Morning Note /
Turkey

Turkish equities are continuing to break new records

  • Industrials are outperforming banks so this is bringing the question of whether it is time to punt for banks

  • With the level of TL depreciation we had in the past 3 months and inflation shooting over 30% in January (our estimate)

  • ATA TOP Pick SISE TP revised up to TL 24.4 signaling 66% upside potential

Batuhan Ozsahin
ATA Invest
9 December 2021
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