Founder at Stock Spin-off Investing, Stock Spin-Off Investing

Richard Howe

Founder at Stock Spin-off Investing

Stock Spin-Off Investing

Generate attractive returns by taking advantage of inefficiencies in the stock spin-off market.

Stock Spin-offs

Event-Driven

<ul><li><p>S&amp;P Global (SPGI) announced on April 29, 2025, its intention to spin off its Mobility division into a standalone publicly traded company.</p></li><li><p>This strategic move aims to streamline operations and allow S&amp;P Global to concentrate on its core businesses: Market Intelligence, Ratings, Commodity Insights, and Dow Jones Indices.</p><section class="figure"><figure class="editor-figure mceNonEditable"></figure></section></li><li><p>The Mobility division, which provides data and analytics to the automotive industry, generated $1.6 billion in revenue in fiscal year 2024, marking an 8% year-over-year increase.</p><section class="figure"><figure class="editor-figure mceNonEditable"></figure></section></li></ul>

S&amp;P Global (SPGI) announced on April 29, 2025, its intention to spin off its Mobility division into a standalone publicly traded company.This strategic move aims to streamline operations and allow S&amp;P Global to concentrate on its core businesses: Market Intelligence, Ratings, Commodity Insights, and Dow Jones Indices.The Mobility division, which provides data and analytics to the automotive industry, generated $1.6 billion in revenue in fiscal year 2024, marking an 8% year-over-year increase.

Weekly Update (LION, STRZ, GTX, LBTYA, WDC)

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>S&P Global reported a robust 2024, evidenced by revenue growth and improved profitability metrics.</li><li>The company reported a 15% increase in revenue, excluding the effect of divested Engineering Solutions in 2023.</li><li>Subscription products grew by 7%.</li></ul>

S&P Global reported a robust 2024, evidenced by revenue growth and improved profitability metrics.The company reported a 15% increase in revenue, excluding the effect of divested Engineering Solutions in 2023.Subscription products grew by 7%.

S&P Global: How Data, Indexes, and AI Are Shaping Its Future!

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

<ul><li>Technically, the SET Index is expected to weaken, with the support at 1,308/1,300 points and the resistance at 1,324/1,330 points.</li><li>The investment strategy remains cautious, waiting for a technical reversal signal (higher high, higher low) before entering new positions.</li><li>From a fundamental perspective, the valuation has entered an attractive zone for selective buying, with PTT, BBL, and KKP as the recommended picks.</li></ul>

Technically, the SET Index is expected to weaken, with the support at 1,308/1,300 points and the resistance at 1,324/1,330 points.The investment strategy remains cautious, waiting for a technical reversal signal (higher high, higher low) before entering new positions.From a fundamental perspective, the valuation has entered an attractive zone for selective buying, with PTT, BBL, and KKP as the recommended picks.

<ul><li>S&P Global delivered a strong performance in the third quarter of 2024, highlighted by a 16% year-over-year increase in total revenue, which marks the third consecutive quarter of accelerating revenue growth.</li><li>This performance was significantly bolstered by an 80% year-over-year increase in transaction revenue within the Ratings division.</li><li>The company's subscription products also demonstrated robust growth with an 8% increase year-over-year, underscoring the continued demand for S&P Global's diverse offerings.</li></ul>

S&P Global delivered a strong performance in the third quarter of 2024, highlighted by a 16% year-over-year increase in total revenue, which marks the third consecutive quarter of accelerating revenue growth.This performance was significantly bolstered by an 80% year-over-year increase in transaction revenue within the Ratings division.The company's subscription products also demonstrated robust growth with an 8% increase year-over-year, underscoring the continued demand for S&P Global's diverse offerings.

S&P Global Inc.: Focus On Market Intelligence & Expansion in Private Market Solutions To Improve Their Market Position! - Major Drivers

Credit

<ul><li>S&P Global demonstrated a robust performance in the second quarter of 2024, marking significant milestones and strategic advancements, achieved amidst a backdrop of market variability.</li><li>The company reported a 16% increase in total revenue, adjusted for divestitures, with highlights including a notable spike in transaction revenue in the Ratings division by over 60%.</li><li>This division's success was propelled by increased activity in the public and private markets, notably a 70% boost in private market rating services.</li></ul>

S&P Global demonstrated a robust performance in the second quarter of 2024, marking significant milestones and strategic advancements, achieved amidst a backdrop of market variability.The company reported a 16% increase in total revenue, adjusted for divestitures, with highlights including a notable spike in transaction revenue in the Ratings division by over 60%.This division's success was propelled by increased activity in the public and private markets, notably a 70% boost in private market rating services.

S&P Global Inc.: Expansion into Private Markets and Credit Indices As A New Avenue For Growth! - Major Drivers

United States

S&P Global Inc. provides clients with financial information services. The Company offers information regarding ratings, benchmarks, and analytics in the global capital and commodity markets. S&P Global operates worldwide.

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S&P Global (SPGI US)

Weekly Update (LION, STRZ, GTX, LBTYA, WDC)

S&P Global (SPGI) announced on April 29, 2025, its intention to spin off its Mobility division into a standalone publicly traded company.

Richard Howe

S&P Global: How Data, Indexes, and AI Are Shaping Its Future!

S&P Global reported a robust 2024, evidenced by revenue growth and improved profitability metrics. The company reported a 15% increase in...

Baptista Research

Global Manufacturing PMI in January

Technically, the SET Index is expected to weaken, with the support at 1,308/1,300 points and the resistance at 1,324/1,330 points. The investment...

Krungthai XSpring

S&P Global Inc.: Focus On Market Intelligence & Expansion in Private Market Solutions To Improve Their Market Position! - Major Drivers

S&P Global delivered a strong performance in the third quarter of 2024, highlighted by a 16% year-over-year increase in total revenue, which...

Baptista Research

S&P Global Inc.: Expansion into Private Markets and Credit Indices As A New Avenue For Growth! - Major Drivers

S&P Global demonstrated a robust performance in the second quarter of 2024, marking significant milestones and strategic advancements,...

Baptista Research

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