Mornıng Report (Trive Yatırım Menkul Değerler )

• The BIST100 did manage to close higher yesterday on the headwinds from the positive political developments, however, after a fast and furious start, hit speed control and cruised at its near opening highs, ending the day 1.50% higher at 8472, and high turnover of TRY 114.7bn, led by the gains in the Aviation and Energy stocks, whereas the Banks continued to decouple negatively from its peers, and the REITs, headed by EKGYO, also faced slight profit-takings, taking a breather after its recent surge.
• THYAO-ALARK and ASELS were yesterday’s top gainers, while ODAS-YKBNK and PETKM were the most sold.
• As of print, the TRY is trading flat at 30.35 against the USD, but slightly weaker against the Euro at 32.88, while the DXY has slid to 103.49. The 2yr rates rose by 21bps to 43.43%, whereas the 10yr rates were flat, rising by just 1bps to 27.54%.
• On the Commodity front, Brent is trading higher at $82.16, and Ounce GOLD has risen slightly to $2032, as of print.
• CBRT: Disclosed new regulations with regards to the Reserve Required Reserve Ratios. Accordingly, the RRR for FX-Protected deposits with maturities upto 6 months will be cut to 25% from 30%, however, the additional RRR in TRY for FX deposits will be doubled to 8% from the current 4%, as published in the Official Gazette, per part of quantitative tightening measures.
AGENDA:
• On the local front today, the Economic Confidence Levels will be released, whereas the Eurozone will be releasing its 4Q24 adjusted GDP figures, and the US will release the Conference Board data, as well as JOLTS job data.

CORPORATE:
• GARAN: Disclosed a net profit in 2023 of TRY 87.33bn, vs TRY 58.51bn y/y (+49.3%); NII was at TRY 74.84bn vs TRY 83.32 y/y, and net F&C came in at TRY 40.87bn vs TRY 16.63bn y/y. Loan growth was at TRY 1.08trn vs TRY 669bn, and the Bank stated that it expects loan growth to increase parallel to the inflation rate. On a quarterly basis, the NI was TRY 29.8mn, vs the consensus TRY 23.1mn, and an increase of 49.5% y/y.
• KCAER: Disclosed that it has received a new steel profile orders from MENA and America Continent amounting to US$ 27.3mn since the beginning of the year. New orders mainly consist of value added energy sector profiles.

 
 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.