EVENTS:   Best Equity Short Ideas Conference Call 12 - Zach Shannon/Corto Capital Advisors & Craig Huber/Huber Research Partners & Thomas Beevers /Forensic Alpha & Ed Steele/Iron Blue Financials & Bill Campbell/Paragon Intel - 12 Nov 25   Will AI Deflate the World? Macro Lessons from Three Industrial Revolutions and China - Manoj Pradhan/Talking Heads Macro - 13 Nov 25     ROADSHOWS: Forest Products Sector Equity and Commodity Research With Expertise in Distressed Debt - Kevin Mason /ERA Research   •   London   12 - 14 Nov 25       Buyside to Buyside Forum and Expert Calls across TMT, Consumer, Healthcare and Fintech - Andrew Peters /Revelare Partners   •   London   17 - 19 Nov 25       Fundamental US Healthcare Short Ideas - Dr Elliot Favus /Favus Institutional Research   •   London   17 - 19 Nov 25      

Fortnightly Publication Highlighting Latest Insights From IRF Providers

Company Research

SK Hynix (000660 KS), Wiwynn (6669 TT), Carrier (CARR US) US

Technology / Industrials

Entext

Sean Maher takes a 110% profit on Japan's Advantest in his semi basket after the Nvidia inspired surge, but still thinks SK Hynix remains undervalued and the key high bandwidth memory play as AI inference explodes. Sean has added Taiwan’s server maker Wiwynn to his networking basket as a key play on booming demand through end decade for its lower power consumption / heat generation technologies in AI server clusters. Climate change and the energy transition also remain key themes, driving secular AC and heat pump demand; Carrier has been added to his transition basket on its M&A reinvention as a HVAC / heat pump pure play.

Edition: 162

- 09 June, 2023