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

Swire A Vs Swire B - Regulatory Nuances REALLY Matter

Swire Buyback Update - It's On, and Regulatorily Constrained

StubWorld: Swire's NAV Discount Further Narrows As Buyback Kicks Off

Swire Pac (19 HK): Cathay's Operating Cash (Almost) Breaking Even

StubWorld: Cathay Pacific - Still Grounded

StubWorld: Swire Acquires Coke's Ops in Vietnam & Cambodia

Quiddity Advisors

Event-Driven

<ul>
<li>Today <a href="https://www.smartkarma.com/entities/swire-pacific-ltd-cl-a" target="_blank" data-smartkarma-citation="entities:10433:1" rel="noopener">Swire Pacific (A) (19 HK)</a> (and <a href="https://www.smartkarma.com/entities/swire-pacific-ltd" target="_blank" data-smartkarma-citation="entities:23726:1" rel="noopener">Swire Pacific Ltd-Cl B (87 HK)</a>) announced earnings, and they announced a large (HK$4bn) buyback.  </li>
<li>Details are somewhat thin, but there are a bunch of possibilities, and all of them should have non-negligible impact on Swire and Swire vs Peers. </li>
<li>The immediate market response was to send them up 10% on the day. That puts both at <em>somewhere near</em> one-year highs, but the discount to NAV is still big.</li>
</ul>


Today Swire Pacific (A) (19 HK) (and Swire Pacific Ltd-Cl B (87 HK)) announced earnings, and they announced a large (HK$4bn) buyback.  
Details are somewhat thin, but there are a bunch of possibilities, and all of them should have non-negligible impact on Swire and Swire vs Peers. 
The immediate market response was to send them up 10% on the day. That puts both at somewhere near one-year highs, but the discount to NAV is still big.


Swire A/B (19 HK / 87 HK) Buyback Programme - It's REALLY BIG