StrategyTurkey Index

Turkey Index

basketname	weekch	monthch	ytdch	yearch
Turkey Index	0.77	6.76	29.67	-1.32

Select Equity Indexes Yields

name	weekch	monthch	ytdch	yearch
Russian Trading System Cash Index	3.54	12.85	26.89	-6.91
S&P 500 Index	-0.75	1.90	1.56	-0.47
Hong Kong Hang Seng Index	-1.51	3.83	-3.64	-24.94
Ibovespa Brasil Sao Paulo Stock Exchange Index	1.27	6.83	25.29	-3.41
S&P BSE SENSEX Index	-0.75	3.17	-1.68	-5.00

Best Stocks 1m in USD %ch

Name	ChngePct	Country
Eregli Demir ve Celik Fabrikalari TAS (EREGL:TI)	14.22
Turkiye Garanti Bankasi AS (GARAN:TI)	12.55
Akbank TAS (AKBNK:TI)	12.20
Turkiye Vakiflar Bankasi TAO (VAKBN:TI)	12.18
Coca-Cola Icecek AS (CCOLA:TI)	10.91
Turkiye Sise ve Cam Fabrikalari AS (SISE:TI)	10.86
Emlak Konut Gayrimenkul Yatirim Ortakligi AS (EKGYO:TI)	10.70
Yapi ve Kredi Bankasi AS (YKBNK:TI)	10.27
Turkiye Is Bankasi (ISCTR:TI)	9.80
Anadolu Efes Biracilik Ve Malt Sanayii AS (AEFES:TI)	9.36

Worst Stocks 1m in USD %

Name	ChngePct	Country
Turk Hava Yollari AO (THYAO:TI)	-8.21
TAV Havalimanlari Holding AS (TAVHL:TI)	-0.15
Tofas Turk Otomobil Fabrikasi AS (TOASO:TI)	1.42
Enka Insaat ve Sanayi AS (ENKAI:TI)	2.56
BIM Birlesik Magazalar AS (BIMAS:TI)	2.59
Tupras Turkiye Petrol Rafinerileri AS (TUPRS:TI)	3.03
Arcelik AS (ARCLK:TI)	3.82
Turk Telekomunikasyon AS (TTKOM:TI)	3.97
Koza Altin Isletmeleri AS (KOZAL:TI)	4.89
Ford Otomotiv Sanayi AS (FROTO:TI)	5.17

Best Stocks YTD in USD %

Name	ChngePct	Country
Koza Altin Isletmeleri AS (KOZAL:TI)	65.72
Eregli Demir ve Celik Fabrikalari TAS (EREGL:TI)	64.88
Arcelik AS (ARCLK:TI)	46.29
KOC Holding AS (KCHOL:TI)	45.72
Akbank TAS (AKBNK:TI)	39.21
Yapi ve Kredi Bankasi AS (YKBNK:TI)	38.91
Turkiye Vakiflar Bankasi TAO (VAKBN:TI)	37.67
Haci Omer Sabanci Holding AS (SAHOL:TI)	34.68
Ford Otomotiv Sanayi AS (FROTO:TI)	33.11
Turk Telekomunikasyon AS (TTKOM:TI)	32.29

Worst Stocks YTD in USD %

Name	ChngePct	Country
Turk Hava Yollari AO (THYAO:TI)	0.99
TAV Havalimanlari Holding AS (TAVHL:TI)	1.92
Turkiye Halk Bankasi AS (HALKB:TI)	12.29
Coca-Cola Icecek AS (CCOLA:TI)	13.16
Turkiye Is Bankasi (ISCTR:TI)	17.55
Tupras Turkiye Petrol Rafinerileri AS (TUPRS:TI)	18.47
Enka Insaat ve Sanayi AS (ENKAI:TI)	21.48
Emlak Konut Gayrimenkul Yatirim Ortakligi AS (EKGYO:TI)	23.36
Anadolu Efes Biracilik Ve Malt Sanayii AS (AEFES:TI)	24.27
BIM Birlesik Magazalar AS (BIMAS:TI)	26.72

Turkey Index Stock News

Turkey Index

By: Research Team

Comment

Best last week among stocks was Turkiye Sise ve Cam Fabrikalari AS (SISE:TI) +7.69%, Turkiye Garanti Bankasi AS (GARAN:TI) +5.64%, Coca-Cola Icecek AS (CCOLA:TI) +4.56%,

While worst last week among stocks was Tofas Turk Otomobil Fabrikasi AS (TOASO:TI) -5.76%, Ford Otomotiv Sanayi AS (FROTO:TI) -4.64%, Eregli Demir ve Celik Fabrikalari TAS (EREGL:TI) -3.47%,

Best last month among stocks was Eregli Demir ve Celik Fabrikalari TAS (EREGL:TI) +14.22%, Turkiye Garanti Bankasi AS (GARAN:TI) +12.55%, Akbank TAS (AKBNK:TI) +12.20%,

While worst last month among stocks was Turk Hava Yollari AO (THYAO:TI) -8.21%, TAV Havalimanlari Holding AS (TAVHL:TI) -0.15%, Tofas Turk Otomobil Fabrikasi AS (TOASO:TI) 1.42%,

Best YTD among stocks was Koza Altin Isletmeleri AS (KOZAL:TI) +65.72%, Eregli Demir ve Celik Fabrikalari TAS (EREGL:TI) +64.88%, Arcelik AS (ARCLK:TI) +46.29%,

While worst YTD among stocks was Turk Hava Yollari AO (THYAO:TI) 0.99%, TAV Havalimanlari Holding AS (TAVHL:TI) 1.92%, Turkiye Halk Bankasi AS (HALKB:TI) 12.29%,

This index is the standard symmetrical index of investible Turkey stocks

Country Composition

country	Weight %
	100.00

Sector Composition

Industry	Weight %
Banks	29.17
Automobiles	8.33
Refining & Marketing	8.33
Telecom Carriers	8.33
Beverages	8.33
Non Wood Building Materials	4.17
Food & Drug Stores	4.17
Steel Producers	4.17
Real Estate Services	4.17
Power Generation	4.17
Airlines	4.17
Transport Support Services	4.17
Precious Metal Mining	4.17
Home Improvement	4.17

Key Basket Multiples

Stocks	Total MCap US mn	Payout Ratio	Div Yield	PE	NetMargin	1yr Return
24	147956.7	27.0	2.7	11.79	11.87	6.3

Results

value	stock	Country	Industry	MCap US mn	DividendYield	PE	PS	NetMarginPct	PayoutRatio	52wkchange	Score
Tofas Turk Otomobil Fabrikasi AS	TOASO:TI		Automobiles	3940.62	3.30%	13.30	1.09	8.20	43.89	38.48	71.62
Turkiye Sise ve Cam Fabrikalari AS	SISE:TI		Non Wood Building Materials	2644.53	3.37%	10.87	1.06	9.75	36.63	28.78	58.65
BIM Birlesik Magazalar AS	BIMAS:TI		Food & Drug Stores	6657.41	1.62%	32.07	1.07	3.34	51.95	25.73	43.31
Tupras Turkiye Petrol Rafinerileri AS	TUPRS:TI		Refining & Marketing	6583.01	8.80%	7.25	0.50	6.90	63.80	23.29	81.09
Ford Otomotiv Sanayi AS	FROTO:TI		Automobiles	4696.71	5.32%	16.20	0.76	4.69	86.18	18.29	87.32
KOC Holding AS	KCHOL:TI		Refining & Marketing	13206.61	1.99%	10.40	0.53	5.10	20.70	17.46	27.21
Eregli Demir ve Celik Fabrikalari TAS	EREGL:TI		Steel Producers	5818.38	6.42%	17.16	1.41	8.22	110.17	13.03	108.60
Akbank TAS	AKBNK:TI		Banks	12245.48	1.74%	9.78	1.67	17.08	17.02	12.07	30.74
Haci Omer Sabanci Holding AS	SAHOL:TI		Banks	7335.90	1.49%	9.60	0.69	7.19	14.30	4.84	11.09
Turkiye Vakiflar Bankasi TAO	VAKBN:TI		Banks	4396.27	0.81%	6.68	0.70	10.48	5.41	4.73	8.29
Turkiye Garanti Bankasi AS	GARAN:TI		Banks	12887.65	1.57%	9.83	1.48	15.06	15.43	2.82	17.84
Yapi ve Kredi Bankasi AS	YKBNK:TI		Banks	6622.88	-	9.95	0.93	9.35	-0.00	2.06	-4.19
Turkcell Iletisim Hizmetleri AS	TCELL:TI		Telecom Carriers	9476.01	1.50%	10.68	2.05	19.19	16.02	1.60	20.49
Emlak Konut Gayrimenkul Yatirim Ortakligi AS	EKGYO:TI		Real Estate Services	4071.62	3.21%	11.53	6.40	55.51	37.01	0.52	75.87
Anadolu Efes Biracilik Ve Malt Sanayii AS	AEFES:TI		Beverages	4636.91	1.11%	-	1.28	0.00	-0.00	-0.42	-6.06
Turk Telekomunikasyon AS	TTKOM:TI		Telecom Carriers	8422.33	3.55%	18.36	1.59	8.66	65.18	-1.65	48.18
Enka Insaat ve Sanayi AS	ENKAI:TI		Power Generation	6920.12	1.65%	13.33	1.57	11.78	21.99	-3.15	11.65
Coca-Cola Icecek AS	CCOLA:TI		Beverages	3716.00	0.29%	89.86	1.55	1.72	26.06	-8.48	-76.21
Turkiye Is Bankasi	ISCTR:TI		Banks	7882.67	3.49%	6.63	0.73	11.01	23.14	-15.00	6.88
Turkiye Halk Bankasi AS	HALKB:TI		Banks	4783.57	1.72%	6.07	0.79	13.01	10.44	-18.69	-6.95
Turk Hava Yollari AO	THYAO:TI		Airlines	3389.58	-	3.18	0.33	10.38	-0.00	-21.68	-20.12
TAV Havalimanlari Holding AS	TAVHL:TI		Transport Support Services	2109.14	5.87%	9.94	1.89	19.01	58.35	-23.17	38.61
Koza Altin Isletmeleri AS	KOZAL:TI		Precious Metal Mining	993.52	-	6.88	3.69	53.63	-0.00	-33.31	7.79
Arcelik AS	ARCLK:TI		Home Improvement	4519.79	2.06%	14.03	0.86	6.13	28.90	32.18	47.53

Index Sector Valuations vs GEM Average

Sector	Sector MCap US mn	Sector MCap Share in Total	Gem Sector Share In Total GEM	GEM Sector MCAP USmn	Payout Ratio	GEM Payout Ratio	Div Yield	GEM Div Yield	PE	PEGEM	PE Discount vs GEM	NetMargin	NetMarginGEM	Margin Diff. vs GEM	1yr Return	GEM 1yr Return
Communications	17898.3	12.1	10.3	794505.8	39.2	43.3	2.5	3.2	14.3	18.2	-21.4	14.2	13.6	-0.6	0.1	-0.7
Consumer Discretionary	16546.7	11.2	6.6	509681.0	42.8	27.0	3.6	2.0	12.2	16.4	-25.6	7.1	9.6	2.5	18.7	3.1
Consumer Staples	15010.3	10.1	7.5	584775.3	29.5	38.0	1.1	1.8	32.1	28.2	13.8	2.8	10.3	7.5	9.2	12.3
Energy	19789.6	13.4	12.6	973390.4	35.0	40.8	4.3	4.4	9.4	12.4	-24.2	5.7	9.7	4.0	19.4	-21.0
Financials	60226.0	40.7	32.8	2543065.7	15.3	26.0	2.0	4.0	9.0	8.8	2.3	15.6	20.4	4.8	0.8	3.2
Industrials	2109.1	1.4	5.8	453138.2	58.3	23.4	5.9	1.8	9.9	18.6	-46.8	19.0	11.4	-7.6	-23.2	22.9
Materials	9456.4	6.4	7.6	590209.4	26.6	27.5	5.5	3.1	14.3	18.1	-21.0	13.4	9.8	-3.6	12.6	-0.1
Utilities	6920.1	4.7	3.7	288099.0	22.0	32.2	1.7	3.1	13.3	12.4	7.3	11.8	13.4	1.6	-3.1	-5.6

Top 5 Turkey Index Long Picks

value	stock	Country	Industry	MCapUSDmn	DividendYield	PE	PS	NetMarginPct	PayoutRatio	52wkchange	Score
Eregli Demir ve Celik Fabrikalari TAS	EREGL:TI		Steel Producers	5818.38	6.42%	17.16	1.41	8.22	110.17	13.03	108.60
Ford Otomotiv Sanayi AS	FROTO:TI		Automobiles	4696.71	5.32%	16.20	0.76	4.69	86.18	18.29	87.32
Tupras Turkiye Petrol Rafinerileri AS	TUPRS:TI		Refining & Marketing	6583.01	8.80%	7.25	0.50	6.90	63.80	23.29	81.09
Emlak Konut Gayrimenkul Yatirim Ortakligi AS	EKGYO:TI		Real Estate Services	4071.62	3.21%	11.53	6.40	55.51	37.01	0.52	75.87
Tofas Turk Otomobil Fabrikasi AS	TOASO:TI		Automobiles	3940.62	3.30%	13.30	1.09	8.20	43.89	38.48	71.62

Top 5 Turkey Index Short Picks

value	stock	Country	Industry	MCapUSDmn	DividendYield	PE	PS	NetMarginPct	PayoutRatio	52wkchange	Score
Coca-Cola Icecek AS	CCOLA:TI		Beverages	3716.00	0.29%	89.86	1.55	1.72	26.06	-8.48	-76.21
Turk Hava Yollari AO	THYAO:TI		Airlines	3389.58	-	3.18	0.33	10.38	-0.00	-21.68	-20.12
Turkiye Halk Bankasi AS	HALKB:TI		Banks	4783.57	1.72%	6.07	0.79	13.01	10.44	-18.69	-6.95
Anadolu Efes Biracilik Ve Malt Sanayii AS	AEFES:TI		Beverages	4636.91	1.11%	-	1.28	0.00	-0.00	-0.42	-6.06
Yapi ve Kredi Bankasi AS	YKBNK:TI		Banks	6622.88	-	9.95	0.93	9.35	-0.00	2.06	-4.19

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Top 10 Turkey Focused Funds by Inflows Last Week

Fund Name	fund flow mn$	Total Assets mn$
WILLERFUNDS - WILLEREQUITY RUSSIA AND EASTERN EUROPE - P USD (WILCEEA)	0.3	18.6
ISTANBUL SILVER TYPE B EXCHANGE TRADED FUND (GMSTR)	0.0	2.7

Top 10 Turkey Focused Funds by Outflow Last Week

Fund Name	fund flow mn$	Total Assets mn$
ISTANBUL SILVER TYPE B EXCHANGE TRADED FUND (GMSTR)	0.0	2.7
WILLERFUNDS - WILLEREQUITY RUSSIA AND EASTERN EUROPE - P USD (WILCEEA)	0.3	18.6

Turkey Index

Select Equity Indexes Yields

Turkey Index Stock News

KOC Holding AS

Koza Altin Isletmeleri AS

Turk Telekomunikasyon AS

Turkcell Iletisim Hizmetleri AS

BIM Birlesik Magazalar AS

Tupras Turkiye Petrol Rafinerileri AS

Yapi ve Kredi Bankasi AS

Turkiye Is Bankasi

Enka Insaat ve Sanayi AS

Turkiye Garanti Bankasi AS

Turk Hava Yollari AO

TAV Havalimanlari Holding AS

Haci Omer Sabanci Holding AS

Eregli Demir ve Celik Fabrikalari TAS

Akbank TAS

Coca-Cola Icecek AS

Ford Otomotiv Sanayi AS

Turkiye Halk Bankasi AS

Anadolu Efes Biracilik Ve Malt Sanayii AS

Turkiye Sise ve Cam Fabrikalari AS

Turkiye Vakiflar Bankasi TAO

Emlak Konut Gayrimenkul Yatirim Ortakligi AS

Tofas Turk Otomobil Fabrikasi AS

Arcelik AS

Turkey Index

Comment

This index is the standard symmetrical index of investible Turkey stocks

Country Composition

Sector Composition

Key Basket Multiples

Results

Index Sector Valuations vs GEM Average

Top 5 Turkey Index Long Picks

Top 5 Turkey Index Short Picks

Turkey Index MidLincoln.com