Categories Company & Industry HIGHLIGHTS Migros (MGROS): updating estimates following Q2 results Cem CetingucPosted on11 September, 2024 Migros reported solid Q2 2024 results on August 20th. In Q2 2024, Migros generated TL64,293m revenues … Continue ReadingMigros (MGROS): updating estimates following Q2 results
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 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 Company & Industry HIGHLIGHTS Negotiations on Yapı Kredi’s share sale stuck in valuation difference Cem CetingucPosted on22 May, 202422 May, 2024 Preliminary talks between First Abu Dhabi Bank PJSC (FAB) and Koç Holding to buy a … Continue ReadingNegotiations on Yapı Kredi’s share sale stuck in valuation difference
Categories Company & Industry HIGHLIGHTS Turkey fines exceed 37M dollars in Meta Investigations Cem CetingucPosted on8 May, 20248 May, 2024 Türkiye has levied a combined administrative fine of TL 1.2 billion (around $37.2 million) against … Continue ReadingTurkey fines exceed 37M dollars in Meta Investigations
Categories Business Company & Industry General HIGHLIGHTS META’s Threads shut down operations in Türkiye Cem CetingucPosted on15 April, 2024 Meta Platforms announced on Monday that its social media platform Threads will be temporarily shut … Continue ReadingMETA’s Threads shut down operations in Türkiye
Categories Business Company & Industry HIGHLIGHTS Türkiye’s competition board issues temporary injunction against Meta Cem CetingucPosted on18 March, 2024 Türkiye’s competition board has taken decisive action against tech giant Meta, issuing a temporary injunction over … Continue ReadingTürkiye’s competition board issues temporary injunction against Meta
Categories Company & Industry Finance HIGHLIGHTS Turkey: Q4 2023 earnings preview Cem CetingucPosted on5 February, 2024 Aggregate non-bank profits to grow 11% y-o-y, decline 50% q-o-q. The Q4 earnings season will … Continue ReadingTurkey: Q4 2023 earnings preview
Categories Business Company & Industry HIGHLIGHTS Turkish Airlines to double fleet size in a decade Cem CetingucPosted on25 January, 2024 Turkish Airlines aims to double the number of aircraft in its fleet in 10 years and … Continue ReadingTurkish Airlines to double fleet size in a decade
Categories Company & Industry Finance HIGHLIGHTS Turkish Equities: Potential winners post election Cem CetingucPosted on8 May, 2023 Identifying winners: As Turkish elections approach, we try to answer the question we are most … Continue ReadingTurkish Equities: Potential winners post election
Categories Business Company & Industry Finance HIGHLIGHTS EnerjiSA / Upgrade to Buy: Underperformance seems exaggerated Cem CetingucPosted on5 April, 2023 Earthquake damage contained to a likely temporary FCF impact. Citizens in the 10 earthquake hit … Continue ReadingEnerjiSA / Upgrade to Buy: Underperformance seems exaggerated
Categories Company & Industry Finance HIGHLIGHTS Sabanci Holding | Buy: Focus on energy continues Cem CetingucPosted on2 February, 20232 February, 2023 Energy takes the lead in NAV contribution. We have revisited our fair value for the … Continue ReadingSabanci Holding | Buy: Focus on energy continues
Categories Company & Industry Finance HIGHLIGHTS Koc Holding | BUY: Strong dividend income to support net cash Cem CetingucPosted on2 February, 20232 February, 2023 Surge in dividend income likely. We project Koc’s dividend income to more than triple y-o-y … Continue ReadingKoc Holding | BUY: Strong dividend income to support net cash
Categories Company & Industry Finance HIGHLIGHTS Turkish automobiles: Mostly a domestic story in 2023 Cem CetingucPosted on21 January, 2023 2023 more about domestic than exports, and more about pricing than volumes. A strong December … Continue ReadingTurkish automobiles: Mostly a domestic story in 2023
Categories Company & Industry General HIGHLIGHTS Tech Hive Energy reveals plan to build solar facilities in Turkey Cem CetingucPosted on14 January, 2023 The company intends to build the projects in 30 locations across the country with an … Continue ReadingHive Energy reveals plan to build solar facilities in Turkey
Categories Business Company & Industry HIGHLIGHTS Ford/LG partner up to build new battery plant in Turkey Cem CetingucPosted on13 January, 202313 January, 2023 The factory is slated to start operation as soon as 2025 with an annual capacity … Continue ReadingFord/LG partner up to build new battery plant in Turkey
Categories Company & Industry HIGHLIGHTS Markets Alibaba to invest 1 Billion dollars in Turkey Cem CetingucPosted on10 January, 202310 January, 2023 Chinese e-commerce giant Alibaba Group Holding Ltd is planning a logistics hub at Istanbul Airport … Continue ReadingAlibaba to invest 1 Billion dollars in Turkey
Categories Business Company & Industry HIGHLIGHTS Tech PayTabs’ acquisiton of Paymes finalized Cem CetingucPosted on14 December, 2022 PayTabs, Middle East, Africa, and South Asia’s (MEASA’s) award-winning payments powerhouse, in a power play announced that it had … Continue ReadingPayTabs’ acquisiton of Paymes finalized
Categories Business Company & Industry HIGHLIGHTS HP to layoff 6,000 employees due to global economy Cem CetingucPosted on24 November, 2022 PC-maker Hewlett Packard on Nov. 22 said it would layoff as many as 6,000 employees over the … Continue ReadingHP to layoff 6,000 employees due to global economy
