Categories Business Company & Industry Economy HIGHLIGHTS Turkey’s manufacturing in February: Slower but steady Cem CetingucPosted on3 March, 20223 March, 2022 Turkey’s factory activity barely grew for a second straight month in February, a survey showed … Continue ReadingTurkey’s manufacturing in February: Slower but steady
Categories Business Company & Industry HIGHLIGHTS Markets Business dropped 50 percent for Turkish brands in Russia Cem CetingucPosted on3 March, 2022 As a result of the Russia-Ukraine war, business in nearly a thousand brands operating in … Continue ReadingBusiness dropped 50 percent for Turkish brands in Russia
Categories Business Company & Industry General Markets Ukraine crisis: Purchase order cancellations reached 200 million dollars in Turkish clothing sector Cem CetingucPosted on2 March, 20222 March, 2022 After Russia’s declaration of war on Ukraine last week, the effects of the economic sanctions … Continue ReadingUkraine crisis: Purchase order cancellations reached 200 million dollars in Turkish clothing sector
Categories Company & Industry Economy HIGHLIGHTS Macro Snapshot: Foreign Trade Statistics Cem CetingucPosted on1 March, 2022 Foreign trade deficit increased by 234.9% YoY to USD10.3bn in January (Dec.21: USD-6.8bn, Jan.21: USD-3.1bn) … Continue ReadingMacro Snapshot: Foreign Trade Statistics
Categories Company & Industry Economy General HIGHLIGHTS What does Russia-Ukraine crisis mean for Turkish economy? Cem CetingucPosted on25 February, 2022 Ukraine and Russia are two important partners of Turkey in tourism, import of agricultural products, … Continue ReadingWhat does Russia-Ukraine crisis mean for Turkish economy?
Categories Business Company & Industry HIGHLIGHTS Gulf countries plan to invest $8 billion in Turkey Cem CetingucPosted on18 February, 2022 Huge Gulf funds are eyeing possible investment opportunities in Turkey, from agriculture to tourism and … Continue ReadingGulf countries plan to invest $8 billion in Turkey
Categories Business Company & Industry HIGHLIGHTS Erdemir: Strong EBITDA, TP up due to stronger steel Cem CetingucPosted on18 February, 2022 Erdemir has released strong 4Q21 IFRS results, with EBITDA almost 30% above consensus estimates. FCFE, … Continue ReadingErdemir: Strong EBITDA, TP up due to stronger steel
Categories Company & Industry Economy General HIGHLIGHTS President Erdogan to ease Turkey’s surging energy bills Cem CetingucPosted on17 February, 2022 Turkey’s president announced a set of measures Wednesday that aim to bring relief to households … Continue ReadingPresident Erdogan to ease Turkey’s surging energy bills
Categories Business Company & Industry Finance DO & CO | Buy: Powering up for take-off Cem CetingucPosted on16 February, 2022 A sustained recovery now looks more achievable: Since the COVID-19 outbreak, the recovery trend across … Continue ReadingDO & CO | Buy: Powering up for take-off
Categories Business Company & Industry Finance HIGHLIGHTS HSBC: TOASO – BUY Promising outlook in both the short and long term Cem CetingucPosted on10 February, 2022 Entering “double-digit PBT” era. The key message from the FY21 results webcast (held on 4 … Continue ReadingHSBC: TOASO – BUY Promising outlook in both the short and long term
Categories Business Company & Industry HIGHLIGHTS Turkey: 72 hours for western media to obtain license Cem CetingucPosted on10 February, 2022 Turkish authorities for radio and telecommunications Rtuk has given 72 hours of time to Euronews, … Continue ReadingTurkey: 72 hours for western media to obtain license
Categories Company & Industry General HIGHLIGHTS Tech Turkey to become top microchip producer amid global shortage Cem CetingucPosted on2 February, 20222 February, 2022 With strong investment and a policy of sustainability, Turkey may be a global center for microchip production, benefiting … Continue ReadingTurkey to become top microchip producer amid global shortage
Categories Business Company & Industry Finance HIGHLIGHTS SISE Buy: Top-line growth to offset margin decline Cem CetingucPosted on2 February, 2022 2022 is mainly about top-line growth. We believe 2021 concluded with firmer operating margins y-o-y … Continue ReadingSISE Buy: Top-line growth to offset margin decline
Categories Business Company & Industry Economy General HIGHLIGHTS Erdoğan announces electricity price adjustment as Turks protest hikes Cem CetingucPosted on2 February, 2022 Turkish President Recep Tayyip Erdoğan announced an adjustment in the calculation of electricity prices after … Continue ReadingErdoğan announces electricity price adjustment as Turks protest hikes
Categories Business Company & Industry Finance HIGHLIGHTS Turkish Banks: Q4 21 results – What to expect? Cem CetingucPosted on1 February, 2022 Q4 2021 earnings season will start next week. We expect 39% earnings growth qoq and … Continue ReadingTurkish Banks: Q4 21 results – What to expect?
Categories Business Company & Industry General HIGHLIGHTS Industry and technology minister: Turkey top home appliances exporter in Europe in 2021 Cem CetingucPosted on1 February, 2022 Turkey took top honors as the largest home appliances exporter in Europe in 2021, the … Continue ReadingIndustry and technology minister: Turkey top home appliances exporter in Europe in 2021
Categories Business Company & Industry Finance HIGHLIGHTS Turkish Banks: Sector Monthly Data Cem CetingucPosted on1 February, 2022 29% monthly ROE on lower provision expenses Turkish banking sector’s December net income is up … Continue ReadingTurkish Banks: Sector Monthly Data
Categories Business Company & Industry General HIGHLIGHTS Tesla plans to tap into Turkish market with all four vehicles in 2022 Cem CetingucPosted on28 January, 202228 January, 2022 Tesla is reportedly planning for a coordinated and structured launch of its vehicle product line … Continue ReadingTesla plans to tap into Turkish market with all four vehicles in 2022
Categories Business Company & Industry HIGHLIGHTS $2 billion investment is on it’s way from Turkish Auto parts industry Cem CetingucPosted on25 January, 2022 Turkey’s automotive parts supplier companies plan to undertake investments worth $2 billion this year, up from … Continue Reading$2 billion investment is on it’s way from Turkish Auto parts industry
Categories Company & Industry General HIGHLIGHTS Turkey faces Power Outages never seen before as Iran Halts Gas Flows Cem CetingucPosted on25 January, 202225 January, 2022 Turkey is undergoing massive power cuts to industrial customers this week at an unprecedented level … Continue ReadingTurkey faces Power Outages never seen before as Iran Halts Gas Flows