TFG Istanbul Morning Report (TFG Istanbul Menkul Değerler )

• BIST100 and BIST30 both was up 4.7% yesterday mostly due to depreciation of lira. MSCI Asia, US and EU futures are down . We expect flat opening for BIST due to ongoing TRY depreciation.
• Powell: Majority of the Committee believes it would be appropriate to raise the rates once or twice by the end of the year.
• US Treasury Secretary Yellen thinks risk of US going into recession has decreased
• U.S. FDIC Chairman Gruenberg said bank regulators are considering imposing stricter capital rules on banks with more than $100 billion in assets.
AGENDA
• CBRT Chairman Hafize Gaye Erkan is expected to meet with TBB member banks today.
• In the domestic front, Domestic Tourism Statistics, Trade Balance and Economic Confidence Index will be announced while in the international front PMI data will be announced.
COMPANY NEWS:
• ARCLK: It has been announced that the company has signed a share purchase agreement for the transfer of Whirlpool Corporation's operations in the MENA region.
• BRSAN: It was decided by BMBYH, the owner of 73.48% of the company's capital, to purchase 230,000,000 shares owned by Salzgitter, corresponding to 23% of BMBYH's total capital, by Borusan Holding. Both sided agreed to the total price of 52.8 million euros which corresponds to 0.23 EUR per share.
• BIMAS: It has been announced that the company will withdraw its judicial application for the penalty of the Competition Board and will apply for the return of 360 million TL of the 718 million TL fine.
• FRIGO: It has been announced that the company will be increasing its capital with reserved capital increase. making 115.7 million TL of the fund, which is expected to be obtained from the capital increase, is planned to be used for the peach and apricot production line and garden plantation investment, and 39.3 million TL for the strengthening of the working capital. Moreover, MERKO announced that it will pay the debt it owed to FRIGO which was amounting to 52 million TL.
• VESTL: 8,500,000 VESBE shares were sold by VESTL with a special order at a price range of 10.30 - 10.49 TL, VESTL's share in VESBE decreased to 79.64%.

 TFG Istanbul Menkul Değerler A.Ş.
  www.tfgistanbul.com/arastirma-raporlar
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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.