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

Meiko Electronics (6787) Makes It To TOPIX

TOPIX Inclusions: How to Account for The Impact of Equity Offerings

Historical TOPIX Inclusions:  What Flavor Performs Best?

Gravity Works As WeWork Doesn't; Now Plan B

Quiddity Advisors

Event-Driven

<p><a href="https://www.smartkarma.com/entities/meiko-electronics-co-ltd" target="_blank" data-smartkarma-citation="entities:20004:1" rel="noopener"><strong>Meiko Electronics (6787 JP)</strong></a> is a Japanese designer and manufacturer of double-sided/multi-layer through-hole PCBs and slightly complex PCBs of other sorts, with factories in Japan, China, and Vietnam, and sales around the world. The products include PCBs for automotive (engine ECUs, lighting, safety, and ADAS), telecommunications (smartphones, base stations, SSDs), industrial and medical use (robots, FA, standard OA and medical equipment), and home appliances and video games. It will do everything for customers - from design to mounting/assembly and shipping.</p><p>It is not a really exciting or terribly glamorous business, but it gets 10% EBITDA margins on that unglamorous business. </p><p>The stock was listed on JASDAQ in 2000 but never bothered to make the jump to TSE.</p><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/192/845/original/Screenshot+2021-03-08+at+9.54.17+PM.png?1615211670" class="editor-image img-responsive" data-smartkarma-image-id="192845"></figure></section><div class="content-highlight"><p>Today, <strong>Meiko</strong> announced that it had applied for such a reassignment in order to improve social creditworthiness, expand the investor base, and provide more financial flexibility.</p></div><p>This <em>may be</em> the first explicit application by a JASDAQ-listed stock in the new TSE1 Listing Criteria era and as a TOPIX pre-event trade, it is worth a look.</p>

Meiko Electronics (6787 JP) is a Japanese designer and manufacturer of double-sided/multi-layer through-hole PCBs and slightly complex PCBs of other sorts, with factories in Japan, China, and Vietnam, and sales around the world. The products include PCBs for automotive (engine ECUs, lighting, safety, and ADAS), telecommunications (smartphones, base stations, SSDs), industrial and medical use (robots, FA, standard OA and medical equipment), and home appliances and video games. It will do everything for customers - from design to mounting/assembly and shipping.It is not a really exciting or terribly glamorous business, but it gets 10% EBITDA margins on that unglamorous business. The stock was listed on JASDAQ in 2000 but never bothered to make the jump to TSE.Today, Meiko announced that it had applied for such a reassignment in order to improve social creditworthiness, expand the investor base, and provide more financial flexibility.This may be the first explicit application by a JASDAQ-listed stock in the new TSE1 Listing Criteria era and as a TOPIX pre-event trade, it is worth a look.

TOPIX Inclusion Pre-Event for Meiko Electronics (6787)