The news that Biontech will be supplying 120 mn doses of COVID vaccine to Turkey helped the sentiment to ease slightly yesterday. Aviation stocks recovered quickly and faced cash inflow. Speeding up in vaccination is a must to recover the tourism season. Please recall TAVHL TI is ATA top pick from aviation sector. The rebound in US markets are likely to bring a positive opening in BIST towards 1,465 and 1,480 resistance levels.
Foreign investors were USD 87.7 mn net buyers for equities and USD 23.7 mn bonds last week
CMB approves the IPO of ATP (ATA Group software company)
ASELS : acquired US$36mn project from one of international clients regarding the avionic systems (Slightly Positive). The project is scheduled to be delivered during 2022-2023. The acquired project accounts for 0.4% of US$9.0bn backlog (as of 1Q21-end). We consider that the contribution of the project will be slightly positive.