Asia Long-Short PM/Analyst

Curtis Lehnert

Event-Driven

NTT (Nippon Telegraph & Telephone) / Event-Driven

NTT (Nippon Telegraph & Telephone) (9432 JP)

In my original insight on November 4, 2018 <a href="https://www.smartkarma.com/insights/trade-idea-ntt-9432-jp-stub-overreaction-to-docomo-rate-cuts" target="_blank" data-smartkarma-citation="insights:25581">TRADE IDEA: NTT (9432 JP) Stub - Overreaction to Docomo Rate Cuts</a>, I proposed setting up a stub trade to profit from the mis-pricing of the core telco, communications and data business. During the 22 calendar days following my proposed the trade, <a href="https://www.smartkarma.com/entities/623" target="_blank" data-smartkarma-citation="entities:623:1">NTT (Nippon Telegraph &amp; Telephone) (9432 JP)</a> has rallied over 11% and the discount to NAV has narrowed from ~26% to ~19%. I recommend closing the trade.
In this insight I will discuss:
<ul>
<li>Performance of ALL my recommended stub trades</li>
<li>a post-mortem trade analysis on the NTT stub</li>
</ul>

In my original insight on November 4, 2018 TRADE IDEA: NTT (9432 JP) Stub - Overreaction to Docomo Rate Cuts, I proposed setting up a stub trade to profit from the mis-pricing of the core telco, communications and data business. During the 22 calendar days following my proposed the trade, NTT (Nippon Telegraph &amp; Telephone) (9432 JP) has rallied over 11% and the discount to NAV has narrowed from ~26% to ~19%. I recommend closing the trade.
In this insight I will discuss:

Performance of ALL my recommended stub trades
a post-mortem trade analysis on the NTT stub


NTT (9432 JP) Stub: The Catalyst Has Come, Close the Trade