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

Quiddity Advisors

Event-Driven

<ul>
<li>Today, <a href="https://www.smartkarma.com/entities/jvc-kenwood-corp" target="_blank" data-smartkarma-citation="entities:4775:1" rel="noopener">JVC KENWOOD (6632 JP)</a> announced earnings, its forecast for this next year, and the outlines of its new Mid-Term Management Plan.</li>
<li>That plan has the run to 2025 seeing sales rise slightly, Operating margins rising slightly. EBITDA margins at last year's level or better, and Operating CF like last year. </li>
<li>They also announced a buyback which they hoped would help them boost ROE and PBR to 1.0x as quickly as possible. The TSE pressure is working. </li>
</ul>


Today, JVC KENWOOD (6632 JP) announced earnings, its forecast for this next year, and the outlines of its new Mid-Term Management Plan.
That plan has the run to 2025 seeing sales rise slightly, Operating margins rising slightly. EBITDA margins at last year's level or better, and Operating CF like last year. 
They also announced a buyback which they hoped would help them boost ROE and PBR to 1.0x as quickly as possible. The TSE pressure is working. 


JVC Kenwood (6632) - After Two Banner Years, Earnings to Fall, but Large Buyback For 6mos