Categories Company & Industry Economy HIGHLIGHTS Alamos Gold files $1 billion claim against Turkey after mine project halted Güldem AtabayPosted on20 April, 2021 Alamos Gold Inc. of Canada filed a legal claim against Turkey for unfair expropriation and … Continue ReadingAlamos Gold files $1 billion claim against Turkey after mine project halted
Categories Business Company & Industry Amazon seeking long term expansion in Turkish market Cem CetingucPosted on20 April, 2021 Amazon is eyeing a long-term growth strategy in the country by expanding its operations, an … Continue ReadingAmazon seeking long term expansion in Turkish market
Categories Company & Industry General Turkey’s immense offshore wind potential sits untouched Cem CetingucPosted on17 April, 2021 The Caspian Sea, the Black Sea, and the Eastern Mediterranean offer abundant areas with great … Continue ReadingTurkey’s immense offshore wind potential sits untouched
Categories Company & Industry Economy HIGHLIGHTS Turkey bans crypto payments citing risks, hits Bitcoin price Güldem AtabayPosted on16 April, 2021 Turkey’s central bank banned the use of cryptocurrencies and crypto assets to purchase goods and … Continue ReadingTurkey bans crypto payments citing risks, hits Bitcoin price
Categories Company & Industry Politics Google gets fined by Turkish government for breaking competition law Cem CetingucPosted on15 April, 202115 April, 2021 Turkish authorities on Wednesday fined Google 296 million Turkish liras ($36.6 million) for violating the … Continue ReadingGoogle gets fined by Turkish government for breaking competition law
Categories Company & Industry Politics Halkbank seeks the end of U.S. prosecution due to Iran sanctions violations Cem CetingucPosted on13 April, 2021 A lawyer for Halkbank told a U.S. appeals court on Monday that the state-owned Turkish … Continue ReadingHalkbank seeks the end of U.S. prosecution due to Iran sanctions violations
Categories Company & Industry General Company Update | PETKM TP revised up to TL7.50/share Cem CetingucPosted on13 April, 2021 Turning more positive on strong earnings momentum expected this year. We are updating our estimates for … Continue ReadingCompany Update | PETKM TP revised up to TL7.50/share
Categories Company & Industry Markets Turkish auto production exceeds 212,000 in Jan-Feb Cem CetingucPosted on12 April, 2021 Automotive production in Turkey, including light commercial vehicles, tractors, and automobiles, totaled 211,877 million units … Continue ReadingTurkish auto production exceeds 212,000 in Jan-Feb
Categories Company & Industry HIGHLIGHTS Turkcell Sounds Out Banks on IPO Plan for Its Internet Unit Güldem AtabayPosted on6 April, 2021 Turkey’s biggest mobile operator Turkcell Iletisim Hizmetleri AS has approached several investment banks for an advisory role … Continue ReadingTurkcell Sounds Out Banks on IPO Plan for Its Internet Unit
Categories Business Company & Industry Company Outlook | Aselsan: High growth and compelling valuation Cem CetingucPosted on6 April, 20216 April, 2021 Stock’s underperformance of a retreating Turkish market unjustified in our view. Aselsan’s share price fell … Continue ReadingCompany Outlook | Aselsan: High growth and compelling valuation
Categories Company & Industry THY: Strong positioning, geared to leisure travel recovery; reiterate Buy Cem CetingucPosted on30 March, 2021 We revise our estimates for Turkish Airlines (THY). Reflecting more upbeat expectations from management post … Continue ReadingTHY: Strong positioning, geared to leisure travel recovery; reiterate Buy
Categories Business Company & Industry Company Outlook | Mavi: Emerging stronger Cem CetingucPosted on30 March, 202130 March, 2021 Managing inventories, preserving margins: Despite a c26% drop in retail revenues in FY21 and an … Continue ReadingCompany Outlook | Mavi: Emerging stronger
Categories Company & Industry HIGHLIGHTS COMPANY UPDATE: KOZA ALTIN Atilla YeşiladaPosted on20 July, 202020 July, 2020 Revising TP to TL102.0/share We are making another upward revision in our gold price assumptions … Continue ReadingCOMPANY UPDATE: KOZA ALTIN
Categories Company & Industry Company Update: OZKGY – Well positioned to capture the demand Atilla YeşiladaPosted on13 July, 202014 July, 2020 Lower rate environment continues to support home sales Home sales continue to perform strongly thanks … Continue ReadingCompany Update: OZKGY – Well positioned to capture the demand
Categories Company & Industry General Delivery service starts layoffs concealed as ‘safety measures’ Atilla YeşiladaPosted on4 July, 20204 July, 2020 Popular Internet-based delivery service Getir is laying off motor couriers under the guise of safety … Continue ReadingDelivery service starts layoffs concealed as ‘safety measures’
Categories Business Company & Industry Dieageo CEO: Raki output down by 20 million tons; farmers’ losses escalate Atilla YeşiladaPosted on4 July, 20204 July, 2020 The reduction of 20 million tons in production of raki over the last 15 years … Continue ReadingDieageo CEO: Raki output down by 20 million tons; farmers’ losses escalate
Categories Business Company & Industry VW cancels Turkey plant, Anti-Trust Board probes German auto imports Atilla YeşiladaPosted on2 July, 20202 July, 2020 Volkswagen drops plans for new plant in Turkey, citing pandemic German automaker Volkswagen Wednesday … Continue ReadingVW cancels Turkey plant, Anti-Trust Board probes German auto imports
Categories Company & Industry Turkish top stock picks Atilla YeşiladaPosted on27 June, 202027 June, 2020 Adding OTKAR We think OTKAR continues to have strong growth prospects both in defense and … Continue ReadingTurkish top stock picks
Categories Company & Industry Turkey stock picks: Ünlü & Co adds Arçelik to its recommendations Atilla YeşiladaPosted on25 June, 202027 June, 2020 Adding Arcelik into Our Top Picks list We are adding Arcelik into our Top picks … Continue ReadingTurkey stock picks: Ünlü & Co adds Arçelik to its recommendations
Categories Company & Industry RenCap: Turkcell-Telia to exit? Good for investment case Atilla YeşiladaPosted on23 June, 202024 June, 2020 Telia Company confirmed its plan to sell its stake in Turkcell Holding for $530mn to … Continue ReadingRenCap: Turkcell-Telia to exit? Good for investment case
