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

Quiddity Advisors

Event-Driven

<ul>
<li>In mid-May 2026, <a href="https://www.smartkarma.com/entities/kawasaki-kisen-kaisha-ltd" target="_blank" data-smartkarma-citation="entities:3548:1" rel="noopener">Kawasaki Kisen Kaisha (9107 JP)</a> said that in preparation for its next Mid-Term-Management-Plan starting next year, they allocated ¥50bn to a buyback, and ¥80bn more sometime later. </li>
<li>On 29 May, KLINE decided "sometime later" meant now. They upped their buyback plan from ¥50bn to ¥130bn and started with a big ToSTNeT-3. Insiders agreed. They sold ¥50.7bn. </li>
<li>The other ¥79.3bn/24.8mm shares will be bought in the market over four months. At current price, that's ¥62bn. Expect more later. </li>
</ul>


In mid-May 2026, Kawasaki Kisen Kaisha (9107 JP) said that in preparation for its next Mid-Term-Management-Plan starting next year, they allocated ¥50bn to a buyback, and ¥80bn more sometime later. 
On 29 May, KLINE decided "sometime later" meant now. They upped their buyback plan from ¥50bn to ¥130bn and started with a big ToSTNeT-3. Insiders agreed. They sold ¥50.7bn. 
The other ¥79.3bn/24.8mm shares will be bought in the market over four months. At current price, that's ¥62bn. Expect more later. 


[Japan Buyback] Kawasaki Kisen/KLINE (9107) - Big Buyback Advanced in Size and Timing, More Later