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

A/H Premium Tracker (To 12 Sep 2025):  AH Premia Contract More, Spreads Volatile

A/H Premium Tracker (To 19 Sep 2025):  AH Premia Contract More, Spreads Still Volatile

A/H Premium Tracker (To 26 Sep 2025):  AH Premia Rise Across the Board

RMB Dual Counter Trading Is Coming - This Changes AH Relationships

A/H Premium Tracker (To 29 Aug 2025):  AH Premia Expand Again, Beautiful Skew Takes a Breather

A/H Premium Tracker (To 22 Aug 2025):  BIG Beautiful Skew Corrects

HK Connect SOUTHBOUND Flows (To 22 Aug 2025); Big Swing Out of ETFs Into Tech Realised

Quiddity Advisors

Event-Driven

China Communications Construction / Event-Driven

China Communications Construction (1800 HK)

<ul>
<li>"Beautiful Skew" came back slightly. Not huge, but OK. On average, liquid Hs outperformed their As by 0.8%.</li>
<li>Last week's short reco on <a href="https://www.smartkarma.com/entities/remegen-co-ltd" target="_blank" data-smartkarma-citation="entities:29191:1" rel="noopener">Remegen (9995 HK)</a> gained 8.3% on the week in Hs and the H underperformed the A by 7% Friday to Friday, 4.5% if VWAPed Monday.</li>
<li>AH premia are likely still in a widening phase but weakness in speculative A-shares may dampen overall moves even if pairs are volatile. New reco this week.</li>
</ul>


"Beautiful Skew" came back slightly. Not huge, but OK. On average, liquid Hs outperformed their As by 0.8%.
Last week's short reco on Remegen (9995 HK) gained 8.3% on the week in Hs and the H underperformed the A by 7% Friday to Friday, 4.5% if VWAPed Monday.
AH premia are likely still in a widening phase but weakness in speculative A-shares may dampen overall moves even if pairs are volatile. New reco this week.


China International Marine Cntnrs Gp (2039 HK)

China Communications Construct (601800 CH)

A/H Premium Tracker (To 5 Sep 2025):  AH Premia Contract Slightly, Beautiful Skew Better