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

Inpex (1605 JP) - Earnings, Forecasts and a BIGLY Buyback (Aug 2023 Version)

Inpex – Upside Remains After Revised Guidance

INPEX Buyback Offers 2 Opportunities - INPEX (1605 JP)

Quiddity Advisors

Event-Driven

<ul>
<li>Today <a href="https://www.smartkarma.com/entities/inpex-corp" target="_blank" data-smartkarma-citation="entities:20665:1" rel="noopener">Inpex Corp (1605 JP)</a> announced Q2 earnings (<a href="https://www.inpex.co.jp/english/ir/library/pdf/result/e-result20220808.pdf" target="_blank" rel="noopener">results</a>, <a href="https://www.inpex.co.jp/english/ir/pdf/e20220808_c.pdf" target="_blank" rel="noopener">presentation</a>), a revised <a href="https://www.inpex.co.jp/english/news/assets/pdf/20220808.pdf" target="_blank" rel="noopener">full-year forecast</a> due to higher crude and lower yen, an 11%-above-guidance dividend, and a big buyback.</li>
<li>The buyback is for up to 120mm shares spending up to ¥120bn, to run through year-end. Practically speaking, it is limited to 80mm shares or so at current price. </li>
<li>This should be a non-negligible portion of Real World Float, and I expect the buyback to have impact over the next five months.</li>
</ul>


Today Inpex Corp (1605 JP) announced Q2 earnings (results, presentation), a revised full-year forecast due to higher crude and lower yen, an 11%-above-guidance dividend, and a big buyback.
The buyback is for up to 120mm shares spending up to ¥120bn, to run through year-end. Practically speaking, it is limited to 80mm shares or so at current price. 
This should be a non-negligible portion of Real World Float, and I expect the buyback to have impact over the next five months.


PTT Exploration & Production P (PTTEP-R TB)

CNOOC Energy Technology & Serv (600968 CH)

Inpex (1605 JP) - Earnings, Forecasts and a BIGLY Buyback