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

US Banks - New HFD Shows Loans Accelerating Further at 5.22% YoY, Highest Pace in 2 Years

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/qube-holdings-ltd" target="_blank" data-smartkarma-citation="entities:958:1" rel="noopener">Qube Holdings (QUB AU)</a>, a logistics and infrastructure play, has <a href="https://announcements.asx.com.au/asxpdf/20251124/pdf/06sd9l6yvwkypf.pdf" target="_blank" rel="noopener">announced</a> a A$5.20/share non-binding indicative Offer from Macquarie Asset Management, a unit of <a href="https://www.smartkarma.com/entities/macquarie-group-ltd" target="_blank" data-smartkarma-citation="entities:310:1" rel="noopener">Macquarie Group (MQG AU)</a>.</li>
<li>That is a 27.8% premium to last close. And ~14.4x FY25 EV/EBITDA. The proposal "follows an earlier unsolicited, non-=binding and indicative offer at lower value." Dividends paid will be netted.</li>
<li>Qube directors are supportive. The proposal is conditional on due diligence, board approvals, no MACs at Qube, plus regulatory clearance, including FIRB and ACCC signing off.</li>
</ul>



Qube Holdings (QUB AU), a logistics and infrastructure play, has announced a A$5.20/share non-binding indicative Offer from Macquarie Asset Management, a unit of Macquarie Group (MQG AU).
That is a 27.8% premium to last close. And ~14.4x FY25 EV/EBITDA. The proposal "follows an earlier unsolicited, non-=binding and indicative offer at lower value." Dividends paid will be netted.
Qube directors are supportive. The proposal is conditional on due diligence, board approvals, no MACs at Qube, plus regulatory clearance, including FIRB and ACCC signing off.


Oneconnect Financial Technology (6638 HK)

Qube Holdings

Qube (QUB AU): Macquarie's Lobs NBIO