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

Asian Equities: Taking Stock After the Result Season: Where Are EPS Estimates Rising and Falling?

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

Taiwan Semiconductor (TSMC) / Equity Bottom-Up

<ul><li>Taiwan Semiconductor Manufacturing Company (TSMC) posted a strong set of first-quarter 2025 results, reinforcing its leadership position despite an increasingly complex global backdrop.</li><li>The company reported a 60% surge in profit to NT$361.56 billion ($11.12 billion), comfortably beating analyst forecasts.</li><li>Revenue rose 42% year-over-year to NT$839.25 billion ($25.53 billion), although it marked a sequential decline of 5.1% in U.S. dollar terms due to seasonal softness in smartphone demand.</li></ul>

Taiwan Semiconductor Manufacturing Company (TSMC) posted a strong set of first-quarter 2025 results, reinforcing its leadership position despite an increasingly complex global backdrop.The company reported a 60% surge in profit to NT$361.56 billion ($11.12 billion), comfortably beating analyst forecasts.Revenue rose 42% year-over-year to NT$839.25 billion ($25.53 billion), although it marked a sequential decline of 5.1% in U.S. dollar terms due to seasonal softness in smartphone demand.

TSMC の爆発的な成長の内幕: AI 需要の急増、関税の迫りくる脅威、そして 1,650 億ドルの米国の賭け!