Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

HK Type 4 license through Ballingal Investment Advisors Ltd. 

I'm a highly experienced sell-side analyst with in excess of 22 years of covering Asia Pacific equities, the past 19 years immersed in event strategies encompassing M&A risk arbitrage, directional long/short, stub trades and restructuring.  

My background also includes accountancy (liquidation/bankruptcy/receivership) earlier in my career and as a chief financial officer of a global commodity company based in the US and Mexico.

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<a href="https://www.smartkarma.com/entities/17638" target="_blank" data-smartkarma-citation="entities:17638:1">Intouch Holdings Pcl (INTUCH TB)</a>’s discount to NAV has widened to 15.8% against its 12-month average of 15%.The “stub” assets are about as uncomplicated as you can get – it’s just cash. While the dividend pass through from 40.45% held subsidiary <a href="https://www.smartkarma.com/entities/947" target="_blank" data-smartkarma-citation="entities:947:1">Advanced Info Service Pcl (ADVANC TB)</a> (accounting for 94% of NAV), is 100%.There’s not a lot in it, in terms of the discount spread versus the average. And there needn’t be given the simplicity of the structure. Is the parent discount looking a tad stretched? More below the fold.

Intouch Holdings Pcl (INTUCH TB)’s discount to NAV has widened to 15.8% against its 12-month average of 15%.The “stub” assets are about as uncomplicated as you can get – it’s just cash. While the dividend pass through from 40.45% held subsidiary Advanced Info Service Pcl (ADVANC TB) (accounting for 94% of NAV), is 100%.There’s not a lot in it, in terms of the discount spread versus the average. And there needn’t be given the simplicity of the structure. Is the parent discount looking a tad stretched? More below the fold.

Intouch Holdings

Intouch - Stretched Parenting?