Categories Company & Industry Finance HIGHLIGHTS Turkish Banks: Sensitivity of capital ratios to currency and asset quality Cem CetingucPosted on24 May, 2023 We update our interactive spreadsheet to stress test capital positions with Q1 results: HSBC’s year-end … Continue ReadingTurkish Banks: Sensitivity of capital ratios to currency and asset quality
Categories Business Company & Industry HIGHLIGHTS TPAO to open up 20 oil rigs in Şırnak province Cem CetingucPosted on10 May, 202310 May, 2023 Türkiye’s state oil company TPAO plans to open up to 20 oil rigs in the southeastern province of Şırnak … Continue ReadingTPAO to open up 20 oil rigs in Şırnak province
Categories Company & Industry Economy HIGHLIGHTS Erdoğan raises state worker wages by 45 percent Cem CetingucPosted on10 May, 2023 President Recep Tayyip Erdoğan on May 9 announced a 45 percent increase in wages of public workers, ahead … Continue ReadingErdoğan raises state worker wages by 45 percent
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 Company & Industry HIGHLIGHTS Markets TOGG set to deliver 1,000+ cars next month Cem CetingucPosted on28 April, 2023 Togg aims to deliver more than 1,000 vehicles in May, says Gürcan Karakaş, the CEO of Türkiye’s first … Continue ReadingTOGG set to deliver 1,000+ cars next month
Categories Company & Industry General HIGHLIGHTS Politics Erdoğan educates youth on 60-year history of nuclear plant Cem CetingucPosted on28 April, 2023 Türkiye has realized its 60-year-old dream by delivering nuclear fuel to the country’s first Akkuyu Nuclear … Continue ReadingErdoğan educates youth on 60-year history of nuclear plant
Categories Company & Industry General HIGHLIGHTS Turkey’s First Nuclear Plant Faces Earthquake and Environmental Concerns Ahead of Opening Cem CetingucPosted on17 April, 2023 Built by Russia’s state-owned nuclear energy corporation, Turkey’s first-ever nuclear power plant is set to … Continue ReadingTurkey’s First Nuclear Plant Faces Earthquake and Environmental Concerns Ahead of Opening
Categories Company & Industry Finance HIGHLIGHTS Turkey Food Retailers: Margin pressure but growth momentum maintained Cem CetingucPosted on14 April, 2023 Short-term pressure: We expect to see higher gross and EBITDA margin pressure for all food … Continue ReadingTurkey Food Retailers: Margin pressure but growth momentum maintained
Categories Company & Industry General HIGHLIGHTS Erdoğan reveals plans to become a major player in defense industry Cem CetingucPosted on11 April, 2023 The government takes firm steps towards making Türkiye fully independent in its defense industry targets, President Recep Tayyip Erdoğan said on … Continue ReadingErdoğan reveals plans to become a major player in defense industry
Categories Company & Industry HIGHLIGHTS Markets Turkey anticipates prosperous tourism despite quake Cem CetingucPosted on10 April, 2023 Turkey’s Mediterranean coast is expected to see a large number of tourists flowing in this … Continue ReadingTurkey anticipates prosperous tourism despite quake
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 Business Company & Industry HIGHLIGHTS Politics Why Iraq loses in the Turkish oil arbitration case Cem CetingucPosted on29 March, 2023 When the International Court of Arbitration ruled on Thursday that Turkey breached contract by directly trading oil with Iraq’s Kurdistan … Continue ReadingWhy Iraq loses in the Turkish oil arbitration case
Categories Business Company & Industry HIGHLIGHTS HYPED TOGG to receive 100,000 preorders in first weeek Cem CetingucPosted on24 March, 2023 Togg, Türkiye’s first domestically manufactured car brand, has announced that its first smart device model … Continue ReadingTOGG to receive 100,000 preorders in first weeek
Categories Company & Industry General HIGHLIGHTS TOGG: Price of Turkey’s first electric car unveiled Cem CetingucPosted on15 March, 2023 Türkiye’s first indigenous electric car maker Togg has unveiled the prices of its first model, with online pre-orders to begin … Continue ReadingTOGG: Price of Turkey’s first electric car unveiled
Categories Company & Industry General HIGHLIGHTS Turkey imposes one-time earthquake tax for recovery plan Cem CetingucPosted on11 March, 202311 March, 2023 Turkey has imposed a supposedly one-time additional tax on companies to fund earthquake recovery – … Continue ReadingTurkey imposes one-time earthquake tax for recovery plan
Categories Company & Industry General HIGHLIGHTS Turkey to receive $40 billion investment for second nuclear plant Cem CetingucPosted on7 March, 2023 Turkey is set to receive a $40 billion (TL 752.64 billion) investment as the country … Continue ReadingTurkey to receive $40 billion investment for second nuclear plant
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 Business Company & Industry Finance HIGHLIGHTS Teknosa |BUY: Be boring make money Cem CetingucPosted on1 February, 2023 Technology Superstores are Increasing Their Market Share Despite the aggressive top line growth strategies of … Continue ReadingTeknosa |BUY: Be boring make money
Categories Company & Industry Economy HIGHLIGHTS Turkey will increase gold production to reduce import dependency: Erdogan Cem CetingucPosted on1 February, 2023 Turkey plans to keep increasing its gold production so it can rely less on imports, … Continue ReadingTurkey will increase gold production to reduce import dependency: Erdogan
