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

JAPAN ACTIVISM:  Activist Elliott Takes on Mitsui Fudosan (8801)

Keisei Electric Rail (9009) - A BUYBACK! But It's Likely To Be Crossholders Selling in ToSTNeT-3

Oriental Land Co Placement - Relatively Small One to Digest, Overhang Might Not Be as Large

Ueda's BOJ Looking Like Ueda's Pre-BOJ Opinions, but Normalisation Is "A Work in Progress."

TSE Action to Implement Management Conscious of Capital Cost and Stock Price - The Data Tool

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

Rakuten Bank - In Japan With 65% Loan Growth

Quiddity Advisors

Event-Driven

<ul>
<li>In mid-January, the TSE announced a "name-and-shame" list where they listed all the companies which had put forth a disclosure about 【資本コストや株価を意識した経営の実現に向けた対応】.  But they did not actually shame.</li>
<li>The list shows which companies have disclosed a policy/consideration. But no data/links. We have the links. On Feb 1, the TSE put out a <strong><a href="https://www.jpx.co.jp/english/news/1020/u5j7e50000001bqd-att/240201en.pdf" target="_blank" rel="noopener">presentation</a></strong> and set of <strong><a href="https://www.jpx.co.jp/english/news/1020/u5j7e50000001bqd-att/240201en2.pdf" target="_blank" rel="noopener">case studies</a>.</strong>
</li>
<li>Designed to present the "Investor's Point of View", they have unexpectedly worthwhile advice/commentary for corporates. The TSE appears to be trying hard to prompt serious consideration rather than box-ticking.</li>
</ul>


In mid-January, the TSE announced a "name-and-shame" list where they listed all the companies which had put forth a disclosure about 【資本コストや株価を意識した経営の実現に向けた対応】.  But they did not actually shame.
The list shows which companies have disclosed a policy/consideration. But no data/links. We have the links. On Feb 1, the TSE put out a presentation and set of case studies.

Designed to present the "Investor's Point of View", they have unexpectedly worthwhile advice/commentary for corporates. The TSE appears to be trying hard to prompt serious consideration rather than box-ticking.


Updated Tool for TSE "Mgmt Conscious of Capital Cost/Stock Price" And New Presentation/CaseStudies

TOPIX Banks Index

Updated Tool for TSE "Mgmt Conscious of Capital Cost/Stock Price" And New Presentation/CaseStudies