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 26 years of covering Asia Pacific equities, the past 20 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

Quiddity Advisors

Event-Driven

Regal Real Estate Investment Trust / Event-Driven

Regal Real Estate Investment Trust (1881 HK)

<ul>
<li>
<strong><a href="https://www.smartkarma.com/entities/regal-real-estate-investment-trust" target="_blank" data-smartkarma-citation="entities:17968:1" rel="noopener">Regal REIT (1881 HK)</a></strong> has announced it will sell the Regal Oriental Hotel in Kowloon City to Blue Sky Properties (owned by Centaline) for HK$1.51bn (gross proceeds).  </li>
<li>Centaline intends to convert the hotel into a student hostel once the necessary government approvals have been satisfied.</li>
<li>Even with a haircut to book - ~0.8x P/B by my calcs - this sale is a win for Regal REIT, currently trading at 0.1x P/B.</li>
</ul>



Regal REIT (1881 HK) has announced it will sell the Regal Oriental Hotel in Kowloon City to Blue Sky Properties (owned by Centaline) for HK$1.51bn (gross proceeds).  
Centaline intends to convert the hotel into a student hostel once the necessary government approvals have been satisfied.
Even with a haircut to book - ~0.8x P/B by my calcs - this sale is a win for Regal REIT, currently trading at 0.1x P/B.


Regal REIT (1881 HK) Is Dirt Cheap At 0.1x P/B. Sells Asset At 0.8x P/B.