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.

Credit

Take Two Interactive Software, Inc / Credit

<ul><li>Take-Two Interactive Software is a renowned a well-known developer, publisher, and marketer of games and interactive entertainment for consumers across the globe.</li><li>The company has expanded its scale tremendously after the recent acquisition of Zynga.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

Take-Two Interactive Software is a renowned a well-known developer, publisher, and marketer of games and interactive entertainment for consumers across the globe.The company has expanded its scale tremendously after the recent acquisition of Zynga.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

Take-Two Interactive Software Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

Equity Bottom-Up

Take Two Interactive Software, Inc / Equity Bottom-Up

<ul><li>This is our first report on Take-Two Interactive Software, a well-known developer, publisher, and marketer of games and interactive entertainment for consumers across the globe.</li><li>The company delivered a disappointing result in the past quarter failing to meet Wall Street expectations in terms of revenues as well as earnings.</li><li>We initiate coverage on the stock of Take-Two Interactive Software with a 'Buy' rating.</li></ul>

This is our first report on Take-Two Interactive Software, a well-known developer, publisher, and marketer of games and interactive entertainment for consumers across the globe.The company delivered a disappointing result in the past quarter failing to meet Wall Street expectations in terms of revenues as well as earnings.We initiate coverage on the stock of Take-Two Interactive Software with a 'Buy' rating.

Take-Two Interactive Software Inc.: Initiation of Coverage – Adapting To An Evolving Business Environment & Key Drivers

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, 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

Lionheart Studio  / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/lionheart-studio-corporation" target="_blank" data-smartkarma-citation="entities:36417:1" rel="noopener">Lionheart Studio (426630 KS)</a>, a game development studio based in South Korea,  aims to raise around US$420m via its South Korean IPO.</li>
<li>The company is majority owned by <a href="https://www.smartkarma.com/entities/kakao-games-corp" target="_blank" data-smartkarma-citation="entities:26730:1" rel="noopener">Kakao Games Corp (293490 KS)</a>, which after having recently hiked its stake, owned 54.94% of the company prior to listing.  </li>
<li>In this note, we will talk about the positive aspects of the deal.</li>
</ul>



Lionheart Studio (426630 KS), a game development studio based in South Korea,  aims to raise around US$420m via its South Korean IPO.
The company is majority owned by Kakao Games Corp (293490 KS), which after having recently hiked its stake, owned 54.94% of the company prior to listing.  
In this note, we will talk about the positive aspects of the deal.


Lion Heart Studio Pre-IPO - The Positives - Got One Hit

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Event-Driven

<ul>
<li>Saudi Arabia's Savvy Games Group has a grand ambition to invest in the global gaming industry. It recently announced that it will invest US$37.8 billion in the global gaming industry.</li>
<li>There has been a sharp appreciation of the USD and Riyal versus JPY which could help to accelerate more M&amp;As of Japanese game companies by SGG.</li>
<li>Saudi Arabia's aggressive push to expand into the global gaming industry could aid this sector in the coming months as it could result in further major M&amp;As in this sector.</li>
</ul>


Saudi Arabia's Savvy Games Group has a grand ambition to invest in the global gaming industry. It recently announced that it will invest US$37.8 billion in the global gaming industry.
There has been a sharp appreciation of the USD and Riyal versus JPY which could help to accelerate more M&amp;As of Japanese game companies by SGG.
Saudi Arabia's aggressive push to expand into the global gaming industry could aid this sector in the coming months as it could result in further major M&amp;As in this sector.


Saudi Arabia Gaming: Plans to Invest $38 Billion in Global Game Industry

TMT & Consumer Independent Equity Research Analyst, Obex Capital Research

Aaron Gabin

TMT & Consumer Independent Equity Research Analyst

TMT & Consumer Independent Equity Research

Obex Capital Research

“Obex” is Latin for Barriers to Entry. Obex Capital Management’s investment philosophy is driven by an intense focus on which business model’s Barriers to Entry are able to withstand the ever increasing competitive disruption in the TMT and Consumer Sectors.

<ul>
<li>Roblox initially fell 17% on earnings, but ended the week up 8%... why? Third party data is driving stock price action.</li>
<li>Reacceleration of DAUs, engagement, and bookings is beginning to play out...bullish ST.</li>
<li>LT EBITDA margins are anyone's guess right now, which makes the coming 9/9 Analyst Day an important catalyst to frame up the size and margin impact of TAM extensions.</li>
</ul>


Roblox initially fell 17% on earnings, but ended the week up 8%... why? Third party data is driving stock price action.
Reacceleration of DAUs, engagement, and bookings is beginning to play out...bullish ST.
LT EBITDA margins are anyone's guess right now, which makes the coming 9/9 Analyst Day an important catalyst to frame up the size and margin impact of TAM extensions.


United States

Take-Two Interactive Software, Inc. develops, markets, distributes, and publishes interactive entertainment software games and accessories.  The Company's products are for console systems, handheld gaming systems and personal computers (including smartphones and tablets) and are delivered through physical retail, digital download, online and cloud streaming services.

Take Two Interactive Software, Inc (TTWO US)

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Take Two Interactive Software, Inc (TTWO US)

Take-Two Interactive Software Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

Take-Two Interactive Software is a renowned a well-known developer, publisher, and marketer of games and interactive entertainment for consumers...

Baptista Research

Take-Two Interactive Software Inc.: Initiation of Coverage – Adapting To An Evolving Business Environment & Key Drivers

This is our first report on Take-Two Interactive Software, a well-known developer, publisher, and marketer of games and interactive entertainment...

Baptista Research

Lion Heart Studio Pre-IPO - The Positives - Got One Hit

Lionheart Studio, a game development studio based in South Korea, aims to raise around US$420m via its South Korean IPO. The company is majority...

Sumeet Singh

Saudi Arabia Gaming: Plans to Invest $38 Billion in Global Game Industry

Saudi Arabia's Savvy Games Group has a grand ambition to invest in the global gaming industry. It recently announced that it will invest US$37.8...

Douglas Kim

Roblox 2Q22: 15% or 35% EBITDA Margins?

Roblox had a largely bullish quarter, with monetization and engagement metrics starting to show promised acceleration. Key will be 9/9/22 analyst...

Aaron Gabin

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