Categories Business Company & Industry Finance HIGHLIGHTS Kordsa: Reinforced By Surging Demand Cem CetingucPosted on1 December, 20211 December, 2021 We are initiating coverage of Kordsa Teknik Tekstil (“Kordsa”) with a Buy rating and a … Continue ReadingKordsa: Reinforced By Surging Demand
Categories Business Company & Industry Finance HIGHLIGHTS Downgrading Turkish banks; spotlight on capital Cem CetingucPosted on1 December, 2021 Until now, resilient financial performance of Turkish banks led to us to maintain Buy/High Risk … Continue ReadingDowngrading Turkish banks; spotlight on capital
Categories Business Company & Industry HIGHLIGHTS Turkish Automotive : Great expectations Cem CetingucPosted on30 November, 202130 November, 2021 In this report, we transfer coverage and revisit the investment cases of Ford Otosan, Tofas … Continue ReadingTurkish Automotive : Great expectations
Categories Business Company & Industry HIGHLIGHTS HSBC Global Research: TUPRS (Hold maintained) Cem CetingucPosted on30 November, 202130 November, 2021 Strategic transition plan: Tupras management released yesterday the details of its Strategic Transition Plan … Continue ReadingHSBC Global Research: TUPRS (Hold maintained)
Categories Company & Industry General HIGHLIGHTS JP Morgan: Turkish Banks Cem CetingucPosted on30 November, 2021 We upgrade select subs of Turkish large banks from N to OW. For this upgrade … Continue ReadingJP Morgan: Turkish Banks
Categories Business Company & Industry TPAO awards contract to Wood for Turkey’s largest gas reserve Cem CetingucPosted on30 November, 2021 Turkey’s state energy company Turkish Petroleum Corporation (TPAO) has appointed Wood, the global consulting and … Continue ReadingTPAO awards contract to Wood for Turkey’s largest gas reserve
Categories Company & Industry Markets Turkish motor vehicle production decreased 28% YoY in October Cem CetingucPosted on15 November, 2021 Automakers in Turkey produced 108,078 vehicles in October, including automobiles and commercial vehicles, according to … Continue ReadingTurkish motor vehicle production decreased 28% YoY in October
Categories Company & Industry Finance TUPRS TI | Downgrade to Hold: Low season Cem CetingucPosted on15 November, 2021 Strong rally: Tupras’ share price has rallied 45% in USD terms (vs. a c.5% gain … Continue ReadingTUPRS TI | Downgrade to Hold: Low season
Categories Business Company & Industry Getir poised to buy discount market chain Cem CetingucPosted on14 November, 2021 Turkish fast grocery-delivery company Getir has signed a non-binding deal to buy shares of Sok … Continue ReadingGetir poised to buy discount market chain
Categories Company & Industry General Politics THY faces EU ban for ferrying migrants Cem CetingucPosted on11 November, 2021 Turkish Airlines and FlyDubai could be banned in the EU for flying migrants to Belarus … Continue ReadingTHY faces EU ban for ferrying migrants
Categories Business Company & Industry HIGHLIGHTS Energy shock promises a cold winter Atilla YeşiladaPosted on27 October, 2021 As the world wrestles with soaring energy prices just ahead of winter, Turkey is revving … Continue ReadingEnergy shock promises a cold winter
Categories Business Company & Industry Ergun Unutmaz: Sisecam DCF Valuation and Comments Cem CetingucPosted on25 October, 2021
Categories Company & Industry Economy JP Morgan: CBRT speeds up monetary easing despite tricky fundamentals Cem CetingucPosted on24 October, 2021 The CBRT managed to surprise the markets yet again and cut its policy by 200bp … Continue ReadingJP Morgan: CBRT speeds up monetary easing despite tricky fundamentals
Categories Business Company & Industry Turkish Banks: Still cheap but less cheerful Cem CetingucPosted on21 October, 2021 Going through an easing cycle but concerns on inflation still lingering Following the CBRT’s 100 … Continue ReadingTurkish Banks: Still cheap but less cheerful
Categories Business Company & Industry Turkey sealed a three-year, 11 billion cubic metres (bcm) natural gas accord with Azerbaijan Cem CetingucPosted on16 October, 2021 Turkey has sealed a three-year, 11 billion cubic metres (bcm) natural gas accord with Azerbaijan … Continue ReadingTurkey sealed a three-year, 11 billion cubic metres (bcm) natural gas accord with Azerbaijan
Categories Business Company & Industry Pegasus (PGSUS TI) evolving towards a recovery: Buy Cem CetingucPosted on16 October, 202116 October, 2021 Traffic and revenue Traffic moving in line with the company’s expectations, evolving towards a recovery … Continue ReadingPegasus (PGSUS TI) evolving towards a recovery: Buy
Categories Company & Industry Economy Global economy struggling with a growing energy crisis Cem CetingucPosted on16 October, 2021 Global economy struggling with a growing energy crisis. The mounting energy prices has become the hottest … Continue ReadingGlobal economy struggling with a growing energy crisis
Categories Business Company & Industry Turkey expands combat drone sales to Africa Cem CetingucPosted on15 October, 2021 Turkey has expanded the export of its renowned unmanned combat aerial vehicle (UCAV) by negotiating … Continue ReadingTurkey expands combat drone sales to Africa
Categories Company & Industry Economy EM Europe Food Retail Research Cem CetingucPosted on15 October, 2021 Russia – Consolidation, inflation and new growth channels: Inflation remains a key concern in Russia, … Continue ReadingEM Europe Food Retail Research
Categories Company & Industry Emerging Markets EM needs $1 trillion to transition to low-carb economy Cem CetingucPosted on15 October, 2021 Emerging market economies need $1 trillion a year of public and private finance in order … Continue ReadingEM needs $1 trillion to transition to low-carb economy
