Morning Note /
Turkey

Turkey: Q3 could be the last good post-pandemic quarter

  • Positive momentum in equities led by banks continue as all private banks that reported so far have beaten expectations

  • So Q3 could be the last good post-pandemic quarter they could see as they will fight with higher cost pressures

  • With CPI climbing above 20% in November, minimum wage negotiations will be a key issue, especially for retailers

Batuhan Ozsahin
ATA Invest
2 November 2021
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