Categories Company & Industry Finance HIGHLIGHTS Morgan Stanley on TURKEY: Rate cutting cycle delayed, TL to remain healthy, too early for bank stocks Atilla YeşiladaPosted on21 October, 2024 Key Takeaways We expect a rate-cutting cycle to start with 250bp in January. Keeping this … Continue ReadingMorgan Stanley on TURKEY: Rate cutting cycle delayed, TL to remain healthy, too early for bank stocks
Categories Company & Industry HIGHLIGHTS Rising tourism demand in Türkiye predicted to persist through winter Cem CetingucPosted on14 October, 2024 Asignificant increase in both domestic and international travel demand for Türkiye has been observed, according … Continue ReadingRising tourism demand in Türkiye predicted to persist through winter
Categories Company & Industry HIGHLIGHTS Markets China plans to sue Turkey over electric vehicle tariffs Cem CetingucPosted on9 October, 2024 China’s Ministry of Commerce (MOFCOM) announced on Tuesday that it has submitted a consultation request … Continue ReadingChina plans to sue Turkey over electric vehicle tariffs
Categories Company & Industry HIGHLIGHTS Over 150 workers lost their lives in Turkey in september Cem CetingucPosted on4 October, 2024 According to the ‘September 2024 Work Killings Report’ released by the Workers’ Health and Safety … Continue ReadingOver 150 workers lost their lives in Turkey in september
Categories Business Company & Industry HIGHLIGHTS Turkey tightens hybrid car import regulations amid push for Chinese investments Cem CetingucPosted on23 September, 2024 Turkey’s Trade Ministry imposed strict conditions on the import of plug-in hybrid vehicles from some … Continue ReadingTurkey tightens hybrid car import regulations amid push for Chinese investments
Categories Company & Industry General HIGHLIGHTS Indonesia looks to acquire ‘naval power’ from Turkey Cem CetingucPosted on23 September, 2024 The Indonesian navy commander has expressed intention to procure additional warships from Türkiye, with proposals for submarines also on the … Continue ReadingIndonesia looks to acquire ‘naval power’ from Turkey
Categories Company & Industry HIGHLIGHTS China imposes restrictions on EV tech transfers in overseas investments Cem CetingucPosted on13 September, 2024 China is pushing electric vehicle (EV) manufacturers to avoid transferring advanced technologies abroad. The South … Continue ReadingChina imposes restrictions on EV tech transfers in overseas investments
Categories Company & Industry HIGHLIGHTS Politics Norway lifts restrictions on defense exports to Turkey Cem CetingucPosted on12 September, 2024 Norway has returned to its normal practice regarding the export of defense materials and multi-purpose … Continue ReadingNorway lifts restrictions on defense exports to Turkey
Categories Company & Industry HIGHLIGHTS Migros (MGROS): updating estimates following Q2 results Cem CetingucPosted on11 September, 2024 Migros reported solid Q2 2024 results on August 20th. In Q2 2024, Migros generated TL64,293m revenues … Continue ReadingMigros (MGROS): updating estimates following Q2 results
Categories Business Company & Industry HIGHLIGHTS Turkey’s contracting sector secures $11.2B in international projects from January to August Cem CetingucPosted on9 September, 2024 The Turkish contracting sector undertook projects abroad amounting to $11.2 billion in the first eight … Continue ReadingTurkey’s contracting sector secures $11.2B in international projects from January to August
Categories Company & Industry HIGHLIGHTS Akbank: Upgrade to Buy: Margins turning the corner Cem CetingucPosted on19 August, 2024 Recent pullback provides an attractive entry point: We expect Akbank’s NIM to enter an upcycle … Continue ReadingAkbank: Upgrade to Buy: Margins turning the corner
Categories Company & Industry HIGHLIGHTS Markets TURKEY equity strategy: Waiting for rate cuts Atilla YeşiladaPosted on16 August, 2024 Investors are trying to gauge when the macro policies will bare fruit and the timing … Continue ReadingTURKEY equity strategy: Waiting for rate cuts
Categories Company & Industry HIGHLIGHTS Turkey achieves milestone with five defense firms in global top 100 Cem CetingucPosted on16 August, 2024 If anything, the inclusion of as many as five Turkish firms in this year’s list … Continue ReadingTurkey achieves milestone with five defense firms in global top 100
Categories Company & Industry HIGHLIGHTS Türkiye’s R&D spending hits 98.7 billion TRY in 2023 Cem CetingucPosted on8 August, 2024 Türkiye’s central government budget outlays on Research and Development (R&D) activities amounted to 98 billion … Continue ReadingTürkiye’s R&D spending hits 98.7 billion TRY in 2023
Categories Company & Industry Finance HIGHLIGHTS Fitch: Good news, bad news about Turkish banks Atilla YeşiladaPosted on31 July, 2024 The operating environment for Turkish banks has improved in recent months, due to more orthodox … Continue ReadingFitch: Good news, bad news about Turkish banks
Categories Company & Industry HYPED Morgan Stanley Akbank equity report: FY24 guidance lowered Atilla YeşiladaPosted on31 July, 2024 FY24 revised guidance. Akbank revised its FY24 guidance with 2Q24 earnings and is now expecting: … Continue ReadingMorgan Stanley Akbank equity report: FY24 guidance lowered
Categories Business Company & Industry HIGHLIGHTS Ak Invest 2Q2024 earnings preview: Telecom, healthcare and retailing look relatively better in 2Q24 Atilla YeşiladaPosted on31 July, 2024 With this report, following our earnings preview on banks and insurance companies that we previously … Continue ReadingAk Invest 2Q2024 earnings preview: Telecom, healthcare and retailing look relatively better in 2Q24
Categories Business Company & Industry HIGHLIGHTS HSBC TAV Airports report: Downgrade to Hold: Close to fair value Atilla YeşiladaPosted on30 July, 2024 Highlights FCF and dividend story intact but valuation less attractive after strong re-rating Traffic outlook … Continue ReadingHSBC TAV Airports report: Downgrade to Hold: Close to fair value
Categories Company & Industry General HIGHLIGHTS Egyptian start-up acquires Turkish sister company Cem CetingucPosted on29 July, 2024 MNT-Halan, a fintech unicorn out of Egypt, is on a consolidation march. The microfinance and … Continue ReadingEgyptian start-up acquires Turkish sister company
Categories Company & Industry HIGHLIGHTS Turkish construction companies tackle 7.6B dollars worth of projects Cem CetingucPosted on5 July, 2024 Turkish construction companies undertook $7.6 billion (TL 247.5 billion) worth of projects abroad this January-June, … Continue ReadingTurkish construction companies tackle 7.6B dollars worth of projects
