BGC Partners: Datagate <DGATE TI> posted TL4.8mn net income in 3Q19 (2Q19: TL6.9mn, 3Q18: TL2.7mn), in line but weak set of results (BGC: TL5.0mn)...
Despite the new region from Turk Telekom as of 1 April 2019, Datagate posted a weak results mainly to 1) SCT increase on smartphone purchases on 1st of May from 25% to 40-50% (which is affecting especially high-priced cell phones such as iPhone series), 2) declined sales volume of Huawei phones after US-China tension, and 3) currency volatility and related price increases.Datagate Bilgisayar Malzemeleri Ticaret AS. Datagate Bilgisayar Malzemeleri Ticaret AS is a Turkey-based computer and computer peripherals distributor. The Company distributes, markets and offers logistics and after-sale services for more than 1,000 computers and computer accessories of international brands, such as Seagate, Intel, Acer, Fujitsu, Belkin, Sapphire, Vestel, genius, Samsung and Transcend, among others. The Company's product portfolio includes microprocessors, hard discs, memory units, optical units, motherboards, tapes, video accelerator cards, monitors and various types of hardware supporting software. The Company distributes its products to wholesale companies and retailers. As of December 31, 2011, its main shareholder was Indeks Bilg. A.S. (59.24%).
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
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.