Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

HK Type 4 license through Ballingal Investment Advisors Ltd. 

I'm a highly experienced sell-side analyst with in excess of 22 years of covering Asia Pacific equities, the past 19 years immersed in event strategies encompassing M&A risk arbitrage, directional long/short, stub trades and restructuring.  

My background also includes accountancy (liquidation/bankruptcy/receivership) earlier in my career and as a chief financial officer of a global commodity company based in the US and Mexico.

Pan-Asia Catalysts/Events

Sands China (1928 HK): Gambling On The Future

StubWorld: Gambling On Macau's Gaming Concession Renewal

StubWorld: Consultation Batters Macau Gaming Counters

KWG Living (合景悠活) IPO - Not Cheap but Strong Lineup of Investors Helps

KWG Living (合景悠活) Pre-IPO - Updates from PHIP - Resilient Performance and Better Disclosure

Quiddity Advisors

Event-Driven

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<p>This week in StubWorld ...</p>
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<a href="https://www.smartkarma.com/entities/kwg-group-holdings-ltd" target="_blank" data-smartkarma-citation="entities:12601:1" rel="noopener"></a>Reportedly <a href="https://www.smartkarma.com/entities/las-vegas-sands-corp" target="_blank" data-smartkarma-citation="entities:807:1" rel="noopener">Las Vegas Sands (LVS US)</a> is exploring the sale of its Las Vegas hotel-casinos, the result of which would concentrate its gaming portfolio in Macau and Singapore. <br><br><a href="https://www.smartkarma.com/entities/cellnex-telecom-sau" target="_blank" data-smartkarma-citation="entities:21258:1" rel="noopener">Cellnex Telecom Sau (CLNX SM)</a> is understood to be in advanced talks to acquire <a href="https://www.smartkarma.com/entities/ck-hutchison-holdings-ltd" target="_blank" data-smartkarma-citation="entities:132:1" rel="noopener">CK Hutchison Holdings (1 HK)</a>’s European wireless tower business.</div>
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<p>Preceding my comments on LVS and CK Hutch are the weekly setup/unwind tables for Asia-Pacific Holdcos.</p>
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<p>These relationships trade with a minimum liquidity threshold of US$1mn on a 90-day moving average, and a % market capitalisation threshold - the $ value of the holding/opco held, over the parent’s market capitalisation, expressed as a % - of at least 20%.</p>
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This week in StubWorld ...



Reportedly Las Vegas Sands (LVS US) is exploring the sale of its Las Vegas hotel-casinos, the result of which would concentrate its gaming portfolio in Macau and Singapore.   Cellnex Telecom Sau (CLNX SM) is understood to be in advanced talks to acquire CK Hutchison Holdings (1 HK)’s European wireless tower business.


Preceding my comments on LVS and CK Hutch are the weekly setup/unwind tables for Asia-Pacific Holdcos.




These relationships trade with a minimum liquidity threshold of US$1mn on a 90-day moving average, and a % market capitalisation threshold - the $ value of the holding/opco held, over the parent’s market capitalisation, expressed as a % - of at least 20%.




StubWorld: Macau/Sing Focus As LVS To Ditch LV; CK Hutch In Tower Talks