Categories Business Company & Industry HIGHLIGHTS Energy shock promises a cold winter Atilla YeşiladaPosted on27 October, 2021 As the world wrestles with soaring energy prices just ahead of winter, Turkey is revving … Continue ReadingEnergy shock promises a cold winter
Categories Business Economy Macro Snapshot: Foreign Trade Statistics Cem CetingucPosted on27 October, 2021 Foreign trade deficit decreased by 47.5% YoY to US2.5bn in September (Aug.21: USD-4.3bn, Sep.20: USD-4.9bn) … Continue ReadingMacro Snapshot: Foreign Trade Statistics
Categories Business HYPED Markets FDD: Landmark Iran Sanctions Ruling Against Turkish Public Lender Builds U.S. Deterrence Atilla YeşiladaPosted on27 October, 2021 A U.S. appeals court ruled on October 22 that Halkbank, a public lender majority-owned by … Continue ReadingFDD: Landmark Iran Sanctions Ruling Against Turkish Public Lender Builds U.S. Deterrence
Categories Business Company & Industry Ergun Unutmaz: Sisecam DCF Valuation and Comments Cem CetingucPosted on25 October, 2021
Categories Business HIGHLIGHTS Politics Turkey’s external woes compounded by Halkbank case Atilla YeşiladaPosted on23 October, 2021 Turkish state lender Halkbank must face criminal charges that it evaded sanctions against Iran by … Continue ReadingTurkey’s external woes compounded by Halkbank case
Categories Business Company & Industry Turkish Banks: Still cheap but less cheerful Cem CetingucPosted on21 October, 2021 Going through an easing cycle but concerns on inflation still lingering Following the CBRT’s 100 … Continue ReadingTurkish Banks: Still cheap but less cheerful
Categories Atilla Yeşilada Business Economy HIGHLIGHTS The rate cut conundrum: What will Erdogan do? Atilla YeşiladaPosted on20 October, 2021 I have read three surveys by Turkish press outlets, all of which find that the … Continue ReadingThe rate cut conundrum: What will Erdogan do?
Categories Business Erdogan seeks deal in Turkey-Africa summit Cem CetingucPosted on20 October, 2021 Turkish President Recep Tayyip Erdogan kicked off a whistle-stop tour of African countries on Monday, … Continue ReadingErdogan seeks deal in Turkey-Africa summit
Categories Business General HIGHLIGHTS Markets Daily market bulletin: Markets, 2022 budget, Treasury auctions, FATF Atilla YeşiladaPosted on20 October, 2021 MSCI Turkey outperformed the MSCI EM by 0.1% yesterday. BIST-100 gained 0.9%, closing at the … Continue ReadingDaily market bulletin: Markets, 2022 budget, Treasury auctions, FATF
Categories Business Company & Industry Turkey sealed a three-year, 11 billion cubic metres (bcm) natural gas accord with Azerbaijan Cem CetingucPosted on16 October, 2021 Turkey has sealed a three-year, 11 billion cubic metres (bcm) natural gas accord with Azerbaijan … Continue ReadingTurkey sealed a three-year, 11 billion cubic metres (bcm) natural gas accord with Azerbaijan
Categories Business Company & Industry Pegasus (PGSUS TI) evolving towards a recovery: Buy Cem CetingucPosted on16 October, 202116 October, 2021 Traffic and revenue Traffic moving in line with the company’s expectations, evolving towards a recovery … Continue ReadingPegasus (PGSUS TI) evolving towards a recovery: Buy
Categories Business Finance Share of foreigners in Borsa Istanbul decreased to 41.54 percent Cem CetingucPosted on15 October, 2021 The share of foreigners in Borsa Istanbul decreased to 41.54 percent. According to the information … Continue ReadingShare of foreigners in Borsa Istanbul decreased to 41.54 percent
Categories Business Company & Industry Turkey expands combat drone sales to Africa Cem CetingucPosted on15 October, 2021 Turkey has expanded the export of its renowned unmanned combat aerial vehicle (UCAV) by negotiating … Continue ReadingTurkey expands combat drone sales to Africa
Categories Business Company & Industry ARCELIK: New stories, defensive structure, attractive multiples Cem CetingucPosted on13 October, 2021 We initiate coverage for Arçelik (ARCLK TI) with a 12-month target price of TRY44.00 and … Continue ReadingARCELIK: New stories, defensive structure, attractive multiples
Categories Business Company & Industry THYAO – Buy: 2021 HSBC Global Emerging Markets Forum takeaways Cem CetingucPosted on11 October, 2021 Traffic trends 3Q21 was strong driven by leisure, VFR (visiting friends and relatives) and domestic … Continue ReadingTHYAO – Buy: 2021 HSBC Global Emerging Markets Forum takeaways
Categories Business Company & Industry IKEA increases production in Turkey to shorten supply chain Cem CetingucPosted on7 October, 2021 Sweden’s flat-pack furniture giant IKEA is planning to move more production to Turkey to minimise … Continue ReadingIKEA increases production in Turkey to shorten supply chain
Categories Business Company & Industry Istanbul is the new ‘Silicon Valley’ for mobile gaming industry Cem CetingucPosted on5 October, 20215 October, 2021 On February 18, 2019, just after 9 30 p.m., the Turkish video game giant Peak … Continue ReadingIstanbul is the new ‘Silicon Valley’ for mobile gaming industry
Categories Business Company & Industry Pegasus (PGSUS TI) : Buy: 2021 HSBC Global Emerging Markets Forum takeaways Cem CetingucPosted on5 October, 2021 Traffic and revenue. Traffic moving in line with the company’s expectations, evolving towards a recovery … Continue ReadingPegasus (PGSUS TI) : Buy: 2021 HSBC Global Emerging Markets Forum takeaways
Categories Business Company & Industry Finance SISE – Buy: 2021 HSBC Global Emerging Markets Forum Cem CetingucPosted on4 October, 2021 Trading update.The renovation market and secondary processor demand continue to keep architectural glass volumes vibrant … Continue ReadingSISE – Buy: 2021 HSBC Global Emerging Markets Forum
Categories Business Economy Karpowership cuts off electricity to Lebanon amid crisis Cem CetingucPosted on3 October, 20213 October, 2021 A Turkish company supplying electricity to Lebanon from two power barges off the coast of … Continue ReadingKarpowership cuts off electricity to Lebanon amid crisis