Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Equity Bottom-Up

<ul>
<li>Back in June 2017, <a href="https://www.smartkarma.com/entities/toray-industries-inc" target="_blank" data-smartkarma-citation="entities:625:1" rel="noopener">Toray Industries (3402 JP)</a> acquired a 28.03% stake in <a href="https://www.smartkarma.com/entities/pacific-textiles-holdings" target="_blank" data-smartkarma-citation="entities:12638:1" rel="noopener">Pacific Textiles (1382 HK)</a> (@ HK$10/share). Rumours that Toray would take this stake to 50% never unfolded.</li>
<li>Pacific Textiles is currently trading at HK$1.30/share, its lowest level outside of the GFC. </li>
<li>Relatively inexpensive, high digit yield and M&amp;A angle, Pacific Textiles remains attractive. This is supported by the recent Offer for <a href="https://www.smartkarma.com/entities/weiqiao-textile-co" target="_blank" data-smartkarma-citation="entities:3690:1" rel="noopener">Weiqiao (2698 HK)</a> and David Webb taking a 5% stake. </li>
</ul>


Back in June 2017, Toray Industries (3402 JP) acquired a 28.03% stake in Pacific Textiles (1382 HK) (@ HK$10/share). Rumours that Toray would take this stake to 50% never unfolded.
Pacific Textiles is currently trading at HK$1.30/share, its lowest level outside of the GFC. 
Relatively inexpensive, high digit yield and M&amp;A angle, Pacific Textiles remains attractive. This is supported by the recent Offer for Weiqiao (2698 HK) and David Webb taking a 5% stake. 


Pacific Textiles (1382 HK): Material Benefits

Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Oracle's good numbers pulling AI and DC related names up, while Samsung failing its NVDA HBM certification (again) positive for Micron.</li>
<li>Tencent is back at the table looking to bid for Nexon, whose outstanding short interest could see a rapid squeeze.</li>
<li>All the good news out for Konami? Looks like it after their even last night with further upside catalysts lacking.</li>
</ul>


Oracle's good numbers pulling AI and DC related names up, while Samsung failing its NVDA HBM certification (again) positive for Micron.
Tencent is back at the table looking to bid for Nexon, whose outstanding short interest could see a rapid squeeze.
All the good news out for Konami? Looks like it after their even last night with further upside catalysts lacking.


Japan Morning Connection: Air India Crash Sends Boing Lower, AMD's AI Event Fails to Impress

<ul>
<li>NVDA pricing in numbers positive and Dell AH sets a good tone for AI related.</li>
<li>Renesas pulling out of SiC points to problems with Wolfspeed supplies and may be positive Rohm.</li>
<li>Boeing up with 737 Max production increasing and China about to resume deliveries.</li>
</ul>


NVDA pricing in numbers positive and Dell AH sets a good tone for AI related.
Renesas pulling out of SiC points to problems with Wolfspeed supplies and may be positive Rohm.
Boeing up with 737 Max production increasing and China about to resume deliveries.


Japan Morning Connection: Markets Up, but Excitement Fading with More Tariff Uncertainty Ahead

<ul>
<li>UK deal and anticipation of a positive outcome to China talks lifting positioning into risk assets.</li>
<li>Quantum computing names flying after D-wave numbers may lift Socionext.</li>
<li>Nintendo numbers obviously conservative, while Ibiden points to a bigger NVDA product mix + index upside.</li>
</ul>


UK deal and anticipation of a positive outcome to China talks lifting positioning into risk assets.
Quantum computing names flying after D-wave numbers may lift Socionext.
Nintendo numbers obviously conservative, while Ibiden points to a bigger NVDA product mix + index upside.


Japan Morning Connection: Market Risk on with Trump Telling Punters to Buy Ahead of W/E

<ul>
<li>NVDA possibly facing issues with its new chip, which may involve its Microsoft partnership.</li>
<li>Intel's 18A process is claiming solid performance and interest from likes of Broadcom.</li>
<li>Poor numbers from Hexel should add more downside pressure to JP CF makers.</li>
</ul>


NVDA possibly facing issues with its new chip, which may involve its Microsoft partnership.
Intel's 18A process is claiming solid performance and interest from likes of Broadcom.
Poor numbers from Hexel should add more downside pressure to JP CF makers.


Japan Morning Connection: US Markets Pushing Back on Trump-Powell Tensions

Japan

TORAY INDUSTRIES, INC. manufactures yarns, synthetic fibers, and man-made leather used as apparel and industrial materials.  The Company also makes chemical products such as polyester films, engineering plastics, and resin materials.  Toray develops information equipment such as electronic circuit and liquid crystal color filter.

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Toray Industries (3402 JP)

Pacific Textiles (1382 HK): Material Benefits

The key factors which made Pacific Textiles attractive previously (value, solid dividend, M&A angle) remain intact. If small-cap names are your...

David Blennerhassett

Japan Morning Connection: Air India Crash Sends Boing Lower, AMD's AI Event Fails to Impress

Tech and Semi's led higher by Oracle, setting upbeat tone for AI and data center related plays. Watch for knock on effects from recent Boeing 787...

Andrew Jackson

Japan Morning Connection: Markets Up, but Excitement Fading with More Tariff Uncertainty Ahead

Rohm may benefit from one less competitor as Renesas drops out of SiC. May be an opportunity to buy into the dip for Bandai Namco. Boeing up with...

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Positioning into risk assets with UK deal and China talks, Socionext may benefit from D-wave numbers; may be opportunity to buy into the dip for...

Andrew Jackson

Japan Morning Connection: US Markets Pushing Back on Trump-Powell Tensions

Tech and AI fall further with NVDA facing issues with new chip, with Intel as a relative outperformer. Hexel's poor numbers impacting JP Carbon...

Andrew Jackson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Pacific Textiles (1382 HK): Material Benefits

The key factors which made Pacific Textiles attractive previously (value, solid dividend, M&A angle) remain intact. If small-cap names are your...

David Blennerhassett

Japan Morning Connection: Air India Crash Sends Boing Lower, AMD's AI Event Fails to Impress

Tech and Semi's led higher by Oracle, setting upbeat tone for AI and data center related plays. Watch for knock on effects from recent Boeing 787...

Andrew Jackson

Japan Morning Connection: Markets Up, but Excitement Fading with More Tariff Uncertainty Ahead

Rohm may benefit from one less competitor as Renesas drops out of SiC. May be an opportunity to buy into the dip for Bandai Namco. Boeing up with...

Andrew Jackson

Japan Morning Connection: Market Risk on with Trump Telling Punters to Buy Ahead of W/E

Positioning into risk assets with ​UK deal and China talks, Socionext may benefit from D-wave numbers; may be opportunity to buy into the dip for...

Andrew Jackson

Japan Morning Connection: US Markets Pushing Back on Trump-Powell Tensions

​Tech and AI fall further with NVDA facing issues with new chip, with Intel as a relative outperformer. Hexel's poor numbers impacting JP Carbon...

Andrew Jackson

Positioning into risk assets with UK deal and China talks, Socionext may benefit from D-wave numbers; may be opportunity to buy into the dip for...

Tech and AI fall further with NVDA facing issues with new chip, with Intel as a relative outperformer. Hexel's poor numbers impacting JP Carbon...