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Aygaz, Dogus Oto, Migros, Sinpas: 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 959.78, or 1.4 percent, to 68,649.24 yesterday.

Aygaz AS (AYGAZ) : The Turkish distributor of liquefied petroleum gas had its price estimate raised to 11.9 liras from 9.15 liras at HSBC Holdings Plc, according to a report today. Aygaz fell 35 kurus, or 3.5 percent, to 9.7 liras.

Dogus Otomotiv Servis & Ticaret AS (DOAS TI): The seller of Volkswagen AG cars in Turkey said net income last year jumped to 149.3 million liras ($99 million) from 30.5 million liras in 2009, according to a statement to the Istanbul Stock Exchange after the market closed yesterday. Profit missed the average estimate of 167 million liras in a Bloomberg survey of 15 analysts. Dogus Oto gained 10 kurus, or 1.7 percent, to 6.12 liras.

Migros Ticaret AS (MGROS) : The supermarket chain said London-based private equity firm BC Partners Holdings Ltd. plans to sell as much as a 17.4 percent stake in Migros. JPMorgan Chase & Co. and Merrill Lynch & Co. Inc. were hired yesterday to find potential buyers for as many as 31 million shares, Migros Ticaret said in a filing with the bourse today. BC Partners owns Migros via unit MH Perakendecilik & Ticaret AS. Migros was unchanged at 35.1 liras.

Sinpas Gayrimenkul Yatirim Ortakligi AS (SNGYO) : The Turkish real-estate company returned to a net income of 61 million liras last year, from a loss of 18.1 million liras in 2009, missing an average estimate of 118.7 million liras in a Bloomberg survey of 14 analysts. Sinpas GYO plans to distribute 30 million liras in gross dividends, it said in a separate statement yesterday. Sinpas rose 2 kurus, or 0.9 percent, to 2.17 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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