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

Japan Post Holdings – Silly Guidance And A Not So Silly Buyback

Japan Post Insurance (7181 JP) - Reading Between The Lines

Thinking About Japanese Banks - Go Big, Go Small, Go Insurance

Japan Post Holdings – Good Play On the BOJ’s Conundrum

Japan Post Holdings Offering - Buy Weakness, Then Buy More

Japan Post Holdings – Gaming Out a Five Bagger

Gravity Works As WeWork Doesn't; Now Plan B

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/japan-post-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:359:1" rel="noopener">Japan Post Holdings (6178 JP)</a> and its two main components <a href="https://www.smartkarma.com/entities/japan-post-insurance-co-ltd" target="_blank" data-smartkarma-citation="entities:840:1" rel="noopener">Japan Post Insurance (7181 JP)</a> and <a href="https://www.smartkarma.com/entities/japan-post-bank-co-ltd" target="_blank" data-smartkarma-citation="entities:838:1" rel="noopener">Japan Post Bank (7182 JP)</a> reported excellent earnings for the year to March 2022...</li>
<li>....but not so excellent forecasts for the year to March 2023. Some of that is conservative. Some is "finger-in-the-air", and some of it is the vagaries of insurance sales accounting.</li>
<li>But they all pay high dividends and Japan Post Holdings announced a ¥200bn buyback. And remember, there will likely Never Be Another JPH Equity Offering, Ever Again. Ever. </li>
</ul>



Japan Post Holdings (6178 JP) and its two main components Japan Post Insurance (7181 JP) and Japan Post Bank (7182 JP) reported excellent earnings for the year to March 2022...
....but not so excellent forecasts for the year to March 2023. Some of that is conservative. Some is "finger-in-the-air", and some of it is the vagaries of insurance sales accounting.
But they all pay high dividends and Japan Post Holdings announced a ¥200bn buyback. And remember, there will likely Never Be Another JPH Equity Offering, Ever Again. Ever. 


Japan Post Holdings (6178 JP) - Ugly Group Forecasts But a Very Bigly Buyback