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 JP) Takeover - Still Buy Dips, and Ibiden (4062 JP)

Shinko Electric (6967 JP) Takeover - THIS Is a Dip to Buy

Update: Shinko Electric (6967) Shorter-Dated and Break Risk Small but GAP RISK Now Much Higher

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

Shinko Electric (6967) Deal Approval Delayed; From Here, Big Gap-, Small Break-, Some Delay-Risk

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Quiddity Advisors

Event-Driven

<ul>
<li>Late last month, <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> announced that the JIC consortium Tender Offer due to be launched by end-August would be delayed. Next update? January 2025.</li>
<li>Everyone was expecting a delay, but that caused the stock to fall. Then tech/AI fell out of bed, Ibiden crashed, then China export restrictions noise/pushback caused further delay.</li>
<li>I saw a 9% gross spread yesterday and thought "Geez", that's a buy." A day later, it's 6%. Still wide, still interesting. And that has set a boundary.</li>
</ul>


Late last month, Shinko Electric Industries (6967 JP) announced that the JIC consortium Tender Offer due to be launched by end-August would be delayed. Next update? January 2025.
Everyone was expecting a delay, but that caused the stock to fall. Then tech/AI fell out of bed, Ibiden crashed, then China export restrictions noise/pushback caused further delay.
I saw a 9% gross spread yesterday and thought "Geez", that's a buy." A day later, it's 6%. Still wide, still interesting. And that has set a boundary.


Shinko Electric (6967 JP) Takeover - Time To Buy Dips, and Ibiden (4062 JP)

Ibiden Co Ltd

Shinko Electric (6967 JP) Takeover - Time To Buy Dips, and Ibiden (4062 JP)