Categories Business Company & Industry Arcelik (ARCLK TI) | Buy: Incorporating new acquisitions Cem CetingucPosted on18 August, 2021 New acquisitions to accelerate top-line growth but dilute margins: Arcelik completed the acquisitions of Hitachi … Continue ReadingArcelik (ARCLK TI) | Buy: Incorporating new acquisitions
Categories Business Company & Industry Finance Koc Holding: Discount to NAV still wide vs history; attractive entry point vs subs; reiterate Buy Cem CetingucPosted on18 August, 2021 We reiterate our Buy rating on Koc Holding (Koc) post 2Q results announced on July … Continue ReadingKoc Holding: Discount to NAV still wide vs history; attractive entry point vs subs; reiterate Buy
Categories Economy HIGHLIGHTS Turkey’s Residential Property Price Index change reaches 29.2 percent yoy Güldem AtabayPosted on17 August, 2021 As per the data released by the central bank, Turkey’s Residential Property Price Index (RPPI) increased … Continue ReadingTurkey’s Residential Property Price Index change reaches 29.2 percent yoy
Categories General HIGHLIGHTS Politics AKP draft bill suggests prison time for sharing misinformation online Güldem AtabayPosted on17 August, 202117 August, 2021 A new draft bill prepared by the ruling AKP will include disinformation and misinformation as … Continue ReadingAKP draft bill suggests prison time for sharing misinformation online
Categories Economy HIGHLIGHTS Politics Turkey says it welcomes Taliban statements since they seized control Güldem AtabayPosted on17 August, 2021 Turkey is in talks with all parties in Afghanistan, including the Taliban, and views positively … Continue ReadingTurkey says it welcomes Taliban statements since they seized control
Categories Economy HIGHLIGHTS Politics Afghan refugees could give Erdogan leverage with Europe Güldem AtabayPosted on17 August, 2021 The Taliban’s rapid advance into Kabul is not only causing concern about Afghanistan’s future but … Continue ReadingAfghan refugees could give Erdogan leverage with Europe
Categories Economy HIGHLIGHTS Politics The Turkey-Russia Relationship: Why “Compartmentalization” and Not Conflict? Güldem AtabayPosted on17 August, 2021 Russia and Turkey maintain an interesting and volatile geopolitical relationship. The two states share many … Continue ReadingThe Turkey-Russia Relationship: Why “Compartmentalization” and Not Conflict?
Categories HIGHLIGHTS Politics Reuters: Turkey drops Kabul airport plans but will assist if Taliban ask Güldem AtabayPosted on16 August, 2021 Turkey has dropped plans to take control of Kabul airport after NATO’s withdrawal but is … Continue ReadingReuters: Turkey drops Kabul airport plans but will assist if Taliban ask
Categories Economy HIGHLIGHTS Agricultural producers prices hit 22.8 percent Güldem AtabayPosted on16 August, 2021 Producer Price Index of Agricultural Products (Agriculture-PPI) increased by 22.80% annually and 1.34% monthly. Droughts … Continue ReadingAgricultural producers prices hit 22.8 percent
Categories Economy HIGHLIGHTS 2Q21 unemployment down to 12.4 percent Güldem AtabayPosted on16 August, 2021 TURKSTAT announced the “Seasonally adjusted employment figures for the 2Q21 period in Turkey. As the … Continue Reading2Q21 unemployment down to 12.4 percent
Categories Economy HIGHLIGHTS Bloomberg HT Consumer Confidence Preliminary Index falls sharply in August Güldem AtabayPosted on16 August, 2021 The Bloomberg HT Consumer Confidence Preliminary Index declined by 4.03 percent from the previous month’s final … Continue ReadingBloomberg HT Consumer Confidence Preliminary Index falls sharply in August
Categories HIGHLIGHTS Politics Afghanistan: Turkey exploring ways to station troops in Kabul even after Taliban victory Güldem AtabayPosted on16 August, 2021 Turkey’s government is exploring ways to keep its soldiers stationed at Kabul international airport even after … Continue ReadingAfghanistan: Turkey exploring ways to station troops in Kabul even after Taliban victory
Categories Economy HIGHLIGHTS Turkish Economy: The Good, the Bad and the Ugly Atilla YeşiladaPosted on16 August, 2021 Turkish Economy: The Good, the Bad and the Ugly Turkish economy is staging … Continue ReadingTurkish Economy: The Good, the Bad and the Ugly
Categories Economy Finance Macro Focus: IP, June 2021: IP figures indicate a strong growth in Q2 Cem CetingucPosted on15 August, 202115 August, 2021 In June, IP increased by 2.3% MoM and 23.9% on a YoY. According to the consensus, … Continue ReadingMacro Focus: IP, June 2021: IP figures indicate a strong growth in Q2
Categories Business Company & Industry VAKBN: 2Q Review & Target Price Revision: Prevailing Legacy of 2020 Cem CetingucPosted on15 August, 2021 2Q results slightly above estimates on lower CoR The bank announced its 2Q21 solo net … Continue ReadingVAKBN: 2Q Review & Target Price Revision: Prevailing Legacy of 2020
Categories General HYPED Anti-refugee sentiment triggers social eruption Atilla YeşiladaPosted on15 August, 2021 It all began on Tuesday evening when a street fight erupted between two groups of … Continue ReadingAnti-refugee sentiment triggers social eruption
Categories General HYPED Stockholm Center for Freedom: Turkey’s popular online debate network faces investigation for incitement Atilla YeşiladaPosted on14 August, 202114 August, 2021 Turkish prosecutors have launched an investigation into a popular online debate network, accusing the platform … Continue ReadingStockholm Center for Freedom: Turkey’s popular online debate network faces investigation for incitement
Categories Economy HIGHLIGHTS Inveo: Turkey’s current account deficit set to shrink through 2021 Atilla YeşiladaPosted on14 August, 202114 August, 2021 C/A deficit continues to trend down in June and is likely to do so going … Continue ReadingInveo: Turkey’s current account deficit set to shrink through 2021
Categories Business Economy HIGHLIGHTS Fitch Affirms Turkey at ‘BB-‘; Outlook Stable Atilla YeşiladaPosted on14 August, 2021 The agency issued the following statement KEY RATING DRIVERS Turkey’s ratings reflect weak monetary … Continue ReadingFitch Affirms Turkey at ‘BB-‘; Outlook Stable
Categories General U.N. climate report confirm drastic temperature rise in Turkey due to climate change Cem CetingucPosted on13 August, 2021 Global warming will affect Turkey just like every other country worldwide, and even after the end of … Continue ReadingU.N. climate report confirm drastic temperature rise in Turkey due to climate change
