BIM Birlesik Magazalar

Bim Birlesik Magazalar is engaged in operating retail stores through its retail shops throughout Turkey, which sell an assortment of approx. 600 items, including a number of private labels. Co.'s object is to offer consumers basic food items and consumer goods at discount prices with quality. Co.'s private labels provides its consumers with quality tasting sausage, salami and similar meat products while at the same time being suitable to the consumers family budget. Products include meat products, breakfast and dairy products, beverages, legumes and bakery, snacks and sweets, fruits and vegetables, frozen foods, and non-food items - cleaning supplies.
  • TickerBIMAS
  • ISINTREBIMM00018
  • ExchangeIstanbul Stock Exchange
  • SectorFood & Drug Retailers
  • CountryTurkey
Research Team

The Rear-View Mirror – EME markets: Rebound continues, all indices in the black on lower volumes

EME Equity Market – May 2020 Market performance – the rebound that started in April continued across the board, with the Romanian BET Index gaining the most in EUR terms (+8.9% mom). The MSCI EM Europe Index gained 6% in EUR terms and 7.5% in local currency; while the Romania BET Index grew 8.9% in EUR terms and 9.1% in RON terms, the best performer for the month. The MOEX Index added 7.5%, while the Polish WIG20 Index was up 6.6%. The Turkish benchmark, the ISE30 Index, added 4.5%, and the Greek ASE Index gained 3.9%, while the Hungarian BUX recorded an increase of 3.7%. The weakest performer...

Turkey - Main Takeaways from BIMAS Call

This analysis by GLOBAL Securities is presented to you by Raiffeisen Centrobank AG. Raiffeisen Centrobank AG acts solely as a distributor of this analysis and has not introduced any material changes to the content of this analysis or any recommendation included herein. BIMAS - Main Takeaways from BIMAS Call BIMAS management arranged a conference call on Friday in order to discuss 1Q20 results as well as the outlook for retail sector. BIMAS posted YoY stronger results in 1Q20 which also came in above both our estimate and the consensus. Note that its share price is up by 22% y-t-d, outpe...

Research Team

WOOD Daily: BIMAS TI; 11B PW; M RO; SNG RO; TEL RO; GPW PW; TELEC CP; NLBR SV; WINE RO; GSPARK HB; PETKM TI; KOFOL CP; DIGI RO; RU Macro; HTO GA; EL RO; JMT PL; CPS PW; CEZ CP; EAT PW; ANY HB

HEADLINES: • BIM: major 1Q20 beat on sales, e-commerce on the horizon POSITIVE • 11 bit studios: 1Q20 results - strong beat from top to bottom POSITIVE • MedLife: 1Q20 earnings beat on margin expansion POSITIVE • Romgaz: posts strong 1Q results POSITIVE • Transelectrica: 1Q20 results above expectations POSITIVE • Warsaw Stock Exchange: 1Q20 EBITDA up 30% yoy and 10% above market's expectations POSITIVE • O2 Czech Republic: strong 1Q20 results, with EBITDA up 7% yoy, in line with expectations NEUTRAL • NLB Group: 1Q20 results below, COR guidance reassuring • Purcari Wineries: 1Q20 results sli...

BIM BIRLESIK MAGZ.AS loses on its star level and is downgraded to Slightly Positive

The independent financial analyst theScreener just slightly lowered the general evaluation of BIM BIRLESIK MAGZ.AS (TR), active in the Food Retailers & Wholesalers industry. The title has lost a star(s) at the fundamental level and now shows 2 out of 4 stars. Its exposure to market risk remains nonetheless the same and can be still described as defensive. theScreener slightly downgrades the general evaluation to Slightly Positive for the title on account of the lost star(s). As of the analysis date May 8, 2020, the closing price was TRY 51.00 and its potential was estimated at TRY 60.51.

Research Team

WOOD Daily: GR Banks; MONET CP; FROTO TI; LPP PW; SAR GA; ULKER TI; GR Macro; TL Macro; GPW PW; TPE PW; European Natural Gas; KCEL KZ; WIZZ LN; EME Strategy – MSCI; WPL PW; CPS PW; ENJSA TI; BRD RO; MGROS TI; SOKM TI; OTP HB; BIMAS TI

HEADLINES: • Greek banks: groundhog day (Eurobank and NBG stay BUY, Alpha downgraded to HOLD, Piraeus stays HOLD) • MONETA Money Bank: posts solid 1Q20 and issues updated (and partial) 2020E guidance POSITIVE • Ford Otosan: 1Q20 results - 12% beat on EBITDA, but outlook revised down POSITIVE • LPP: preliminary 1Q EBIT loss of PLN 265m NEGATIVE • Sarantis: stellar 1Q20 performance POSITIVE • Ulker: 1Q20 results - operationally in line, miss on net profit NEUTRAL • Greece macro: faring better than most • Turkey macro: inflation update • Warsaw Stock Exchange: April trading update - strong vo...

1 director sold

A director at Bim Birlesik Magazala sold 21,217 shares at 83.350TRY and the significance rating of the trade was 64/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names o...

Research Team

The Rear-View Mirror – EME markets: Rebound continues, all indices in the black on lower volumes

EME Equity Market – May 2020 Market performance – the rebound that started in April continued across the board, with the Romanian BET Index gaining the most in EUR terms (+8.9% mom). The MSCI EM Europe Index gained 6% in EUR terms and 7.5% in local currency; while the Romania BET Index grew 8.9% in EUR terms and 9.1% in RON terms, the best performer for the month. The MOEX Index added 7.5%, while the Polish WIG20 Index was up 6.6%. The Turkish benchmark, the ISE30 Index, added 4.5%, and the Greek ASE Index gained 3.9%, while the Hungarian BUX recorded an increase of 3.7%. The weakest performer...

Turkey - Main Takeaways from BIMAS Call

This analysis by GLOBAL Securities is presented to you by Raiffeisen Centrobank AG. Raiffeisen Centrobank AG acts solely as a distributor of this analysis and has not introduced any material changes to the content of this analysis or any recommendation included herein. BIMAS - Main Takeaways from BIMAS Call BIMAS management arranged a conference call on Friday in order to discuss 1Q20 results as well as the outlook for retail sector. BIMAS posted YoY stronger results in 1Q20 which also came in above both our estimate and the consensus. Note that its share price is up by 22% y-t-d, outpe...

Research Team

The Rear-View Mirror – EME markets: Markets rebound from March’s meltdown, all indices in the black

EME Equity Market – April 2020 Market performance – in contrast to March, all indices recorded positive changes in April, with the Greek ASE Index advancing the most in EUR terms. The MSCI EM Europe Index gained 10.5% in EUR terms and 10.2% in local currency terms. The ASE Index was the best performer, +12.5%; followed by the PX Index, +11.5% in EUR terms. The Russian MOEX grew 11.2%; while the WIG20, the Polish benchmark, added 9.4%. A solid performance was reported in Hungary as well, where the BUX index rebounded 8.6%. The Turkish ISE30 Index showed a healthy advance of 5.4%, while the Roma...

Fani Tzioukalia ...
  • Gabriela Burdach
  • Jakub Mician
  • Lukasz Wachelko, CFA
  • Stefan Lungu, CFA

CEE Consumers: #stayathome (coverage universe update)

The development of the COVID-19 pandemic has changed the landscape for consumer names materially. While #stayathome is slowing down the contagion, it has infected the foundations of discretionary retailers severely. At the same time, the staples players have seen a sales boost, especially in the e-commerce space. Facing such a storm among the especially vulnerable players hurt by store lockdowns and carrying high leverage, we identify: AmRest, CCC, Kofola and Fourlis. On the other hand, FMCG distributors and manufacturers are the relative winners. However, taking into account share price perfo...

Research Team

The Rear-View Mirror – EME markets: BET Index the best performer, despite 16.7% drop

EME Equity Market – March 2020 Market performance – all stock indices in the region were down in March, with the BET the best performer in EUR terms (-16.7%). The MSCI Emerging Markets Europe Index lost 25.8% in EUR terms, while the Czech PX Index was down 24.8%. Other regional stock markets were not far behind, with the BUX Index losing 22.8% in EUR terms, followed by the ASE Index (-22.5% mom), the Russian MOEX (-22.4% mom), the Polish WIG20 (-18.5% mom) and the Turkish ISE30 (-19.8% mom). The best performance was seen in Romania, with the BET Index losing “only” 16.7%. In local currency ter...

Research Team

WOOD Daily: BIMAS TI; 11B PW; M RO; SNG RO; TEL RO; GPW PW; TELEC CP; NLBR SV; WINE RO; GSPARK HB; PETKM TI; KOFOL CP; DIGI RO; RU Macro; HTO GA; EL RO; JMT PL; CPS PW; CEZ CP; EAT PW; ANY HB

HEADLINES: • BIM: major 1Q20 beat on sales, e-commerce on the horizon POSITIVE • 11 bit studios: 1Q20 results - strong beat from top to bottom POSITIVE • MedLife: 1Q20 earnings beat on margin expansion POSITIVE • Romgaz: posts strong 1Q results POSITIVE • Transelectrica: 1Q20 results above expectations POSITIVE • Warsaw Stock Exchange: 1Q20 EBITDA up 30% yoy and 10% above market's expectations POSITIVE • O2 Czech Republic: strong 1Q20 results, with EBITDA up 7% yoy, in line with expectations NEUTRAL • NLB Group: 1Q20 results below, COR guidance reassuring • Purcari Wineries: 1Q20 results sli...

Research Team

WOOD Daily: GR Banks; MONET CP; FROTO TI; LPP PW; SAR GA; ULKER TI; GR Macro; TL Macro; GPW PW; TPE PW; European Natural Gas; KCEL KZ; WIZZ LN; EME Strategy – MSCI; WPL PW; CPS PW; ENJSA TI; BRD RO; MGROS TI; SOKM TI; OTP HB; BIMAS TI

HEADLINES: • Greek banks: groundhog day (Eurobank and NBG stay BUY, Alpha downgraded to HOLD, Piraeus stays HOLD) • MONETA Money Bank: posts solid 1Q20 and issues updated (and partial) 2020E guidance POSITIVE • Ford Otosan: 1Q20 results - 12% beat on EBITDA, but outlook revised down POSITIVE • LPP: preliminary 1Q EBIT loss of PLN 265m NEGATIVE • Sarantis: stellar 1Q20 performance POSITIVE • Ulker: 1Q20 results - operationally in line, miss on net profit NEUTRAL • Greece macro: faring better than most • Turkey macro: inflation update • Warsaw Stock Exchange: April trading update - strong vo...

Research Team

WOOD Daily: CEE Banks; CEE Consumers; GPW PW; MNOD LI; MOL HB; OMV AV; SNP RO; LPP PW; MOEX RX; SNN RO; CAI AV; RICHT HB

HEADLINES: • CEE banks: there are no winners, just survivors (coverage universe update) • CEE consumers: #stayathome (coverage universe update) • Warsaw Stock Exchange: 4Q19 EBIT misses consensus by 8% on higher-than-expected opex NEGATIVE • Norilsk Nickel: declares final dividend in line with expectations, and nominates new Board NEUTRAL • MOL: update on business conditions, dividend suspended • OMV: 1Q20 trading update • OMV Petrom: 1Q20 trading update • LPP: CEO expects stores to re-open in June NEUTRAL • Moscow Exchange: number of retail brokerage accounts in Russia up 7% mom in April...

Research Team

WOOD Daily: European refining margins, SAB1L LH, BIMAS TI, CIE PW, WPL PW

HEADLINES: • European refining and petrochemical margins: February 2020 NEUTRAL • Siauliu Bankas: conference call highlights - the stock remains cheap • BIM: 4Q19 results and FY20E guidance in line with expectations NEUTRAL • Ciech: takeaways from the management press conference NEUTRAL • Wirtualna Polska: acquires polygamia.pl, a gaming information portal NEUTRAL

Research Team

WOOD Daily: TCS LI; EU Energy; MGROS TI; RTKM RX; PETKM TI; EAT PW; TLV RO; SFG RO; CEZ CP; Rear-View Mirror; BIMAS TI; SOKM TI

HEADLINES: • TCS Group Holding: it's a bank. It's a fintech. No, it's Tinkoff (BUY - initiation of coverage) • European natural gas monthly: February 2020 NEGATIVE • Migros: 4Q19 and FY20E guidance broadly in line with expectations, leverage kept at 1.3x NEUTRAL • Rostelecom: 4Q19 results soft; strong 2020E guidance, with over 5% yoy EBITDA growth NEUTRAL • Petkim: 4Q19 results - weak quarter again • AmRest: takeaways from the 4Q19 conference call NEUTRAL • Banca Transilvania: conference call highlights • Sphera Franchise Group: additional dividend approved by shareholders NEUTRAL • CEZ: b...

BIM BIRLESIK MAGZ.AS loses on its star level and is downgraded to Slightly Positive

The independent financial analyst theScreener just slightly lowered the general evaluation of BIM BIRLESIK MAGZ.AS (TR), active in the Food Retailers & Wholesalers industry. The title has lost a star(s) at the fundamental level and now shows 2 out of 4 stars. Its exposure to market risk remains nonetheless the same and can be still described as defensive. theScreener slightly downgrades the general evaluation to Slightly Positive for the title on account of the lost star(s). As of the analysis date May 8, 2020, the closing price was TRY 51.00 and its potential was estimated at TRY 60.51.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

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