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

BIM Birlesik Magazalar: 2 directors

A director at BIM Birlesik Magazalar bought 100,000 shares at 67.660TRY and the significance rating of the trade was 67/100. 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 nam...

BIM BIRLESIK MAGAZALAR sees an upgrade to Positive due to a better fun...

The general evaluation of BIM BIRLESIK MAGAZALAR (TR), a company active in the Food Retailers & Wholesalers industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date March 12, 2021, the closing price was TRY 71.25 and its potential was estimated at TRY 81.32.

Research Team
  • Research Team
BIMAS BIM Birlesik Ma... (Construction & Materials)
CAR INTER CARS S.A. (Automobiles & Parts) ... (+7)

WOOD Daily: PL Banks; TRP RO; SNN RO; CAR PW; BIMAS TI; RTKM RX; MPARK...

HEADLINES: • Polish banks: ZBP publishes slightly different estimates for CHF mortgage portfolio conversion costs • TeraPlast: proposes RON 0.13 special dividend, 24% dividend yield on 8 March closing price • Nuclearelectrica: strategy for continuing Units 3 and 4 project • Inter Cars: February sales +22% yoy - both foreign and domestic markets strong again POSITIVE • BIM: takeaways from the 4Q call NEUTRAL • Rostelecom: key takeaways from the 4Q20 earnings call NEUTRAL • MLP Care: conference call highlights POSITIVE • Siauliu Bankas: conference call highlights • Kofola: coverage discontin...

BIMAS BIM Birlesik Ma... (Construction & Materials)
CAR INTER CARS S.A. (Automobiles & Parts)
RTKM ROSTELECOM (Health Care)
SAB1L SIAULIU BANKAS (Retail)
TRP TERAPLAST (Telecommunications)
SNN Societatea Nati... (Utilities)
MPARK MLP Saglik Hizm... (Banks)
Atinc Ozkan ... (+5)
  • Atinc Ozkan
  • Raffaella Tenconi
  • Lukasz Wachelko
  • CFA
  • Jakub Mician
BIMAS BIM Birlesik Ma... (Food & Beverage)
AEFES Anadolu Efes Bi... (Construction & Materials) ... (+7)

Turkey Strategy: Drought risk – view on potential implications

Given the recently intensified newsflow (and the Turkish authorities’ statements) on the extremely dry weather conditions in Turkey and the alarming decline in water reservoir levels across the country, in this report, we try to provide an initial assessment of the potential risks from a prolonged drought hazard at the stock and macro levels in 2021E. Our focus is food price inflation, and the implications for consumer staples and brewers (Ulker, CCI, Anadolu Efes) and food retailers (Migros, BIM, SOK Marketler Ticaret), as well as the impact of drought on Tekfen Holding’s fertiliser business ...

Lukasz Wachelko ... (+3)
  • Lukasz Wachelko
  • CFA
  • Jakub Mician

Turkish Food Retail: Is the stocking-up over? (BIM, Migros stay BUY, S...

We take profits after the rally, downgrading SOK (PT TRY 13.5) to HOLD, while maintaining our BUY ratings for BIM (PT TRY 80.7) and Migros (PT TRY 57.9). Since the outbreak of the pandemic, in early- March, Turkish food retailers have gained 60%, on average, supported by the flow of local money to both the food and stock markets. In 1Q20, the stocking-up effect fuelled average headline EBITDA growth of 47% for the sector. For 2Q20E, we expect the food retailers to remain relative winners, with continuing EBITDA expansion at a solid 20%. We also believe that the spike in local fund flows has co...

BIM Birlesik Magazalar: 2 directors

A director at BIM Birlesik Magazalar bought 100,000 shares at 67.660TRY and the significance rating of the trade was 67/100. 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 nam...

BIM BIRLESIK MAGAZALAR sees an upgrade to Positive due to a better fun...

The general evaluation of BIM BIRLESIK MAGAZALAR (TR), a company active in the Food Retailers & Wholesalers industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date March 12, 2021, the closing price was TRY 71.25 and its potential was estimated at TRY 81.32.

Research Team
  • Research Team
BIMAS BIM Birlesik Ma... (Construction & Materials)
CAR INTER CARS S.A. (Automobiles & Parts) ... (+7)

WOOD Daily: PL Banks; TRP RO; SNN RO; CAR PW; BIMAS TI; RTKM RX; MPARK...

HEADLINES: • Polish banks: ZBP publishes slightly different estimates for CHF mortgage portfolio conversion costs • TeraPlast: proposes RON 0.13 special dividend, 24% dividend yield on 8 March closing price • Nuclearelectrica: strategy for continuing Units 3 and 4 project • Inter Cars: February sales +22% yoy - both foreign and domestic markets strong again POSITIVE • BIM: takeaways from the 4Q call NEUTRAL • Rostelecom: key takeaways from the 4Q20 earnings call NEUTRAL • MLP Care: conference call highlights POSITIVE • Siauliu Bankas: conference call highlights • Kofola: coverage discontin...

BIMAS BIM Birlesik Ma... (Construction & Materials)
CAR INTER CARS S.A. (Automobiles & Parts)
RTKM ROSTELECOM (Health Care)
SAB1L SIAULIU BANKAS (Retail)
TRP TERAPLAST (Telecommunications)
SNN Societatea Nati... (Utilities)
MPARK MLP Saglik Hizm... (Banks)
Atinc Ozkan ... (+5)
  • Atinc Ozkan
  • Raffaella Tenconi
  • Lukasz Wachelko
  • CFA
  • Jakub Mician
BIMAS BIM Birlesik Ma... (Food & Beverage)
AEFES Anadolu Efes Bi... (Construction & Materials) ... (+7)

Turkey Strategy: Drought risk – view on potential implications

Given the recently intensified newsflow (and the Turkish authorities’ statements) on the extremely dry weather conditions in Turkey and the alarming decline in water reservoir levels across the country, in this report, we try to provide an initial assessment of the potential risks from a prolonged drought hazard at the stock and macro levels in 2021E. Our focus is food price inflation, and the implications for consumer staples and brewers (Ulker, CCI, Anadolu Efes) and food retailers (Migros, BIM, SOK Marketler Ticaret), as well as the impact of drought on Tekfen Holding’s fertiliser business ...

Lukasz Wachelko ... (+3)
  • Lukasz Wachelko
  • CFA
  • Jakub Mician

Turkish Food Retail: Is the stocking-up over? (BIM, Migros stay BUY, S...

We take profits after the rally, downgrading SOK (PT TRY 13.5) to HOLD, while maintaining our BUY ratings for BIM (PT TRY 80.7) and Migros (PT TRY 57.9). Since the outbreak of the pandemic, in early- March, Turkish food retailers have gained 60%, on average, supported by the flow of local money to both the food and stock markets. In 1Q20, the stocking-up effect fuelled average headline EBITDA growth of 47% for the sector. For 2Q20E, we expect the food retailers to remain relative winners, with continuing EBITDA expansion at a solid 20%. We also believe that the spike in local fund flows has co...

BIM Birlesik Magazalar: 2 directors

A director at BIM Birlesik Magazalar bought 100,000 shares at 67.660TRY and the significance rating of the trade was 67/100. 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 nam...

BIM BIRLESIK MAGAZALAR sees an upgrade to Positive due to a better fun...

The general evaluation of BIM BIRLESIK MAGAZALAR (TR), a company active in the Food Retailers & Wholesalers industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date March 12, 2021, the closing price was TRY 71.25 and its potential was estimated at TRY 81.32.

Research Team
  • Research Team
BIMAS BIM Birlesik Ma... (Construction & Materials)
CAR INTER CARS S.A. (Automobiles & Parts) ... (+7)

WOOD Daily: PL Banks; TRP RO; SNN RO; CAR PW; BIMAS TI; RTKM RX; MPARK...

HEADLINES: • Polish banks: ZBP publishes slightly different estimates for CHF mortgage portfolio conversion costs • TeraPlast: proposes RON 0.13 special dividend, 24% dividend yield on 8 March closing price • Nuclearelectrica: strategy for continuing Units 3 and 4 project • Inter Cars: February sales +22% yoy - both foreign and domestic markets strong again POSITIVE • BIM: takeaways from the 4Q call NEUTRAL • Rostelecom: key takeaways from the 4Q20 earnings call NEUTRAL • MLP Care: conference call highlights POSITIVE • Siauliu Bankas: conference call highlights • Kofola: coverage discontin...

BIMAS BIM Birlesik Ma... (Construction & Materials)
CAR INTER CARS S.A. (Automobiles & Parts)
RTKM ROSTELECOM (Health Care)
SAB1L SIAULIU BANKAS (Retail)
TRP TERAPLAST (Telecommunications)
SNN Societatea Nati... (Utilities)
MPARK MLP Saglik Hizm... (Banks)
Atinc Ozkan ... (+5)
  • Atinc Ozkan
  • Raffaella Tenconi
  • Lukasz Wachelko
  • CFA
  • Jakub Mician
BIMAS BIM Birlesik Ma... (Food & Beverage)
AEFES Anadolu Efes Bi... (Construction & Materials) ... (+7)

Turkey Strategy: Drought risk – view on potential implications

Given the recently intensified newsflow (and the Turkish authorities’ statements) on the extremely dry weather conditions in Turkey and the alarming decline in water reservoir levels across the country, in this report, we try to provide an initial assessment of the potential risks from a prolonged drought hazard at the stock and macro levels in 2021E. Our focus is food price inflation, and the implications for consumer staples and brewers (Ulker, CCI, Anadolu Efes) and food retailers (Migros, BIM, SOK Marketler Ticaret), as well as the impact of drought on Tekfen Holding’s fertiliser business ...

Lukasz Wachelko ... (+3)
  • Lukasz Wachelko
  • CFA
  • Jakub Mician

Turkish Food Retail: Is the stocking-up over? (BIM, Migros stay BUY, S...

We take profits after the rally, downgrading SOK (PT TRY 13.5) to HOLD, while maintaining our BUY ratings for BIM (PT TRY 80.7) and Migros (PT TRY 57.9). Since the outbreak of the pandemic, in early- March, Turkish food retailers have gained 60%, on average, supported by the flow of local money to both the food and stock markets. In 1Q20, the stocking-up effect fuelled average headline EBITDA growth of 47% for the sector. For 2Q20E, we expect the food retailers to remain relative winners, with continuing EBITDA expansion at a solid 20%. We also believe that the spike in local fund flows has co...

BIM Birlesik Magazalar: 2 directors

A director at BIM Birlesik Magazalar bought 100,000 shares at 67.660TRY and the significance rating of the trade was 67/100. 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 nam...

BIM BIRLESIK MAGAZALAR sees an upgrade to Positive due to a better fun...

The general evaluation of BIM BIRLESIK MAGAZALAR (TR), a company active in the Food Retailers & Wholesalers industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date March 12, 2021, the closing price was TRY 71.25 and its potential was estimated at TRY 81.32.

Research Team
  • Research Team
BIMAS BIM Birlesik Ma... (Construction & Materials)
CAR INTER CARS S.A. (Automobiles & Parts) ... (+7)

WOOD Daily: PL Banks; TRP RO; SNN RO; CAR PW; BIMAS TI; RTKM RX; MPARK...

HEADLINES: • Polish banks: ZBP publishes slightly different estimates for CHF mortgage portfolio conversion costs • TeraPlast: proposes RON 0.13 special dividend, 24% dividend yield on 8 March closing price • Nuclearelectrica: strategy for continuing Units 3 and 4 project • Inter Cars: February sales +22% yoy - both foreign and domestic markets strong again POSITIVE • BIM: takeaways from the 4Q call NEUTRAL • Rostelecom: key takeaways from the 4Q20 earnings call NEUTRAL • MLP Care: conference call highlights POSITIVE • Siauliu Bankas: conference call highlights • Kofola: coverage discontin...

BIMAS BIM Birlesik Ma... (Construction & Materials)
CAR INTER CARS S.A. (Automobiles & Parts)
RTKM ROSTELECOM (Health Care)
SAB1L SIAULIU BANKAS (Retail)
TRP TERAPLAST (Telecommunications)
SNN Societatea Nati... (Utilities)
MPARK MLP Saglik Hizm... (Banks)
Atinc Ozkan ... (+5)
  • Atinc Ozkan
  • Raffaella Tenconi
  • Lukasz Wachelko
  • CFA
  • Jakub Mician
BIMAS BIM Birlesik Ma... (Food & Beverage)
AEFES Anadolu Efes Bi... (Construction & Materials) ... (+7)

Turkey Strategy: Drought risk – view on potential implications

Given the recently intensified newsflow (and the Turkish authorities’ statements) on the extremely dry weather conditions in Turkey and the alarming decline in water reservoir levels across the country, in this report, we try to provide an initial assessment of the potential risks from a prolonged drought hazard at the stock and macro levels in 2021E. Our focus is food price inflation, and the implications for consumer staples and brewers (Ulker, CCI, Anadolu Efes) and food retailers (Migros, BIM, SOK Marketler Ticaret), as well as the impact of drought on Tekfen Holding’s fertiliser business ...

Lukasz Wachelko ... (+3)
  • Lukasz Wachelko
  • CFA
  • Jakub Mician

Turkish Food Retail: Is the stocking-up over? (BIM, Migros stay BUY, S...

We take profits after the rally, downgrading SOK (PT TRY 13.5) to HOLD, while maintaining our BUY ratings for BIM (PT TRY 80.7) and Migros (PT TRY 57.9). Since the outbreak of the pandemic, in early- March, Turkish food retailers have gained 60%, on average, supported by the flow of local money to both the food and stock markets. In 1Q20, the stocking-up effect fuelled average headline EBITDA growth of 47% for the sector. For 2Q20E, we expect the food retailers to remain relative winners, with continuing EBITDA expansion at a solid 20%. We also believe that the spike in local fund flows has co...

BIM Birlesik Magazalar: 2 directors

A director at BIM Birlesik Magazalar bought 100,000 shares at 67.660TRY and the significance rating of the trade was 67/100. 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 nam...

BIM BIRLESIK MAGAZALAR sees an upgrade to Positive due to a better fun...

The general evaluation of BIM BIRLESIK MAGAZALAR (TR), a company active in the Food Retailers & Wholesalers industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date March 12, 2021, the closing price was TRY 71.25 and its potential was estimated at TRY 81.32.

Research Team
  • Research Team
BIMAS BIM Birlesik Ma... (Construction & Materials)
CAR INTER CARS S.A. (Automobiles & Parts) ... (+7)

WOOD Daily: PL Banks; TRP RO; SNN RO; CAR PW; BIMAS TI; RTKM RX; MPARK...

HEADLINES: • Polish banks: ZBP publishes slightly different estimates for CHF mortgage portfolio conversion costs • TeraPlast: proposes RON 0.13 special dividend, 24% dividend yield on 8 March closing price • Nuclearelectrica: strategy for continuing Units 3 and 4 project • Inter Cars: February sales +22% yoy - both foreign and domestic markets strong again POSITIVE • BIM: takeaways from the 4Q call NEUTRAL • Rostelecom: key takeaways from the 4Q20 earnings call NEUTRAL • MLP Care: conference call highlights POSITIVE • Siauliu Bankas: conference call highlights • Kofola: coverage discontin...

BIMAS BIM Birlesik Ma... (Construction & Materials)
CAR INTER CARS S.A. (Automobiles & Parts)
RTKM ROSTELECOM (Health Care)
SAB1L SIAULIU BANKAS (Retail)
TRP TERAPLAST (Telecommunications)
SNN Societatea Nati... (Utilities)
MPARK MLP Saglik Hizm... (Banks)
Atinc Ozkan ... (+5)
  • Atinc Ozkan
  • Raffaella Tenconi
  • Lukasz Wachelko
  • CFA
  • Jakub Mician
BIMAS BIM Birlesik Ma... (Food & Beverage)
AEFES Anadolu Efes Bi... (Construction & Materials) ... (+7)

Turkey Strategy: Drought risk – view on potential implications

Given the recently intensified newsflow (and the Turkish authorities’ statements) on the extremely dry weather conditions in Turkey and the alarming decline in water reservoir levels across the country, in this report, we try to provide an initial assessment of the potential risks from a prolonged drought hazard at the stock and macro levels in 2021E. Our focus is food price inflation, and the implications for consumer staples and brewers (Ulker, CCI, Anadolu Efes) and food retailers (Migros, BIM, SOK Marketler Ticaret), as well as the impact of drought on Tekfen Holding’s fertiliser business ...

Lukasz Wachelko ... (+3)
  • Lukasz Wachelko
  • CFA
  • Jakub Mician

Turkish Food Retail: Is the stocking-up over? (BIM, Migros stay BUY, S...

We take profits after the rally, downgrading SOK (PT TRY 13.5) to HOLD, while maintaining our BUY ratings for BIM (PT TRY 80.7) and Migros (PT TRY 57.9). Since the outbreak of the pandemic, in early- March, Turkish food retailers have gained 60%, on average, supported by the flow of local money to both the food and stock markets. In 1Q20, the stocking-up effect fuelled average headline EBITDA growth of 47% for the sector. For 2Q20E, we expect the food retailers to remain relative winners, with continuing EBITDA expansion at a solid 20%. We also believe that the spike in local fund flows has co...

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