Morning Bul (Gedik Yatırım)

Push & Pull
 
Today we expect a cautious opening and market to settle around 10,650 levels in early trades. Upward sentiment will likely to continue with mostly local players after reaching 10,500 levels last week. We will continue to see stock specific moves. 10,450 - 10,850 are support and resistance levels.
 
 
Stock in Trade
 
• The Treasury will hold one auctions today.
• Turkey’s residential property price index (RPPI) was 1,230 in March (February: 1,216, January: 1,190, December: 1,163), representing a 52% YoY increase (February: +58%, January: +68%, December: +76%) (Slightly Negative for REIC and Cement stocks)
• TUIK data reveals that house sales were 76k units in April (March: 105k, February: 94k, January: 80k), down by 12% YoY (March: -0.1%, February: +17%, January: -18%). (Slightly Negative)
• Sasa Polyester (SASA TI, N/R) posted 220% EBITDA growth YoY. (Slightly Positive)
• Is REIC (ISGYO TI) reported an inflation adjusted net loss of TL104mn in 1Q24, vs. TL585mn net profit in 1Q23. (Slightly Negative)
• Share buyback / Insider buys: MPARK (17k- 0.01%)

 
Economic Calendar
 
• 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, CCOLA’s, THYAO’s and TUPRS’s 1Q24 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: TCELL’s 1Q24 Financial Results
• 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.