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

LG Chem: Considering Higher Dividend Payout Using Sale Proceeds from LGES

LG Corp: NAV Analysis Suggests a 29% Upside, Likely to Catch Up to LG Chem

Quiddity Advisors

Event-Driven

<ul>
<li>Last week, London-based activist Palliser Capital tapped <strong><a href="https://www.smartkarma.com/entities/lg-chem-ltd" target="_blank" data-smartkarma-citation="entities:3583:1" rel="noopener">LG Chem (051910 KS)</a></strong> to remedy its NAV market discount. Palliser also said it now holds a little over 1% in LG Chem.</li>
<li>LG Chem's large NAV discount is well known. It has been present since ~82%-held <strong><a href="https://www.smartkarma.com/entities/lg-energy-solution" target="_blank" data-smartkarma-citation="entities:33464:1" rel="noopener">LG Energy Solution (373220 KS)</a> (LGES) </strong>was listed in January 2022. </li>
<li>An obvious solution is to pare down the LGES stake, and buy back shares. Yet the discount remains as the market views management as being (stubbornly) set in their ways.</li>
</ul>


Last week, London-based activist Palliser Capital tapped LG Chem (051910 KS) to remedy its NAV market discount. Palliser also said it now holds a little over 1% in LG Chem.
LG Chem's large NAV discount is well known. It has been present since ~82%-held LG Energy Solution (373220 KS) (LGES) was listed in January 2022. 
An obvious solution is to pare down the LGES stake, and buy back shares. Yet the discount remains as the market views management as being (stubbornly) set in their ways.


LG Chem (051910 KS): Palliser Targets Steep NAV Discount

LG Chem Ltd

LG Chem (051910 KS): Palliser Targets Steep NAV Discount