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 Value] TRE Holdings (9247) Clear MTMP With Growth, and Hidden Asset Worth 1x MarketCap

[Japan Navel-Gazing] Thinking About The Value of Toshiba

[Japan M&A] - Denso Withdraws Rohm (6963) Takeover Proposal - Now It's Just Value

[Japan M&A] Rohm (6963) - Refreshing Rohm's Stake Value in Toshiba, and Thinking About NEWCO

Quiddity Advisors

Event-Driven

<ul>
<li>On 19 May 2026 I wrote <a href="https://www.smartkarma.com/insights/japan-navel-gazing-thinking-about-the-value-of-toshiba" target="_blank" data-smartkarma-citation="insights:238776" rel="noopener">[Japan Navel-Gazing] Thinking About The Value of Toshiba</a>. I pointed out that it was a fair bit more than people might think. </li>
<li>Since then, <a href="https://www.smartkarma.com/entities/kioxia-holdings-corp" target="_blank" data-smartkarma-citation="entities:29243:1" rel="noopener">Kioxia Holdings (285A JP)</a> shares are up 95% and the value of Toshiba's shares in Kioxia are up an additional ¥4trln.</li>
<li>That has repercussions. Since I wrote, one company told investors the impact on their results. There are read-throughs.</li>
</ul>


On 19 May 2026 I wrote [Japan Navel-Gazing] Thinking About The Value of Toshiba. I pointed out that it was a fair bit more than people might think. 
Since then, Kioxia Holdings (285A JP) shares are up 95% and the value of Toshiba's shares in Kioxia are up an additional ¥4trln.
That has repercussions. Since I wrote, one company told investors the impact on their results. There are read-throughs.


[More Japan Navel-Gazing] Thinking About The Value of Toshiba with Kioxia at ¥96k

ROHM Co Ltd

[More Japan Navel-Gazing] Thinking About The Value of Toshiba with Kioxia at ¥96k