Morning Report (Trive Yatırım Menkul Değerler )

PRESSURE COOKER
" It was almost Deja-vu like yesterday at the BIST, with the Index shedding another 1.36% to close at 9548, and turnover of TRY 101.5bn, due to the escalation of tension in the Middle East, with concerns of an Israeli retaliation to Iran, which will only make matters worse, and cause contagion in the area.
" The Banks, after their recent gains, were the most hit yesterday, falling by 4.55%, while the losses among the other sectors were fairly uniform at a little over 1%. The Mining stocks fared better than the gauge due to the rise in GOLD prices, but were not immune to the overall selloffs, falling by 0.53%, and the Transportation stocks also manged to fall less than the benchmark, but due especially to the gains in the Auto sectors.
" TUPRS-due to rising Brent prices, FROTO and ASELS were yesterday's most bought BIST30 stocks, whereas ALARK-GARAN and YKBNK were the most sold.
" As of print, the TRY is trading a tad weaker against the USD and the Euro at 32.55 and 34.61, respectively, while the DXY has risen to 106.32.
" The rise in the Bond yields continued to rise yesterday as well, with the 2yr and 10yr Bond rates increasing by 217bps and 88bps to 45.59% and 27.44%, respectively.
" On the commodity front, Brent is trading lower this morning at $88.94, after peaking at $91.58 this week, and Ounce GOLD prices have fallen to $2381, on the back of Fed Chairman Jerome Powell's statements yesterday that there has been a "lack of further progress" this year on inflation," thus pointing to the further UNlikelihood that interest rate cuts are coming anytime soon.
" Türkiye's February Retail Sales Figures increased by 3.5% m/m and 25.1% on an annual basis.
" The IMF maintained its growth projection for Türkiye at 3.1% for 2024, and 3.2% for 2025.
AGENDA
" On the local side, the February Balance of Payments will be released, whereas the CPI figures will be closely monitored across the Eurozone.
" Please note that TTKOM and TKFEN are expected to release their 4Q23 results today.
CORPORATE NEWS
" SOKM: Disclosed that it has purchased 100% shares of the e-commerce company, Future Teknoloji, for TRY 220mn, which has a significant brand awareness with the İstegelsin brand in this field, per the disclosure. According to the valuation report (valuation report) of KPMG Management Consultancy Inc. dated 16.04.2024, the Company value is; based on the average of discounted cash flow and similar company multiplies methods, it was determined as 244.9 Million TL, which is the midpoint of the value range of 190.0 Million TL and 303.3 Million TL.
" AEFES: Disclosed that the Company has entered into an agreement with William Grant & Sons regarding the sales, marketing and distribution of William Grant & Sons' full range of products including whisky, liqueur and gin in Türkiye.

 
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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.