Categories Business Company & Industry Oil & Gas: 2Q21 pit stop Atilla YeşiladaPosted on10 July, 2021 EEMEA oil & gas continues to benefit from a supportive macro backdrop with our revised … Continue ReadingOil & Gas: 2Q21 pit stop
Categories Business Company & Industry Economy Green projects in Turkey to create 100,000 + new jobs Cem CetingucPosted on9 July, 2021 A visible pipeline of 238 renewable projects in Turkey is expected to generate 9.2 gigawatts of capacity and 110,000 … Continue ReadingGreen projects in Turkey to create 100,000 + new jobs
Categories Business Company & Industry Markets Turkish Private Banks: Margin recovery delayed by yet another quarter, but… Cem CetingucPosted on5 July, 2021 The market’s muted reaction to the banks’ strong Q1 profits implies a re-rating requires earnings … Continue ReadingTurkish Private Banks: Margin recovery delayed by yet another quarter, but…
Categories Business Company & Industry EEMEA Aviation: Optimism with reason but with caution Cem CetingucPosted on5 July, 2021 Summer reopenings continue amid vaccine rollout acceleration: In our previous sector update (EEMEA Airlines: Reopening … Continue ReadingEEMEA Aviation: Optimism with reason but with caution
Categories Business Company & Industry KCHOL: Reinitiating coverage with TP of TL31.8/share Cem CetingucPosted on5 July, 2021 Attractive portfolio at a high discount… We re-initiate coverage on Koç Holding as we see the … Continue ReadingKCHOL: Reinitiating coverage with TP of TL31.8/share
Categories Business Company & Industry Şişecam to invest $310M in Hungary Cem CetingucPosted on10 June, 2021 In a bid to further boost its global expansion targets, Turkish glass manufacturer Şişecam is … Continue ReadingŞişecam to invest $310M in Hungary
Categories Business Company & Industry Getir raised another $550m capital, taking its talents to the US Cem CetingucPosted on7 June, 20217 June, 2021 Getir, the Istanbul-based grocery delivery app, has raised $550m in new funding — tripling its … Continue ReadingGetir raised another $550m capital, taking its talents to the US
Categories Business Company & Industry Goldman Sachs: Europe is re-opening, but refining margins and equities are lagging Cem CetingucPosted on7 June, 2021 The re-opening of Europe is gathering pace with the average activity level now at c.50% … Continue ReadingGoldman Sachs: Europe is re-opening, but refining margins and equities are lagging
Categories Company & Industry Finance Markets Macro Snapshot: Net FX Position of Non-Financial Companies Cem CetingucPosted on7 June, 2021 In March, net FX position of the non-financials was USD-157.5bn (2020: USD -157.6bn). FX assets … Continue ReadingMacro Snapshot: Net FX Position of Non-Financial Companies
Categories Business Company & Industry Karadeniz says to Lebanon: Pay debts or power cuts are on the way Cem CetingucPosted on15 May, 2021 Turkey’s Karadeniz, which supplies electricity to Lebanon from power barges, said on Tuesday Beirut must … Continue ReadingKaradeniz says to Lebanon: Pay debts or power cuts are on the way
Categories Business Company & Industry Top Banking Pick of 2021: Garanti Bank Cem CetingucPosted on10 May, 2021 Short-term recovery from recent lows likely Garanti share price is down 30% since our downgrade … Continue ReadingTop Banking Pick of 2021: Garanti Bank
Categories Business Company & Industry Company Outlook: Adding GARAN & SISE, Removing MGROS Cem CetingucPosted on10 May, 2021 Adding GARAN. We expect Garanti to maintain its leading position in ROE progression this year with … Continue ReadingCompany Outlook: Adding GARAN & SISE, Removing MGROS
Categories Business Company & Industry Economy EBRD & Turkey agreed to boost innovation in competitive sectors Cem CetingucPosted on6 May, 2021 The European Bank for Reconstruction and Development (EBRD) and Turkey have agreed to boost innovation … Continue ReadingEBRD & Turkey agreed to boost innovation in competitive sectors
Categories Company & Industry Economy Banking Sector: 1Q21 Earnings Preview Cem CetingucPosted on23 April, 2021 Macro volatility to take a toll on earnings We expect ROE’s to range between 0-12% … Continue ReadingBanking Sector: 1Q21 Earnings Preview
Categories Business Company & Industry Trendyol received 330 million dollars capital injection from partner Alibaba Cem CetingucPosted on22 April, 202122 April, 2021 Turkish e-commerce platform Trendyol has received an additional $330 million investment from existing partner Alibaba in a … Continue ReadingTrendyol received 330 million dollars capital injection from partner Alibaba
Categories Company & Industry Economy HIGHLIGHTS Alamos Gold files $1 billion claim against Turkey after mine project halted Güldem AtabayPosted on20 April, 2021 Alamos Gold Inc. of Canada filed a legal claim against Turkey for unfair expropriation and … Continue ReadingAlamos Gold files $1 billion claim against Turkey after mine project halted
Categories Business Company & Industry Amazon seeking long term expansion in Turkish market Cem CetingucPosted on20 April, 2021 Amazon is eyeing a long-term growth strategy in the country by expanding its operations, an … Continue ReadingAmazon seeking long term expansion in Turkish market
Categories Company & Industry General Turkey’s immense offshore wind potential sits untouched Cem CetingucPosted on17 April, 2021 The Caspian Sea, the Black Sea, and the Eastern Mediterranean offer abundant areas with great … Continue ReadingTurkey’s immense offshore wind potential sits untouched
Categories Company & Industry Economy HIGHLIGHTS Turkey bans crypto payments citing risks, hits Bitcoin price Güldem AtabayPosted on16 April, 2021 Turkey’s central bank banned the use of cryptocurrencies and crypto assets to purchase goods and … Continue ReadingTurkey bans crypto payments citing risks, hits Bitcoin price
Categories Company & Industry Politics Google gets fined by Turkish government for breaking competition law Cem CetingucPosted on15 April, 202115 April, 2021 Turkish authorities on Wednesday fined Google 296 million Turkish liras ($36.6 million) for violating the … Continue ReadingGoogle gets fined by Turkish government for breaking competition law
