TFG Istanbul Morning Report (TFG Istanbul Menkul Değerler )

• The BIST faced profit-takings yesterday, falling by 0.61% to 5627, with a turnover of TRY 144.9bn, dragged down by the sales in the Banks, REITs, and Energy stocks-the REITs realizing profit-taking after the previous day’s surge.
• TKFEN, VESTL and ASELS managed to diverge positively from their peers and take the top 3 spots among the BIST30 stocks, whereas SASA, KOZAA and ISCTR were the most sold.
• Today, we expect BIST to pare its losses, and all eyes will be on the details of the new housing project geared towards the middle and upper middle-class citizens, details to be unveiled at 07:00 GMT. Thus, we may see interest on the listed REIT companies, such as EKGYO, DAPGM, SNGYO, and OZKGY.
• As of yesterday’s close, the TRY is trading flat at 18.73, but weaker against the Euro at 19.80, whereas the DXY is flat at 104.50, after soaring yesterday. The 2r and 10yr bond rates also closed higher by rising 4bps and 7bps respectively to 9.33% and 8.67%, respectively. The CDS rates will open from the 508 level after falling by 4pts yesterday.
• On the commodity front, Brent has fallen to USD 81.65, whereas both ounce and gram GOLD prices are trading higher at USD 1846 and TRY 1112, respectively.
• European Central Bank Governing Council Member, Martins Kazaks expects interest rates to be raised “significantly” in February and March. “In the next two meetings I think we can still do quite large steps,” he said Tuesday in a phone interview. “Of course the steps may become smaller as necessary as we find the level appropriate to bring the inflation down to 2%.”
• According to the Russian Interfax, President Putin is planning to hold talks with President Erdogan today.
NEWS FLOW:
• ECONOMY: Consumer prices for the year rose by 64.27% in December, the Turkish Statistical Institute announced on Tuesday, down from 84.39% reported in November.
• ECONOMY: Turkey raised the wages for civil servants and pensioners by 25% yesterday.
• HOUSING: Treasury and Finance Minister, Dr. Nebati told BloombergHT news channel that the monthly interest rates in new mortgage campaign will be less than 1%. He also added that the economy policies will not change after the elections, and that early indications show the GDP growing by over 5% in 2022.
• ISCTR: Disclosed that the Head Office has been authorized until the end of 2023 starting from the resolution date to purchase free float shares of our listed subsidiaries namely; (ANHYT; ISFIN, ISGYO, ISMEN, SISE, TSKB, ANSGR, ISGSY, ISYAT, TSGYO) up to a maximum total purchase amount of 3.billion Turkish Lira without a company specific purchase amount restriction, to decide under which accounts previously purchased shares and prospective purchases of shares under this resolution will be booked and to sell previously purchased shares and prospective purchases of shares under this resolution if required.
• ONCSM and SDTTR: Shares will start trading today at the BIST.
• KATMR: Disclosed that it has received a USD 4.15mn order from a local buyer.
• ZOREN: Disclosed that it has made 9,647,726 shares available to be traded at the BIST.
AGENDA:
• On the local front, the REER will be disclosed (Prev. 55.65), as well as the CBRT December inflation assessment report, whereas on the international side, the FOMC Minutes, JOLTS Job Openings, and ISM Manufacturing will be released, and the Eurozone will be welcoming the PMI figures.

 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.