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 M&A/Activism] ToyotaRE-TICO (6201) Deal VI - Now 7% Thru at 1.0x BVPS... What Will Toyota Do?

[Japan M&A/Activism] Toyota Fudosan -TICO (6201) Deal VII - Risks, Risk Mgmt, and Cui Bono?

[Japan Offering] Five Banks Offer 3% of Ibiden (4062) After 400% 12mo Run into Friday's Index Buy

[Japan M&A/Activism] Toyota RE Deal for Toyota Industries (6201 JP) Last Looks

[Japan M&A/Activism] Toyota RE Deal for TICO (6201) Extended. VERY Few Minorities Have Tendered.

[Quiddity Index] Nikkei 225 Sep26 Rebal Early Preview - 2 Auto ADDs, 1 Extra Likely, 1 Cap

Quiddity Advisors

Index Rebalance

<ul>
<li>Assuming the Nikkei 225 March 2026 rebal goes as expected in our <a href="https://www.smartkarma.com/insights/quiddity-index-nikkei-225-mar26-rebal-2-adds-3rd-poss-2-dels-1-cap-another-close" target="_blank" rel="noopener">final expectations insight</a>, there are likely to be two automatic ADDs and one sector catch-up ADD.</li>
<li>Higher value traded in recent months in the semis and semi-precious metals sectors has meant stocks leapt up the rankings. Other rankings are volatile. We made a slight algo change.</li>
<li>Interestingly, the third choice is likely to be a Capital Goods stock. If the Toyota Fudosan TOB fails, there is a dark horse case for <a href="https://www.smartkarma.com/entities/toyota-industries-corp" target="_blank" data-smartkarma-citation="entities:4500:1" rel="noopener">Toyota Industries (6201 JP)</a>. </li>
</ul>


Assuming the Nikkei 225 March 2026 rebal goes as expected in our final expectations insight, there are likely to be two automatic ADDs and one sector catch-up ADD.
Higher value traded in recent months in the semis and semi-precious metals sectors has meant stocks leapt up the rankings. Other rankings are volatile. We made a slight algo change.
Interestingly, the third choice is likely to be a Capital Goods stock. If the Toyota Fudosan TOB fails, there is a dark horse case for Toyota Industries (6201 JP). 


[Quiddity Index] Nikkei 225 Sep26 Rebal Preview II - 2 Auto ADDs, 1 Extra Likely, 1 Cap