Categories Business Economy HIGHLIGHTS July payrolls: Employment growth continues despite volatility in labour market statistics Atilla YeşiladaPosted on10 September, 2021 Unemployment rate witnesses 1.4% points increase, as workforce participation rate increases this time TURKSTAT … Continue ReadingJuly payrolls: Employment growth continues despite volatility in labour market statistics
Categories Business Company & Industry Company Update | MPARK: Hitting all the right notes Cem CetingucPosted on10 September, 202110 September, 2021 Strong 1H results and favorable outlook… After finishing a year of volatility with resilient financial … Continue ReadingCompany Update | MPARK: Hitting all the right notes
Categories Business Company & Industry Finance Turkish Industrials: Earnings Momentum set to continue in 2H; top picks KOC and Sabanci Cem CetingucPosted on10 September, 2021 Following another strong quarter supported by both healty domestic demand and exports,we increase our F2Y1E-22E … Continue ReadingTurkish Industrials: Earnings Momentum set to continue in 2H; top picks KOC and Sabanci
Categories Business HYPED Tourism season ends early in Turkey Atilla YeşiladaPosted on5 September, 2021 Tourism is a big deal in Turkey, generating a gross $30 bn per year before … Continue ReadingTourism season ends early in Turkey
Categories Business Company & Industry HIGHLIGHTS Burger King Turkey, China enterprises launches IPO Atilla YeşiladaPosted on3 September, 2021 The largest global franchisee of Restaurant Brands International Inc. has picked Citigroup Inc. and HSBC … Continue ReadingBurger King Turkey, China enterprises launches IPO
Categories Business Finance HIGHLIGHTS Germany cracks down on Turkish state lender Atilla YeşiladaPosted on1 September, 2021 Germany’s financial regulatory authority on August 26 announced a series of punitive measures against an … Continue ReadingGermany cracks down on Turkish state lender
Categories Business Finance HIGHLIGHTS Turkish government plans to limit consumer loans Atilla YeşiladaPosted on29 August, 2021 Turkey’s consumer and commercial loan use has slowed down considerably in 2H2021, but the government … Continue ReadingTurkish government plans to limit consumer loans
Categories Business General HIGHLIGHTS TIME selects Bodrum as one of ‘World’s Greatest Places’ Atilla YeşiladaPosted on29 August, 2021 The world-renowned news magazine TIME has selected Turkey’s prominent tourism hotspot Bodrum as one of … Continue ReadingTIME selects Bodrum as one of ‘World’s Greatest Places’
Categories Business Politics Tech U.S. trade chief: It is imperative for Turkey to remove digital services taxes Cem CetingucPosted on27 August, 2021 U.S. Trade Representative Katherine Tai told Turkey’s trade minister it was critical that countries remove … Continue ReadingU.S. trade chief: It is imperative for Turkey to remove digital services taxes
Categories Business Company & Industry IHC seeks investment opportunities in Turkey Cem CetingucPosted on27 August, 202127 August, 2021 Abu Dhabi conglomerate International Holding is seeking investment opportunities in Turkey in sectors including healthcare, … Continue ReadingIHC seeks investment opportunities in Turkey
Categories Business Politics Africa’s newest pal: Turkey Cem CetingucPosted on27 August, 2021 An Olympic-size swimming pool in coastal Senegal. A military base in Somalia. And in arid … Continue ReadingAfrica’s newest pal: Turkey
Categories Business HIGHLIGHTS Emre Demir: Kanal Istanbul, Turkey’s Middle Corridor, and the Belt and Road Initiative Atilla YeşiladaPosted on24 August, 2021 Despite mounting opposition from political and civil society groups due to potential environmental and political … Continue ReadingEmre Demir: Kanal Istanbul, Turkey’s Middle Corridor, and the Belt and Road Initiative
Categories Business Turkey pins hopes on British tourists to save a mediocre season Atilla YeşiladaPosted on24 August, 2021 The number of foreigners arriving in Turkey hit a 21-month high in July … Continue ReadingTurkey pins hopes on British tourists to save a mediocre season
Categories Business General Politics Tunisia wants to nix Turkey free trade deal Cem CetingucPosted on23 August, 202124 August, 2021 Tunisia is seeking an urgent review of a trade agreement with Turkey in order to … Continue ReadingTunisia wants to nix Turkey free trade deal
Categories Business Company & Industry EEMEA Refiners: Crack spreads, differentials, valuations Cem CetingucPosted on20 August, 2021 2Q21 results: All three companies reported strong 2Q21 updates, with large oil price related gains … Continue ReadingEEMEA Refiners: Crack spreads, differentials, valuations
Categories Business Economy HIGHLIGHTS Government announces new Covid-19 restrictions, confidence in AKP, economy to decline Atilla YeşiladaPosted on20 August, 202120 August, 2021 The administration will require negative COVID-19 test results and proofs of vaccination … Continue ReadingGovernment announces new Covid-19 restrictions, confidence in AKP, economy to decline
Categories Business Economy Macro Snapshot: Outstanding External Loans Received by Private Sector, June 2021 Cem CetingucPosted on19 August, 2021 In June, private sectors’ outstanding short term loans decreased by USD0.2bn to USD9.5bn whereas long … Continue ReadingMacro Snapshot: Outstanding External Loans Received by Private Sector, June 2021
Categories Business General Despite declining cases, US and Germany up Turkey travel warning Atilla YeşiladaPosted on19 August, 2021 A Blitzkrieg vaccination campaign helped ease Daily Covid-19 case load below 20K/day in Turkey, but … Continue ReadingDespite declining cases, US and Germany up Turkey travel warning
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
