Strategy Note /
Turkey

Attractive valuations for selected blue chip companies

  • We forecast 2021 earnings increase for our coverage universe to be 77.3% and followed by a 18.6% increase in 2022.

  • Net inc. for non-fin. coverage will post 153.1% earnings increase in 2021, while for banks the increase will be 25.6%

  • We revised up our 12-month BIST-100  target to 1,900 from 1,850, indicating an upside of 39%.

Zeynep Erman
Zeynep Erman

Equity Research Analyst

Contributors
Batuhan Ozsahin
Cemal Demirtas
Aytunc Uz
ATA Invest
28 July 2021
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