Categories Business Company & Industry HIGHLIGHTS Aselsan made $450 billion export deals in 2020 Cem ÇetingüçPosted on25 January, 202125 January, 2021Turkish defense giant Aselsan signed export contracts worth over $450 million in 2020, the head … Continue ReadingAselsan made $450 billion export deals in 2020
Categories Business Company & Industry EEMEA Aviation: Road to recovery is open but bumpy Cem ÇetingüçPosted on22 January, 2021Optimistic for a strong Summer 2021. Last summer was proof that the appetite to travel … Continue ReadingEEMEA Aviation: Road to recovery is open but bumpy
Categories Business Company & Industry Top Picks Update: Adding ANSGR Cem ÇetingüçPosted on22 January, 202122 January, 2021Adding ANSGR. We are adding Anadolu Sigorta to our model portfolio with a recently increased TP of … Continue ReadingTop Picks Update: Adding ANSGR
Categories Business Company & Industry HIGHLIGHTS Getir raised $128 million in funding for overseas growth Cem ÇetingüçPosted on20 January, 2021Fast delivery company Getir provided $128 million in funding as a part of its growth … Continue ReadingGetir raised $128 million in funding for overseas growth
Categories Business Company & Industry Economy General HIGHLIGHTS Banks are becoming the new owner of Shopping Malls in Turkey Cem ÇetingüçPosted on18 January, 2021Banks are becoming the new owner of Shopping Malls in Turkey Transfer of 30 shopping … Continue ReadingBanks are becoming the new owner of Shopping Malls in Turkey
Categories Business Company & Industry Finance HIGHLIGHTS Markets Company Update: GARANTI – Our Top Banking Pick of 2021 Cem ÇetingüçPosted on15 January, 202115 January, 2021Garanti released 2021 operating plan guidance last week The Bank has kept 2020 guidance unchanged … Continue ReadingCompany Update: GARANTI – Our Top Banking Pick of 2021
Categories Business Company & Industry HIGHLIGHTS Markets Macro & Equity Outlook Report: Valuations reach close to fair Cem ÇetingüçPosted on14 January, 2021Valuations reach close to fair Turkish economy seeking sustainable growth in 2021. We estimate GDP … Continue ReadingMacro & Equity Outlook Report: Valuations reach close to fair
Categories Business Company & Industry Finance Markets Top Picks Update: Adding MPARK, Removing TTKOM Cem ÇetingüçPosted on11 January, 2021Adding MPARK. We are adding MLP Care to our model portfolio with a recently increased TP … Continue ReadingTop Picks Update: Adding MPARK, Removing TTKOM
Categories Company & Industry Economy Finance HIGHLIGHTS Turkish Banks: 2021 outlook Cem ÇetingüçPosted on10 January, 202110 January, 2021We turn selective after the recent rally. We maintain our view that profitability should improve … Continue ReadingTurkish Banks: 2021 outlook
Categories Business Company & Industry HIGHLIGHTS AKBNK – Short Term Pain Before Long Term Gain Cem ÇetingüçPosted on7 January, 20217 January, 2021Akbank announces 2021 targets with ROE recovery skewed to 2H The Bank has confirmed 2020 … Continue ReadingAKBNK – Short Term Pain Before Long Term Gain
Categories Business Company & Industry Politics Political motives lie behind Volkswagen decision Cem ÇetingüçPosted on4 January, 2021ANKARA Turkey’s industry minister said on Sunday that the decision by Volkswagen to pull out … Continue ReadingPolitical motives lie behind Volkswagen decision
Categories Company & Industry Economy Finance Markets Y.F. Macro Snapshot: CUR, RSCI and Sectoral Confidence Indices Cem ÇetingüçPosted on25 December, 202025 December, 2020In December, CUR of manufacturing sector and RSCI increased whereas sectoral confidence indexes recorded monthly … Continue ReadingY.F. Macro Snapshot: CUR, RSCI and Sectoral Confidence Indices
Categories Business Company & Industry Markets Y.F. Securities: Turkish Banks – Weekly DataWatch Cem ÇetingüçPosted on24 December, 202024 December, 2020Second week of FX loan growth; TL loans flat According to BRSA weekly bulletin for … Continue ReadingY.F. Securities: Turkish Banks – Weekly DataWatch
Categories Company & Industry General Markets Turkey discovered major gold deposit Cem ÇetingüçPosted on23 December, 2020Turkey has discovered a major gold deposit holding an estimated 3.5 million ounces (99 tonnes) of the precious … Continue ReadingTurkey discovered major gold deposit
Categories Business Company & Industry Finance Y.F. COMPANY UPDATE – OZKGY: Upside limited after stellar 2020 Cem ÇetingüçPosted on21 December, 2020Upside limited after stellar 2020 performance Increasing trend in interest rates could push down the … Continue ReadingY.F. COMPANY UPDATE – OZKGY: Upside limited after stellar 2020
Categories Business Company & Industry Politics EU mulling dumping duties on Turkish steel Cem ÇetingüçPosted on18 December, 2020The European Commission is to impose an anti-dumping duty of 4.6%-7.8% on imports of some … Continue ReadingEU mulling dumping duties on Turkish steel
Categories Company & Industry Economy Finance Markets Y.F. Macro Focus: IP, October 2020: Recovery Trend Continues But Loses Steam Cem ÇetingüçPosted on14 December, 2020In October, IP increased by 1.1% MoM and 10.2% on a YoY. According to the consensus, … Continue ReadingY.F. Macro Focus: IP, October 2020: Recovery Trend Continues But Loses Steam
Categories Company & Industry Finance Markets Y.F. Research – TUPRS: Upgrade to Outperform Cem ÇetingüçPosted on14 December, 2020Massive margin squeeze should be over We believe the massive margin squeeze for TUPRS should … Continue ReadingY.F. Research – TUPRS: Upgrade to Outperform
Categories Company & Industry Finance Markets Y.F. Company Initiation: CIMSA – Appetite for Growth Cem ÇetingüçPosted on14 December, 2020Worlds’ second largest white cement producer expanding its global footprint With nearly 1.7mn ton/year clinker … Continue ReadingY.F. Company Initiation: CIMSA – Appetite for Growth
Categories Business Company & Industry General Politics TurkStream: Is it doomed to fail? Cem ÇetingüçPosted on14 December, 2020Although couched in sound geostrategic reasoning, TurkStream has encountered no shortage of obstacles since its … Continue ReadingTurkStream: Is it doomed to fail?
