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

Equity Bottom-Up

Japan has been releasing quarterly earnings for a bit over 10 years. For large stocks, consensus estimates are available. Some stocks have interesting patterns of performance around the earnings announcement date on an outright basis or against peers. Unfortunately, while <a href="https://www.smartkarma.com/entities/623" target="_blank" data-smartkarma-citation="entities:623">NTT</a> is one of those showing interesting performance skew (see the <a href="https://www.smartkarma.com/insights/ntt-earnings-release-history-interesting-near-term-performance-skew" target="_blank">accompanying piece</a>), <a href="https://www.smartkarma.com/entities/639" target="_blank" data-smartkarma-citation="entities:639">KDDI</a> is not. In the last 20 quarters through Q3 FY2016, KDDI's quarterly earnings beat consensus 70% of the time and the stock was up the…

Japan has been releasing quarterly earnings for a bit over 10 years. For large stocks, consensus estimates are available. Some stocks have interesting patterns of performance around the earnings announcement date on an outright basis or against peers. Unfortunately, while NTT is one of those showing interesting performance skew (see the accompanying piece), KDDI is not. In the last 20 quarters through Q3 FY2016, KDDI's quarterly earnings beat consensus 70% of the time and the stock was up the…

NTT (Nippon Telegraph & Telephone) (9432 JP)

KDDI Earnings Release Performance Skew: Not Much There

KDDI Corp

KDDI Earnings Release Performance Skew: Not Much There