Independent research on the U.S. markets, Baptista Research

Baptista Research

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.

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>TD SYNNEX delivered a strong start to the fiscal year, supported by broad-based demand across both its distribution and Hyve businesses, with management highlighting continued momentum in infrastructure, AI-driven data center deployments, and PC refresh cycles.</li><li>The quarter reflected robust execution, with growth driven by both volume and pricing dynamics, as well as operational discipline that enabled margin expansion in the distribution segment.</li><li>Demand trends remain favorable in key categories such as AI-enabled servers, storage, networking, and enterprise-focused PCs, with management emphasizing that pricing increases across components such as memory and CPUs have not yet materially impacted demand.</li></ul>

TD SYNNEX delivered a strong start to the fiscal year, supported by broad-based demand across both its distribution and Hyve businesses, with management highlighting continued momentum in infrastructure, AI-driven data center deployments, and PC refresh cycles.The quarter reflected robust execution, with growth driven by both volume and pricing dynamics, as well as operational discipline that enabled margin expansion in the distribution segment.Demand trends remain favorable in key categories such as AI-enabled servers, storage, networking, and enterprise-focused PCs, with management emphasizing that pricing increases across components such as memory and CPUs have not yet materially impacted demand.

TD SYNNEX Is Expanding Margins With Operating Leverage—But Is This Efficiency Story Fully Priced In?

Synnex Corp

TD SYNNEX Is Expanding Margins With Operating Leverage—But Is This Efficiency Story Fully Priced In?