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
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
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
Paul Hokenos: As the Climate Bakes, Turkey Faces a Future Without Water Atilla YeşiladaPosted on2 October, 2021 This summer, Turkey endured a blistering heat wave with the fiercest temperatures in 60 years. … Continue ReadingPaul Hokenos: As the Climate Bakes, Turkey Faces a Future Without Water
Bloomberg HT Consumer Confidence Index declines in September 2021 Atilla YeşiladaPosted on1 October, 2021 Turkey’s premier private consumer confidence index registered a small decline MoM in September, in contrast … Continue ReadingBloomberg HT Consumer Confidence Index declines in September 2021
New NG deal with Azerbaijan “temporary” Cem CetingucPosted on1 October, 2021 After almost a year of intense negotiations, Azerbaijan and Turkey have finally concluded a new … Continue ReadingNew NG deal with Azerbaijan “temporary”
EBDR loans $582 M to Turkish companies Cem CetingucPosted on1 October, 2021 Green investments and energy efficiency projects in Turkey are getting a major boost as Europe’s … Continue ReadingEBDR loans $582 M to Turkish companies
Company Update – ARCLK: Fortune favors Arcelik Cem CetingucPosted on1 October, 20211 October, 2021 Strong demand outlook continues in main markets After the significant rebound in 2H20, white goods … Continue ReadingCompany Update – ARCLK: Fortune favors Arcelik
EM Europe food retailers : Inflation driving a discounter market Cem CetingucPosted on29 September, 2021 Inflation takes-over higher base effect: Higher food Inflation is a key theme currently playing out … Continue ReadingEM Europe food retailers : Inflation driving a discounter market
Turkish hotels are on the verge of bankruptcy Cem CetingucPosted on27 September, 2021 Turkish hotels are heavily indebted and need “serious support” paying back their loans as they … Continue ReadingTurkish hotels are on the verge of bankruptcy
Garanti BBVA: New BRSA restrictions put the brakes on consumer loans Atilla YeşiladaPosted on24 September, 2021 Garanti BBVA General Manager Mr Recep Baştuğ stated to Turkish financial broadcaster BloombergHT there was … Continue ReadingGaranti BBVA: New BRSA restrictions put the brakes on consumer loans
TURKEY: Morning Bulletin Atilla YeşiladaPosted on22 September, 2021 On the Market MSCI Turkey underperformed the MSCI EM by 0.5% yesterday. BIST-100 lost 0.5%, … Continue ReadingTURKEY: Morning Bulletin
Y.F. Equity Strategy Report: Running to stand still Cem CetingucPosted on21 September, 202121 September, 2021 We are moving our BIST-100 target to 1,875 (previously 1,750), while underlining risks that lower … Continue ReadingY.F. Equity Strategy Report: Running to stand still
Turkey: Morning post Atilla YeşiladaPosted on20 September, 2021 MSCI Turkey underperformed the MSCI EM by 1.1% on Friday. BIST-100 gained 0.1%, closing at … Continue ReadingTurkey: Morning post
Turkish consumer: Coping with ever increasing inflation Cem CetingucPosted on13 September, 2021 Headline inflation topped 19% YoY in August, while PPI still hovers around 45%. Turkish consumer … Continue ReadingTurkish consumer: Coping with ever increasing inflation
July payrolls: Employment growth continues despite volatility in labour market statistics Atilla YeşiladaPosted on10 September, 2021 Unemployment rate witnesses 1.4% points increase, as workforce participation rate increases this time TURKSTAT … Continue ReadingJuly payrolls: Employment growth continues despite volatility in labour market statistics
Company Update | MPARK: Hitting all the right notes Cem CetingucPosted on10 September, 202110 September, 2021 Strong 1H results and favorable outlook… After finishing a year of volatility with resilient financial … Continue ReadingCompany Update | MPARK: Hitting all the right notes
Turkish Industrials: Earnings Momentum set to continue in 2H; top picks KOC and Sabanci Cem CetingucPosted on10 September, 2021 Following another strong quarter supported by both healty domestic demand and exports,we increase our F2Y1E-22E … Continue ReadingTurkish Industrials: Earnings Momentum set to continue in 2H; top picks KOC and Sabanci
Tourism season ends early in Turkey Atilla YeşiladaPosted on5 September, 2021 Tourism is a big deal in Turkey, generating a gross $30 bn per year before … Continue ReadingTourism season ends early in Turkey
Burger King Turkey, China enterprises launches IPO Atilla YeşiladaPosted on3 September, 2021 The largest global franchisee of Restaurant Brands International Inc. has picked Citigroup Inc. and HSBC … Continue ReadingBurger King Turkey, China enterprises launches IPO