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

Epson (6724) - A Big Buyback Amid Benign Backdrop

Nikkei 225 Methodology Change. Again. This Time Better But Still Not Good Enough

Toshiba (6502) - Now We Have the First Rounds Bids In, And We Wait, But It's Top of Range

Renesas – Synergies Outperform and Some Potentially Bad News for Arm

Renesas (6723 JP) - On Top of Peer-Beating Growth, and Valuation... Watch for Buybacks

A Bull Investment Case for TSMC (Summary Version)

Quiddity Advisors

Event-Driven

<ul>
<li>About 9 days I ago I wrote <a href="https://www.smartkarma.com/insights/renesas-6723-jp-on-top-of-peer-beating-growth-and-valuation-watch-for-buybacks" target="_blank" data-smartkarma-citation="insights:68571" rel="noopener">Renesas (6723 JP) - On Top of Peer-Beating Growth, and Valuation... Watch for Buybacks</a>. Today with Q1 earnings, they announced a ¥200bn buyback. </li>
<li>What appears to be a quite strong Q1 in automotive in both revenues and margins, and decent incremental margins, sees a stronger Q2 forecast (but less good incremental margins).</li>
<li>The Street is well behind guidance, and a buyback at the high end of potential guidance and coming earlier than expected is all to the good. </li>
</ul>


About 9 days I ago I wrote Renesas (6723 JP) - On Top of Peer-Beating Growth, and Valuation... Watch for Buybacks. Today with Q1 earnings, they announced a ¥200bn buyback. 
What appears to be a quite strong Q1 in automotive in both revenues and margins, and decent incremental margins, sees a stronger Q2 forecast (but less good incremental margins).
The Street is well behind guidance, and a buyback at the high end of potential guidance and coming earlier than expected is all to the good. 


Renesas (6723 JP) - Salutary Q1, Strong Q2 Forecast, and a BIG Buyback

Renesas Electronics

Renesas (6723 JP) - Salutary Q1, Strong Q2 Forecast, and a BIG Buyback