MORNING REPORT (TRIVE YATIRIM MENKUL DEGERLER ) MIDDLE EAST TENSION EXPECTED TO SOUR MARKETS ` THE BIST ONCE AGAIN HAD A RED CLOSING, ENDING THE DAY ON A RELATIVELY LESS FALL OF 0.06% TO 9525, BUT ON A DIMINISHING TURNOVER OF JUST TRY 85BN, WITH THE HIGH AND LOW LEVELS OBSERVED AT 9602 AND 9476, RESPECTIVELY. ` THE BANKS CONTINUED TO OUTPERFORM THEIR PEERS, RISING BY A FURTHER 1.93%, WHEREAS THE LIMIT-DOWN CLOSING OF EKGYO ALSO DRAGGED THE REIT INDEX NEARLY 2.5% LOWER AS WELL, AND THE SELLOFFS AT THE MINING STOCKS DUE TO THE UNCERTAINTY REGARDING WHEN (IF) THE FED STARTS TO CUT RATES, WEIGHED DOWN ON GOLD PRICES, THUS REFLECTING ON THE STOCKS AS WELL. ` AKBNK-PGSUS AND KRDMD WERE YESTERDAY`S MOST BOUGHT BIST30 STOCKS, AS OPPOSED TO EKGYO-BIMAS AND ALARK. ` TODAY, PARALLEL TO THE NEGATIVE TRADING IN THE ASIAN MARKETS DUE TO THE ONGOING TENSION IN THE MIDDLE EAST, WE EXPECT A NEGATIVE OPENING AT THE BIST. HOWEVER, WE MAY SEE MILITARY STOCKS, SUCH AS ASELS, DIVERGE POSITIVELY FROM ITS PEERS. ` AS OF PRINT, THE TRY IS TRADING WEAKER AGAINST BOT THE USD AND THE EURO AT 32.60 AND 34.66, RESPECTIVELY, WHILE THE DXY HAS RISEN TO 106.22. ` THE 2YR BOND CLOSED FLAT AT 45.49%, WHEREAS THE 10YR RATES ROSE BY 36BPS TO 28.31%. ` ON THE COMMODITY FRONT, BRENT HAS RISEN TO $88.10 DUE TO THE MIDDLE EAST TURMOIL, AND GOLD PRICES ARE ALSO HIGHER AT $2380. ` LAST WEEK, FOREIGN INVESTORS WERE NET BUYERS OF $363MN STOCKS, AND NET BUYERS OF $86MN BONDS. AGENDA ` ON THE LOCAL SIDE, THE BLOOMBERG ECONOMIC ESTIMATES SURVEY WILL BE RELEASED, WHILE GERMANY WILL BE RELEASING ITS MARCH PPI FIGURES ON THE INTERNATIONAL FRONT. FINANCIAL RESULTS ` ALARK: DISCLOSED AN ANNUAL NET INCOME IN 2023 OF TRY 6.63BN VS TRY 16.7BN IN 2022. EBITDA ALSO FELL TO TRY 52.6MN FROM TRY 1.18BN. ` SELGD: DISCLOSED AN ANNUAL NET INCOME IN 2023 OF TRY 40.3MN VS TRY 82.5MN IN 2022. EBITDA, HOWEVER, ROSE TO TRY 15.4MN FROM TRY 9.4MN. CORPORATE NEWS ` KCAER: DISCLOSED THAT IN ORDER TO ACCELERATE THE DEVELOPMENT OF THE COMPANY`S FOREIGN OPERATIONS AND ITS GLOBALIZATION EFFORTS, IT HAS BEEN DECIDED TO ESTABLISH A JOINT STOCK COMPANY WITH AN INITIAL CAPITAL OF 2,000,000.00 TL (TWO MILLION TURKISH LIRAS) AND TO PARTICIPATE IN THE COMPANY WITH A SHARE OF 99%, WITH THE AIM OF CONDUCTING THE TRADE OF ALL KINDS OF PRODUCTS, ESPECIALLY THE SUPPLY, DISTRIBUTION, AND FOREIGN TRADE OF IRON AND STEEL PRODUCTS, BOTH DOMESTICALLY AND INTERNATIONALLY, AND TO ACT AS A REPRESENTATIVE, DISTRIBUTOR, AND AGENT FOR ALL BUSINESS ACTIVITIES. ` TATGD: DISCLOSED THAT IT HAS DECIDED TO INVEST EUR 10 MILLION IN TOTAL IN THE SAUCE AND READY MEAL CATEGORIES, WHICH ALSO SUPPORT YEAR-ROUND CONTINUOUS PRODUCTION, UNTIL THE FIRST HALF OF 2025 WITH THE GROWTH OF CONSUMER DEMAND AT HOME AND ABROAD IN LINE WITH THE COMPANY`S STRATEGIC GOALS. THE INVESTMENTS IN QUESTION ARE FOR THE MACHINERY USED IN THE SAUCE AND READY MEAL CATEGORIES, AND IT IS AIMED TO INCREASE THE TOTAL PET BOTTLE (SAUCE) PRODUCTION CAPACITY AND READY MEAL PRODUCTION CAPACITY FROM 75 MILLION UNITS/YEAR TO 120 MILLION UNITS/YEAR AND 180 THOUSAND UNITS/DAY TO 230 THOUSAND UNITS/DAY RESPECTIVELY WITH THE INVESTMENTS TO BE MADE IN THIS CONTEXT. ` GLYHO: DISCLOSED THAT THE NUMBER OF CALLS AT GPH`S PORTS IN MAR 2024 WAS 26% HIGHER THAN MAR 2023 LEVEL, WHILE PASSENGER MOVEMENTS AT GPH PORTS IN MAR 2024 STANDALONE WAS 36% HIGHER THAN MAR 2023 LEVEL. AVERAGE OCCUPANCY RATE OF THE CRUISE SHIPS VISITING GPH`S PORTS WAS 110% IN FEB 2024. ` DOAS WILL DISTRIBUTE GROSS TRY 40.9 DIVIDENDS PER SHARE TODAY. TRIVE YATIRIM MENKUL DEGERLER A.S. HTTPS://WWW.TRIVE.COM.TR/ *** YASAL UYARI BURADA YER ALAN YATIRIM BILGI, YORUM VE TAVSIYELER YATIRIM DANISMANLIGI KAPSAMINDA DEGILDIR.YATIRIM DANISMANLIGI HIZMETI ARACI KURUMLAR, PORTFOY YONETIM SIRKETLERI, MEVDUAT KABUL ETMEYEN BANKALAR ILE MUSTERI ARASINDA IMZALANACAK YATIRIM DANISMANLIGI SOZLESMESI CERCEVESINDE SUNULMAKTADIR.BURADA YER ALAN YORUM VE TAVSIYELER, YORUM VE TAVSIYEDE BULUNANLARIN KISISEL GORUSLERINE DAYANMAKTADIR.BU GORUSLER MALI DURUMUNUZ ILE RISK VE GETIRI TERCIHLERINIZE UYGUN OLMAYABILIR.BU NEDENLE, SADECE BURADA YER ALAN BILGILERE DAYANILARAK YATIRIM KARARI VERILMESI BEKLENTILERINIZE UYGUN SONUCLAR DOGURMAYABILIR. 19.04.2024 09:12:51