Turkey Strategy: Election coming amid global slowdown

  • We revised up our 12-month BIST-100 target to 4,800 from 4,000, indicating an upside of 25%.

  • Amid macro uncertainties, depending on signals in 4Q22, we might see lower levels in equitiesbefore it gets better.

  • Our top picks: Bim, Coca Cola Icecek, Migros, Sisecam , Tav Hava Limanlari, Tofas  and Turkcell.  

October 20th, 2022
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