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>Vodafone Group's earnings highlighted the company's continued efforts in focusing on customers, simplifying its business, and promoting growth.</li><li>This included an operational review that resulted in a shift towards a commercial model with defined management service agreements and an agreement with Accenture to expedite the company's transformation.</li><li>Vodafone has notably seen substantial improvement in its Net Promoter Score (NPS), demonstrating increased customer satisfaction relative to competitors in nearly all markets.</li></ul>

Vodafone Group's earnings highlighted the company's continued efforts in focusing on customers, simplifying its business, and promoting growth.This included an operational review that resulted in a shift towards a commercial model with defined management service agreements and an agreement with Accenture to expedite the company's transformation.Vodafone has notably seen substantial improvement in its Net Promoter Score (NPS), demonstrating increased customer satisfaction relative to competitors in nearly all markets.

Vodafone Group: Are Its Efforts Towards Optimizing Working Capital Paying Off? - Major 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

<ul>
<li>
<a href="https://www.smartkarma.com/entities/bharti-hexacom" target="_blank" data-smartkarma-citation="entities:40858:1" rel="noopener">Bharti Hexacom</a> is looking to raise up to US$1bn in its upcoming India IPO. </li>
<li>Bharti Hexacom (BH) is a communications solutions provider offering consumer mobile services, fixed-line telephone and broadband services to customers in the Rajasthan and the North East telecommunication circles in India.</li>
<li>In this note, we talk about the positive aspects of the deal.</li>
</ul>



Bharti Hexacom is looking to raise up to US$1bn in its upcoming India IPO. 
Bharti Hexacom (BH) is a communications solutions provider offering consumer mobile services, fixed-line telephone and broadband services to customers in the Rajasthan and the North East telecommunication circles in India.
In this note, we talk about the positive aspects of the deal.


Bharti Hexacom Pre-IPO - The Positives - Earnings Have Been Recovering Well

European Event-Driven Analyst

Jesus Rodriguez Aguilar

Event-Driven

<ul>
<li>The public holding company SEPI, controlled by the Spanish Treasury, has confirmed to the CNMV that it is studying the possibility of acquiring a stake in <a href="https://www.smartkarma.com/entities/telefonica-sa" target="_blank" data-smartkarma-citation="entities:21299:1" rel="noopener">Telefonica SA (TEF SM).</a>
</li>
<li>Market speculates with a 5% stake to counterbalance the current 4.9% stake of STC (which could execute an option to acquire another 5% pending Government authorisation).</li>
<li>At current market prices, it is equivalent to 22.04 trading sessions. Q3 results and Capital Markets Day, the first major strategic update in years, will take place on 8 November. </li>
</ul>


The public holding company SEPI, controlled by the Spanish Treasury, has confirmed to the CNMV that it is studying the possibility of acquiring a stake in Telefonica SA (TEF SM).

Market speculates with a 5% stake to counterbalance the current 4.9% stake of STC (which could execute an option to acquire another 5% pending Government authorisation).
At current market prices, it is equivalent to 22.04 trading sessions. Q3 results and Capital Markets Day, the first major strategic update in years, will take place on 8 November. 


<ul><li>Vodafone Group PLC delivered a decent result with revenues and earnings in line with market expectations.</li><li>By understanding and meeting customer expectations, streamlining operations, and investing in market competitiveness, Vodafone's management aims to achieve a turnaround, particularly in Germany, and drive growth throughout Europe.</li><li>We give Vodafone Group PLC ADR an 'Outperform' rating with a revised target price.</li></ul>

Vodafone Group PLC delivered a decent result with revenues and earnings in line with market expectations.By understanding and meeting customer expectations, streamlining operations, and investing in market competitiveness, Vodafone's management aims to achieve a turnaround, particularly in Germany, and drive growth throughout Europe.We give Vodafone Group PLC ADR an 'Outperform' rating with a revised target price.

Vodafone Group PLC ADR: A Bold Plan To Simplify & Grow – Key Drivers

<ul><li>This is our first report on a telecommunication giant, Vodafone Group ADR.</li><li>The company produced a resilient financial performance in 2022.</li><li>We initiate coverage on the stock of Vodafone Group with a 'Buy' rating.</li></ul>

This is our first report on a telecommunication giant, Vodafone Group ADR.The company produced a resilient financial performance in 2022.We initiate coverage on the stock of Vodafone Group with a 'Buy' rating.

Vodafone Group ADR: Initiation of Coverage – Business Strategy

United States

Vodafone Group Plc provides a range of mobile telecommunications services, including voice and data communications.  Vodafone has equity interests in 28 countries and Partner Networks in a further 7 countries with almost all the Group's mobile subsidiaries operating principally under the brand name Vodafone. In the United States their associated undertaking operates as Verizon Wireless.

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Vodafone Group Plc Sp Adr (VOD US)

Vodafone Group: Are Its Efforts Towards Optimizing Working Capital Paying Off? - Major Drivers

Vodafone Group's earnings highlighted the company's continued efforts in focusing on customers, simplifying its business, and promoting...

Baptista Research

Bharti Hexacom Pre-IPO - The Positives - Earnings Have Been Recovering Well

Bharti Hexacom is looking to raise up to US$1bn in its upcoming India IPO. In this note, we talk about the positive aspects of the deal.

Sumeet Singh

Back in Telefonica

SEPI, the Spanish Treasury's public holding company, is considering buying a stake in Telefonica SA, possibly around 5% to gain a seat in the...

Jesus Rodriguez Aguilar

Vodafone Group PLC ADR: A Bold Plan To Simplify & Grow – Key Drivers

Vodafone Group PLC delivered a decent result with revenues and earnings in line with market expectations. By understanding and meeting customer...

Baptista Research

Vodafone Group ADR: Initiation of Coverage – Business Strategy

This is our first report on a telecommunication giant, Vodafone Group ADR. The company produced a resilient financial performance in 2022. We...

Baptista Research

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Vodafone Group: Are Its Efforts Towards Optimizing Working Capital Paying Off? - Major Drivers

Vodafone Group's earnings highlighted the company's continued efforts in focusing on customers, simplifying its business, and promoting...

Baptista Research

Bharti Hexacom Pre-IPO - The Positives - Earnings Have Been Recovering Well

Bharti Hexacom is looking to raise up to US$1bn in its upcoming India IPO. In this note, we talk about the positive aspects of the deal.

Sumeet Singh

Back in Telefonica

​SEPI, the Spanish Treasury's public holding company, is considering buying a stake in Telefonica SA, possibly around 5% to gain a seat in the...

Jesus Rodriguez Aguilar

Vodafone Group PLC ADR: A Bold Plan To Simplify & Grow – Key Drivers

Vodafone Group PLC delivered a decent result with revenues and earnings in line with market expectations. By understanding and meeting customer...

Baptista Research

Vodafone Group ADR: Initiation of Coverage – Business Strategy

This is our first report on a telecommunication giant, Vodafone Group ADR. The company produced a resilient financial performance in 2022. We...

Baptista Research

SEPI, the Spanish Treasury's public holding company, is considering buying a stake in Telefonica SA, possibly around 5% to gain a seat in the...