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>Disney’s latest earnings report underscores a company in transition, leveraging its content dominance to bolster its streaming business while facing industry headwinds.</li><li>The entertainment giant exceeded Wall Street’s expectations across key financial metrics, with revenue climbing 5% to $24.7 billion and net income surging 34% to $2.6 billion.</li><li>A major contributor was the company’s streaming division, where Disney+ and Hulu posted a $293 million profit in the December quarter, a stark improvement from the $138 million loss a year prior.</li></ul>

Disney’s latest earnings report underscores a company in transition, leveraging its content dominance to bolster its streaming business while facing industry headwinds.The entertainment giant exceeded Wall Street’s expectations across key financial metrics, with revenue climbing 5% to $24.7 billion and net income surging 34% to $2.6 billion.A major contributor was the company’s streaming division, where Disney+ and Hulu posted a $293 million profit in the December quarter, a stark improvement from the $138 million loss a year prior.

Disney: A $293M Streaming Comeback and the Big ESPN Gamble—Will It Pay Off?

<ul><li>The Walt Disney Company is making significant strides in 2025, positioning itself for substantial growth and market influence through strategic mergers and innovative streaming initiatives.</li><li>Recently, Disney announced a landmark merger between its Hulu + Live TV service and FuboTV, creating the second-largest digital pay-TV provider in North America.</li><li>This move not only consolidates Disney's presence in the live TV streaming market but also leverages FuboTV's sports-centric audience to enhance Disney's already robust content offerings.</li></ul>

The Walt Disney Company is making significant strides in 2025, positioning itself for substantial growth and market influence through strategic mergers and innovative streaming initiatives.Recently, Disney announced a landmark merger between its Hulu + Live TV service and FuboTV, creating the second-largest digital pay-TV provider in North America.This move not only consolidates Disney's presence in the live TV streaming market but also leverages FuboTV's sports-centric audience to enhance Disney's already robust content offerings.

Disney's Master Plan For 2025: Ad-Supported Streaming & Hulu+FuboTV Merger Set To Transform the Industry!

Equity Research Focusing on the Consumer Sector, Small Cap Consumer Research

Small Cap Consumer Research

Equity Research Focusing on the Consumer Sector

Small Cap Consumer Research, LLC is a leading company-sponsored equity research provider focusing on the consumer sector (apparel, brand licensing and specialty retailing segments).

<ul><li>We are reiterating our Buy rating, $40 price target and projections for JAKKS Pacific, as we believe, driven by strong Holiday movie content and among the easiest comparisons in recent history, the company is poised to register strong 1H25 results.</li><li>More importantly, we believe, potential China tariffs excluded, JAKKS is building a base of key core items/categories (i.e. The Simpsons, Sonic, skateboards and Spring outdoor products) and international expansion, which will create the ability for JAKKS to register visible and impressive overall top and bottom line returns.</li><li>Further, we also believe in 2025, given the company's impressive financial position (no debt, approximately $2 per share in cash), JAKKS will begin to return capital to shareholders.</li></ul>

We are reiterating our Buy rating, $40 price target and projections for JAKKS Pacific, as we believe, driven by strong Holiday movie content and among the easiest comparisons in recent history, the company is poised to register strong 1H25 results.More importantly, we believe, potential China tariffs excluded, JAKKS is building a base of key core items/categories (i.e. The Simpsons, Sonic, skateboards and Spring outdoor products) and international expansion, which will create the ability for JAKKS to register visible and impressive overall top and bottom line returns.Further, we also believe in 2025, given the company's impressive financial position (no debt, approximately $2 per share in cash), JAKKS will begin to return capital to shareholders.

JAKK: 2025 Signposts; Building a Better Model; Reiterate Buy Rating and $40 PT

Tracking developments across tech supply chains, Tech Supply Chain Tracker

Tech Supply Chain Tracker

Tracking developments across tech supply chains

TongFu Microelectronics   / Equity Bottom-Up

<ul><li>TSMC's new wafer manufacturing technology is changing the advanced packaging industry, causing a forecasted slump in general-purpose memory for Samsung and SK Hynix.</li><li>Micron is leading the way in HBM4 development, aiming for mass production by 2026, while India's semiconductor growth is highlighted by Marvell ahead of VLSI conference.</li><li>China's chip crackdown escalates as global semiconductor landscape evolves, with Tesla Shanghai factory head resigning and Xiaomi denying poaching rumors. Dixon partners with Vivo to boost local production in India.</li></ul>

TSMC's new wafer manufacturing technology is changing the advanced packaging industry, causing a forecasted slump in general-purpose memory for Samsung and SK Hynix.Micron is leading the way in HBM4 development, aiming for mass production by 2026, while India's semiconductor growth is highlighted by Marvell ahead of VLSI conference.China's chip crackdown escalates as global semiconductor landscape evolves, with Tesla Shanghai factory head resigning and Xiaomi denying poaching rumors. Dixon partners with Vivo to boost local production in India.

Tech Supply Chain Tracker (24-Dec-2024): TSMC transforms packaging market with wafer manufacturing 2.0.

<ul><li>We are reiterating our Buy rating, $40 price target and projections for JAKKS Pacific after meeting with company management.</li><li>We believe, with easy 1H2025 comparisons, the initial strength of the Moana 2 premiere, a continued focus on key emerging growth drivers (international, ABG collaboration) and basic blocking and tackling, JAKKS is well positioned to continue to drive upside.</li><li>Further, with the company debt free and registering material free cash flow, there remains opportunities to return capital to investors.</li></ul>

We are reiterating our Buy rating, $40 price target and projections for JAKKS Pacific after meeting with company management.We believe, with easy 1H2025 comparisons, the initial strength of the Moana 2 premiere, a continued focus on key emerging growth drivers (international, ABG collaboration) and basic blocking and tackling, JAKKS is well positioned to continue to drive upside.Further, with the company debt free and registering material free cash flow, there remains opportunities to return capital to investors.

JAKK: Cautiously Optimistic in an Uncertain World; Reiterate Buy, $40 PT

United States

The Walt Disney Company is an entertainment company that conducts operations in media networks, studio entertainment, theme parks and resorts, consumer products, and interactive media. The Company produces motion pictures, television programs, and musical recordings, as well as books and magazines.

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The Walt Disney Co (DIS US)

Disney: A $293M Streaming Comeback and the Big ESPN Gamble—Will It Pay Off?

Disney’s latest earnings report underscores a company in transition, leveraging its content dominance to bolster its streaming business while...

Baptista Research

Disney's Master Plan For 2025: Ad-Supported Streaming & Hulu+FuboTV Merger Set To Transform the Industry!

The Walt Disney Company is making significant strides in 2025, positioning itself for substantial growth and market influence through strategic...

Baptista Research

JAKK: 2025 Signposts; Building a Better Model; Reiterate Buy Rating and $40 PT

We are reiterating our Buy rating, $40 price target and projections for JAKKS Pacific, as we believe, driven by strong Holiday movie content and...

Small Cap Consumer Research

Tech Supply Chain Tracker (24-Dec-2024): TSMC transforms packaging market with wafer manufacturing 2.0.

TSMC shakes up advanced packaging with new wafer tech; Micron focuses on overcoming memory slump, advancing HBM4 development for mass production in...

Tech Supply Chain Tracker

JAKK: Cautiously Optimistic in an Uncertain World; Reiterate Buy, $40 PT

We are reiterating our Buy rating, $40 price target and projections for JAKKS Pacific after meeting with company management. We believe, with easy...

Small Cap Consumer Research

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