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

TOPIX Inclusion: ODK Solutions (3839 JP): High Impact BLUE Name

Japan Small Cap Growth: Giftee (4449) - Q1 Wrap

TOPIX Inclusion Pre-Events: Recent "Tachiaigai Bunbai" Round-Up

Small Cap Growth: Giftee (4449) - All Wrapped Up

TOPIX Inclusion Pre-Event Trade (2980 JP): SRE Holdings

Quiddity Advisors

Event-Driven

This is yet another name on the list of stocks to own that <a href="https://www.smartkarma.com/profiles/janaghan-jeyakumar-cfa" target="_blank" data-smartkarma-citation="accounts:3173" rel="noopener">Janaghan Jeyakumar, CFA</a> has put together over the past several months.In June 2020 he wrote <a href="https://www.smartkarma.com/insights/topix-inclusion-pre-events-recent-tachiaigai-bunbai-round-up" target="_blank" data-smartkarma-citation="insights:40509" rel="noopener">TOPIX Inclusion Pre-Events: Recent "Tachiaigai Bunbai" Round-Up</a> which pointed out one of the methodologies, and in July 2020 he wrote <a href="https://www.smartkarma.com/insights/topix-inclusion-pre-events-who-is-ready" target="_blank" rel="noopener">TOPIX Inclusion Pre-Events: Who Is Ready?</a> which described a couple of other methodologies, at which point giftee Inc (4449 JP) went onto the Watchlist. That was upgraded to an explicit buy recommendation for giftee in September in <a href="https://www.smartkarma.com/insights/topix-inclusion-trade-summary-sep-2020" target="_blank" data-smartkarma-citation="insights:43700" rel="noopener">TOPIX Inclusion Trade Summary: Sep 2020</a> and in subsequent summaries. He has had a good hit rate on this process, where the newest version is in <a href="https://www.smartkarma.com/insights/topix-inclusions-new-regulations-who-is-ready-2-0" target="_blank" data-smartkarma-citation="insights:45783" rel="noopener">TOPIX Inclusions:  New Regulations! Who Is READY? 2.0</a>.Friday after the close, <a href="https://www.smartkarma.com/entities/giftee-inc" target="_blank" data-smartkarma-citation="entities:28280:1" rel="noopener">giftee Inc (4449 JP)</a> made an <a href="https://contents.xj-storage.jp/xcontents/AS04721/b47ef4c7/5001/4467/8b5c/3de4f8289cfa/20201218153835141s.pdf" target="_blank" rel="noopener">announcement</a> to the effect that the TSE had approved its application to move to TSE First Section, and it will move to TSE1 on 25 December 2020. TSE1 reassignment triggers inclusion into the TOPIX Index and the Inclusion Event can be expected to be at the close of trading 28th January 2021.In this insight, we take a look at the Index Inclusion Parameters and the offering to evaluate the upside potential of the TOPIX Inclusion Event. It is, for those of you who follow the Quiddity TOPIX Inclusion Framework, a GREEN, but it is really just across the border from BLUE which is still OK.

This is yet another name on the list of stocks to own that Janaghan Jeyakumar, CFA has put together over the past several months.In June 2020 he wrote TOPIX Inclusion Pre-Events: Recent "Tachiaigai Bunbai" Round-Up which pointed out one of the methodologies, and in July 2020 he wrote TOPIX Inclusion Pre-Events: Who Is Ready? which described a couple of other methodologies, at which point giftee Inc (4449 JP) went onto the Watchlist. That was upgraded to an explicit buy recommendation for giftee in September in TOPIX Inclusion Trade Summary: Sep 2020 and in subsequent summaries. He has had a good hit rate on this process, where the newest version is in TOPIX Inclusions:  New Regulations! Who Is READY? 2.0.Friday after the close, giftee Inc (4449 JP) made an announcement to the effect that the TSE had approved its application to move to TSE First Section, and it will move to TSE1 on 25 December 2020. TSE1 reassignment triggers inclusion into the TOPIX Index and the Inclusion Event can be expected to be at the close of trading 28th January 2021.In this insight, we take a look at the Index Inclusion Parameters and the offering to evaluate the upside potential of the TOPIX Inclusion Event. It is, for those of you who follow the Quiddity TOPIX Inclusion Framework, a GREEN, but it is really just across the border from BLUE which is still OK. 

TOPIX Inclusion : Giftee (4449) - Bigger Deal, Smaller Impact, Expensive.