Turkey – Taking Stock in Times of Change (Undervalued Shares)

Good overview about Turkey, but I had to add all the links below…:

• Surprisingly, it’s also one of the most liquid emerging markets there is.
  Turkish Airlines is the world’s most actively traded emerging market stock. 
  Plus, the Turkish market made impressive gains in 2022 – up 110% in dollar terms!
  Turkey has major elections coming up in May 2023, which could be a game changer for the market. 
• Not many investors would know which Turkish companies to buy stock in, other than Turkish Airlines, which nowadays trades under its Turkish name, Türk Hava Yolları (ISIN TRATHYAO91M5 and US90010R1095, IST: THYAO).One stock that I regularly spot in portfolios of emerging market fund managers is Şişecam Group (ISIN TRASISEW91Q3, IST: SISE), the world’s third largest producer of glassware. The company is heavy on exports, which is why it counts as one of the biggest beneficiaries of the devaluing lira.
  • Koç Holding (ISIN TRAKCHOL91Q8, IST: KCHOL), Turkey’s largest industrial and services group that single-handedly controls 6.4% of Turkish GDP. It commands 20% of the market cap of the Istanbul stock exchange.
  • Anadolu Efes (ISIN TRAAEFES91A9, IST: AEFES), Europe’s fifth largest brewer and among the world’s tenth largest brewers by production volume.
  • Arçelik (ISIN TRAARCLK91H5, IST: ARCLK), the leading household appliances producer in Turkey with a domestic market share of >50%, and the third largest white goods player in Europe.
  • BİM (ISIN TREBIMM00018, IST: BIMAS), the pioneer of discount stores and supermarkets in Turkey.
  • Coca-Cola İçecek (ISIN TRECOLA00011, IST: CCOLA), the sixth largest Coca Cola bottler in the world (!) in terms of sales volume. The company sells not just in Turkey but also in Pakistan, Kazakhstan, Azerbaijan, Iraq, Jordan, Kyrgyzstan, Syria, Tajikistan and Turkmenistan.

Source: Turkey – Taking Stock in Times of Change (Undervalued Shares)

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