Equity Long-Short

Mo Aziz

Capital markets veteran with 25 years across sell-side and buy-side research, investor relations, and fund management. Currently publish independent equity research (Mofferies Investment Research, via Smartkarma) spanning semiconductor memory (DRAM/NAND/HBM), foundry, semiconductor equipment and advanced packaging, gold and cross-asset strategy, financials forensics, and APAC IPOs — with a standing watchlist of 190+ companies across 41 countries. Background includes deep aviation-sector expertise (airlines, airports, OEMs, lessors, air cargo, travel/OTAs). Approach centers on identifying cyclical inflection points and mispriced risk across sectors, translated into explicit, actionable calls.

Thematic (Sector/Industry)

United states Internet and direct marketing retail / Thematic (Sector/Industry)

<ul>
<li>All major global OTAs declined in value today (4 Feb) due to a brief escalation between the US and Iran and fears of slowing consumer demand, triggering risk aversion.  </li>
<li>Fundamentals remain intact, with booking trends and earnings remaining healthy, signalling a macro reset rather than demand weakness.</li>
<li>Use the pullback as a trading opportunity: accumulate Booking Holdings and Trip.com on valuation-led weakness, while staying underweight Airbnb, MakeMyTrip, and Tripadvisor given their stretched valuations.</li>
</ul>


All major global OTAs declined in value today (4 Feb) due to a brief escalation between the US and Iran and fears of slowing consumer demand, triggering risk aversion.  
Fundamentals remain intact, with booking trends and earnings remaining healthy, signalling a macro reset rather than demand weakness.
Use the pullback as a trading opportunity: accumulate Booking Holdings and Trip.com on valuation-led weakness, while staying underweight Airbnb, MakeMyTrip, and Tripadvisor given their stretched valuations.


Global Online Travel Agent (OTA): Macro De-Rating Creates Selective Entry Points in Travel Platforms