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

Seiko Epson (6724) | Home Printing Running Out of Ink

Seiko Epson(6724 JP)| Neutral 2Q Earnings; Negative Outlook – Remain Bearish

Good Morning Japan | Shifting Sentiments but Bullish Price Action

Renesas (6723 JP) - Salutary Q1, Strong Q2 Forecast, and a BIG Buyback

Seiko Epson To Replace Toshiba in Nikkei 225

Canon (7751) - Buyback Looks Small But Shareholder Structure Matters

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/seiko-epson-corp" target="_blank" data-smartkarma-citation="entities:16793:1" rel="noopener">Seiko Epson (6724 JP)</a> announces the first special div for the 2023 Nikkei 225 dividend futures.</li>
<li>And it also announces a VERY big buyback. The headlines say 9.5%. The reality is more like 4.0-4.4%, but that is still going to be 15-20% of Real World Float. </li>
<li>Given mildly positive backdrop, a net cash position, low multiples, and lack of major Real World Float active investor, this could go up.</li>
</ul>



Seiko Epson (6724 JP) announces the first special div for the 2023 Nikkei 225 dividend futures.
And it also announces a VERY big buyback. The headlines say 9.5%. The reality is more like 4.0-4.4%, but that is still going to be 15-20% of Real World Float. 
Given mildly positive backdrop, a net cash position, low multiples, and lack of major Real World Float active investor, this could go up.


Epson (6724) - A Big Buyback Amid Benign Backdrop