Edison Investment Research - Is Yatirim Menkul Degerler AS (ISMEN) A steady ship

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Edison Investment Research

Julian Roberts

A steady ship

Despite exceptional political events in Turkey during 2016, Is Yatirim’s (ISY) FY16 results showed that its core investment banking business performed well, contributing to strong consolidated net profits, 33% ahead of FY15. Two of its subsidiaries suffered losses but steps have been taken to reduce these in FY17 and other segments performed better than forecast against a challenging backdrop. ISY continues to have a strong balance sheet and is committed to making high distributions to shareholders, so we have maintained our dividend forecast at 10 kuruÅŸ.

21/02/2017 12 EN

Underlying

Is Yatirim Menkul Degerler AS

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TREISMD00011 Istanbul Stock Exchange Turkey

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Julian Roberts

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A steady ship

Is Yatirim Menkul Degerler - Termination of coverage

Increasing estimates again

Ahead of expectations

4imprint Group - Solid start to the year

Dowlais Group - Margin expansion despite mixed auto markets

AUSTRIACARD - Acquiring data analytics expertise

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