Categories Business Company & Industry Company Outlook | Aselsan: High growth and compelling valuation Cem CetingucPosted on6 April, 20216 April, 2021 Stock’s underperformance of a retreating Turkish market unjustified in our view. Aselsan’s share price fell … Continue ReadingCompany Outlook | Aselsan: High growth and compelling valuation
Categories General Turkey avoided recession, however high inflation and Lira volatility remains Cem CetingucPosted on31 March, 2021 Relations with the EU and the US remain strained: President Erdogan won the June 2018 … Continue ReadingTurkey avoided recession, however high inflation and Lira volatility remains
Categories Business Politics Turkey to complain to WTO over informal Saudi boycott Cem CetingucPosted on31 March, 202131 March, 2021 Turkey is to take the semiofficial boycott by Saudi Arabia on made-in-Turkey goods to the … Continue ReadingTurkey to complain to WTO over informal Saudi boycott
Categories Company & Industry THY: Strong positioning, geared to leisure travel recovery; reiterate Buy Cem CetingucPosted on30 March, 2021 We revise our estimates for Turkish Airlines (THY). Reflecting more upbeat expectations from management post … Continue ReadingTHY: Strong positioning, geared to leisure travel recovery; reiterate Buy
Categories Business Company & Industry Company Outlook | Mavi: Emerging stronger Cem CetingucPosted on30 March, 202130 March, 2021 Managing inventories, preserving margins: Despite a c26% drop in retail revenues in FY21 and an … Continue ReadingCompany Outlook | Mavi: Emerging stronger
Categories Economy Politics Erdogan starts a political earthquake in Turkey Cem CetingucPosted on29 March, 2021 Vijay Prashad, Ahmet Tonak Significant developments are underway in Turkey. Most ominously, the government of … Continue ReadingErdogan starts a political earthquake in Turkey
Categories Economy Güldem Atabay Politics Erdoğan firing central bank governor gamble on snap elections Cem CetingucPosted on29 March, 202129 March, 2021 Turkey’s President Recep Tayyip Erdoğan shook international markets by firing the well-regarded governor of the … Continue ReadingErdoğan firing central bank governor gamble on snap elections
Categories Economy Politics Turkey’s economic mess is a policy failure rather than a divine test Cem CetingucPosted on29 March, 2021 David Lepeska President Recep Tayyip Erdogan subtly acknowledged the depth of Turkey’s financial woes in … Continue ReadingTurkey’s economic mess is a policy failure rather than a divine test
