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>Southern Copper Corporation had a great quarter despite several economic difficulties and managed an all-around beat.</li><li>The company's other open pit operations reported a decrease in annual copper production, with the exception of the Buenavista operation, where production levels were higher than those in 2021.</li><li>We give Southern Copper Corporation a 'Hold' rating with a revised target price.</li></ul>

Southern Copper Corporation had a great quarter despite several economic difficulties and managed an all-around beat.The company's other open pit operations reported a decrease in annual copper production, with the exception of the Buenavista operation, where production levels were higher than those in 2021.We give Southern Copper Corporation a 'Hold' rating with a revised target price.

Southern Copper Corporation: The Best Copper Stock To Own? – Key Drivers

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>In August, <a href="https://www.smartkarma.com/entities/bhp-group-ltd" target="_blank" data-smartkarma-citation="entities:147:1" rel="noopener">BHP Group Ltd (BHP AU)</a> launched a $25/share bid - a price it saw as attractive and what target <a href="https://www.smartkarma.com/entities/oz-minerals-ltd" target="_blank" data-smartkarma-citation="entities:1138:1" rel="noopener">OZ Minerals Ltd (OZL AU)</a> saw as opportunistic. </li>
<li>Copper had fallen, and peer stock prices had fallen too. Since then, copper has rebounded and peers have too so what was a 25-30% premium no longer exists.</li>
<li>This means the price of OZL should "enjoy" different dynamics going forward.</li>
</ul>


In August, BHP Group Ltd (BHP AU) launched a $25/share bid - a price it saw as attractive and what target OZ Minerals Ltd (OZL AU) saw as opportunistic. 
Copper had fallen, and peer stock prices had fallen too. Since then, copper has rebounded and peers have too so what was a 25-30% premium no longer exists.
This means the price of OZL should "enjoy" different dynamics going forward.


OZ Minerals (OZL) - Copper and Comps Have Caught Up

<ul><li>With an improving outlook for copper given its critical role in energy storage and transport, Southern Copper is expected to be a major beneficiary in the long run.</li><li>Southern Copper did have an interesting set of developments despite a rather disappointing result.</li><li>The company has signed an agreement with the Michiquillay copper project at the cost of $400 million in Cajamarca, Peru.</li></ul>

With an improving outlook for copper given its critical role in energy storage and transport, Southern Copper is expected to be a major beneficiary in the long run.Southern Copper did have an interesting set of developments despite a rather disappointing result.The company has signed an agreement with the Michiquillay copper project at the cost of $400 million in Cajamarca, Peru.

Southern Copper Corporation: Diamond Drilling Reconnaissance In San Lorenzo & Other Drivers

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

<ul>
<li>Market dynamics remain largely constructive and we are now seeing meaningful improvement within emerging markets (EEM-US) as the Hang Seng index displays bullish price and relative strength (RS) reversals.</li>
<li>Brent and WTI crude oil are hitting 8-year highs, base metals are bullishly inflecting, and critical supports are holding on the broad global indexes.</li>
<li>Sticking with the theme from last week when we recommended Energy and Financials, two more Sectors that stand to benefit from rising rates include Materials and Industrials/Manufacturing -- add exposure.</li>
</ul>


Market dynamics remain largely constructive and we are now seeing meaningful improvement within emerging markets (EEM-US) as the Hang Seng index displays bullish price and relative strength (RS) reversals.
Brent and WTI crude oil are hitting 8-year highs, base metals are bullishly inflecting, and critical supports are holding on the broad global indexes.
Sticking with the theme from last week when we recommended Energy and Financials, two more Sectors that stand to benefit from rising rates include Materials and Industrials/Manufacturing -- add exposure.


Sticking With Value; Buying Materials & Industrials

<p>The weight of the evidence continues to point to global equities beginning a new leg higher as the global economy shows signs of troughing. Copper prices are also showing signs of bottoming and should continue to benefit from an improving global economy. In this report we lay out what we believe is a timely and compelling case to add exposure to copper miners at current levels, and offer several, attractive investment candidates.</p>

The weight of the evidence continues to point to global equities beginning a new leg higher as the global economy shows signs of troughing. Copper prices are also showing signs of bottoming and should continue to benefit from an improving global economy. In this report we lay out what we believe is a timely and compelling case to add exposure to copper miners at current levels, and offer several, attractive investment candidates.

Copper Miners Are Bottoming -- Add Exposure

United States

Southern Copper Corporation conducts mining operations in Peru and Mexico.  The Company owns and operates open pit mines and metallurgical complexes that produce copper, molybdenum, zinc, and precious metals.

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Southern Copper (SCCO US)

Southern Copper Corporation: The Best Copper Stock To Own? – Key Drivers

Southern Copper Corporation had a great quarter despite several economic difficulties and managed an all-around beat. The company's other open pit...

Baptista Research

OZ Minerals (OZL) - Copper and Comps Have Caught Up

BHP bid for OZL at a premium to market, to peer and copper-implied fair. Since then, copper and peers have rebounded. OZL is no longer trading with...

Travis Lundy

Southern Copper Corporation: Diamond Drilling Reconnaissance In San Lorenzo & Other Drivers

With an improving outlook for copper given its critical role in energy storage and transport, Southern Copper is expected to be a major...

Baptista Research

Sticking With Value; Buying Materials & Industrials

Sticking with the theme from last week when we recommended Energy and Financials, two more Sectors that stand to benefit from rising rates include...

Vermilion Research

Copper Miners Are Bottoming -- Add Exposure

The weight of the evidence continues to point to global equities beginning a new leg higher as the global economy shows signs of troughing. Copper...

Vermilion Research

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