Mornıng Trıve (Trive Yatırım Menkul Değerler )

" The selloffs at the BIST continued yesterday as well, as hopes of potential rebounds and turnarounds were met with sellers, with the selling appetite accelerating towards the close, causing the BIST to close on a loss of 1.05% at 8946, but with a relatively low turnover of TRY 87.9bn.
" We would expect the volatile and low turnover trading continue until the Eid break and normalize once everyone enjoys their vacation and comes back to work on the 15th of April. However, we expect the BIST to open positively this morning.
" The Conglomerates, due to SAHOL's poor financial results, pulling down its peer KCHOL with it, fell by 2.40%, and the Energy stocks also fell by 2.46% due the limit-down closing of ZOREN shares, whereas the Banks fell by 0.94%. After all the negatives, there were some sectors that managed to diverge positively from their peers, mainly AVIATION and the TELCOs, as well as the Service stocks.
" Accordingly, TCELL-ISCTR and BIMAS were yesterday's most bought blue chips, as opposed to SAHOL-ODAS and HEKTS.
" As of print, the TRY is trading flat at 31.96 against the greenback, but a tad weaker against the Euro at 34.66, while the DXY has retreated slightly to 104.18.
" On the Bonds' side, while the 2yr rates fell by 10bps to 44.18%, the 109yr yields rose by 8bps to 26.26%.
" Brent is trading slightly higher this morning at $89.29, while GOLD is flat at $2209, despite a brief jump over the $2300 level.
" OPEC+ ministers kept oil supply policy unchanged and pressed some countries to increase compliance with output cuts, a decision that spurred international crude prices to their highest in five months at nearly $90 a barrel. The next meeting will be held on June 1st.
" Türkiye's Mach Inflation numbers rose by 3.16% m/m, and to 68.5% on an annual basis, thus better than the estimates of 3.6% and 69.05%, respectively, thus showing signs of a deceleration.
" The Economic Coordination Committee met yesterday, under the auspices of the Presidential Cevdet Yilmaz, who stated that there would be a significant fall in inflation in the second half of 2024, due to the continuation of the tight monetary policies.
" Fed Chairman, Jerome Powell stated yesterday the continued focusing on the need for more debate and data before interest rates are cut, a move the financial markets currently expect to happen in June.
" Meanwhile, Atlanta Fed President Raphael Bostic said yesterday that rates should likely not be reduced until the fourth quarter of this year, while anticipating just one quarter-percentage-point cut in 2024.

AGENDA
" On the local front today, the March Inflation Assessment Report, REER and Foreigners' Net STOCK/BOND Holding will be released, while the US will be releasing the Weekly Jobless Claims Numbers, and the Eurozone will disclose the PPI.

FINANCIAL RESULTS
" THYAO: Disclosed a net income in 2023 of TRY 163bn, a whopping 244% increase compared to TRY 47.4bn realized in 2022, but due mainly to deferred tax payment line. EBITDA also rose by 47% to TRY 115.4bn in 2023 vs TRY 78.7bn in 2022.

CORPORATE NEWS
" GLYHO: Disclosed that its subsidiary, Global Ports Holding Plc ("GPH"), has signed a 50-year agreement with Peel Ports Group's subsidiary, The Mersey Docks And Harbour Company Ltd, to operate cruise services at Liverpool Cruise Port. GPH expects to take over operations of the port in April 2024. GPH will pay certain upfront charges, and in certain circumstances annual charges. Liverpool Cruise Port has the potential for significant growth in passenger volumes. Subject to the granting of the appropriate permits and licenses, GPH plans to invest up to £25 million in the port's infrastructure. This investment will include the addition of a new floating dock that will increase capacity and allow for the simultaneous berthing of two 300-metre ships and over 7,000 passengers a day. In 2023, Liverpool Cruise Port welcomed 102 cruise ships and over 186k passengers. This is expected to increase to over 200k passengers in 2024 and exceed 300k per annum once the infrastructure works are completed.
" EBEBK: Disclosed that the number of visitors to its stores in March 2024 was 3,868,097, compared to 3,640,719 last year, and the number of visitors in 3m24 was 12,211,919, compared to 11,458, 526 y/y. The number of visitors to ebebek.com website in March 2024 was 10,656,211, compared to 13,308,509. The number of visitors to ebebek.com website in the first 3 months of 2024 is 37,451,553, compared to 37,912,789 y/y.
" AYGAZ will pay net TRY 6.17dps and TOASO will pay net TRY 18dps today.
" IC Enterra shares will start trading today under the ENTRA.E ticker.

 
 Trive Yatırım Menkul Değerler A.Ş.
  https://www.trive.com.tr/

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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.