Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Sino American Silicon Products / Event-Driven

This week I briefly look at: <a href="https://www.smartkarma.com/entities/3441" target="_blank" data-smartkarma-citation="entities:3441:1">Sino American Silicon Products (5483 TT)</a>'s inexpensive entry point into <a href="https://www.smartkarma.com/entities/17916" target="_blank" data-smartkarma-citation="entities:17916:1">Globalwafers Co Ltd (6488 TT)</a>; <a href="https://www.smartkarma.com/entities/51" target="_blank" data-smartkarma-citation="entities:51:1">Wharf Holdings Ltd (4 HK)</a> begins the year with a gallop after <a href="https://www.smartkarma.com/entities/52" target="_blank" data-smartkarma-citation="entities:52:1">Wheelock &amp; Co Ltd (20 HK)</a> increases its stake; and <a href="https://www.smartkarma.com/entities/17638" target="_blank" data-smartkarma-citation="entities:17638:1">Intouch Holdings Pcl (INTUCH TB)</a> goes from cheap to cheaper in response to <a href="https://www.smartkarma.com/entities/18019" target="_blank" data-smartkarma-citation="entities:18019:1">Thaicom Pcl (THCOM TB)</a>'s deadlocked negotiations with the government.These relationships trade with: 1) a minimum liquidity threshold of US$1mn on a 90-day moving average; and 2) a minimum 20% 'market capitalisation' threshold, whereby the value of the holding/opco held must be at least 20% of the parent's market cap.A detailed NAV for a number of these parent/holding relationships highlighted can be found in our holdco monitor.My comments on SAS, Wheelock and Intouch follow the weekly setup/unwind tables.(Market cap and liquidity noted below are in US$. Liquidity is assessed on a 3-month average)

This week I briefly look at: Sino American Silicon Products (5483 TT)'s inexpensive entry point into Globalwafers Co Ltd (6488 TT); Wharf Holdings Ltd (4 HK) begins the year with a gallop after Wheelock &amp; Co Ltd (20 HK) increases its stake; and Intouch Holdings Pcl (INTUCH TB) goes from cheap to cheaper in response to Thaicom Pcl (THCOM TB)'s deadlocked negotiations with the government.These relationships trade with: 1) a minimum liquidity threshold of US$1mn on a 90-day moving average; and 2) a minimum 20% 'market capitalisation' threshold, whereby the value of the holding/opco held must be at least 20% of the parent's market cap.A detailed NAV for a number of these parent/holding relationships highlighted can be found in our holdco monitor.My comments on SAS, Wheelock and Intouch follow the weekly setup/unwind tables.(Market cap and liquidity noted below are in US$. Liquidity is assessed on a 3-month average)

StubWorld - Set-Up & Unwind Extremes: Sino-American, Wheelock, Intouch

Taiwan

Crystalwise Technology Inc. manufactures hard substrate. The Company produces silicon wafer and other crystal material wafers, such as Lithium Niobate wafers and Lithium Tantlate wafers. Crystalwise Technology offers its products around the world.

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Crystalwise Technology (4944 TT)

StubWorld - Set-Up & Unwind Extremes: Sino-American, Wheelock, Intouch

This week I briefly look at: Sino American Silicon Products (5483 TT)'s inexpensive entry point into Globalwafers Co Ltd (6488 TT); Wharf Holdings...

David Blennerhassett

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