Categories Business Economy Macro Snapshot: Outstanding External Loans Received by Private Sector, June 2021 Cem CetingucPosted on19 August, 2021 In June, private sectors’ outstanding short term loans decreased by USD0.2bn to USD9.5bn whereas long … Continue ReadingMacro Snapshot: Outstanding External Loans Received by Private Sector, June 2021
Categories Business General Despite declining cases, US and Germany up Turkey travel warning Atilla YeşiladaPosted on19 August, 2021 A Blitzkrieg vaccination campaign helped ease Daily Covid-19 case load below 20K/day in Turkey, but … Continue ReadingDespite declining cases, US and Germany up Turkey travel warning
Categories Business Company & Industry Arcelik (ARCLK TI) | Buy: Incorporating new acquisitions Cem CetingucPosted on18 August, 2021 New acquisitions to accelerate top-line growth but dilute margins: Arcelik completed the acquisitions of Hitachi … Continue ReadingArcelik (ARCLK TI) | Buy: Incorporating new acquisitions
Categories Business Company & Industry Finance Koc Holding: Discount to NAV still wide vs history; attractive entry point vs subs; reiterate Buy Cem CetingucPosted on18 August, 2021 We reiterate our Buy rating on Koc Holding (Koc) post 2Q results announced on July … Continue ReadingKoc Holding: Discount to NAV still wide vs history; attractive entry point vs subs; reiterate Buy
Categories Business Company & Industry VAKBN: 2Q Review & Target Price Revision: Prevailing Legacy of 2020 Cem CetingucPosted on15 August, 2021 2Q results slightly above estimates on lower CoR The bank announced its 2Q21 solo net … Continue ReadingVAKBN: 2Q Review & Target Price Revision: Prevailing Legacy of 2020
Categories Business Economy HIGHLIGHTS Fitch Affirms Turkey at ‘BB-‘; Outlook Stable Atilla YeşiladaPosted on14 August, 2021 The agency issued the following statement KEY RATING DRIVERS Turkey’s ratings reflect weak monetary … Continue ReadingFitch Affirms Turkey at ‘BB-‘; Outlook Stable
Categories Business Company & Industry Economy Mevlut Çavuşoğlu on ASEAN Cem CetingucPosted on9 August, 20219 August, 2021 Asia, the cradle of some of the oldest civilizations, has again been gaining a pivotal … Continue ReadingMevlut Çavuşoğlu on ASEAN
Categories Business Company & Industry Turkish Banks: Sector Monthly Data Cem CetingucPosted on6 August, 2021 Strong monthly ROE of 17% on higher other income Turkish banking sector’s June net income … Continue ReadingTurkish Banks: Sector Monthly Data
Categories Business Company & Industry Company outlook | Hepsiburada: Trading up to the challenges Cem CetingucPosted on5 August, 2021 Hepsiburada (D-Market Electronic Services & Trading) is the second-largest e- commerce player in Turkey, with … Continue ReadingCompany outlook | Hepsiburada: Trading up to the challenges
Categories Business Company & Industry Trendyol aims to Hit $16.5 Billion Valuation Cem CetingucPosted on4 August, 20214 August, 2021 By Ercan Ersoy and Ivan Levingston General Atlantic among firms leading $1.5 billion investment Alibaba-backed … Continue ReadingTrendyol aims to Hit $16.5 Billion Valuation
Categories Business HIGHLIGHTS Wildfires: First damage reports are filed Atilla YeşiladaPosted on4 August, 2021 It will take months to truly assess the economic damage the string of wildfires still … Continue ReadingWildfires: First damage reports are filed
Categories Business VoA: Wildfires Scorch Recovery in Hobbled Tourism Sector Atilla YeşiladaPosted on4 August, 2021 Wildfires scorching some of Turkey’s most popular destinations have upended a nascent recovery in the … Continue ReadingVoA: Wildfires Scorch Recovery in Hobbled Tourism Sector
Categories Business General Markets Turkish exporters could face additional charges under new EU carbon laws Cem CetingucPosted on2 August, 2021 Turkish exporters of energy-intensive products such as cement, steel and aluminium could face steep additional … Continue ReadingTurkish exporters could face additional charges under new EU carbon laws
Categories Business General HIGHLIGHTS Forest fires choking Turkey’s South Atilla YeşiladaPosted on29 July, 2021 Forest fires spread to a vast area in southern Turkish provinces on Thursday, from the … Continue ReadingForest fires choking Turkey’s South
Categories Business General Politics Tech Turkey rapidly advancing its drone warfare capacity Cem CetingucPosted on29 July, 2021 NEW YORK/ISTANBUL — In a video posted from his personal Twitter account last week, the … Continue ReadingTurkey rapidly advancing its drone warfare capacity
Categories Business Company & Industry HALKB: 2Q Preview, Target Price & Rating Revision – Uphill Battle Cem CetingucPosted on26 July, 2021 Higher funding and credit risk costs remain as risk factors Following the strong loan growth … Continue ReadingHALKB: 2Q Preview, Target Price & Rating Revision – Uphill Battle
Categories Business HIGHLIGHTS Is Turkey safe for tourism? Atilla YeşiladaPosted on26 July, 2021 Is Turkey Safe for Tourism? If you are vaccinated yes. 65 … Continue ReadingIs Turkey safe for tourism?
Categories Business Company & Industry HIGHLIGHTS Reuters’ EXCLUSIVE: Turkey’s banks set for capital healing after pandemic battle -sources Atilla YeşiladaPosted on24 July, 2021 This is only a segment of the Reuters report, which PA Turkey is re-publishing, because … Continue ReadingReuters’ EXCLUSIVE: Turkey’s banks set for capital healing after pandemic battle -sources
Categories Business HIGHLIGHTS Gargantuan Holiday boosts Turkish economy Atilla YeşiladaPosted on23 July, 2021 Hit hard by the coronavirus pandemic, Turkish shopkeepers have a cause for celebration during the … Continue ReadingGargantuan Holiday boosts Turkish economy
Categories Business HIGHLIGHTS Tech Russia’s Economic Influence in the Mediterranean– Less Than a Full Deck (Turkey section) Atilla YeşiladaPosted on21 July, 2021 Russia’s intervention in Syria in 2015, and then subsequently in Libya, marked its return as … Continue ReadingRussia’s Economic Influence in the Mediterranean– Less Than a Full Deck (Turkey section)
