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

Shinko Electric (6967) - Break/Gap Risk Update

Shinko Electric (6967) - Break/Gap Risk Early May 2024 Update

Shinko Electric (6967) - Break/Gap Risk Early June 2024 Update

JSR (4185) - Reporters Reportedly Report Conditions Such That JIC Deal Could Come Soon

Shinko Electric (6967) Takeover:  Changing Break/Gap Risk as Comps Gain

JIC Deal For Shinko Electric Is LIGHT, and There's Room To Complain, But Will Trade Wide

JSR (4185) - Updated Information in SUNY Lawsuit, and Other Developments

JSR (4185) - Possible Trouble in Arb Land as SUNY/CNSE Files Suit Against JSR Sub Inpria

Quiddity Advisors

Event-Driven

Shinko Electric Industries / Event-Driven

<ul>
<li>Seven weeks ago I wrote about <a href="https://www.smartkarma.com/entities/shinko-electric-industries" target="_blank" data-smartkarma-citation="entities:15066:1" rel="noopener">Shinko Electric Industries (6967 JP)</a>'s changing Break/Gap Risk as comps had gained. Shinko was cheap to its main comp and peers vs Announcement Date. </li>
<li>Since then, Shinko is +4.1% and direct peer <a href="https://www.smartkarma.com/entities/ibiden-co-ltd" target="_blank" data-smartkarma-citation="entities:16630:1" rel="noopener">Ibiden Co Ltd (4062 JP)</a> is -14.5%. This has erased Shinko's underperformance since announcement, and shrunk a 9% spread to 3.3% yesterday. </li>
<li>With the spread tighter and tech showing some weakness, I'd be happy unwinding at yesterday's closing spread (3.3%). </li>
</ul>


Seven weeks ago I wrote about Shinko Electric Industries (6967 JP)'s changing Break/Gap Risk as comps had gained. Shinko was cheap to its main comp and peers vs Announcement Date. 
Since then, Shinko is +4.1% and direct peer Ibiden Co Ltd (4062 JP) is -14.5%. This has erased Shinko's underperformance since announcement, and shrunk a 9% spread to 3.3% yesterday. 
With the spread tighter and tech showing some weakness, I'd be happy unwinding at yesterday's closing spread (3.3%). 


Shinko Electric (6967) - Break/Gap Risk Is Considerably Changed Now