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.

SEMICONDUCTOR MEMORY CYCLE MONITOR — Issue #5 | 1-8 Aug 2026

SEMICONDUCTOR MEMORY CYCLE MONITOR — Issue #6 | 9-15 Aug 2026

SEMICONDUCTOR MEMORY CYCLE MONITOR — Issue #7 | 15-21 Aug 2026

SEMICONDUCTOR MEMORY CYCLE MONITOR — Issue #3 | 18–25 July 2026

SEMICONDUCTOR MEMORY CYCLE MONITOR — Issue #2 | 28 June – 17 July 2026

SEMICONDUCTOR MEMORY CYCLE MONITOR — Issue #1 | Week of 22–26 June 2026

Thematic (Sector/Industry)

Macau Semiconductors and semiconductor equipment / Thematic (Sector/Industry)

<ul>
<li>The most violent week of the cycle: CXMT's 466% debut triggered competitive fears; back-to-back KOSPI circuit breakers followed — then Microsoft and Amazon earnings triggered KOSPI's largest-ever single-day gain (+17.9%).</li>
<li>SK Hynix Q2: record ₩79.32T revenue, 76% margin — but missed consensus. Normalised net income ₩46.45T (+563% YoY, +15% QoQ) after stripping the ₩63.3T non-recurring Kioxia stake gain.</li>
<li>Top Trade is SK Hynix. Alternative: Long Macronix — Q2 GM 64.4% (five-year high) released into a circuit-breaker session that completely ignored it.</li>
</ul>


The most violent week of the cycle: CXMT's 466% debut triggered competitive fears; back-to-back KOSPI circuit breakers followed — then Microsoft and Amazon earnings triggered KOSPI's largest-ever single-day gain (+17.9%).
SK Hynix Q2: record ₩79.32T revenue, 76% margin — but missed consensus. Normalised net income ₩46.45T (+563% YoY, +15% QoQ) after stripping the ₩63.3T non-recurring Kioxia stake gain.
Top Trade is SK Hynix. Alternative: Long Macronix — Q2 GM 64.4% (five-year high) released into a circuit-breaker session that completely ignored it.


SEMICONDUCTOR MEMORY CYCLE MONITOR — Issue #4 | 26 Jul – 1 Aug 2026