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

Daihatsu Diesel (6023) - Is Not Directly Auto-Tariff-Related

USTR Hearings on Section 301 China Maritime Dominance - Fees on Chinese Ships

*NEW* USTR Section 301 Proposed Actions on China Maritime Dominance

The USTR's New "Proposed Actions" For Section 301 Investigation on China's Maritime/Shipping Sectors

Daihatsu Diesel's (6023) Big Buyback and Quasi Change of Control

Yangzijiang Shipbuilding (YZJSGD SP) Rolls Over As The US Seeks To Curb China's Shipping Dominance

Quiddity Advisors

Equity Bottom-Up

<ul>
<li>In late January, <a href="https://www.smartkarma.com/entities/daihatsu-diesel-mfg-co-ltd" target="_blank" data-smartkarma-citation="entities:12455:1" rel="noopener">Daihatsu Diesel Mfg (6023 JP)</a> announced its once/former parent would sell all its shares; in part to a private company in the industry and a 20% buyback.</li>
<li>The buyback - a below-market own-share tender offer - was priced low enough to be a big win. Accretion added to that. </li>
<li>Buyback Tender Results and External Changes signal overhang and opportunity. Either way, it's cheap, but good governance could make it even cheaper.</li>
</ul>


In late January, Daihatsu Diesel Mfg (6023 JP) announced its once/former parent would sell all its shares; in part to a private company in the industry and a 20% buyback.
The buyback - a below-market own-share tender offer - was priced low enough to be a big win. Accretion added to that. 
Buyback Tender Results and External Changes signal overhang and opportunity. Either way, it's cheap, but good governance could make it even cheaper.


Daihatsu Diesel (6023) Buyback Tender Results Signal Overhang and Opportunity

Daihatsu Infinearth

Daihatsu Diesel (6023) Buyback Tender Results Signal Overhang and Opportunity