BGC Partners - Turk Traktor ve Ziraat Makineleri A.S. (TTRAK) BGC Partners: TTRAK - Nov 19 Trade Data: Strong domestically - In Line

Report

BGC Partners

Berna Kurbay

EUR 105.38 For Business Accounts Only

BGC Partners: TTRAK - Nov 19 Trade Data: Strong domestically - In Line

Turk Traktor announces November trade data showing 73% jump y/y in domestic sales and 38% decline in exports, good data in line with expectationsâ€¦ Domestic sales in November continued to rebound on weak base, as observed in the previous three months. Exports have declined 38% y/y in November but are still strong when evaluated within the context of the companyâ€™s full-year guidance

04/12/2019 2 EN

Underlying

Turk Traktor ve Ziraat Makineleri A.S.

Turk Traktor Ve Ziraat Makineleri is engaged in the manufacturing of agricultural machinery, such as tractors, harvesting machinery and earth moving machinery, and its allied parts, including gearboxes, transmission boxes, engine blocks, cylinder heads and hydraulic lifters. Co. sells New Holland and Case IH branded vehicles and equipments. Co. exports its products to over 50 countries.

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TRETTRK00010 Istanbul Stock Exchange Turkey

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

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Analysts

Berna Kurbay

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BGC Partners: TTRAK - Nov 19 Trade Data: Strong domestically - In Line

EM Credit Spark/EM credit weekly

Turkish bank sector update/Moving forward

Turk Traktor

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

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