ATA Invest
ATA Invest

ATA Invest

Coverage: Turkey
ATA Holding is a third-generation family-owned conglomerate, primarily active in financial services, food & retail, technology and rea estate. ATA Group consists of more than 20 companies, with a total consolidated sales figure exceeding US$2.0bn.
Location: Turkey
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Analysts

Latest articles from ATA Invest

Turkey: Global risk-off mode hits the optimistic long USDTRY trades

The lira finally caved in yesterday and is now at 7.44 against compared to 6.94 last week after the global risk off mode hit the optimistic long USDTRY trades. It looks likely to be an ugly day for risk assets and in the Turkish market the small and...
ATA Invest Batuhan Ozsahin
Batuhan Ozsahin @ ATA Invest 26 February 2021

Turkey: More selling pressure at BIST expected

CBRT kept its confidence-restoring stance with messages on fighting inflation. Lira and CDS are calm but equities are experiencing big intraday volatility with banks staying under more pressure. We expect more selling pressure at BIST with a lack of...
ATA Invest Batuhan Ozsahin
Batuhan Ozsahin @ ATA Invest 19 February 2021

Turkey's CDS signals further optimism

Despite the daily volatility, BIST 100 keeps recovering since the sharp sell off in Jan end. On a segmental basis, domestic sales volume surged by 154% y/y partly thanks to low base and favorable loan rates whereas export volumes were down...
ATA Invest Batuhan Ozsahin
Batuhan Ozsahin @ ATA Invest 5 February 2021

Turkey's short-term volatility likely to continue

Despite the weak opening, due to the reaction buying and recovery in European markets BIST 100 closed in green yesterday. The reaction buying may be limited for the time being as another weak opening is likely this morning. Today in case 1,490 suppor...
ATA Invest Batuhan Ozsahin
Batuhan Ozsahin @ ATA Invest 29 January 2021

Turkey: Slightly negative market opening should be expected

CBRT kept the policy rate 17% yesterday and more importantly emphasized that tight monetary policy stance will be maintained decisively, taking also the 2021 year-end inflation forecast target into account. Despite the attractive valuations, taking i...
ATA Invest Batuhan Ozsahin
Batuhan Ozsahin @ ATA Invest 22 January 2021

Turkey starts the day in negative territory

Profit taking mood is in the air as there is not much new inflow from international investors despite the 2 big conferences this week (there were US$248mn net inflows to equities last week). The rally of the market has reached 49% in dollar terms sin...
ATA Invest Batuhan Ozsahin
Batuhan Ozsahin @ ATA Invest 15 January 2021