Global Mobility/Transport, Equity Long-Short

Mo Aziz

Capital market veteran with 23 years experience with stints as an analyst (sell-side & buyside), investor relations and fund manager. 

My key expertise in the aviation sector. My definition of "aviation" includes airlines, travel tours, airports, airport retail & services, OEMs, online travel agents, aircraft lessors, air cargo/logistics, etc.   

I have an active watchlist consisting 190 companies across 41 countries. The aviation sector is highly cyclical and I am constantly evaluating signals to uncover attractive trade opportunities.

TSMC (2330 TT) 1Q26 Results: AI Drives Record Margins, Management Raises Guidance

AI Mania Well Priced: The Semiconductor Trade Turns from Euphoria to Discipline

Equity Bottom-Up

<ul>
<li>Record 1Q26 results and margins that are broadly in line with consensus. Management paints a positive outlook, as the global supply shortage will persist up to 2030. </li>
<li>HBM-Driven AI demand is structurally lifting memory margins, shifting HYNIX from cyclical commodity exposure to strategic infrastructure supplier.</li>
<li>HYNIX is a key benefactor from the AI theme, but its valuations remain the cheapest in the AI ecosystem despite having one of the best ROE and FCF yields. </li>
</ul>


Record 1Q26 results and margins that are broadly in line with consensus. Management paints a positive outlook, as the global supply shortage will persist up to 2030. 
HBM-Driven AI demand is structurally lifting memory margins, shifting HYNIX from cyclical commodity exposure to strategic infrastructure supplier.
HYNIX is a key benefactor from the AI theme, but its valuations remain the cheapest in the AI ecosystem despite having one of the best ROE and FCF yields. 


TSMC (Taiwan Semiconductor Manufacturing) (2330 TT)

TSMC (Taiwan Semiconductor Manufacturing)

SK하이닉스(000660 KS) 2026년 1분기 실적: AI가 경이로운 수익을 견인

SK Hynix

SK하이닉스(000660 KS) 2026년 1분기 실적: AI가 경이로운 수익을 견인