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

Quiddity Advisors

Event-Driven

<ul>
<li>On Thursday morning, <a href="https://www.smartkarma.com/entities/yuexiu-property-co-ltd" target="_blank" data-smartkarma-citation="entities:18097:1" rel="noopener">Yuexiu Property (123 HK)</a> halted trading in its shares and then later in the day announced a rights offering. Shares fell hard but gained back a little.</li>
<li>The rights offering lowers BVPS by about 11.3% so the current price is "about right" for the fundamentals if the price the day before the news was right.</li>
<li>There are, however, flow dynamics which are of interest. There almost always are.</li>
</ul>


On Thursday morning, Yuexiu Property (123 HK) halted trading in its shares and then later in the day announced a rights offering. Shares fell hard but gained back a little.
The rights offering lowers BVPS by about 11.3% so the current price is "about right" for the fundamentals if the price the day before the news was right.
There are, however, flow dynamics which are of interest. There almost always are.


Yuexiu Real Estate Investment Trust (405 HK)

Yuexiu Property

Yuexiu Property (123 HK) Rights Offering