SK HYNIX (000660 KS / SKHY US): The Solidigm Confusion Is a Gift. Average Down.
Solidigm’s rumored IPO could dilute FY27 earnings by just 1.5%, yet SK hynix has shed 9.5% of its value. We see the sell-off as overdone: FV...
90 Views
Roundhill Memory ETF (DRAM US): Over-Punished, Not Broken – We Stay Long but Trim Our TP to US$70
We stay long DRAM with a US$70 target (+28% upside). Shares have fallen despite rising earnings, prices and guidance; we see the sell-off as overdone.
67 Views
SEMICONDUCTOR MEMORY CYCLE MONITOR — Issue #15 | 4-10 Oct 2026.
Semiconductor memory are on a downtrend again, despite two record results releases. It now trades on 2027 and any hints of peak earnings fears in...
88 Views
U.S. Midterms Elections: What a Trump Without Congress Means for Markets
Losing Congress won't tame Trump; it redirects him to trade and foreign policy. Contained at home, unleashed abroad: hedge Asia, own cheap vol and...
87 Views
US 10-Year Treasury Yields: Back to Its 64-Year Median, Too Fast. Expect a Speed Bump, Not a U-Turn
US 10Y at 5.28% is the 64-year median, reached too fast. Expect a speed bump to 5.0-5.1%, not a U-turn: fiscal strain keeps the floor high. NEUTRAL.
89 Views