Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

HK Type 4 license through Ballingal Investment Advisors Ltd. ("BIA" or "BIAL")

BACKGROUND
I have 20+yrs experience in Asia doing alternative strategies (i.e. non-delta1 non long-only) in fixed income, equity derivatives, and activist/catalyst/event-driven and long-short equity strategies with most of that time spent managing money. 

4 years in fixed income macro, 8 years running internal hedge fund and 4yrs investment banking at Citi in Japan, 3 years running an Asia multi-strat portfolio at a hedge fund, 4+yrs as an independent special situations analyst.

Pan-Asia Catalysts/Events

ANZ's Equity Raise Successful, Trading at TERP, and STILL Cheap To Peers

ACCC Sour on ANZ/Suncorp Bank Deal Makes for A Good Trade

Suncorp - Decision on ANZ Takeover In Weeks, Competition Can Worsen If Allowed

Quiddity Advisors

Equity Capital Markets

Australia & New Zealand Bankin / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/australia-and-new-zealand-banking-group-anz" target="_blank" data-smartkarma-citation="entities:443:1" rel="noopener">Australia and New Zealand Banking Group (ANZ) (ANZ AU)</a> this morning made a flurry of announcements. First and foremost, ANZ <a href="https://www.asx.com.au/asxpdf/20220718/pdf/45bxs7w823ntzt.pdf" target="_blank" rel="noopener">withdrew from discussions on MYOB</a>.</li>
<li>
<a href="https://www.asx.com.au/asxpdf/20220718/pdf/45bxsfxcgwbpyz.pdf" target="_blank" rel="noopener">Q3 earnings</a> ended 30 June saw revenue +5%, lending up 3%yoy, markets revenue +7%, NIM up 3bp (rising rates helps). Basel3 APRA Level2/Level1 CET1 Ratios were 11.1%/10.4%. </li>
<li>But the big news: ANZ is buying SunCorp Bank from SunCorp (SUN AU) for A$4.9bn (1.3x NTA), and will raise A$3.5bn through a 1 for 15 renounceable rights offering.</li>
</ul>



Australia and New Zealand Banking Group (ANZ) (ANZ AU) this morning made a flurry of announcements. First and foremost, ANZ withdrew from discussions on MYOB.

Q3 earnings ended 30 June saw revenue +5%, lending up 3%yoy, markets revenue +7%, NIM up 3bp (rising rates helps). Basel3 APRA Level2/Level1 CET1 Ratios were 11.1%/10.4%. 
But the big news: ANZ is buying SunCorp Bank from SunCorp (SUN AU) for A$4.9bn (1.3x NTA), and will raise A$3.5bn through a 1 for 15 renounceable rights offering.


ANZ Bank (ANZ AU) Nixes MYOB, Yeas SunCorp Bank, To Raise A$3.5bn of Equity