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>Qorvo had a reasonably good fiscal year with the revenue outperformance driven by 5G, IoT connectivity, defence, and power.</li><li>The company’s core segment of Mobile Products saw a sequential revenue jump due to increased flagship volumes and 5G content.</li><li>Infrastructure and Defense Products revenue increased by double digits both year over year and sequentially given Qorvo’s broad-based strength across the product portfolio and customer base.</li></ul>

Qorvo had a reasonably good fiscal year with the revenue outperformance driven by 5G, IoT connectivity, defence, and power.The company’s core segment of Mobile Products saw a sequential revenue jump due to increased flagship volumes and 5G content.Infrastructure and Defense Products revenue increased by double digits both year over year and sequentially given Qorvo’s broad-based strength across the product portfolio and customer base.

Qorvo Inc.: Initiation of Coverage – Business Model

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

Our outlook remains status quo: we are bullish and we believe the path of least resistance remains higher. In today’s report we highlight attractive Groups and stocks within Technology: Semiconductor, Mid-Cap, Semiconductor Equip., Large/Mid-Cap, Semiconductor Equip., Small-Cap, and Software, Internet.

Our outlook remains status quo: we are bullish and we believe the path of least resistance remains higher. In today’s report we highlight attractive Groups and stocks within Technology: Semiconductor, Mid-Cap, Semiconductor Equip., Large/Mid-Cap, Semiconductor Equip., Small-Cap, and Software, Internet.

U. S. Equity Strategy: Status Quo: Bullish Outlook Intact

Taiwan Specialist

Julia Chien

Equity Bottom-Up

King Yuan Electronics Co, Ltd. / Equity Bottom-Up

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<ul>
<li>In my previous report, "<a href="https://www.smartkarma.com/insights/it-s-the-year-of-the-mouse-bizlink-holding-inc-3665-tt-an-exclusive-harness-supplier-to-tesla" target="_blank" rel="noopener">It's The Year Of The "MOUSE", </a> our top investment themes for the Year of the Mouse are: Medical technology, Opportunity, Utilities, Semiconductor, Electrical Vehicle. <a href="https://www.smartkarma.com/entities/king-yuan-electronics-co-ltd" target="_blank" data-smartkarma-citation="entities:6630:1" rel="noopener">King Yuan Electronics Co, Ltd. (2449 TT)</a> (KYEC) is the key stock exposed to our Semiconductor theme.</li>
</ul>
</div>
In our view, KYEC embraces 5G migration cycle at infrastructure base stations and smartphones, as well as many other IoT devices, RF filter/PA, CMOS image sensors and server chips. We expect KYEC to post double digit YoY revenue growth in 2020. As such, we initiate coverage on KYEC with a Buy call and 12-month TP of TWD50.



In my previous report, "It's The Year Of The "MOUSE",  our top investment themes for the Year of the Mouse are: Medical technology, Opportunity, Utilities, Semiconductor, Electrical Vehicle. King Yuan Electronics Co, Ltd. (2449 TT) (KYEC) is the key stock exposed to our Semiconductor theme.


In our view, KYEC embraces 5G migration cycle at infrastructure base stations and smartphones, as well as many other IoT devices, RF filter/PA, CMOS image sensors and server chips. We expect KYEC to post double digit YoY revenue growth in 2020. As such, we initiate coverage on KYEC with a Buy call and 12-month TP of TWD50.

King Yuan Electronics Co(2449 TT) - Time To Buy On Robust Demand For 5G, AI, and CMOS Image Sensor

Our view remains bullish as long as the S&amp;P 500 is above the 2940-2980 support zone and we suggest buying any dips. Additionally, 3076 is a short-term support level to watch on the S&amp;P 500; if 3076 holds it would be further confirmation that the bulls are still in charge. In today’s report we highlight attractive Groups and stocks within Technology: Semiconductors, Mid-Cap, Semiconductor Equip., Large/Mid-Cap, Software, Data Analysis &amp; Solutions, Software, E-Commerce.

Our view remains bullish as long as the S&amp;P 500 is above the 2940-2980 support zone and we suggest buying any dips. Additionally, 3076 is a short-term support level to watch on the S&amp;P 500; if 3076 holds it would be further confirmation that the bulls are still in charge. In today’s report we highlight attractive Groups and stocks within Technology: Semiconductors, Mid-Cap, Semiconductor Equip., Large/Mid-Cap, Software, Data Analysis &amp; Solutions, Software, E-Commerce.

U.S. Equity Strategy: S&P 500 A Coiled Spring

In today's report we highlight key levels and several metrics we are watching that will provide us clues as to where the S&amp;P 500 is headed next. We also highlight several attractive stocks from a relative strength perspective across Sectors.

In today's report we highlight key levels and several metrics we are watching that will provide us clues as to where the S&amp;P 500 is headed next. We also highlight several attractive stocks from a relative strength perspective across Sectors.

U.S. Equities: Upside Momentum Lost, But Not Breaking Down

United States

Qorvo Inc, designs, develops, manufactures, and markets a variety of high performance analog and mixed signal integrated circuits for the communications markets. The Company's products are used for wireless communications applications such as cellular and PCS, cordless telephony, wireless LANs, industrial radios, wireless security and remote meter reading.

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Qorvo Inc (QRVO US)

Qorvo Inc.: Initiation of Coverage – Business Model

Qorvo had a reasonably good fiscal year with the revenue outperformance driven by 5G, IoT connectivity, defence, and power. The company’s core...

Baptista Research

U. S. Equity Strategy: Status Quo: Bullish Outlook Intact

Our outlook remains status quo: we are bullish and we believe the path of least resistance remains higher. In today’s report we highlight...

Vermilion Research

King Yuan Electronics Co(2449 TT) - Time To Buy On Robust Demand For 5G, AI, and CMOS Image Sensor

In my previous report, "It's The Year Of The "MOUSE", our top investment themes for the Year of the Mouse are: Medical technology, Opportunity,...

Julia Chien

U.S. Equity Strategy: S&P 500 A Coiled Spring

Our view remains bullish as long as the S&P 500 is above the 2940-2980 support zone and we suggest buying any dips. Additionally, 3076 is a...

Vermilion Research

U.S. Equities: Upside Momentum Lost, But Not Breaking Down

In today's report we highlight key levels and several metrics we are watching that will provide us clues as to where the S&P 500 is headed...

Vermilion Research

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