Morning Note /
Turkey

Turkey: It is a week without much significant data

  • There is ECB rate decision on Thursday but no surprises of any kind is expected

  • 1Q results are due to start next Monday with Turk Traktor and banks will start with Garanti on the 29th.

  • We expect Eregli, Turk Traktor, Arcelik, Tofas, Dogus otomotiv, Migros, BIM, SOKM to post strong 1Q results.

Batuhan Ozsahin
ATA Invest
19 April 2021
Published by

It is a week of not much significant data neither domestically nor globally. There is an ECB rate decision on Thursday but no surprises of any kind is expected. 1Q results are due to start next Monday with Turk Traktor and banks will start with Garanti on the 29th. We should continue to trade slightly positive in a tight range with strong 1Q expectations stocks outperforming the rest.

We expect Eregli, Turk Traktor, Arcelik, Tofas, Dogus otomotiv, Migros, BIM, SOKM to post strong 1Q results. Lower UST yields and DXY should continue to be supportive for risk assets globally.

Company news:

Esenboga Elektrik <ESEN TI> goes ex-dividend today, paying TL0.01/share. (0.02% dividend yield)

 Weekly Macro Agenda:

 April 22: April Consumer Confidence (March 86.7)