Categories Economy HIGHLIGHTS Politics Erdoğan: Low interest rate policy ‘all the way’ Cem CetingucPosted on1 December, 2021 President Recep Tayyip Erdoğan on Wednesday said there was “no turning back” from the new … Continue ReadingErdoğan: Low interest rate policy ‘all the way’
Categories Business Company & Industry Finance HIGHLIGHTS Kordsa: Reinforced By Surging Demand Cem CetingucPosted on1 December, 20211 December, 2021 We are initiating coverage of Kordsa Teknik Tekstil (“Kordsa”) with a Buy rating and a … Continue ReadingKordsa: Reinforced By Surging Demand
Categories Economy Finance General HIGHLIGHTS Macro Snapshot: Manufacturing PMI increased to 52 in November Cem CetingucPosted on1 December, 2021 Manufacturing PMI increased to 52 in November (Prior: 51.2). Headline figure continued to remain above … Continue ReadingMacro Snapshot: Manufacturing PMI increased to 52 in November
Categories Business Company & Industry Finance HIGHLIGHTS Downgrading Turkish banks; spotlight on capital Cem CetingucPosted on1 December, 2021 Until now, resilient financial performance of Turkish banks led to us to maintain Buy/High Risk … Continue ReadingDowngrading Turkish banks; spotlight on capital
Categories Business Company & Industry HIGHLIGHTS Turkish Automotive : Great expectations Cem CetingucPosted on30 November, 202130 November, 2021 In this report, we transfer coverage and revisit the investment cases of Ford Otosan, Tofas … Continue ReadingTurkish Automotive : Great expectations
Categories Business Company & Industry HIGHLIGHTS HSBC Global Research: TUPRS (Hold maintained) Cem CetingucPosted on30 November, 202130 November, 2021 Strategic transition plan: Tupras management released yesterday the details of its Strategic Transition Plan … Continue ReadingHSBC Global Research: TUPRS (Hold maintained)
Categories Company & Industry General HIGHLIGHTS JP Morgan: Turkish Banks Cem CetingucPosted on30 November, 2021 We upgrade select subs of Turkish large banks from N to OW. For this upgrade … Continue ReadingJP Morgan: Turkish Banks
Categories General HIGHLIGHTS Politics Erdogan faces an uphill battle to win over Alevi community Cem CetingucPosted on30 November, 2021 Ali Erdem leads his Alevi community each week in a ceremony filled with symbolic ritual, … Continue ReadingErdogan faces an uphill battle to win over Alevi community
Categories Business Company & Industry TPAO awards contract to Wood for Turkey’s largest gas reserve Cem CetingucPosted on30 November, 2021 Turkey’s state energy company Turkish Petroleum Corporation (TPAO) has appointed Wood, the global consulting and … Continue ReadingTPAO awards contract to Wood for Turkey’s largest gas reserve
Categories Economy General HIGHLIGHTS Turkish tourism income expected to reach $22 B in 2021 Cem CetingucPosted on25 November, 202125 November, 2021 Turkey wants to generate $22 billion from tourism in 2021 by welcoming more than 28 million foreigners, its … Continue ReadingTurkish tourism income expected to reach $22 B in 2021
Categories General HIGHLIGHTS Politics UAE set aside $10 billion fund to invest in Turkey Cem CetingucPosted on25 November, 202125 November, 2021 The United Arab Emirates (UAE) has set aside a $10 billion fund to invest in … Continue ReadingUAE set aside $10 billion fund to invest in Turkey
Categories Business Finance HIGHLIGHTS Turkish Banks: Sensitivity of capital ratios to currency and asset quality Cem CetingucPosted on25 November, 202125 November, 2021 We update our interactive spreadsheet to stress capital positions with Q3 results: The unfavourable outlook … Continue ReadingTurkish Banks: Sensitivity of capital ratios to currency and asset quality
Categories Economy HIGHLIGHTS The price of Turkish Lira’s collapse gets heavy Cem CetingucPosted on25 November, 202125 November, 2021 Istanbul’s sky is as gloomy as the mood in the households and on the streets … Continue ReadingThe price of Turkish Lira’s collapse gets heavy
Categories General HIGHLIGHTS Politics European Parliament approves $170M aid for Syrian refugees in Turkey Cem CetingucPosted on25 November, 202125 November, 2021 The European Parliament on Thursday gave final approval to the financial assistance program for the … Continue ReadingEuropean Parliament approves $170M aid for Syrian refugees in Turkey
Categories General Macro Snapshot: CUR, RSCI and Sectoral Confidence Indices Cem CetingucPosted on24 November, 2021 In November, manufacturing CUR, RSCI and sectoral confidence (except service sector) indices recorded increases. Seasonally … Continue ReadingMacro Snapshot: CUR, RSCI and Sectoral Confidence Indices
Categories General HIGHLIGHTS Turkish Lira hits record lows after Erdogan’s rate cut speech Cem CetingucPosted on23 November, 202123 November, 2021 The Turkish lira has hit a record low of 12.79 against the US dollar after … Continue ReadingTurkish Lira hits record lows after Erdogan’s rate cut speech
Categories General Heatlh Minister: No lockdown measures will be imposed in the near future Cem CetingucPosted on23 November, 2021 Turkey’s daily coronavirus cases linger around 25,000, prompting concerns as cases have been rising steadily … Continue ReadingHeatlh Minister: No lockdown measures will be imposed in the near future
Categories General President Erdoğan: No early polls until 2023 Cem CetingucPosted on23 November, 2021 The next presidential and parliamentary polls will be held in June 2023 and there will … Continue ReadingPresident Erdoğan: No early polls until 2023
Categories General ÜNLÜ & Co Top Picks Portfolio: Including Enerjisa to the list Cem CetingucPosted on22 November, 2021 Including Enerjisa to our top picks: Building upon our rating upgrade report (Oct. 8), we are including Enerjisa … Continue ReadingÜNLÜ & Co Top Picks Portfolio: Including Enerjisa to the list
Categories General Sisecam acquires 60% of Ciner Group soda business for $450M Cem CetingucPosted on22 November, 2021 Turkish glassmaker Sisecam said on Saturday it would buy 60% of Ciner Group’s soda business … Continue ReadingSisecam acquires 60% of Ciner Group soda business for $450M
