Akfen, Boyner, Denizbank, Sabanci, TAV: Turkey Stocks Preview

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 gained 727.19, or 1.3 percent, to 58,988.46 yesterday.

Akfen Holding AS (AKFEN TI): The Turkish builder and energy company and Tepe Insaat Sanayi AS, which together own 52 percent of airport operator TAV Havalimanlari Holding AS (TAVHL TI), hired Credit Suisse Group AG to assess strategic options for TAV including a possible sale, Akfen said in a statement to the exchange after the market close. The shares added 4 kurus, or 0.4 percent, to 9.30 liras. TAV was unchanged at 7.10 liras.

Boyner Buyuk Magazicilik AS (BOYNR TI): The department store chain targets 686 million liras ($369 million) in sales this year, Hurriyet newspaper said citing chief executive Asli Karadeniz, more than the average sales estimate of six analysts on Bloomberg of 644 million liras. The shares lost 3 kurus, or 1 percent, to 3.01 liras.

Denizbank AS (DENIZ TI): The Turkish unit of Dexia SA sold 135.6 million liras of non-performing loans for 17.5 million liras to debt collection agencies Standart Varlik Yonetimi AS and Efes Varlik Yonetimi AS, according to a statement to the exchange yesterday. The shares gained 12 kurus, or 1.4 percent, to 8.50 liras.

Haci Omer Sabanci Holding AS (SAHOL TI): Turkey’s state asset sales agency may offer the power grid on the Asian side of Istanbul to Enerjisa Enerji Uretim AS, the power company owned by Sabanci Holding and Austria’s Verbund AG, should Yildizlar SSS Holding AS fail to pay the collateral needed to secure purchase rights by today’s deadline, Vatan reported yesterday, without saying how it got the information.

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