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
Categories Company & Industry HIGHLIGHTS Turkish defense companies boost export performance in 2024 Cem CetingucPosted on5 July, 2024 Turkish defense and aerospace companies boosted their export performance significantly in the first half of … Continue ReadingTurkish defense companies boost export performance in 2024
Categories Company & Industry HIGHLIGHTS Getir secures $250m and restructures into two businesses Cem CetingucPosted on2 July, 2024 Turkish food delivery giant Getir has received $250 million in investment led by Abu Dhabi wealth fund Mubadala … Continue ReadingGetir secures $250m and restructures into two businesses
Categories Company & Industry HIGHLIGHTS Turkish airlines recognized as ‘top airline in europe’ Cem CetingucPosted on25 June, 2024 Turkish Airlines has said that it was named “Best Airline in Europe” by Skytrax at the 2024 World Airline … Continue ReadingTurkish airlines recognized as ‘top airline in europe’
Categories Business Company & Industry HIGHLIGHTS Turkish real estate prices slump in real terms in April Atilla YeşiladaPosted on25 June, 2024 House Price Index (HPI) increased by 2.2 percent in April compared to the previous month … Continue ReadingTurkish real estate prices slump in real terms in April
Categories Company & Industry HIGHLIGHTS Turkey’s industrial production drops by 0.7 percent annually Cem CetingucPosted on12 June, 202412 June, 2024 Türkiye’s industrial production contracted by 0.7% year-on-year in April 2024, according to data released by … Continue ReadingTurkey’s industrial production drops by 0.7 percent annually
Categories Company & Industry HIGHLIGHTS Erdogan Announces Increase in Oil Production in Gabar, Turkey Cem CetingucPosted on6 June, 2024 Turkish President Recep Tayyip Erdogan on Tuesday announced that the daily production of oil in … Continue ReadingErdogan Announces Increase in Oil Production in Gabar, Turkey
Categories Company & Industry Finance HIGHLIGHTS Markets Borsa İstanbul star of Emerging Markets but rally is stalling on account of bank valuations Atilla YeşiladaPosted on2 June, 2024 Borsa Istanbul BIST-100 main index completed May at 10,400 points with an increase of 3.53 … Continue ReadingBorsa İstanbul star of Emerging Markets but rally is stalling on account of bank valuations
Categories Business Company & Industry HYPED New recommendation for Turkey’s private lenders Atilla YeşiladaPosted on2 June, 2024 This is an excerpt from HSBC Research Note! PA Turkey does not do equity research, … Continue ReadingNew recommendation for Turkey’s private lenders
Categories Company & Industry HYPED Markets HOLD recommendation for Turkish glassware giant by HSBC Research Atilla YeşiladaPosted on2 June, 2024 Key points We foresee sales volume recovery in key product groups this year but a … Continue ReadingHOLD recommendation for Turkish glassware giant by HSBC Research
