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.

The Solidigm Stub: SK Hynix's US$35bn AI-Storage Asset Priced at Zero

SK Hynix: CEO Sees Shortage Through 2030. Big Profits Continues, Yet Still Trades at ~6x PE

SK Hynix (000660 KS): 2x Leveraged ETFs Rebound, but Retail Activity Stays Subdued (9 Sep 2026)

Samsung Electronics (005930 KS) | Q2 2026 Results = Above, Outlook Positive, Record Cash at Hand

SK HYNIX (000660KS, SKHY US) 2Q26 Results: The Consensus Miss We Flagged — And Why We Add Into It

SK HYNIX (000660KS, SKHY US): 29 July - Mark It, Circle It, Put in on Your Fridge

Equity Bottom-Up

<ul>
<li>
Cash Mountain: Samsung and SK Hynix's combined net cash US$263bn by year-end — exceeding the rest of the Magnificent Seven combined. The suppliers of AI are richer than its builders.</li>
<li>
The Anomaly: Net cash ~14% of market cap for both names — 5x Nvidia's ratio — as stocks price in a demand collapse that long-term supply agreements directly contradict.</li>
<li>
The Catalyst: SK Hynix has formally committed to expanded returns; Samsung says "very soon." At 70–80% FCF payout, the combined programme implies a double-digit effective yield on current market cap.</li>
</ul>



Cash Mountain: Samsung and SK Hynix's combined net cash US$263bn by year-end — exceeding the rest of the Magnificent Seven combined. The suppliers of AI are richer than its builders.

The Anomaly: Net cash ~14% of market cap for both names — 5x Nvidia's ratio — as stocks price in a demand collapse that long-term supply agreements directly contradict.

The Catalyst: SK Hynix has formally committed to expanded returns; Samsung says "very soon." At 70–80% FCF payout, the combined programme implies a double-digit effective yield on current market cap.


Samsung & SK Hynix: The Richest Cheap Stocks in Global Tech, With More Cash Than the Mag 7 Combined