Morning ‘bul (Gedik Yatırım)

Push & Pull
 
Today we expect a cautious opening and market to settle around 10,200 levels in early trades. Judges replacement in Gezi Park protests was the main driver yesterday. Investors will follow news developments together with hft flows direction. 10,000 - 10,400 are support and resistance levels.
 
 
 
Stock in Trade
 
• The following are changes in constituents for the MSCI Turkey Small Cap Indexes which will take place as of the close of May 31, 2024.
• Pegasus’ number of monthly passengers increased by 22% (compared to 2023) to 2.92mn in April. (Slightly Positive)
• Emlak REIC (EKGYO TI) signed a protocol to purchase TL11.5bn worth real estate from Infrastructure and Urban Transformation Services Administration. (Negative)
• Aksa Akrilik (AKSA TI, Marketperform, TP TL115.71/share) reported an inflation adjusted EBITDA TL1,263mn in 1Q24, representing a 26% real increase YoY. (Slightly Negative)
• Share buyback / Insider buys: MPARK (19k- 0.01%)

 
 
Economic Calendar
 
• May15: Central Gov't Budget Balance, Apr (Prior: -209.0b)
• May17: House Price Index, Mar (Prior: YoY 58,31%, MoM 2,18%)
• May17: Home Sales, Apr (Prior: 105.4k - YoY -0,10%)
• May17: Expected Inflation Next 12 Mth, May (Prior: 35,17%)
• May20: Deadline for 2023/4Q consolidated financial statements
• May20: Deadline for 2024/1Q consolidated banks financial statements
• May 20: TTRAK’s 1Q24 Financial Results
• May21: FROTO’s & TOASO’s & TUPRS 1Q24 Financial Results
• May22: AYGAZ’S, THYAO’s Financial Results
• May23: KCHOL’s & MGROS’s & TKFEN’s 1Q24 Financial Results
• May24: AGHOL’s 1Q24 Financial Results
• May27: Capacity Utilization, May (Prior: 76,70%)
• May27: CCOLA, MGROS’s dividend payment
• May28: ENJSA’s 1Q24 Financial Results
• May28: AEFES’s dividend payment
• May28: BRISA’s 1Q24 Financial Results
• May29: AGHOL’s dividend payment
• May31: GDP, 1Q (Prior: YoY 4,00%, QoQ 1,00%)
• May31: SISE’s dividend payment
• Jun06: AKSEN’s dividend payment
• Jun07: AKENR’s 1Q24 Financial Results
• Jun11: Deadline for 2024/1Q unconsolidated industrials financial statements
• Jun21: BIMAS’s 1Q24 Financial Results
• Jun21: Deadline for 2024/1Q consolidated industrials financial statements
• Jun28: LOGO’s dividend payment
• Jul19: Moody's credit rating
• Jul22: LKMNH’s dividend payment
• Aug12: MSCI Quarterly Index Reviews
• Sep06: Fitch's credit rating
• Nov01: S&P's credit rating
• Nov07: MSCI Semi-Annual Index Reviews

   Gedik Yatırım Menkul Değerler A.Ş.
   www.gedik.com

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                               Yasal Uyarı
 
 Burada yer alan yatırım bilgi, yorum ve tavsiyeler yatırım danışmanlığı kapsamında değildir.Yatırım danışmanlığı hizmeti ; aracı kurumlar, portföy yönetim şirketleri, mevduat kabul etmeyen bankalar ile müşteri arasında imzalanacak yatırım danışmanlığı sözleşmesi çerçevesinde sunulmaktadır.Burada yer alan yorum ve tavsiyeler, yorum ve tavsiyede bulunanların kişisel görüşlerine dayanmaktadır.Bu görüşler mali durumunuz ile risk ve getiri tercihlerinize uygun olmayabılır.Bu nedenle, sadece burada yer alan bilgilere dayanılarak yatırım kararı verilmesi beklentilerinize uygun sonuçlar doğurmayabilir.