Categories General Turkish companies outlook: Strong demand and cost cutting reflects on YoY profits Cem CetingucPosted on23 April, 2021 Turkey coverage aggregate Q1 non-bank profit to grow 4x y-o-y, fall 2% q-o-q We present … Continue ReadingTurkish companies outlook: Strong demand and cost cutting reflects on YoY profits
Categories Company & Industry Economy Banking Sector: 1Q21 Earnings Preview Cem CetingucPosted on23 April, 2021 Macro volatility to take a toll on earnings We expect ROE’s to range between 0-12% … Continue ReadingBanking Sector: 1Q21 Earnings Preview
Categories General Company Update | EREGL: TP revised up to TL22.0/share Cem CetingucPosted on22 April, 2021 Strong rally justified by rising margins. EREGL staged a strong rally over the last 6M on … Continue ReadingCompany Update | EREGL: TP revised up to TL22.0/share
Categories Business Company & Industry Trendyol received 330 million dollars capital injection from partner Alibaba Cem CetingucPosted on22 April, 202122 April, 2021 Turkish e-commerce platform Trendyol has received an additional $330 million investment from existing partner Alibaba in a … Continue ReadingTrendyol received 330 million dollars capital injection from partner Alibaba
Categories General Politics TTB: No vaccines, no appointments, but perception management in Turkey Cem CetingucPosted on22 April, 202122 April, 2021 The Turkish Medical Association (TTB) Central Council released a written statement yesterday (April 20) and said that … Continue ReadingTTB: No vaccines, no appointments, but perception management in Turkey
Categories Business General Sakarya Gas Field tests set to begin on May Cem CetingucPosted on21 April, 202121 April, 2021 Turkey’s well tests for three wells in the offshore Sakarya Gas Field in the Black Sea are set to … Continue ReadingSakarya Gas Field tests set to begin on May
Categories Politics Turkey summons Swedish ambassador to protest Sweden’s ‘support for SDF’ Cem CetingucPosted on21 April, 2021 Reuters – Turkey’s Foreign Ministry summoned Sweden’s ambassador in Ankara to a meeting to protest … Continue ReadingTurkey summons Swedish ambassador to protest Sweden’s ‘support for SDF’
Categories Politics Greece: Resolving differences with Turkey may be challenging, but not impossible Cem CetingucPosted on20 April, 2021 Reuters – Greece cannot ignore its differences with Turkey over territorial disputes in the Mediterranean … Continue ReadingGreece: Resolving differences with Turkey may be challenging, but not impossible
Categories Business Company & Industry Amazon seeking long term expansion in Turkish market Cem CetingucPosted on20 April, 2021 Amazon is eyeing a long-term growth strategy in the country by expanding its operations, an … Continue ReadingAmazon seeking long term expansion in Turkish market
Categories Economy HIGHLIGHTS Import prices rise drastically in Turkey amid pandemic Cem CetingucPosted on20 April, 2021 Hayriye Ustun strolled around her neighborhood marketplace looking for the best prices as she suffered … Continue ReadingImport prices rise drastically in Turkey amid pandemic
Categories Economy General HIGHLIGHTS Women’s employment plummets in Turkey during pandemic Cem CetingucPosted on20 April, 202120 April, 2021 The Economy Policy Research Foundation of Turkey (TEPAV) has released the 104th issue of its Employment Monitoring … Continue ReadingWomen’s employment plummets in Turkey during pandemic
Categories Company & Industry General Turkey’s immense offshore wind potential sits untouched Cem CetingucPosted on17 April, 2021 The Caspian Sea, the Black Sea, and the Eastern Mediterranean offer abundant areas with great … Continue ReadingTurkey’s immense offshore wind potential sits untouched
Categories Economy Markets China GDP very weak on QoQ basis Cem CetingucPosted on16 April, 2021 China’s economy grew by double digits in the latest quarter but an explosive rebound from … Continue ReadingChina GDP very weak on QoQ basis
Categories Economy General German Economic Institutes to cut 2021 GDP growth forecast Cem CetingucPosted on16 April, 2021 Germany’s economic institutes will cut their joint 2021 growth forecast for Europe’s largest economy to … Continue ReadingGerman Economic Institutes to cut 2021 GDP growth forecast
Categories Economy HIGHLIGHTS CBRT remains on hold but sounds more dovish than before Cem CetingucPosted on16 April, 2021 As widely expected, the CBRT kept its policy rate unchanged at 19.0%. Again as expected, … Continue ReadingCBRT remains on hold but sounds more dovish than before
Categories Economy General Politics Opposition asked Erdogan: Where is the 128 Billion dollars? Cem CetingucPosted on15 April, 202115 April, 2021 “Where is the $128 billion?” asked posters on billboards around Istanbul intended by Turkey’s main … Continue ReadingOpposition asked Erdogan: Where is the 128 Billion dollars?
Categories Company & Industry Politics Google gets fined by Turkish government for breaking competition law Cem CetingucPosted on15 April, 202115 April, 2021 Turkish authorities on Wednesday fined Google 296 million Turkish liras ($36.6 million) for violating the … Continue ReadingGoogle gets fined by Turkish government for breaking competition law
Categories General New Covid-19 cases in Turkey exceeds 62,000 Cem CetingucPosted on15 April, 2021 Turkey reported nearly 63,000 more coronavirus cases on Wednesday, its highest single-day figure since the … Continue ReadingNew Covid-19 cases in Turkey exceeds 62,000
Categories General Tech Turkey’s first air-to-air missile “Bozdogan” is a success Cem CetingucPosted on14 April, 202114 April, 2021 Air-to-air in-sight missile Bozdogan, developed in Goktug project, hit target with first shot, says Erdogan … Continue ReadingTurkey’s first air-to-air missile “Bozdogan” is a success
Categories Economy General Macro Focus: Recovery trend continues despite momentum loss Cem CetingucPosted on14 April, 202114 April, 2021 In February, IP increased by 0.1% MoM and 8.8% on a YoY. According to the consensus, … Continue ReadingMacro Focus: Recovery trend continues despite momentum loss
