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

StubWorld: JCNC's "Outperformance" As MSCI Flags Indo's Investability Issues

Jardines Bumps JCNC Stake Post MSCI Deletion

Quiddity Advisors

Event-Driven

Jardine Matheson Southeast Asia / Event-Driven

Jardine Matheson Southeast Asia (JCNC SP)

<ul>
<li>
<strong><a href="https://www.smartkarma.com/entities/jardine-cycle-carriage-ltd" target="_blank" data-smartkarma-citation="entities:347:1" rel="noopener">Jardine Cycle &amp; Carriage (JCNC SP)</a></strong>'s implied stub value is at its highest-ever level, dating back to 2004. The "simple ratio" (JCNC/Astra) is the highest outside a Covid blip.</li>
<li>Preceding my comments on JCNC are the current setup/unwind tables for Asia-Pacific Holdcos.</li>
<li>These relationships trade with a minimum liquidity of US$1mn, and a % market capitalisation &gt;20%.</li>
</ul>



Jardine Cycle &amp; Carriage (JCNC SP)'s implied stub value is at its highest-ever level, dating back to 2004. The "simple ratio" (JCNC/Astra) is the highest outside a Covid blip.
Preceding my comments on JCNC are the current setup/unwind tables for Asia-Pacific Holdcos.
These relationships trade with a minimum liquidity of US$1mn, and a % market capitalisation &gt;20%.


Hong Kong Exchanges and Clearing (388 HK)

Mandarin Oriental International (MAND SP)

Refrigeration Electrical Engineering (REE VN)

StubWorld: Fitch/Moody's Downgrades Further Propel JCNC's Implied Stub