Categories Emerging Markets Finance HIGHLIGHTS Markets Hot money returns to Turkish financial markets Atilla YeşiladaPosted on8 December, 2023 Once a haven for carry trade and EM equity investments, foreign interest in Turkish financial … Continue ReadingHot money returns to Turkish financial markets
Categories Business Company & Industry Markets BoFA on Turkish banks: The Great Normalization – Buy private banks Atilla YeşiladaPosted on3 December, 2023 Risk-reward is appealing ‘Normalization’ is probably the best word to describe the ongoing dynamics in … Continue ReadingBoFA on Turkish banks: The Great Normalization – Buy private banks
Categories Atilla Yeşilada Finance HIGHLIGHTS Markets TL will gain value throughout 2024 Atilla YeşiladaPosted on1 December, 2023 It takes courage to make this claim in an environment where all Turkish YouTubers claim … Continue ReadingTL will gain value throughout 2024
Categories General HIGHLIGHTS Markets Morning news from Turkey: Foreign policy dominates, outlook for TL positive Atilla YeşiladaPosted on1 December, 2023 In a Reuters report, a senior official from the US State Department stated that Foreign … Continue ReadingMorning news from Turkey: Foreign policy dominates, outlook for TL positive
Categories Company & Industry HIGHLIGHTS Markets Bullish recommendations from BoFA, Goldman propel Istanbul Stock Exchange to new highs Atilla YeşiladaPosted on27 November, 2023 Bank shares in Turkey’s private sector experienced a significant surge today, following an endorsement from … Continue ReadingBullish recommendations from BoFA, Goldman propel Istanbul Stock Exchange to new highs
Categories Company & Industry HYPED Markets Sabanci Holding: BUY recommendation from HSBC analysts Atilla YeşiladaPosted on18 November, 2023 Recommendation summary The underperformance of SAHOL stock vs its listed parts YTD has pushed the … Continue ReadingSabanci Holding: BUY recommendation from HSBC analysts
Categories Emerging Markets Finance HIGHLIGHTS Markets Commentary: TL government bonds attracting attention of investment banks, financial press Atilla YeşiladaPosted on16 November, 2023 It was Bloomberg which first sounded out EM fund managers about their interest in the … Continue ReadingCommentary: TL government bonds attracting attention of investment banks, financial press
Categories Economy Finance HIGHLIGHTS Markets Central bank rate decision on Thursday keeps the bankers guessing Güldem AtabayPosted on25 October, 202325 October, 2023 The Turkish Central Bank (TCMB) is set to reveal its policy interest rate decision on … Continue ReadingCentral bank rate decision on Thursday keeps the bankers guessing
Categories Finance HIGHLIGHTS Markets Erdogan’s remarks on Hamas had their toll on the equity market Güldem AtabayPosted on25 October, 2023 After opening 0.57% higher at 8035 points, the Borsa Istanbul 100 index began to decline … Continue ReadingErdogan’s remarks on Hamas had their toll on the equity market
Categories Economy Markets Goldman Sachs: Turkey — Back in the Game Atilla YeşiladaPosted on22 October, 2023 Turkey — FX carry is back … After a long period of unorthodox policy, escalating … Continue ReadingGoldman Sachs: Turkey — Back in the Game
Categories Economy HIGHLIGHTS Markets Simsek: Turkey nearing positive real interest rate to curb inflation Güldem AtabayPosted on13 October, 2023 Turkish Finance Minister Mehmet Simsek emphasized the importance of a positive real interest rate to … Continue ReadingSimsek: Turkey nearing positive real interest rate to curb inflation
Categories Finance HIGHLIGHTS Markets Mehmet Karacuka: Stock market and the economıc crısıs Atilla YeşiladaPosted on24 September, 2023 “The decrease in income and interest rates does not affect every sector equally and symmetrically … Continue ReadingMehmet Karacuka: Stock market and the economıc crısıs
Categories Finance HIGHLIGHTS Markets Standart Chartered: Substantial rate hikes to continue in Türkiye Atilla YeşiladaPosted on16 September, 2023 We now expect the central bank to hike the policy rate by 500bps at its … Continue ReadingStandart Chartered: Substantial rate hikes to continue in Türkiye
Categories Finance HIGHLIGHTS Markets Barclay’s predicts “modest CB” rate hike, higher dollar/TL Atilla YeşiladaPosted on16 September, 2023 The Central Bank Monetary Policy Committee (PPK) increased its key interest rate by 750 basis … Continue ReadingBarclay’s predicts “modest CB” rate hike, higher dollar/TL
Categories Finance Markets JP Morgan: Türkiye: Fiscal stimulus suggests faster rate hikes Atilla YeşiladaPosted on13 September, 2023 The macro projections in the medium-term economic programme for 2024-2026 look realistic, and suggest accommodative … Continue ReadingJP Morgan: Türkiye: Fiscal stimulus suggests faster rate hikes
Categories Company & Industry HYPED Markets Equity Strategy: The state of Turkish markets amidst policy normalization Atilla YeşiladaPosted on9 September, 2023 An Overview – Macro Outlook Risk perception continues to improve as economic policies normalize … Continue ReadingEquity Strategy: The state of Turkish markets amidst policy normalization
Categories Finance HIGHLIGHTS Markets Why did the TL drop after the Central Bank rate hike? Atilla YeşiladaPosted on25 August, 2023 TL gained 2.5% vs USD in late Friday trading hours, after coming under immense selling … Continue ReadingWhy did the TL drop after the Central Bank rate hike?
Categories Business Finance HIGHLIGHTS Markets Moody’s upgrades Turkish banks, banks try to rally Atilla YeşiladaPosted on15 August, 2023 Moody’s Investor Services has upgraded its outlook for Turkey’s banking sector from negative to stable, … Continue ReadingMoody’s upgrades Turkish banks, banks try to rally
Categories Finance HYPED Markets BofA on Turkish telecom sector: Inflation to reaccelerate but sector better prepared – still prefer Turkcell Atilla YeşiladaPosted on30 July, 2023 Only limited negative sector growth despite inflation BofA economists expect Turkish inflation to pick up … Continue ReadingBofA on Turkish telecom sector: Inflation to reaccelerate but sector better prepared – still prefer Turkcell
Categories HIGHLIGHTS Markets Is Yatirim Yapı Kredi bank share analysis: Margins have been under fire, solid non-interest income weathered the storm Atilla YeşiladaPosted on30 July, 2023 Actual vs Estimates YKB posted TL 11.5bn solo net earnings in 2Q23, in line with … Continue ReadingIs Yatirim Yapı Kredi bank share analysis: Margins have been under fire, solid non-interest income weathered the storm