Morning Note /
Global

Turkey: Today we expect another positive opening in BIST100

  • Earnings season started and we will hear ASELS and ARCLK financials this week

  • ASELS TI will announce its 3Q22 financials today. We expect TL1.785mn net income in 3Q22 (Cons: TL1.480mn).

  • We remain positive in TUPRS and believe any weakness is a buying opportunity.

ATA Invest
19 October 2022
Published byATA Invest

Following the strong rally on Monday, BIST 100 faced a volatile day, tested a new high but closed almost unchanged yesterday. Today we expect another positive opening in BIST100 towards 3,850 3,900 levels. Earnings season started and we will hear ASELS financials today where ATA expects 1,78 bn NI and consensus expects TL 1,48 bn. We remain positive in TUPRS and believe any weakness is a buying opportunity.

Company news:

* MPARK TI> bought back 168K shares at an average price of TL62.75 on 18 October 2022. Since 25 May 2022, the total number of shares bought back reached 4.7mn at an average price of TL42.13.

*MPARK TI> Van Eck Associates Corporation announced that they sold 3,8 mn shares at TL 52,60 on Oct, 10 and their share fell below 5% to 4,98%

ASELS TI> will announce its 3Q22 financials today. We expect TL1.785mn net income in 3Q22 (Cons: TL1.480mn).

Weekly Agenda:

Oct, 19 ASELS 3Q22

Oct, 20: CBT rate decision

Oct, 20: BRSA weekly Banking sector data

Oct, 21: Oct Consumer confidence Index

Oct, 21: ARCLK 3Q22