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>SAP SE delivered a disappointing set of results as the company could not meet the revenue and earnings expectations of Wall Street.</li><li>In Q3, SAP achieved impressive cloud growth.</li><li>The transformative potential of business AI, driven by SAP, is just beginning and promises to reshape the business world.</li></ul>

SAP SE delivered a disappointing set of results as the company could not meet the revenue and earnings expectations of Wall Street.In Q3, SAP achieved impressive cloud growth.The transformative potential of business AI, driven by SAP, is just beginning and promises to reshape the business world.

SAP SE: The Game Changer in Business Transformation! – Major Drivers

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.

Bangkok Dusit Medical Services / Equity Bottom-Up

<ul><li>Technically, the SET Index is expected to fluctuate, with the support at 1,540 points/1,529 points (the gap opened on August 21) and the resistance at 1,550 points (10-day EMA)/1,556 points.</li><li>The market will focus on the first Cabinet meeting of the new government.</li><li>Externally, we will be monitoring the US CPI in August, which is likely to accelerate for the third consecutive month, possibly prompting the Fed to keep the fed funds rate high for a longer duration.</li></ul>

Technically, the SET Index is expected to fluctuate, with the support at 1,540 points/1,529 points (the gap opened on August 21) and the resistance at 1,550 points (10-day EMA)/1,556 points.The market will focus on the first Cabinet meeting of the new government.Externally, we will be monitoring the US CPI in August, which is likely to accelerate for the third consecutive month, possibly prompting the Fed to keep the fed funds rate high for a longer duration.

Krungthai XSpring Zoom Eng. September 13, 2023

<ul><li>SAP delivered a mixed set of results in its most recent result with revenues above Wall Street expectations but below-par earnings.</li><li>RISE with SAP and GROW with SAP have been well-received offerings, driving significant cross and upsell opportunities across their portfolio.</li><li>SAP's approach with SAP Business AI is unmatched in the industry, delivering relevant, reliable, and responsible AI solutions to customers, with plans to introduce new premium RISE offerings and an uplift of up to 30% in the fall.</li></ul>

SAP delivered a mixed set of results in its most recent result with revenues above Wall Street expectations but below-par earnings.RISE with SAP and GROW with SAP have been well-received offerings, driving significant cross and upsell opportunities across their portfolio.SAP's approach with SAP Business AI is unmatched in the industry, delivering relevant, reliable, and responsible AI solutions to customers, with plans to introduce new premium RISE offerings and an uplift of up to 30% in the fall.

SAP SE ADR: Carbon Footprint Management Offering & Other Developments

<ul><li>SAP delivered a highly disappointing set of results failing to meet the revenue expectations as well as the earnings expectations of Wall Street.</li><li>The current cloud backlog and cloud revenue for S/4HANA increased by 79% which is why Q1 revenue increased by 9% overall.</li><li>Their SaaS and PaaS portfolios continued to expand by 25%, with SaaS cloud revenue increasing by 22% and PaaS cloud revenue increasing by 45%.</li></ul>

SAP delivered a highly disappointing set of results failing to meet the revenue expectations as well as the earnings expectations of Wall Street.The current cloud backlog and cloud revenue for S/4HANA increased by 79% which is why Q1 revenue increased by 9% overall.Their SaaS and PaaS portfolios continued to expand by 25%, with SaaS cloud revenue increasing by 22% and PaaS cloud revenue increasing by 45%.

SAP SE: Cloud Backlog Shoots Up But Is It Enough? – Key Drivers

<ul><li>SAP delivered a mixed set of results in the final quarter of 2022 as it surpassed the revenue expectations of Wall Street but missed out on earnings.</li><li>This year, cloud revenue also surpassed support revenue to become SAP's single-largest revenue stream.</li><li>Their overall SaaS and PaaS portfolio grew significantly, with SaaS cloud revenue increasing by 25% and PaaS cloud revenue increasing by 45%.</li></ul>

SAP delivered a mixed set of results in the final quarter of 2022 as it surpassed the revenue expectations of Wall Street but missed out on earnings.This year, cloud revenue also surpassed support revenue to become SAP's single-largest revenue stream.Their overall SaaS and PaaS portfolio grew significantly, with SaaS cloud revenue increasing by 25% and PaaS cloud revenue increasing by 45%.

SAP SE ADR: Launch Of SAP Build & Other Drivers

United States

SAP SE is a multinational software company.  The Company develops business software, including e-business and enterprise management software, consults on organizational usage of its applications software, and provides training services.  SAP markets its products and services worldwide.

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Sap Se Sponsored Adr (SAP US)

SAP SE: The Game Changer in Business Transformation! – Major Drivers

SAP SE delivered a disappointing set of results as the company could not meet the revenue and earnings expectations of Wall Street. In Q3, SAP...

Baptista Research

Krungthai XSpring Zoom Eng. September 13, 2023

Technically, the SET Index is expected to fluctuate, with the support at 1,540 points/1,529 points (the gap opened on August 21) and the...

Krungthai XSpring

SAP SE ADR: Carbon Footprint Management Offering & Other Developments

SAP delivered a mixed set of results in its most recent result with revenues above Wall Street expectations but below-par earnings. RISE with SAP...

Baptista Research

SAP SE: Cloud Backlog Shoots Up But Is It Enough? – Key Drivers

SAP delivered a highly disappointing set of results failing to meet the revenue expectations as well as the earnings expectations of Wall...

Baptista Research

SAP SE ADR: Launch Of SAP Build & Other Drivers

SAP delivered a mixed set of results in the final quarter of 2022 as it surpassed the revenue expectations of Wall Street but missed out on...

Baptista Research

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