Reuters reported that Non-performing loans have shot up to a global high of close to 10 percent of gross credit […].
Odak Elektrik: Tax expenses pressures bottom line Odas Elektrik posted TL20mn net profit for 4Q18, worse than our estimate of […].
Adding PEGASUS The company’s strategy of increasing international flights has had some pressure on load factors but would increase […].
Early in Thursday in Asia trading dollar/TL pair inched up to 5.44, with famed strategist Mr. Şant Manukyan forecasting next […].
Results are worse than expected Petkim reported TL44mn net loss for 4Q18, worse than the consensus of TL77mn net […].
Yesterday (21 February) was interesting in terms of market action across the world. Unlike what we have been getting used […].
Non-operating impacts boosted NI TCELL posted TL864mn NI (+300% y/y), +258% q/q), parallel to our TL850mn estimate and […].
As evident from the contracting domestic demand, consumers in Turkey refrain from spending amidst the tough economic conditions. The consumer […].
Standard and Poor’s said on Tuesday that it expects the non-performing loan (NPL) ratio in Turkey’s banking sector to double […].
Turkish Treasury sold TL 9.8 billion worth of 2 year and 5 year CPI-linked bonds in Tuesday’s auction, which raised […].
Halkbank reported TL317mn net income in 4Q18, exactly in line with expectations, indicating a ROE of 4.4%. Even though core […].
Upbeat profitability despite challenging conditions DOAS posted TL4mn net income in 4Q18, significantly better than loss estimates (Oyak: TL45mn, Cons: […].
Euro Weekly magazine interviewed experts on the EM Europe 2019 outlook. Turkey and Russia stand out, with Turkey being […].
Isbank reported TL2,196mn net income in 4Q18 indicating a ROE of 18.1%, bringing cumulative NI to TL6,769mn with a yearly […].
Turkey’s Trade Ministry officials conducted raids on wholesale vegetable markets in five different provinces, announcing that the ministry will soon […].
Last year’s currency crisis is continuing to take its toll on the Turksh economy as it has going through a severe […].
We expect TTKOM to continue posting strong operating figures in 4Q18 mainly thanks to the inflationary pricing and healthy growth […].
Adding SODA to our Top Picks- Our target price for the stock is TL8.75, pointing to 34% upside potential. […].
Berating US, IMF and CHP in the same speech, President Erdogan came roaring back in his party’s caucus meeting on […].
January headline CPI inflation print was not surprising in the sense that it almost met the average expectations. Furthermore, the […].
Turkey’s deep recession and an inflation stuck at 20% per annum spells hardship for the nation and equity investors, but […].
Akbank downgraded Slightly better NI generation Akbank announced TL1,051mn net income in 4Q18 in its bank-only financials indicating an […].
PA Intelligence is blessed with a bumper crop of high-quality sector and equity research reports from global names, which we […].
Thoughts and Questions Market prices are a reflection of decisions by different type of investor groups each basing their […].
We love the analogy OYAK Securities used for investing in EM, and the compressed summary of 2019 macro forecasts. The […].
Reports from Turkish financial institutions indicate that despite the appreciation of the TL, 4Q2018 witnessed poor operating performances for financials […].
Appreciation in TL is to support y/y bottom-line growth in 4Q18 We expect the aggregated NI of the non-banks […].
Economist Mr Serkan Gonencler reviews economic consderations and the global bacdrop to upgrade its year-end target for BIST-100 Equity Index: […].
By Yatirim Finansman Invest Single digit 4Q18E ROE to prevail through 1H19 Our estimate for Garanti’s 4Q18 BRSA solo […].
PETKM TI – OUTPERFORM (Maintained) TP: TL7.00 Upside: 32% Highlights from our non-deal roadshow We (OYAK Invest) organized […].
It was no surprise that Central Bank of Turkey stuck with a tight monetary stance, because inflation is expected to […].
Turkish central bank Monetary Policy Committee kept the policy-that is the one-week repo auction rate- constant at 24%. The bank […].
Downgrading to Neutral on sharply lower margin guidance We downgrade Turkish Airlines (THY) to Neutral on the back of management’s […].
Current price levels offer a good entry point We maintain our Outperform rating for Petkim with a target […].
Akbank announced its operating budget guidance for 2019 and medium term strategic priorities in its Analyst & Investor day held […].
Turkey is likely to post a record number of foreign tourists flow of over 40mn in 2018. The Ministry of […].
(EREGL, ISDMR, KRDMD) We believe that anticipated strong 4Q18 results that would benefit from the lagging impact of product prices […].
The Turkish lira (TRY) slipped more than 2% against the dollar on January 8 primarily reflecting investor anxieties stemming from […].
One of Turkey’s premier investment houses, catering to IFI, Yatirim Finansman updated its recommended 2019 equity portfolio. We present the […].
TL started the New Year off as the worst performing EM currency, despite a starkly improving current account balance and […].
Turkey’s Purchasing Managers’ Index (PMI) for the manufacturing sector was 44.2 in December as announced based on a survey today […].
Podcast Everything about Turkey. Interview with Atilla Yesilada, Global Source Partners Turkey analyst. In this interview, economist Atilla Yesilada, […].
OYAK Securities Research initiated coverage of Medical Park Hospital Chain (MLP Care), the leading private healthcare provider in Turkey, with […].
One of Turkey’s premier securities houses, Yapi Kredi Invest reshuffled its recommended stock list. It removed food retailer chain BIM […].