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

Japan 2025 H1 Bank Guidance/Results - Strong Upward Revisions Like Last Year - Likely More To Come

JAPAN ACTIVISM: Silchester Goes After Bk of Iwate - Cheaper Than Chips

JAPAN ACTIVISM:  Silchester AGM Effort Fails But Bank of Iwate (8345) Is Cheap As Chips

Japan 2024 H1 Bank Guidance/Results - Better and Better

7&I (3382) Selldown of Seven Bank (8410) Is Good, Not Bad

Quiddity Advisors

Event-Driven

<ul>
<li>This four-day week saw 10 new guidance revisions (+61% on average), and 21 H1 earnings results (13 which hadn't guided, averaging +41%, 8 which had, averaging 5.7% uplift vs guidance)</li>
<li>It was a Good Week, though banks fell 0.4% as TOPIX fell 1% on the week. </li>
<li>Once again, lower credit costs, higher net interest income, and some equity sales dominated. H2 implied guidance lower in many cases, some because of expected portfolio rebalancing (loss-taking).</li>
</ul>


This four-day week saw 10 new guidance revisions (+61% on average), and 21 H1 earnings results (13 which hadn't guided, averaging +41%, 8 which had, averaging 5.7% uplift vs guidance)
It was a Good Week, though banks fell 0.4% as TOPIX fell 1% on the week. 
Once again, lower credit costs, higher net interest income, and some equity sales dominated. H2 implied guidance lower in many cases, some because of expected portfolio rebalancing (loss-taking).


Japan 2025 H1 Bank Guidance/Results UPDATE - Strong Uplift Continues on Better Core Biz Income

Bank Of Iwate

Japan 2025 H1 Bank Guidance/Results UPDATE - Strong Uplift Continues on Better Core Biz Income