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 #7 | 15-21 Aug 2026

SEMICONDUCTOR MEMORY CYCLE MONITOR — Issue #8 | 23-29 Aug 2026

SEMICONDUCTOR MEMORY CYCLE MONITOR — Issue #9 | Special Thematic Edition | 3 Sep 2026

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

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

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

Thematic (Sector/Industry)

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

<ul>
<li>SanDisk smashed Q4 FY26 on every metric — $8.97B revenue, 84.6% gross margin, EPS $39.25 — then guided Q1 FY27 fractionally below the whisper. NAND cycle intact; Korea disagreed violently.</li>
<li>SK Hynix stop triggered 6 August. Week seven of Korea's forced-selling correction; FSC margin rules now live; ₩27.9T margin loans vs ₩38.6T June peak. Clearing, not collapsing.</li>
<li>Top Trade rotates to Samsung at ₩231,000 — 3.21x P/B, ₩89.2T Q2 DS operating profit, ₩90T buyback pending. The cheapest large-cap memory name globally.</li>
</ul>


SanDisk smashed Q4 FY26 on every metric — $8.97B revenue, 84.6% gross margin, EPS $39.25 — then guided Q1 FY27 fractionally below the whisper. NAND cycle intact; Korea disagreed violently.
SK Hynix stop triggered 6 August. Week seven of Korea's forced-selling correction; FSC margin rules now live; ₩27.9T margin loans vs ₩38.6T June peak. Clearing, not collapsing.
Top Trade rotates to Samsung at ₩231,000 — 3.21x P/B, ₩89.2T Q2 DS operating profit, ₩90T buyback pending. The cheapest large-cap memory name globally.


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