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

Thinking About Japanese Banks - Go Big, Go Small, Go Insurance

[Japan Buybacks] - Japan Bank Metrics, Cross-Holdings and Banks Part 1

Hokkoku Financial Holdings (7381 JP): Full-year FY03/25 flash update

Tomony Holdings (8600 JP) - Regional Bank NEW SHARE Issue - Not What You Want To See, But Buy Anyway

Quiddity Advisors

Event-Driven

<ul>
<li>A Nikkei article Friday morning suggested that <a href="https://www.smartkarma.com/entities/shizuoka-financial-group-inc" target="_blank" data-smartkarma-citation="entities:36610:1" rel="noopener">Shizuoka Financial Group (5831 JP)</a> would integrate <a href="https://www.smartkarma.com/entities/bank-of-nagoya-ltd" target="_blank" data-smartkarma-citation="entities:6348:1" rel="noopener">Bank Of Nagoya (8522 JP)</a> in 2028 putting it into the top 5 regionals in Japan.</li>
<li>This comes a day after DHFG (7327 JP) and Gunma Bank (8334 JP) announced terms of their integration, following a year of discussions. Both Shizugin (+6.5%) and NagoyaBk (+15.1%) popped.</li>
<li>Expect a merger ratio to come in a year, with the merger coming in two. It's a long slog of "Guess The Ratio". Not worth a bet here.</li>
</ul>


A Nikkei article Friday morning suggested that Shizuoka Financial Group (5831 JP) would integrate Bank Of Nagoya (8522 JP) in 2028 putting it into the top 5 regionals in Japan.
This comes a day after DHFG (7327 JP) and Gunma Bank (8334 JP) announced terms of their integration, following a year of discussions. Both Shizugin (+6.5%) and NagoyaBk (+15.1%) popped.
Expect a merger ratio to come in a year, with the merger coming in two. It's a long slog of "Guess The Ratio". Not worth a bet here.


[Japan M&A] Shizuoka FG (5831) And Nagoya Bank (8522) Talk 2028 Merger; Don't Guess The Ratio Here