ANALİZ-Morning Report(Trive Yatırım) [FNC-NEWS]

https://news-files.foreks.com/attachment/1711605415806_MORNINGTRIVEREPORT-28MAR2024.pdf

TRADING WITHIN THE CONFINES
The BIST100 closed yesterday flat, with a slight loss of less than 1% at 8807, and turnover of TRY 84.9bn. The good news yesterday was that the BIST managed to bounce back from its dip at the 8749 level, and peak at 8906 level, however, the bad news was that it faced fierce profit-takings from the 8900 level, thus taking the BIST to where it started! The Banks and the Aviation stock pulled the BIST lower by falling 0.61% and 0.52%, respectively, while the Mining stocks were the diamond in the ruff, rising by 1.60%. On the BIST30 side, GUBRF closed limit-up, and was followed by ASELS, thanks to its strong financial results, and TAVHL, whereas PETKM once again was the most sold, but this time by 6.10%, and followed by ISCTR and ODAS shares. As of print, the TRY is trading weaker against both the USD and the Euro at 32.31 and 34.97, respectively, while the DXY is relatively flat at 104.34. On the Bonds? side, both the 2yr and 10yr rates closed 0.22% and 0.82% lower to 45.59% and 26.71%, respectively. On the commodity front, Brent is trading slightly higher as of print at $85.70, and Ounce GOLD has also risen to $2195. Fed Governor Christopher Waller said on Wednesday, Recent disappointing inflation data affirms the case for the U.S. Federal Reserve to hold off on cutting its short-term interest rate target, adding ?"There is no rush to cut the policy rate" right now.?
AGENDA
On the local front, The MPC Summary Report, Economic Confidence Level, and Foreigners? Net STOCK/BOND Holding will be released. On the International side, ahead of tomorrow?s Easter Break, The US will be releasing the Weekly Jobless Claims, 4Q23 growth rate, Michigan Consumer Sentiment, and Pending Home Sales. Elsewhere, Germany will disclose its Retail Sales and Unemployment figures today.
FINANCIAL RESULTS
ALKIM: Disclosed an annual net income in 2023 of TRY 271.1mn, vs TRY 198.8mn, thus an increase of 36.3%. The EBITDA, however, fell by 48% to TRY 628mn from TRY 1.214bn. GOZDE: Disclosed an annual net loss in 2023 of TRY 8.81bn vs a net profit of TRY 218mn in 2022. EBITDA fell was also a loss of TRY -136mn from TRY -171mn İN 2022. NTGAZ: Disclosed an annual net profit in 2023 of TRY 96.5mn vs TRY 1.1bn in 2022, thus a retreat of 91%. EBITDA also fell by 57% y/y to TRY 699mn from TRY 1.64bn in 2022.
CORPORATE NEWS
SASA: Disclosed that it will increase its issued capital currently at TRY 5.321bn to TRY 42,573bn to fund all the increasing amount of TRY 37,25bn from the internal sources  to distribute all the new shares to be issued to the shareholders as bonus shares in proportion to their shares on the date of distribution  and to give 700% bonus shares to shareholders per share owned by them and to obtain necessary permissions for the capital increase. SISE: Disclosed that it bought back 1mn shares at an average cost of TRY 45.23.

Foreks Haber Merkezi ( [email protected] )
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