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

CNOOC (883 HK) Surprises with Special Div

CNOOC (883 HK) To List A-Shares in Shanghai

CNOOC (883 HK): Post-Ban Update, Still Room To Go

Quiddity Advisors

Event-Driven

<ul>
<li>CNOOC's RMB Issue of 2.6bn Shares (about US$5bn with over-allotment) was priced at a 14.2% premium to Friday's close. Not Great Bob.</li>
<li>But 31 March indications of Q1 results, and the promises of an H-share buyback noted in the Annual Results a day earlier are worthwhile noting.</li>
<li>CNOOC continues to trail Global Peers in Price and Forward EBIT multiple since the Executive Order 13959 dampened share demand and booted it from global indices. It's still cheap though.</li>
</ul>


CNOOC's RMB Issue of 2.6bn Shares (about US$5bn with over-allotment) was priced at a 14.2% premium to Friday's close. Not Great Bob.
But 31 March indications of Q1 results, and the promises of an H-share buyback noted in the Annual Results a day earlier are worthwhile noting.
CNOOC continues to trail Global Peers in Price and Forward EBIT multiple since the Executive Order 13959 dampened share demand and booted it from global indices. It's still cheap though.


CNOOC RMB Share Prices at Small Premium (But CNOOC Still Cheap To Peers)

CNOOC Ltd

CNOOC RMB Share Prices at Small Premium (But CNOOC Still Cheap To Peers)