BIM Birlesik Magazalar AS

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We revised up our 12-month BIST-100 target to 6,800 from 4,800, indicating an upside of 30%. Considering high inflation, risks might be higher compared to potential rewards at current levels. Our top picks: BIMAS TI, CCOLA TI, MGROS TI, SISE TI, TAVH...

Bim realised TL1,775mn net income in 3Q22, weaker than our estimate of TL1,947mn and consensus estimate of TL1,920mn. Bimas’ quarterly EBITDA margin fell to 7.0% in 3Q22, which is the lowest quarterly EBITDA margin since 2018. We maintain our “outper...

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, Mi...

Bim realised TL1,676mn net income in 2Q22, broadly in line with our est. and cons. Supported by stronger than expected LfL growth, net sales were 2.2% above both our estimates and consensus estimates. We maintain our “outperform” rating and keep BIM...

ALERT** ATA INVEST RESEARCH - 1Q22 Earnings Estimates and Valuation Updates - Attractive valuations for selected blue chip companies. Earnings growth continues in 2022 helped by high inflation. Ahead of earnings season starting today, we revised up o...