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

Takashimaya: At Last a Revival in Department Store Profits

Luxury Boost for Japan's Department Stores

Quiddity Advisors

Event-Driven

<ul>
<li>Today, <a href="https://www.smartkarma.com/entities/takashimaya-co-ltd" target="_blank" data-smartkarma-citation="entities:370:1" rel="noopener">Takashimaya (8233 JP)</a> reported Q2 earnings, a dividend hike, upward revisions to the FY26 MTMP, and a decent-sized buyback to raise leverage levels and ROE.</li>
<li>The company is yen-sensitive both in overseas retail and domestic department stores on inbound traffic. One could imagine future issues. </li>
<li>The register looks like it is quite open. It is not. That is worth considering now and in future.</li>
</ul>


Today, Takashimaya (8233 JP) reported Q2 earnings, a dividend hike, upward revisions to the FY26 MTMP, and a decent-sized buyback to raise leverage levels and ROE.
The company is yen-sensitive both in overseas retail and domestic department stores on inbound traffic. One could imagine future issues. 
The register looks like it is quite open. It is not. That is worth considering now and in future.


Takashimaya (8233 JP) Decent Earnings, BIG Buyback (Odd Register Dynamics)