Goodyear, Koc Holding, Petkim: Turkish 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 rose 685.39, or 1.1 percent, to 63,169.22 yesterday.

Goodyear Lastikleri TAS (GOODY TI): The Turkish unit of Goodyear Tire & Rubber Co., said net income last year jumped to 13.8 million liras from 1.1 million liras in 2009, according to a statement to the bourse after the market closed yesterday. Goodyear Lastikleri dropped 50 kurus, or 1.5 percent, to 32.30 liras.

Koc Holding AS (KCHOL TI): Turkey’s biggest industrial group is expected to say net income last year climbed to 1.86 billion liras from 1.43 billion liras in 2009, according to the average estimate of 12 analysts questioned by Bloomberg. Koc is due to report 2010 earnings later today.

Petkim Petrokimya Holding AS (PETKM TI): The country’s largest chemicals maker may say net income last year rose to 127.1 million liras from 114 million liras in 2009, the average estimate in a Bloomberg survey of nine analysts showed. Petkim may report full-year earnings today.

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