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

Koito Mfg (7276) Bounces The Same as It Bounced in March On the Same News - An Echo? Meh Again.

[Japan Governance] FSA Urges Japan Non-Life Insurers to Eliminate Cross-Holdings - Sales Coming

The New Aisin (7259) MTP - Selling Crossholdings, Eventually

Koito Mfg (7276) - New Medium Term Plan, BIG Buyback, Even Bigger Shareholder Returns Planned

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Quiddity Advisors

Event-Driven

<ul>
<li>With a new Medium-Term Management Plan and a buyback, the stock was cheap as of Thursday's close. It was less cheap after it went limit up +25% on Friday.</li>
<li>That put it in the camp of "it may go up more but probably not a lot". It has told you about big divs and buybacks.</li>
<li>But model it up and they need to do more buybacks. Both to meet share price gains and the needs of legions of potential cross-holders looking to sell. </li>
</ul>


With a new Medium-Term Management Plan and a buyback, the stock was cheap as of Thursday's close. It was less cheap after it went limit up +25% on Friday.
That put it in the camp of "it may go up more but probably not a lot". It has told you about big divs and buybacks.
But model it up and they need to do more buybacks. Both to meet share price gains and the needs of legions of potential cross-holders looking to sell. 


Koito Mfg - Stock Over-Pops on New MTMP/Buyback; There Will Be Overhang

Koito Manufacturing

Koito Mfg - Stock Over-Pops on New MTMP/Buyback; There Will Be Overhang