TAT GIDA 2Q18 - OPERATIONALLY WEAKER
TL13.9m NI in 2Q18 was in-line while TL12.8m EBITDA (4.5% margin) was below cons of TL15.8 (5.6%). Income from other operations supported the bottom line in the quarter (no details at the footnotes) together with low tax rate (at 5.3%) thanks to investment incentives. Market reaction could be slightly negative on weak operational profitability. We currently see 24% upside potential in TATGD hold maint'd.Tat Gida Sanayi is engaged in the tomato paste, tomato puree, peeled tomato, diced tomato, ketchup, canned vegetables, frozen foods, pickled cornichons, roasted pepper and empty tin cans and covers which are required for production, sector and canned food industry in Turkey and Europe.
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.