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>Vivo’s latest financial outcomes reflect a balanced performance across key areas of its operations.</li><li>The company, led by its CEO Christian Gebara and CFO David Melcon, reported substantial growth in both mobile and fixed services, heralding a robust trajectory in its core operations.</li><li>In its mobile segment, Vivo saw its postpaid customer base expand significantly, with a 7.3% year-over-year increase, reflecting a strategic focus on high-value postpaid services, which now constitute 68% of its customer base.</li></ul>

Vivo’s latest financial outcomes reflect a balanced performance across key areas of its operations.The company, led by its CEO Christian Gebara and CFO David Melcon, reported substantial growth in both mobile and fixed services, heralding a robust trajectory in its core operations.In its mobile segment, Vivo saw its postpaid customer base expand significantly, with a 7.3% year-over-year increase, reflecting a strategic focus on high-value postpaid services, which now constitute 68% of its customer base.

Will Telefônica Brasil’s Postpaid Surge and Low Churn Propel It Ahead of Rivals?

Research from Superfluous Value, Superfluous Value

Superfluous Value

Research from Superfluous Value

Stock selection has rarely been as important as it is today. After a roaring decade for US markets and with signs of mania everywhere, the S&P 500 as over-priced as it has ever been.

But, there is better way. Superfluous Value is a contrarian, deep-dive into the markets forgotten by the 60/40 instos and indexing, momentum chasers. Where the hot money has long moved on, it leaves behind investments offering great safety and prospective returns.

I believe the 2020s will look diametrically opposite to the recent past, with Emerging Markets, the UK, Japan and commodities set to rip and I intend to be holding the best opportunities available as they do.

Please feel free to come along on the journey.

Contrarian Deep-Dive into the Markets

<ul><li>Long-term readers will know I have held Telefonica Brasil (Vivo) for four years and been loudly bullish on the company at times.</li><li>But the thesis hasn’t played out as hoped and the time has come to make way for better opportunities.</li><li>It’s the good type of mistake, where you scrape away with a modest gain (20% + some nice dividends), but an analytical error all the same.</li></ul>

Long-term readers will know I have held Telefonica Brasil (Vivo) for four years and been loudly bullish on the company at times.But the thesis hasn’t played out as hoped and the time has come to make way for better opportunities.It’s the good type of mistake, where you scrape away with a modest gain (20% + some nice dividends), but an analytical error all the same.

Thematic (Sector/Industry)

<ul>
<li>Value investing is often described as running towards the fire or seeking out disaster.</li>
<li>Often, outstanding returns can be had as the market reverts from total capitulation, to merely bad.</li>
<li>In the case of Brazil today, an investor is paying capitulation pricing for prospects that are already better than merely bad.</li>
</ul>


Value investing is often described as running towards the fire or seeking out disaster.
Often, outstanding returns can be had as the market reverts from total capitulation, to merely bad.
In the case of Brazil today, an investor is paying capitulation pricing for prospects that are already better than merely bad.


Brazil

Telefonica Brasil, S.A. is a telecommunications company which provides services for fixed and mobile telephony, data transmission and VAS, pay TV, among others. The Company is part of the Telefonica Group, a communication conglomerate with presence in multiple countries.

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Telefonica Brasil (VIV US)

Will Telefônica Brasil’s Postpaid Surge and Low Churn Propel It Ahead of Rivals?

Vivo’s latest financial outcomes reflect a balanced performance across key areas of its operations. The company, led by its CEO Christian Gebara...

Baptista Research

Telefonica Brasil: Moving On

Long-term readers will know I have held Telefonica Brasil (Vivo) for four years and been loudly bullish on the company at times.

Superfluous Value

Brazilian Value: The Trade of the Decade

Value investing is often described as running towards the fire or seeking out disaster. Often, outstanding returns can be had as the market reverts...

Superfluous Value

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