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

Verizon Communications / Equity Bottom-Up

<ul><li>Verizon delivered a decent result in the recent quarter with revenues above Wall Street expectations and earnings on par.</li><li>This was another strong mobility quarter in Verizon Business Group and ongoing success in fixed wireless access with net additions up sequentially in both consumer and business, the increase in consumer performance was complemented.</li><li>However, given the increasing significance of the internet and mobility for consumers and enterprises, demand for their service is still high.</li></ul>

Verizon delivered a decent result in the recent quarter with revenues above Wall Street expectations and earnings on par.This was another strong mobility quarter in Verizon Business Group and ongoing success in fixed wireless access with net additions up sequentially in both consumer and business, the increase in consumer performance was complemented.However, given the increasing significance of the internet and mobility for consumers and enterprises, demand for their service is still high.

Verizon Communications: The +Play Launch & Other 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.

<ul><li>The SET Index is expected to move sideways, with the support at 1,672/1,660 points and the resistance at 1,690/1,700 points.</li><li>Technically, the index may continue to swing in the range of 1,670 to 1,690 points until there is a clearer direction, and it will return to an uptrend if it manages to close above 1,690 points.</li><li>Tactically, we recommend trading buy on reopening plays that are likely to benefit from the recovery of tourist arrivals after China reopened the country, as well as stocks benefiting from the MPC's potential interest rate hike in the meeting on January 25, such as those in the insurance sector.</li></ul>

The SET Index is expected to move sideways, with the support at 1,672/1,660 points and the resistance at 1,690/1,700 points.Technically, the index may continue to swing in the range of 1,670 to 1,690 points until there is a clearer direction, and it will return to an uptrend if it manages to close above 1,690 points.Tactically, we recommend trading buy on reopening plays that are likely to benefit from the recovery of tourist arrivals after China reopened the country, as well as stocks benefiting from the MPC's potential interest rate hike in the meeting on January 25, such as those in the insurance sector.

<ul><li>Verizon ended the quarter with a wireless service revenue increase of 10% over the prior year and 2% over the previous quarter, surpassing Wall Street expectations.</li><li>With consumers responding well to the company's new offerings and thus increasing store traffic, its Consumer segment has begun to gather traction.</li><li>Their Welcome plan also enhanced customers' perceptions of cost, which helped to increase consumer phone gross adds year over year.</li></ul>

Verizon ended the quarter with a wireless service revenue increase of 10% over the prior year and 2% over the previous quarter, surpassing Wall Street expectations.With consumers responding well to the company's new offerings and thus increasing store traffic, its Consumer segment has begun to gather traction.Their Welcome plan also enhanced customers' perceptions of cost, which helped to increase consumer phone gross adds year over year.

Verizon Communications: Enterprise Intelligence Campaign & Other Drivers

<ul><li>The SET Index is expected to move sideways down, with the resistance at 1,597/1,604 points and the support at 1,573/1,566 points.</li><li>Negative momentum will be generated by the selling of high-growth stocks amid increasing concern that the Fed will hike rates by 0.75% in November.</li><li>Banking stocks (i.e., KKP, BAY and TTB) have reported higher-than-expected earnings that increased both QoQ and YoY; we anticipate speculative buying on banking stocks that will announce their 3Q22 earnings today, namely KBANK and SCB.</li></ul>

The SET Index is expected to move sideways down, with the resistance at 1,597/1,604 points and the support at 1,573/1,566 points.Negative momentum will be generated by the selling of high-growth stocks amid increasing concern that the Fed will hike rates by 0.75% in November.Banking stocks (i.e., KKP, BAY and TTB) have reported higher-than-expected earnings that increased both QoQ and YoY; we anticipate speculative buying on banking stocks that will announce their 3Q22 earnings today, namely KBANK and SCB.

<ul><li>Verizon Communications had a below par performance in the quarter as the inflationary pressure has been impacting consumer behavior resulting in the company failing to match earnings expectations and just about beating revenue expectations of Wall Street.</li><li>The company updated its financial guidance by lowering its expectations of other revenue and service.</li><li>The company launched its plan Welcome Unlimited for consumers wireless which will meet the requirements of budget-conscious consumers without offering device subsidies.</li></ul>

Verizon Communications had a below par performance in the quarter as the inflationary pressure has been impacting consumer behavior resulting in the company failing to match earnings expectations and just about beating revenue expectations of Wall Street.The company updated its financial guidance by lowering its expectations of other revenue and service.The company launched its plan Welcome Unlimited for consumers wireless which will meet the requirements of budget-conscious consumers without offering device subsidies.

Verizon Communications Inc: Navigating Through A Challenging Business Environment

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 Communications: The +Play Launch & Other Drivers

Verizon delivered a decent result in the recent quarter with revenues above Wall Street expectations and earnings on par. This was another strong...

Baptista Research

Market Outlook

The SET Index is expected to move sideways, with the support at 1,672/1,660 points and the resistance at 1,690/1,700 points. Technically, the...

Krungthai XSpring

Verizon Communications: Enterprise Intelligence Campaign & Other Drivers

Verizon ended the quarter with a wireless service revenue increase of 10% over the prior year and 2% over the previous quarter, surpassing Wall...

Baptista Research

Market Outlook and Technical Analysis

The SET Index is expected to move sideways down, with the resistance at 1,597/1,604 points and the support at 1,573/1,566 points. Negative...

Krungthai XSpring

Verizon Communications Inc: Navigating Through A Challenging Business Environment

Verizon Communications had a below par performance in the quarter as the inflationary pressure has been impacting consumer behavior resulting in...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)