Dollar Flows Now in the Money

There could be 23 days of volume to buy in DSM-Firmenich and 15 days of volume to sell in Nokia as things stand. However, this is a low-conviction...

Janaghan Jeyakumar, CFA

Dentsu BIG Buyback - Both Larger and Smaller Than It Appears

Dentsu (4324) announced earnings and a large buyback. That buyback is larger than it appears, but actually smaller, but then larger again, but it...

Travis Lundy

Omnicom Group: Better Days Ahead?

Over the past few months, the M part of the US TMT sector has not been particularly brilliant, especially in comparison to the second T, and...

Amareos

Asatsu (9747) - Are Chances of a Counter Bid Being Underplayed?

One of the really extraordinary features of the discussion over the Asatsu DK (9747 JP) bid is the lack of discussion about a counter bid by WPP...

Pelham Smithers Associates

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