Anadolu Cam, Celebi, Trakya Cam: Turkey Equity Market Preview
The following stocks may be active in Turkey. Symbols are in parentheses and prices are from the last close.
Turkey’s benchmark ISE National 100 index (XU100) rose 376.40, or 0.6 percent, to 64,215.67 yesterday.
Anadolu Cam Sanayii AS (ANACM) : The Turkish maker of industrial flat glass and glass containers, said full-year net income surged to 102.1 million liras ($65 million) from 15.6 million liras in 2009, according to a statement to the Istanbul Stock Exchange after the market closed yesterday. The 2010 profit exceeded an average estimate of 89.8 million liras by 16 analysts surveyed by Bloomberg. Anadolu Cam was unchanged at 3.18 liras.
Anadolu Efes Biracilik & Malt Sanayii AS (AEFES TI): Turkey’s biggest brewer was rated “buy” in new coverage at BGC Partners by research analyst Ezgi Ozturk, according to an e- mailed report today. The price estimate is 29.15 liras, it said. Anadolu Efes climbed 35 kurus, or 1.6 percent, to 21.85 liras.
Celebi Hava Servisi AS (CLEBI) : A 22.6 percent stake in the Turkish airport ground services company will be taken over by an equal partnership between Celebi’s parent company and Dubai’s Abraaj Investment Management Limited, according to a statement filed to the bourse yesterday. Celebi Hava Servisi gained 50 kurus, or 2.1 percent, to 24.80 liras.
Coca-Cola Icecek AS (CCOLA) : The Turkish bottler of coke drinks was rated ‘buy’ in new coverage at BGC Partners, with a 12-month price estimate of 22.15 liras, according to an e-mailed report today. Coca-Cola Icecek advanced 10 kurus, or 0.6 percent, to 17 liras.
Trakya Cam Sanayii AS (TRKCM TI): The Turkish maker of flat and motor vehicle glass said full-year net income jumped to 211 million liras ($134 million) from 62.2 million liras in 2009, in a statement to the bourse after the market closed yesterday. The company’s 2010 profit exceeded an average estimate of 192 million liras in a Bloomberg survey of 16 analysts. Trakya Cam rose 4 kurus, or 1.3 percent, to 3.21 liras.
To contact the reporter on this story: Aydan Eksin in Istanbul at aeksin@bloomberg.net
To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net
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