Value Investing

Vladimir Dimitrov, CFA

Equity Bottom-Up

Verizon Communications / Equity Bottom-Up

<ul>
<li>Verizon's share price continues to fall amid speculations and low interest in slow-growth businesses.</li>
<li>The business is stabilizing and on-track to deliver much needed top and bottom line growth, according to the company.</li>
<li>No matter how you look at it, being bullish on Verizon Communications Inc. (<span class="ticker-hover-wrapper">NYSE:VZ</span>) takes a real contrarian view with ability to endure pain and keep a long-term focus.</li>
</ul>


Verizon's share price continues to fall amid speculations and low interest in slow-growth businesses.
The business is stabilizing and on-track to deliver much needed top and bottom line growth, according to the company.
No matter how you look at it, being bullish on Verizon Communications Inc. (NYSE:VZ) takes a real contrarian view with ability to endure pain and keep a long-term focus.


Verizon: Legacy Businesses Are Still Out Of Fashion

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.

<ul><li>Technically, the SET Index is expected to weaken, with the resistance at 1,540 points (75-day EMA) and the support at 1,515/1,505 points (the previous support).</li><li>We have a negative view on the SET Index's trend and recommend that investors reduce their portfolios (sell first and buy back on weakness) (see our KTX Ahead report yesterday).</li><li>Meanwhile, there is a possibility that the vote for the prime minister will not happen on Thursday as scheduled after the ombudsman asked the Constitutional Court to order Parliament to postpone the vote and deliver a ruling on the rejected renomination of the Move Forward Party leader.</li></ul>

Technically, the SET Index is expected to weaken, with the resistance at 1,540 points (75-day EMA) and the support at 1,515/1,505 points (the previous support).We have a negative view on the SET Index's trend and recommend that investors reduce their portfolios (sell first and buy back on weakness) (see our KTX Ahead report yesterday).Meanwhile, there is a possibility that the vote for the prime minister will not happen on Thursday as scheduled after the ombudsman asked the Constitutional Court to order Parliament to postpone the vote and deliver a ruling on the rejected renomination of the Move Forward Party leader.

Krungthai XSpring Zoom Eng. July 25, 2023

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.

<ul><li>Verizon Communications delivered a mixed quarter with below-par revenues despite continued growth of the business across the private and broadband networks, as well as mobility.</li><li>It grew overall postpaid phone gross adds by 5% and achieved 3% wireless service revenue growth.</li><li>Growth is seen for fixed wire access, and it continues to scale and increasingly contributes to revenue performance.</li></ul>

Verizon Communications delivered a mixed quarter with below-par revenues despite continued growth of the business across the private and broadband networks, as well as mobility.It grew overall postpaid phone gross adds by 5% and achieved 3% wireless service revenue growth.Growth is seen for fixed wire access, and it continues to scale and increasingly contributes to revenue performance.

Verizon Communications Inc.: A Mixed Performance For The Telecom Giant – Key Drivers

<ul>
<li>Verizon is scheduled to report its quarterly results next week.</li>
<li>Verizon's share price has become oversold, according to analysts.</li>
<li>The company is set to report quarterly results for the first time in two years next week, and investors should know what to expect.</li>
</ul>


Verizon is scheduled to report its quarterly results next week.
Verizon's share price has become oversold, according to analysts.
The company is set to report quarterly results for the first time in two years next week, and investors should know what to expect.


Verizon: Key Considerations For Dividend Investors And The Upcoming Quarterly Results

<ul>
<li>Verizon emerges from a second year in a row of disappointing shareholder returns.</li>
<li>The halo effect of Berkshire Hathaway leaving is also contributing to sentiment becoming very one-sided.</li>
<li>Verizon is still well-positioned to deliver on its strategy while offering a 6.3% dividend yield.</li>
</ul>


Verizon emerges from a second year in a row of disappointing shareholder returns.
The halo effect of Berkshire Hathaway leaving is also contributing to sentiment becoming very one-sided.
Verizon is still well-positioned to deliver on its strategy while offering a 6.3% dividend yield.


Verizon Stock: I See No Reason To Panic After Recent Guidance

United States

Verizon Communications Inc. is an integrated telecommunications company that provides wire line voice and data services, wireless services, Internet services, and published directory information. The Company also provides network services for the federal government including business phone lines, data services, telecommunications equipment and payphones.

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Verizon Communications (VZ US)

Verizon: Legacy Businesses Are Still Out Of Fashion

No matter how you look at it, being bullish on Verizon Communications Inc. (NYSE:VZ) takes a real contrarian view with ability to endure pain and...

Vladimir Dimitrov, CFA

Krungthai XSpring Zoom Eng. July 25, 2023

Technically, the SET Index is expected to weaken, with the resistance at 1,540 points (75-day EMA) and the support at 1,515/1,505 points (the...

Krungthai XSpring

Verizon Communications Inc.: A Mixed Performance For The Telecom Giant – Key Drivers

Verizon Communications delivered a mixed quarter with below-par revenues despite continued growth of the business across the private and broadband...

Baptista Research

Verizon: Key Considerations For Dividend Investors And The Upcoming Quarterly Results

Verizon is scheduled to report its quarterly results next week. Verizon's share price has become oversold, according to analysts.

Vladimir Dimitrov, CFA

Verizon Stock: I See No Reason To Panic After Recent Guidance

Verizon emerges from a second year in a row of disappointing shareholder returns. The halo effect of Berkshire Hathaway leaving is also...

Vladimir Dimitrov, CFA

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