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>TD SYNNEX delivered strong results in the third quarter of its fiscal 2025, showcasing significant growth in several key financial metrics and segments of its business.</li><li>The company's consolidated gross billings reached $22.7 billion, marking a 12% year-over-year increase, or 10% on a constant currency basis.</li><li>This performance was reinforced by the higher-than-expected non-GAAP diluted earnings per share of $3.58, representing a notable 25% rise from the previous year.</li></ul>

TD SYNNEX delivered strong results in the third quarter of its fiscal 2025, showcasing significant growth in several key financial metrics and segments of its business.The company's consolidated gross billings reached $22.7 billion, marking a 12% year-over-year increase, or 10% on a constant currency basis.This performance was reinforced by the higher-than-expected non-GAAP diluted earnings per share of $3.58, representing a notable 25% rise from the previous year.

TD SYNNEX Is Betting Big on Cybersecurity – Will It Become the Go-To Partner for Digital Defense?

<ul><li>TD SYNNEX Corporation's recent financial performance and forward-looking statements offer a mixed picture for investors.</li><li>On the positive side, the company reported strong growth across several key business segments in its First Quarter of Fiscal 2025 earnings.</li><li>Gross billings increased by 7.5% year-over-year and by 9.5% in constant currency terms, indicating robust demand for its products and services.</li></ul>

TD SYNNEX Corporation's recent financial performance and forward-looking statements offer a mixed picture for investors.On the positive side, the company reported strong growth across several key business segments in its First Quarter of Fiscal 2025 earnings.Gross billings increased by 7.5% year-over-year and by 9.5% in constant currency terms, indicating robust demand for its products and services.

TD SYNNEX: 5 Major Risks That Could Undermine Its 2025 Strategy!

External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

<ul><li>SNX is a global IT distributor acting as a middleman between hardware, software, and cloud vendors and IT VARs</li><li>The company is expected to benefit from a recovery in IT hardware spend and has growth potential in its Hyve division, which manufactures white box servers</li><li>The stock is currently undervalued and has potential for a 35% increase in value, with a shareholder-friendly capital allocation program and expected organic net income growth for strong future returns for investors.</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>

SNX is a global IT distributor acting as a middleman between hardware, software, and cloud vendors and IT VARsThe company is expected to benefit from a recovery in IT hardware spend and has growth potential in its Hyve division, which manufactures white box serversThe stock is currently undervalued and has potential for a 35% increase in value, with a shareholder-friendly capital allocation program and expected organic net income growth for strong future returns for investors.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Td Synnex Corporation (SNX) - Monday, Nov 4, 2024

<ul><li>TD SYNNEX Corporation's fourth quarter and full fiscal year 2024 earnings highlight a mixed performance with both positive and negative aspects for investors to consider.</li><li>During the fourth quarter, TD SYNNEX experienced a 10% year-over-year revenue increase, with gross billings up by 7%, which surpassed the company's internal expectations.</li><li>This growth was largely spurred by strength in the Endpoint Solutions, driven by robust demand for PCs, as well as double-digit growth observed across its cloud, cybersecurity, and data and analytics portfolios.</li></ul>

TD SYNNEX Corporation's fourth quarter and full fiscal year 2024 earnings highlight a mixed performance with both positive and negative aspects for investors to consider.During the fourth quarter, TD SYNNEX experienced a 10% year-over-year revenue increase, with gross billings up by 7%, which surpassed the company's internal expectations.This growth was largely spurred by strength in the Endpoint Solutions, driven by robust demand for PCs, as well as double-digit growth observed across its cloud, cybersecurity, and data and analytics portfolios.

TD SYNNEX: The Top 7 Factors Influencing Its Performance In 2025 & Beyond! - 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.

Thematic (Sector/Industry)

<ul><li>The SET Index is expected to trade sideways up today, though momentum is likely to moderate.</li><li>The Cabinet has approved the Khon La Khrueng Plus scheme with a total budget of Bt44bn (in line with expectations).</li><li>The MPC meeting will be held today, with the outcome expected around 2:00 p.m. Bloomberg Consensus expects the policy rate to be cut from 1.50% to 1.25%, the lowest level in three years.</li></ul>

The SET Index is expected to trade sideways up today, though momentum is likely to moderate.The Cabinet has approved the Khon La Khrueng Plus scheme with a total budget of Bt44bn (in line with expectations).The MPC meeting will be held today, with the outcome expected around 2:00 p.m. Bloomberg Consensus expects the policy rate to be cut from 1.50% to 1.25%, the lowest level in three years.

Krungthai XSpring Zoom Eng. October 8, 2025

United States

SYNNEX Corporation provides information technology supply chain services.  The Company offers services to original equipment manufacturers and software publishers worldwide.  SYNNEX offers product distribution, related logistics services, and contract assembly.

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Synnex Corp (SNX US)

TD SYNNEX Is Betting Big on Cybersecurity – Will It Become the Go-To Partner for Digital Defense?

TD SYNNEX delivered strong results in the third quarter of its fiscal 2025, showcasing significant growth in several key financial metrics and...

Baptista Research

TD SYNNEX: 5 Major Risks That Could Undermine Its 2025 Strategy!

TD SYNNEX Corporation's recent financial performance and forward-looking statements offer a mixed picture for investors. On the positive side, the...

Baptista Research

Td Synnex Corporation (SNX) - Monday, Nov 4, 2024

The company is expected to benefit from a recovery in IT hardware spend and has growth potential in its Hyve division, which manufactures white box...

Value Investors Club (VIC)

TD SYNNEX: The Top 7 Factors Influencing Its Performance In 2025 & Beyond! - Major Drivers

TD SYNNEX Corporation's fourth quarter and full fiscal year 2024 earnings highlight a mixed performance with both positive and negative aspects...

Baptista Research

Krungthai XSpring Zoom Eng. October 8, 2025

The MPC meeting will be held today, with the outcome expected around 2:00 p.m. Bloomberg Consensus expects the policy rate to be cut from 1.50% to...

Krungthai XSpring

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