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

StubWorld: Cathay Pacific - Still Grounded

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

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

StubWorld: Swire Shedding Property Amidst Leasing Funk

StubWorld: Swire's All-Time Low Stub, But ..

Swire Pacific: Oslo Spin-Off For Windfarm Installation Ops

Quiddity Advisors

Event-Driven

<ul>
<li>In its latest traffic figure <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2021/1117/2021111700289.pdf" target="_blank" rel="noopener">release</a>, <a href="https://www.smartkarma.com/entities/cathay-pacific-airways-ltd" target="_blank" data-smartkarma-citation="entities:243:1" rel="noopener">Cathay Pacific (293 HK)</a> said it's been able to achieve close to operating cash breakeven for the four-month period from July to October 2021.</li>
<li>Cathay carried a total of 76,430 passengers in October, an increase of 98.3% compared to October 2020, but a 97.2% decrease compared to the pre-pandemic level in October 2019.</li>
<li>Separately, <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>'s discount to NAV of ~50% is bang in line with its 12-month average.</li>
</ul>


In its latest traffic figure release, Cathay Pacific (293 HK) said it's been able to achieve close to operating cash breakeven for the four-month period from July to October 2021.
Cathay carried a total of 76,430 passengers in October, an increase of 98.3% compared to October 2020, but a 97.2% decrease compared to the pre-pandemic level in October 2019.
Separately, Swire Pacific (A) (19 HK)'s discount to NAV of ~50% is bang in line with its 12-month average.


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