Categories General Politics Human rights organizations called EU Council to take action against Turkey Cem ÇetingüçPosted on2 March, 20212 March, 2021Three different International human rights organizations called the European Council to take action against Turkey, … Continue ReadingHuman rights organizations called EU Council to take action against Turkey
Categories Company & Industry HIGHLIGHTS Company Update | Alarko Holding: TP revised up to TL14.70/share Cem ÇetingüçPosted on1 March, 2021Updating NAV valuation, TP revised up to TL14.70/share We update our sum of the parts … Continue ReadingCompany Update | Alarko Holding: TP revised up to TL14.70/share
Categories Business Company & Industry HIGHLIGHTS Turkish Banks Outlook | January 2021 Cem ÇetingüçPosted on1 March, 2021Higher ROE of 9% in January on other income Turkish banking sector’s January net income … Continue ReadingTurkish Banks Outlook | January 2021
Categories Company & Industry HIGHLIGHTS Company Outlook | Koc Holding: Model Update Cem ÇetingüçPosted on25 February, 2021Koc Holding posted strong FY’20 earnings last week (here), supported by a robust operating performance in … Continue ReadingCompany Outlook | Koc Holding: Model Update
Categories Business General Politics “Turkey & UK must stand together” Britain Prime Minister explains Cem ÇetingüçPosted on19 February, 2021Turkey and the UK must stand together as two independent trading nations to build a … Continue Reading“Turkey & UK must stand together” Britain Prime Minister explains
Categories Economy General HIGHLIGHTS Politics Turkey becoming a major player in Africa Cem ÇetingüçPosted on19 February, 202119 February, 2021When, in 2005, he first set foot on African soil, on a tour of Ethiopia, … Continue ReadingTurkey becoming a major player in Africa
Categories Business Company & Industry General Turkish Auto sector: 2021 starts under similar dynamics to a strong 2H20 Cem ÇetingüçPosted on17 February, 2021Too early to worry about a downturn yet. The operating environment that drove margins and … Continue ReadingTurkish Auto sector: 2021 starts under similar dynamics to a strong 2H20
Categories Business Economy Finance HIGHLIGHTS Outstanding loans received from abroad by private sector was $172.2 billion Cem ÇetingüçPosted on17 February, 2021In December, short term outstanding loans increased by USD1.8bn whereas long term outstanding external loans … Continue ReadingOutstanding loans received from abroad by private sector was $172.2 billion
Categories General HIGHLIGHTS Markets Golf becomes the new star of Turkish Tourism Cem ÇetingüçPosted on17 February, 2021Turkey’s Culture and Tourism Ministry has shared photos of the golf courses across the country on … Continue ReadingGolf becomes the new star of Turkish Tourism
Categories General Company Outlook: HALKB, TUPRS: 4Q20 net income in line & 2021 targets optimistic Cem ÇetingüçPosted on16 February, 202116 February, 20214Q20 net income in line & 2021 targets optimistic Halk’s 4Q20 net income of TRY510mn … Continue ReadingCompany Outlook: HALKB, TUPRS: 4Q20 net income in line & 2021 targets optimistic
Categories General Turkey Macro View: Growth momentum remains at full throttle as of December 2020 Cem ÇetingüçPosted on14 February, 2021YoY IP growth remains double digit in December. In December, the unadjusted industrial production index … Continue ReadingTurkey Macro View: Growth momentum remains at full throttle as of December 2020
Categories Economy Finance HIGHLIGHTS Macro Snapshot: CBRT’s Expectations Survey, February 2021 Cem ÇetingüçPosted on14 February, 2021MoM expectations close to the historical averages in the coming months except February (2003- 2020 … Continue ReadingMacro Snapshot: CBRT’s Expectations Survey, February 2021
Categories General Politics How will Washington and Ankara get along? Cem ÇetingüçPosted on12 February, 202112 February, 2021Sayed Abdel-Meguid In his first press conference since taking his post in Ankara over a … Continue ReadingHow will Washington and Ankara get along?
Categories Economy General HIGHLIGHTS Employable citizen numbers increased, while employment plummetting in Turkey Cem ÇetingüçPosted on10 February, 202110 February, 2021Population of Turkey reached to 83 million 614 thousand. The working population (age 15 and … Continue ReadingEmployable citizen numbers increased, while employment plummetting in Turkey
Categories Economy Finance While TL deposit rates Increase slightly, Commercial Loan Rates Increase by 57 Base Points Cem ÇetingüçPosted on10 February, 202110 February, 2021TL deposit interest rates of banks were 16.08 % in the week of January 22, … Continue ReadingWhile TL deposit rates Increase slightly, Commercial Loan Rates Increase by 57 Base Points
Categories Economy HIGHLIGHTS BDM President Sinan Öncel: Brands lost 60 percent turnover in January Cem ÇetingüçPosted on9 February, 2021Drawing attention to the significant increases in raw material costs and inputs in other items … Continue ReadingBDM President Sinan Öncel: Brands lost 60 percent turnover in January
Categories Business Company & Industry TPAO seeking partneship Cem ÇetingüçPosted on8 February, 20218 February, 2021Turkey’s state-owned oil and gas company is considering partnerships and plans to raise funding this … Continue ReadingTPAO seeking partneship
Categories Business Company & Industry Xiaomi set to open production plant in Istanbul Cem ÇetingüçPosted on8 February, 20218 February, 2021China’s leading device maker Xiaomi is set to open a production facility in Istanbul with an investment … Continue ReadingXiaomi set to open production plant in Istanbul
Categories Business Company & Industry Yapi Kredi Bank Outlook: 4Q20 results in line with expectations Cem ÇetingüçPosted on7 February, 2021Yapi Kredi’s 4Q20 net profit of TRY765mn (-59% QoQ, >100% YoY) was in line with … Continue ReadingYapi Kredi Bank Outlook: 4Q20 results in line with expectations
Categories Economy Markets Macro Snapshot: Net FX Position of Non-Financial Companies ,November 2020 Cem ÇetingüçPosted on7 February, 2021In November, net FX position of the non-financials was USD-158.3bn (3Q20: USD -161.9bn). The total … Continue ReadingMacro Snapshot: Net FX Position of Non-Financial Companies ,November 2020
