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>Morinaga &amp; Co is selling down a near-10% stake in Morinaga Milk in a ToSTNeT-3 buyback on 1 March. </li>
<li>Morinaga Milk will see an EPS and ROE uplift. Eventually, there are a lot more cross-holdings to buy back.</li>
<li>Near-, medium-, and longer-term there are different flow patterns worth understanding if you have a position or are looking for one. If you want to sell lots, you can tomorrow.</li>
</ul>


Morinaga &amp; Co is selling down a near-10% stake in Morinaga Milk in a ToSTNeT-3 buyback on 1 March. 
Morinaga Milk will see an EPS and ROE uplift. Eventually, there are a lot more cross-holdings to buy back.
Near-, medium-, and longer-term there are different flow patterns worth understanding if you have a position or are looking for one. If you want to sell lots, you can tomorrow.


Morinaga (2201) Mostly Exits Morinaga Milk (2264) - Big Buyback

Morinaga Milk Industry Co

Morinaga (2201) Mostly Exits Morinaga Milk (2264) - Big Buyback