Categories Company & Industry Markets Investment banks like Arcelik Atilla YeşiladaPosted on28 October, 2020JP Morgan Cazenove: Overweight We expect Arcelik to post a remarkable Q3 performance that is … Continue ReadingInvestment banks like Arcelik
Categories Business Company & Industry TEPE Index for September 2020: Retail confidence turns sideways Atilla YeşiladaPosted on26 October, 2020129th Issue of Economic Policy Research Foundation of Turkey (TEPAV) Retail Confidence Index (TEPE), has … Continue ReadingTEPE Index for September 2020: Retail confidence turns sideways
Categories Company & Industry Markets Yapi and Kredi Bank: Valuation justifies looking past macro risks Atilla YeşiladaPosted on21 October, 202023% q/q increase in 3Q20E net income on trading gains Our 3Q20 BRSA solo net … Continue ReadingYapi and Kredi Bank: Valuation justifies looking past macro risks
Categories Company & Industry Economy Emerging Markets Finance HIGHLIGHTS JPMorgan Calls Turnaround on Turkey as Markets Warm to Borrowers Güldem AtabayPosted on20 October, 2020JPMorgan Chase & Co.’s top executive in Turkey said the momentum from the government’s international … Continue ReadingJPMorgan Calls Turnaround on Turkey as Markets Warm to Borrowers
Categories Business Company & Industry No Return to normal until 2023 for Tourism Atilla YeşiladaPosted on17 October, 2020By Samiye Başçı, Sozcu.com.tr While the tourism sector is preparing to close 2020 with a … Continue ReadingNo Return to normal until 2023 for Tourism
Categories Company & Industry HIGHLIGHTS Markets Borsa Istanbul 3Q Earnings Review: The summer of discontent Atilla YeşiladaPosted on16 October, 2020One of Turkey’s leading investment banks, Yatirim Finans (Invest) became the first institution to disclose … Continue ReadingBorsa Istanbul 3Q Earnings Review: The summer of discontent
Categories Business Company & Industry HYPED Fragile oil and gas interests at stake for Azerbaijan, Russia and Turkey in Nagorno-Karabakh Atilla YeşiladaPosted on16 October, 2020Nagorno-Karabakh’s close proximity to key Azeri oil and gas infrastructure means that there will be … Continue ReadingFragile oil and gas interests at stake for Azerbaijan, Russia and Turkey in Nagorno-Karabakh
Categories Company & Industry OZKGY REIT: Marching on despite macro headwinds Atilla YeşiladaPosted on10 October, 202014% increase in 2020E sales in Buyukyali Project Reaching to all-time high levels in July … Continue ReadingOZKGY REIT: Marching on despite macro headwinds
Categories Business Company & Industry Turkish Banks: The comeback Atilla YeşiladaPosted on9 October, 2020Turkish banks have long been trading near historical troughs, with foreign institutional investor interest at … Continue ReadingTurkish Banks: The comeback
Categories Business Company & Industry Turkey Wealth Fund profit fell 48.3 percent in 2019 Atilla YeşiladaPosted on9 October, 2020By Emre Deveci, sozcu.com.tr Owning 20 publicly owned companies (State Economic Enterprises) including public sector … Continue ReadingTurkey Wealth Fund profit fell 48.3 percent in 2019
Categories Business Company & Industry HIGHLIGHTS Turkey Food Retail: Time to refocus, valuations appear cheap Atilla YeşiladaPosted on8 October, 2020Post our recent conversations with Turkish Food retailers, we conclude that: 1) There is not … Continue Reading Turkey Food Retail: Time to refocus, valuations appear cheap
Categories Business Company & Industry Tech Turkey’s e-commerce giant Trendyol enters European market Atilla YeşiladaPosted on8 October, 2020One of Turkey’s largest e-commerce companies, Trendyol, has entered the European market with a new … Continue ReadingTurkey’s e-commerce giant Trendyol enters European market
Categories Business Company & Industry UPDATE: Reuters: Turkey Wealth Fund seeks financial aid for THY Atilla YeşiladaPosted on8 October, 2020Translated From: t24.com.tr, daily SABAH Reuters news agency claimed Turkey Wealth Fund (TVF) has announced … Continue ReadingUPDATE: Reuters: Turkey Wealth Fund seeks financial aid for THY
Categories Company & Industry Markets AK Invest equity strategy: US elections and bank stocks Atilla YeşiladaPosted on7 October, 2020Continuing foreign exchange pressure brought new policy steps In September, when Moody’s announced a credit … Continue ReadingAK Invest equity strategy: US elections and bank stocks
Categories Company & Industry Economy Emerging Markets HIGHLIGHTS Turkey Bank Stocks Sink to Record Discount Amid Foreign Exit Güldem AtabayPosted on18 September, 2020Turkish bank stocks, hardest hit by a selloff of Istanbul equities from foreigners, are trading … Continue ReadingTurkey Bank Stocks Sink to Record Discount Amid Foreign Exit
Categories Business Company & Industry COMPANY UPDATE: ERDEMIR Atilla YeşiladaPosted on10 September, 2020Better margins, strong volumes and attractive dividend ahead Steel prices displayed a V-shaped recovery after … Continue ReadingCOMPANY UPDATE: ERDEMIR
Categories Business Company & Industry Turkish Automobiles: Tax change: Neither the first nor the last Atilla YeşiladaPosted on5 September, 20205 September, 2020Unexpected but not really surprising Turkey has revised taxation of passenger cars taking effect as … Continue ReadingTurkish Automobiles: Tax change: Neither the first nor the last
Categories Company & Industry HIGHLIGHTS Markets NYT: Turkey Braces for Yet Another Currency Crisis Atilla YeşiladaPosted on28 August, 2020When the Turkish lira plunged to a new low against the dollar and euro this … Continue ReadingNYT: Turkey Braces for Yet Another Currency Crisis
Categories Business Company & Industry HYPED EEMEA Refineries: When models don’t work Atilla YeşiladaPosted on24 August, 2020As the EEMEA refining sector is going through one of the most challenging macro environments … Continue ReadingEEMEA Refineries: When models don’t work
Categories Business Company & Industry HIGHLIGHTS Turk Telekom: Undervalued fundamentals and resilience to macro moves Atilla YeşiladaPosted on23 August, 2020Turk Telekom shares are down 7% in USD terms over the last three months (versus … Continue ReadingTurk Telekom: Undervalued fundamentals and resilience to macro moves
