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

JCR Pharma (4552) - Uglyish In-Line Results But a Buyback Opportunity for Someone

KLINE (9107) - More Profit, More Shareholder Return 3mo Buyback Inbound

KLINE (9107) Ups Shareholder Return - Fun & Games May Ensue

Quiddity Advisors

Event-Driven

<ul>
<li>In May, <a href="https://www.smartkarma.com/entities/kawasaki-kisen-kaisha-ltd" target="_blank" data-smartkarma-citation="entities:3548:1" rel="noopener">Kawasaki Kisen Kaisha (9107 JP)</a> announced better revenue, mixed OP, and in-line NP. Then for this year they announced bte Revenue, slightly bte OP, and ever-so-slightly-better NP guidance.</li>
<li>Then they announced a big ¥100bn buyback, discussed <a href="https://www.smartkarma.com/insights/kline-9107-more-profit-more-shareholder-return-3mo-buyback-inbound" target="_blank" rel="noopener">here</a>, doing ¥90.8bn quickly. Since then, ONE-derived dividends have been higher than people expected a year ago.  More cash. More shareholder returns</li>
<li>Now they have raised their capital return guidance for this MTMP, and upped to an additional ¥180bn beyond the existing increased guidance. That starts with ¥90bn of ToSTNeT-3 near-term.</li>
</ul>


In May, Kawasaki Kisen Kaisha (9107 JP) announced better revenue, mixed OP, and in-line NP. Then for this year they announced bte Revenue, slightly bte OP, and ever-so-slightly-better NP guidance.
Then they announced a big ¥100bn buyback, discussed here, doing ¥90.8bn quickly. Since then, ONE-derived dividends have been higher than people expected a year ago.  More cash. More shareholder returns
Now they have raised their capital return guidance for this MTMP, and upped to an additional ¥180bn beyond the existing increased guidance. That starts with ¥90bn of ToSTNeT-3 near-term.


Kline (9017) - Better Earnings, Another Buyback, Maybe Games, Maybe Market Impact