Categories Finance HYPED Markets Central Bank intervenes 2nd time in currency market, market says “Not enough” Atilla YeşiladaPosted on3 December, 2021 Turkey’s lira edged near to its record low on Friday, triggering direct central bank intervention … Continue ReadingCentral Bank intervenes 2nd time in currency market, market says “Not enough”
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 Economy Finance General HIGHLIGHTS Macro Snapshot: Manufacturing PMI increased to 52 in November Cem CetingucPosted on1 December, 2021 Manufacturing PMI increased to 52 in November (Prior: 51.2). Headline figure continued to remain above … Continue ReadingMacro Snapshot: Manufacturing PMI increased to 52 in November
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 Finance General Why Turkey’s Currency Just Collapsed: The Lira Economic Crisis – TLDR News Atilla YeşiladaPosted on30 November, 2021 So over the last few weeks (months and years) Turkey’s currency, the Lira, has … Continue ReadingWhy Turkey’s Currency Just Collapsed: The Lira Economic Crisis – TLDR News
Categories Finance Markets Why is Turkey’s lira dropping?—Video Atilla YeşiladaPosted on29 November, 2021 Turkey is the only G20 country operating this unorthodox monetary stance’ Timothy Ash, … Continue ReadingWhy is Turkey’s lira dropping?—Video
Categories Emerging Markets Finance Markets Turkey may not be the only country facing a currency crisis, says investor Mark Mobius Atilla YeşiladaPosted on27 November, 2021 Turkey may not be the only country facing a currency crisis given the prospects of … Continue ReadingTurkey may not be the only country facing a currency crisis, says investor Mark Mobius
Categories Business Finance Central Bank Financial Stability Report: Turkish banking sector can manage funding, liquidity risks Atilla YeşiladaPosted on26 November, 2021 Turkey’s banking sector has adequate buffers to manage funding and liquidity risks, the Central Bank … Continue ReadingCentral Bank Financial Stability Report: Turkish banking sector can manage funding, liquidity risks
Categories Economy Finance HIGHLIGHTS Turkish central bank, banks discuss rates after lira tumble Güldem AtabayPosted on26 November, 2021 Turkey’s central bank governor said he discussed recent interest rate cuts with bankers at a … Continue ReadingTurkish central bank, banks discuss rates after lira tumble
Categories Business Finance HIGHLIGHTS Turkish Banks: Sensitivity of capital ratios to currency and asset quality Cem CetingucPosted on25 November, 202125 November, 2021 We update our interactive spreadsheet to stress capital positions with Q3 results: The unfavourable outlook … Continue ReadingTurkish Banks: Sensitivity of capital ratios to currency and asset quality
Categories Finance HYPED Markets CNBC: Turkey uncertainty leaves little appeal for investors, strategist says Atilla YeşiladaPosted on24 November, 2021 The unpredictability of Turkey’s fiscal and monetary policy means investors should stay away until normality … Continue ReadingCNBC: Turkey uncertainty leaves little appeal for investors, strategist says
Categories Economy Finance HIGHLIGHTS Understanding Turkey’s Phenomenal Currency Collapse | Real Turkey Atilla YeşiladaPosted on24 November, 2021 Understanding Turkey’s Phenomenal Currency Collapse Turkish Lira lost more than 40% of … Continue ReadingUnderstanding Turkey’s Phenomenal Currency Collapse | Real Turkey
Categories Economy Finance HIGHLIGHTS Excessive rate cuts open Pandora’s Box Atilla YeşiladaPosted on22 November, 2021 After Turkey’s central bank cut rates by another 100bps last Thursday, the lira plummeted to … Continue ReadingExcessive rate cuts open Pandora’s Box
Categories Emerging Markets Finance HIGHLIGHTS Amidst wild gyrations, TL drops into a black hole—expert comments Atilla YeşiladaPosted on18 November, 2021 Turkey’s lira plunged 6% on Thursday, breaching 11 to the dollar for the first time … Continue ReadingAmidst wild gyrations, TL drops into a black hole—expert comments
Categories Economy Finance HIGHLIGHTS Morgan Stanley bets on more rate cuts, weaker TL Atilla YeşiladaPosted on18 November, 2021 We see a 100bp cut to 15.00% by the CBT this week, although a larger … Continue ReadingMorgan Stanley bets on more rate cuts, weaker TL
Categories Economy Finance HIGHLIGHTS ANALYSIS: Cutting interest rates further would be too risky Atilla YeşiladaPosted on17 November, 2021 Turkey’s central bank is widely anticipated to trim interest rates further on November 18 despite … Continue ReadingANALYSIS: Cutting interest rates further would be too risky
Categories Finance HIGHLIGHTS Markets No end in sight for beleaguered Turkish Lira Atilla YeşiladaPosted on16 November, 2021 Turkey’s sickly currency TL, started the day (Tuesday) at 10.07-08 vs the USD, as rate … Continue ReadingNo end in sight for beleaguered Turkish Lira
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 Economy Finance Macro Focus: High single or double digit level of economic growth probable in 3Q21 Cem CetingucPosted on12 November, 2021 In September, IP decreased by 1.5% MoM, but increased by 8.9% YoY. According to the consensus, … Continue ReadingMacro Focus: High single or double digit level of economic growth probable in 3Q21
Categories Economy Finance Macro Focus: CA surplus continued for the second month in a row Cem CetingucPosted on12 November, 2021 In September, the CA posted a monthly surplus of USD1.7bn (Consensus: USD +1.3bn, YF: USD … Continue ReadingMacro Focus: CA surplus continued for the second month in a row
