Halkbank, Sekerbank, Vakifbank, Torunlar: Turkey Stocks Preview
Stock Chart for Sekerbank TAS (SKBNK)
The following stocks may be active in the Turkish market. Symbols are in parentheses and prices are from the last close.
Istanbul’s benchmark ISE National 100 Index (XU100) rose 964.98, or 1.8 percent, to 55,019.78 yesterday.
Sekerbank TAS (SKBNK) : The bank was cut to “hold” from “buy” and its price estimate lowered to 0.84 lira from 2.65 liras at ING, which said “asset quality deterioration” would be the biggest risk, potentially reducing earnings. The shares were unchanged at 85 kurus.
Torunlar Gayrimenkul Yatirim Ortakligi AS (TRGYO) : The real estate investment company was rated new “overweight” at HSBC by equity analyst Levent Bayar with a price estimate of 7.40 liras per share. Shares gained 16 kurus, or 3.3 percent, to 5.01 liras.
Turkiye Halk Bankasi AS (HALKB) : The state-run bank was upgraded to “buy” from “hold” at ING Groep NV, which said the country’s banking industry “stands out from the crowd” in the region. The shares jumped 50 kurus, or 4.7 percent, to 11.15 liras.
Turkiye Vakiflar Bankasi TAO (VAKBN) , another state-run bank, was also upgraded to “buy.” The shares gained 11 kurus, or 3.4 percent, to 3.32 liras.
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