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 22 years of covering Asia Pacific equities, the past 19 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: Intouch's Discount Back Down To Temasek Sell-Off Levels

StubWorld: Guoco Re-Tests 2018 Privatisation Highs

StubWorld: The Jardine Maths Over Strategic

StubWorld: Switching Into Indofood Sukses?

Quiddity Advisors

Event-Driven

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<p>This week in StubWorld ...</p>
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<p><a href="https://www.smartkarma.com/entities/873" target="_blank" data-smartkarma-citation="entities:873:1" rel="noopener">PCCW Ltd (8 HK)</a> outperforms <a href="https://www.smartkarma.com/entities/hkt-ltd" target="_blank" data-smartkarma-citation="entities:874:1" rel="noopener">HKT Ltd (6823 HK)</a> as short interest falls, yet the financial performance of the stub ops do not lend support for further narrowing.</p>
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<p>Preceding my comments on PCCW are the weekly setup/unwind tables for Asia-Pacific Holdcos.</p>
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<p><strong>These relationships trade with a minimum liquidity threshold of US$1mn on a 90-day moving average, and a % market capitalisation threshold - the $ value of the holding/opco held, over the parent’s market capitalisation, expressed in percent - of at least 20%.</strong></p>
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This week in StubWorld ...



PCCW Ltd (8 HK) outperforms HKT Ltd (6823 HK) as short interest falls, yet the financial performance of the stub ops do not lend support for further narrowing.



Preceding my comments on PCCW are the weekly setup/unwind tables for Asia-Pacific Holdcos.


These relationships trade with a minimum liquidity threshold of US$1mn on a 90-day moving average, and a % market capitalisation threshold - the $ value of the holding/opco held, over the parent’s market capitalisation, expressed in percent - of at least 20%.


StubWorld: ショートポジション解消でPCCWが大復活、しかしスタブの損失は継続