Categories Emerging Markets Finance Emerging markets: Turkish Lira remains unloved Cem CetingucPosted on14 September, 2021 A slide in Hong Kong-based technology and internet heavyweights following Beijing’s latest regulatory crackdown pushed … Continue ReadingEmerging markets: Turkish Lira remains unloved
Categories Company & Industry Finance Turkish automobiles: Seeing the half glass full Cem CetingucPosted on13 September, 2021 Better to have a supply problem than a demand problem: As is the case for … Continue ReadingTurkish automobiles: Seeing the half glass full
Categories Business Company & Industry Finance 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
Categories Finance General A conversation about U.S. Economy and the Markets (Eric Basmajian-EPB Macro Research and Kaya Özyürek- Paraanaliz) Atilla YeşiladaPosted on10 September, 2021 Eric Basmajian (EPB Macro Research) and Kaya Özyürek (Paraanaliz) discuss the current path of … Continue ReadingA conversation about U.S. Economy and the Markets (Eric Basmajian-EPB Macro Research and Kaya Özyürek- Paraanaliz)
Categories Business Company & Industry Finance 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
Categories Economy Finance HIGHLIGHTS Markets Turkey Central Bank Paves Way for Rate Cut With Guidance Shift Güldem AtabayPosted on8 September, 2021 The Turkish central bank shifted its policy focus to a core set of prices amid … Continue ReadingTurkey Central Bank Paves Way for Rate Cut With Guidance Shift
Categories Company & Industry Finance TURSG – Buy: Diamond in the rough Cem CetingucPosted on8 September, 2021 Türkiye Sigorta is the market leader in Turkey’s non-life insurance sector, with a 13.7% market … Continue ReadingTURSG – Buy: Diamond in the rough
Categories Economy Finance HIGHLIGHTS Turkish Banks Resist Calls to Curb Consumer Loans During Faceoff Güldem AtabayPosted on7 September, 2021 Turkish lenders are resisting demands from the banking regulator to curb growth in consumer credit, … Continue ReadingTurkish Banks Resist Calls to Curb Consumer Loans During Faceoff
Categories Finance Markets Turkish equities marched onwards amidst global risk-on sentiment Atilla YeşiladaPosted on7 September, 2021 MSCI Turkey underperformed the MSCI EM by 0.1% yesterday. BIST-100 gained 0.4%, closing at the … Continue ReadingTurkish equities marched onwards amidst global risk-on sentiment
Categories Emerging Markets Finance HIGHLIGHTS TL slumps after soaring inflation data, but help is on its way…. Atilla YeşiladaPosted on4 September, 2021 Turkey’s lira fell up to 0.8% on Friday after inflation jumped more than expected and … Continue ReadingTL slumps after soaring inflation data, but help is on its way….
Categories Business Finance HIGHLIGHTS Germany cracks down on Turkish state lender Atilla YeşiladaPosted on1 September, 2021 Germany’s financial regulatory authority on August 26 announced a series of punitive measures against an … Continue ReadingGermany cracks down on Turkish state lender
Categories Business Finance HIGHLIGHTS Turkish government plans to limit consumer loans Atilla YeşiladaPosted on29 August, 2021 Turkey’s consumer and commercial loan use has slowed down considerably in 2H2021, but the government … Continue ReadingTurkish government plans to limit consumer loans
Categories Finance HIGHLIGHTS Markets Powell, the arch-dove keeps EM, TL strong Atilla YeşiladaPosted on28 August, 2021 Most Latin American currencies rallied on Friday as U.S. Federal Reserve Chair Jerome Powell calmed … Continue ReadingPowell, the arch-dove keeps EM, TL strong
Categories Company & Industry Finance HSBC: Turkish Aviation sector Cem CetingucPosted on27 August, 2021 Normalisation on track and risks appear more manageable: Air traffic in Turkey is exhibiting a … Continue ReadingHSBC: Turkish Aviation sector
Categories Economy Finance Macro Snapshot: CUR, RSCI and Sectoral Confidence Indices Cem CetingucPosted on27 August, 202127 August, 2021 In August, manufacturing CUR, RSCI and sectoral confidence indices recorded increases. Seasonally adjusted (SA) Capacity … Continue ReadingMacro Snapshot: CUR, RSCI and Sectoral Confidence Indices
Categories Economy Finance HIGHLIGHTS Strategist Tim Ash answers FAQ about Turkish economy & markets Atilla YeşiladaPosted on22 August, 2021 Question – the lira has outperformed other EM currencies in recent months, how do you … Continue ReadingStrategist Tim Ash answers FAQ about Turkish economy & markets
Categories Company & Industry Finance DO & CO (DOCO TI) : Upgrade to Buy: Emerging stronger Cem CetingucPosted on22 August, 2021 Overall business is on an improving trend: We believe DO & CO is on a … Continue ReadingDO & CO (DOCO TI) : Upgrade to Buy: Emerging stronger
Categories Finance HIGHLIGHTS PA Turkey Video: A discussion on Stablecoins and CBDC Atilla YeşiladaPosted on20 August, 2021 Mr. David Andolfatto (Fed) and Mr. George Selgin (Cato) have shared their thoughts … Continue ReadingPA Turkey Video: A discussion on Stablecoins and CBDC
Categories Business Company & Industry Finance Koc Holding: Discount to NAV still wide vs history; attractive entry point vs subs; reiterate Buy Cem CetingucPosted on18 August, 2021 We reiterate our Buy rating on Koc Holding (Koc) post 2Q results announced on July … Continue ReadingKoc Holding: Discount to NAV still wide vs history; attractive entry point vs subs; reiterate Buy
Categories Economy Finance Macro Focus: IP, June 2021: IP figures indicate a strong growth in Q2 Cem CetingucPosted on15 August, 202115 August, 2021 In June, IP increased by 2.3% MoM and 23.9% on a YoY. According to the consensus, … Continue ReadingMacro Focus: IP, June 2021: IP figures indicate a strong growth in Q2