BGC Partners - BGC Partners: INDES - IN LINE: Indeks Bilgisayar INDES TI reported a net income of TL39.2mn in 4Q19 (3Q19: TL17.2mn, 4Q18: TL74.7mn), in line (BGC: 38.9mn) but good set of results as expected.

Report

BGC Partners

Erdem Hafizoglu

EUR 104.96 For Business Accounts Only

BGC Partners: INDES - IN LINE: Indeks Bilgisayar <INDES TI> reported a net income of TL39.2mn in 4Q19 (3Q19: TL17.2mn, 4Q18: TL74.7mn), in line (BGC: 38.9mn) but good set of results as expected.

As indicated by tax office financials on 17 February, Indeks Bilgisayar posted successful quarterly results thanks to robust performance on the PC, server, storage and other IT products front and on the consumer segment, despite relatively weaker Datagate numbers. The company reported TL1,960mn revenues in the seasonally strongest quarter (3Q19: TL1,025mn, 4Q18: TL833mn), in line with our TL1,940mn estimate.

10/03/2020 3 EN

Provider

BGC Partners

BGC has been one of the major market players in Turkish OTC debt, FX and swaps markets since 1998.

We started offering corporate finance and investment banking services to our clients in 2013. We offer a complete range of financial services to help our clients achieve their goals. Our main areas of activity within investment banking are as follows:

Mergers & Acquisitions
Equity Capital Markets
Debt Finance & Advisory

See profile

Analysts

Erdem Hafizoglu

Other Reports from BGC Partners

Cagdas Dogan

Cagdas Dogan

BGC Partners: TURKEY - Central Government Budget continued to improve in February

Finance Ministry released February Central Government budget figures and the data showed further improvement in budget balances, as already suggested by the Treasury cash budget figures.

EUR 104.96

March 16, 2020 March 16, 2020 1 EN

Cagdas Dogan

Cagdas Dogan

BGC Partners: TURKEY - CBT Expectation Survey: No major change in inflation forecasts and a 50bps rate cut expectation from the CBT next week...

OUR TAKE: We observe no major change in inflation expectations, as the positive surprise in February reading seems to be offset by increased depreciation pressure on TL, while 2020 GDP growth forecast has been cut for the first time since July 2019. Meanwhile, there seems to be a 50bps rate cut expectation from the CBT in next weekâ€™s meeting, 100bps over the next three months, and 175bps over the next twelve months. We currently plug in a 50bps rate cut in our forecasts in next weekâ€™s meeting, followed by a 25bps in the April meeting. (CBT, BGC Partners)

EUR 104.96

March 13, 2020 March 13, 2020 2 EN

Cagdas Dogan

Cagdas Dogan

BGC Partners: TURKEY - Retail sales volume maintained a strong trend in January

According to Turkstat, retail sales volume registered a 9.6% y/y expansion in January 2020 in unadjusted terms; while the calendar-adjusted figure also increased by 9.6% y/y in January, which is a quite strong figure, albeit indicating a mild slow down compared to the 11.9% increase recorded in December 2019.

EUR 104.96

March 13, 2020 March 13, 2020 2 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

BGC Partners: INDES - IN LINE: Indeks Bilgisayar <INDES TI> reported a net income of TL39.2mn in 4Q19 (3Q19: TL17.2mn, 4Q18: TL74.7mn), in line (BGC: 38.9mn) but good set of results as expected.

BGC Partners: TURKEY - Central Government Budget continued to improve in February

BGC Partners: TURKEY - CBT Expectation Survey: No major change in inflation forecasts and a 50bps rate cut expectation from the CBT next week...

BGC Partners: TURKEY - Retail sales volume maintained a strong trend in January

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe