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 #8 | 23-29 Aug 2026

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

SEMICONDUCTOR MEMORY CYCLE MONITOR — Issue #10 | 30 Aug–4 Sep 2026

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 #4 | 26 Jul – 1 Aug 2026

Thematic (Sector/Industry)

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

<ul>
<li>Samsung top trade CLOSED at +21.9% MTM; SK Hynix re-initiated as new top trade at ₩1,730,000 — ₩40T buyback delivers ~₩380bn/day mechanical support through 19 November.</li>
<li>WSJ's $3 trillion shadow AI balance sheet (Shadow DSCR: 0.46x) triggered the 19 August selloff. Korea's largest-ever buybacks set the floor; only October earnings can re-rate.</li>
<li>New Alternative Trade: Kioxia (285A JP) at ¥54,320, TP ¥120,000 (+121%) — three-for-one split on 1 October, 79.5% Q2 FY26 OP margin guidance, and HBF co-standard with SK Hynix.</li>
</ul>


Samsung top trade CLOSED at +21.9% MTM; SK Hynix re-initiated as new top trade at ₩1,730,000 — ₩40T buyback delivers ~₩380bn/day mechanical support through 19 November.
WSJ's $3 trillion shadow AI balance sheet (Shadow DSCR: 0.46x) triggered the 19 August selloff. Korea's largest-ever buybacks set the floor; only October earnings can re-rate.
New Alternative Trade: Kioxia (285A JP) at ¥54,320, TP ¥120,000 (+121%) — three-for-one split on 1 October, 79.5% Q2 FY26 OP margin guidance, and HBF co-standard with SK Hynix.


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