Research Firm with a Qualitative Overlay, Pearl Gray Equity and Research

Pearl Gray Equity and Research

Research Firm with a Qualitative Overlay

Quantitative fund & research firm with a qualitative overlay. 

Our coverage: General U.S. with a skew towards the primary sector. 

Methods: Smart Beta/Factor Pricing, Neural Networks, Street Gossip, and Common Sense.

Equity Bottom-Up

<ul>
<li>Digital Turbine, Inc.'s misfortunes are about to pivot, providing ad spending reverts to its average growth trajectory.</li>
<li>The company has a novel business model, and constant expansion by integrating growth ideas such as a Shopify-esque platform could yield substantial financial benefits, according to the company.</li>
<li>Digital Turbine, Inc. (NASDAQ:APPS) stock has suffered from a trying time during the past year, conveyed by its more than 70% year-over-year drawdown.</li>
</ul>


Digital Turbine, Inc.'s misfortunes are about to pivot, providing ad spending reverts to its average growth trajectory.
The company has a novel business model, and constant expansion by integrating growth ideas such as a Shopify-esque platform could yield substantial financial benefits, according to the company.
Digital Turbine, Inc. (NASDAQ:APPS) stock has suffered from a trying time during the past year, conveyed by its more than 70% year-over-year drawdown.


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.

<ul><li>Shopify delivered an all-around beat in the previous quarter and ended 2022 on a positive note.</li><li>The company introduced Shopify Audiences, Shopify Collabs, POS Go, Tap to Pay, integrated Twitter Shopping and YouTube channels, and continued to expand the Shop app to make it simpler for retailers to interact with and develop relationships with customers.</li><li>They also introduced Shopify Markets and Markets Pro.</li></ul>

Shopify delivered an all-around beat in the previous quarter and ended 2022 on a positive note.The company introduced Shopify Audiences, Shopify Collabs, POS Go, Tap to Pay, integrated Twitter Shopping and YouTube channels, and continued to expand the Shop app to make it simpler for retailers to interact with and develop relationships with customers.They also introduced Shopify Markets and Markets Pro.

Shopify Inc.: Introduction Of Commerce Components & Other Developments

<ul>
<li>Wix.com Ltd. trumps earnings, suggesting its business model is taking off amid robust growth in the SME space.</li>
<li>The company has yet to achieve profitability, but its up-the-line margins are improving.</li>
<li>Website building tool Wix.com Ltd. (WIX) beat its fourth-quarter earnings estimates on Wednesday, illustrating continued progress with a model suitable to today's business environment. 
</li>
</ul>


Wix.com Ltd. trumps earnings, suggesting its business model is taking off amid robust growth in the SME space.
The company has yet to achieve profitability, but its up-the-line margins are improving.
Website building tool Wix.com Ltd. (WIX) beat its fourth-quarter earnings estimates on Wednesday, illustrating continued progress with a model suitable to today's business environment. 



Wix.com Beat Q4 Earnings, Prospects Are Bright

APAC IPOs & Placements, Aequitas Research

Ethan Aw

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/oasis-corp-of-korea" target="_blank" data-smartkarma-citation="entities:36074:1" rel="noopener">OASIS Corp (370190 KS)</a> is looking to raise up to US$166m in its upcoming Korea IPO.</li>
<li>Oasis Corporation is an early morning delivery service business that delivers fresh food to consumers. It runs an e-commerce platform named ‘Oasis Market’ as well as offline stores.</li>
<li>In our previous notes, we looked at the company’s past performance and peer comparison. In this note, we talk about valuations.</li>
</ul>



OASIS Corp (370190 KS) is looking to raise up to US$166m in its upcoming Korea IPO.
Oasis Corporation is an early morning delivery service business that delivers fresh food to consumers. It runs an e-commerce platform named ‘Oasis Market’ as well as offline stores.
In our previous notes, we looked at the company’s past performance and peer comparison. In this note, we talk about valuations.


Oasis Corporation IPO - Thoughts on Valuation

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

<ul>
<li>In this insight, we discuss an update of pair trade between Emart (long) and Coupang (short). </li>
<li>Back on 1 August 2022, we recommended a pair trade between E Mart Inc (139480 KS) (long) and Coupang (CPNG US) (short).</li>
<li>This pair trade has worked well in the past five months and we continue to like this pair trade (long Emart and short Coupang).</li>
</ul>


In this insight, we discuss an update of pair trade between Emart (long) and Coupang (short). 
Back on 1 August 2022, we recommended a pair trade between E Mart Inc (139480 KS) (long) and Coupang (CPNG US) (short).
This pair trade has worked well in the past five months and we continue to like this pair trade (long Emart and short Coupang).


An Update to Our Pair Trade Between Emart & Coupang

Canada

Shopify Inc. provides a cloud-based commerce platform. The Company offers a platform for merchants to create an omni-channel experience that helps showcase the merchant's brand. Shopify serves customers in Canada.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Shopify (SHOP CN)

Digital Turbine: A Pivot Is In Sight

Digital Turbine, Inc. (NASDAQ:APPS) stock has suffered from a trying time during the past year, conveyed by its more than 70% year-over-year drawdown.

Pearl Gray Equity and Research

Shopify Inc.: Introduction Of Commerce Components & Other Developments

Shopify delivered an all-around beat in the previous quarter and ended 2022 on a positive note. The company introduced Shopify Audiences, Shopify...

Baptista Research

Wix.com Beat Q4 Earnings, Prospects Are Bright

Website building tool Wix.com Ltd. (WIX) beat its fourth-quarter earnings estimates on Wednesday, illustrating continued progress with a model...

Pearl Gray Equity and Research

Oasis Corporation IPO - Thoughts on Valuation

OASIS Corp (370190 KS) is looking to raise up to US$166m in its upcoming Korea IPO. Previously, we looked at the company’s past performance and...

Ethan Aw

An Update to Our Pair Trade Between Emart & Coupang

We discuss an update of pair trade between Emart (long) and Coupang (short). Emart is a value stock with its shares trading at 0.2x P/B (2023)....

Douglas Kim

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)