BIST 100 Index Special Share Recommendations

We have compiled the stock opinions prepared by experienced analysts of the BIST 100 index for you.

Arçelik Stock Recommendation; Vakıf Investment

Arçelik posted a net profit of TRY259 mn in the second quarter of the year, down 51% yoy, below expectations. Although we saw strong year-on-year growth in consolidated revenues, margins deteriorated in this quarter due to cost increases. Arçelik revised its consolidated revenue growth guidance for 2022 upwards and EBITDA margin guidance downwards with the financials. Although the company's shares have partially priced in the financials with 11% negative divergence from the index in the last month before the financials, the market reaction to the results is expected to be slightly negative, while the price target per share for Arçelik has been revised to 74.25 TRY (previous: 77.90 TRY). Short-term "Index Parallel Return" and long-term "HOLD" recommendation was noted.

Halkbank Stock

Market experts underline that 2022 will be a year in which the wounds in terms of profitability will be healed very quickly for Halkbank, especially with the very strong contribution from the CPEX portfolio and the effect of margins recovering with the rapid increase in credit spreads. After 2020, if a credit growth cycle is not entered as seen in the pandemic process, it is thought that the newly placed capital in the bank will both correct the capital adequacy ratios and put the operational profitability on a new and strong ground, while it is estimated that some of the very strong profit increase will be directed to strengthening the provisions item, which has been very weak in the past two years. Although the experts come with a HOLD recommendation for now, positive developments in relations with the US may pull this risk premium down.

Yapı Kredi Bank Share Recommendation Deniz Yatırım

Yapı Kredi Bank (YKB) announced a net profit of TRY11.922 million in its 2Q22 unconsolidated financials. Market expectations were 10,657 million TRY while experts' expectations were 10,595 million TRY. While the bank's net profit figure increased by 64% compared to the previous period, it increased more than five times compared to the same period last year and the return on equity for the period was realized as 55.3%. Experts maintained their BUY recommendation for Yapı Kredi Bank and updated their target price per share to 7.40 TL.

What are BIST 100 Shares?

The BIST 100 index is defined as the basic indicators used to measure the performance of the 100 stocks with the highest market capitalization and trading volume traded on Borsa Istanbul. The trading code of the BIST 100 index, which is also accepted as the indicator of the Turkish stock market: XU100. The BIST 100 index, one of the most popular indices of Borsa Istanbul, is known as an index that is carefully followed by all major investors. The biggest reason for this is that the fall and rise comments of the stock market are recorded taking into account the BIST 100 index. To summarize, the target stock of these 100 companies shows the overall performance of the stock market.

What are BIST 30 Stocks?

The BIST 30 Index is an index that measures the performance of the stocks of the 30 companies traded on Borsa Istanbul with the highest trading volume and market capitalization. The stocks included in the BIST 30 index are also included in the BIST 50 and BIST 100 indices. The investment information, comments and recommendations in this article do not constitute investment advice. Investment advisory services are provided individually, taking into account the risk and return preferences of individuals. The content contained herein is in no way directive and the recommendations are general in nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in accordance with your expectations.