Mornıng Trıve (Trive Yatırım Menkul Değerler )

 
BIST IN FESTIVE MOOD
" The BIST100 was in a festive and buying mood yesterday, ahead of the long Eid break, closing 2.05% higher at 9129, and more importantly, accompanied with a buoyant turnover of TRY 115bn.
" The Banks soared 5.75% higher, thanks to the sharp drop in the 5yr CDS rates, as well as on the heels of foreign investors, but specifically the State-banks were strong yesterday, with the Conglomerates and Mining also beating the benchmark.
" However, the same cannot be said for the Transportation stocks, more specifically, for the AVIATION stocks, as THYAO's financial figures failed to please investors, causing it to drop by 3.33% to 290, seeing its trough at the 287.50 level.
" ISCTR-AKBNK and SAHOL (bounce back after yesterday's harsh selloffs) were the most bought BIST30 stocks, compared to THYAO-ODAS and PGSUS. On the broader spectre, we also observed VAKBN and HALKB top the BIST100 advancers' list respectively, whereas VESTL saw profit-takings.
" As of print, the TRY has weakened to 31.96 against the USD, but is trading stronger against the Euro at 34.60, while the DXY has risen to 104.32.
" On the Bonds' side, the 2yr Bond rates fell by 74bps to 43.44%, as opposed to the 44bps rise in the 10yr yields to 26.70%.
" Brent is trading higher at $90.68, due to the possible escalation in the geopolitical tension, whereas GOLD has subsided to $2280. However, a potential rise to the $95 ticker has the risk of both disturbing the inflation curb, as well as hurting Türkiye's Current Account soft belly.
" Yesterday, Israeli president, Benjamin Netanyahu, said yesterday the country (Israel) would harm ""whoever harms us or plans to harm us," amid Iran's vows to avenge the killing of Iranian generals in Syria.
" Last week, Foreign Investors were Net Buyers of $267mn EQUITIES and Net Buyers of $112mn BONDS.
" In our Fed-speak segment today, yesterday, Richmond Federal Reserve President Thomas Barkin said he is focused intently on the persistent breadth of inflation across goods and services and feels slower price increases need to be more widespread before he is comfortable cutting interest rates. His Chicago counterpart, Austen Goolsbee stated that housing prices pose the biggest risk to inflation, adding that they will have a very difficult time getting overall inflation back to the 2% target.

AGENDA
" The Cash Budget Balance will be released on the local front, while the US will be releasing the Non-Farming figures and Unemployment Rate and Wage figures. The Eurozone will be disclosing the Retail Sales figures, and Germany will disclose its Factory Orders.

FINANCIAL RESULTS
" TRILC: Disclosed a net income in 2023 of TRY 105.7mn, vs a loss of TRY 81.7mn in 2022. EBITDA rose by 57% to TRY 300.2mn from TRY 191mn.

CORPORATE NEWS
" ISCTR: Disclosed that its subsidiaries owned by the Bank will be transferred to a Holding company, Tibas Holding, with a capital of TRY 140bn, which will be established as a 100% subsidiary of our Bank, using the "partial facilitated demerger through associate model" method in an aim apply a more strategic and focused management approach required by the rapid changes the world goes through and to further improve the status achieved with its employees, customers, shareholders and other stakeholders, the bank, in 2023, has initiated a structuring process to strengthen and optimize its subsidiary portfolio aimed at improving capital efficiency and governance quality. Accordingly, the related listed parties are: SISE, TSKB, TSGYO, ISMEN, ISGYO, ANHYT, ISFIN, ANSGR, ISYAT, and ISGSY.

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

***
                        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.