Sberbank - Aksa Enerji Uretim AS (AKSEN) Turkey Morning Call - August 18, 2017

Report

Sberbank

Sinan Goksen

Turkey Morning Call - August 18, 2017

> Market comment
> Foreign positions in Turkish equities continue to increase
> Sabanci 2Q17 IFRS results: Bottom line meets market expectations
> Koc Holding 2Q17 IFRS results: Better than expected thanks to Tupras
> Aksa Enerji 2Q17: Operating performance behind market expectations
> Soda Sanayi 2Q17 review: Generally in line, but weaker profitability
> Dogus Otomotiv delivers uninspiring 2Q17 results
> Trakya Cam 2Q17 review: Solid operating performance
> Anadolu Cam 2Q17 review: Bottom-line beat but of a low quality
> BIM: Don't be beguiled by 2017 performance

18/08/2017 12 EN

Underlying

Aksa Enerji Uretim AS

Aksa Enerji Uretim is an independent power production group based in Turkey. Co. is engaged in the generation, distribution and sales of electricity and natural gas distribution. Co.'s production portfolio comprises of 16 power plants that generate power by using the following resources: natural gas, fuel-oil, wind, and hydroelectric power. Co. maintains an installed capacity of 2,052 MW. Co. maintains five electricity production plants: Antalya Power Plant; Manisa Power Plant; Samsun Power Plant; Incesu/Corum Power Plant; and the Mardin Power Plant.

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TREAKSN00011 Istanbul Stock Exchange Turkey

Provider

Sberbank

Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.

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Analysts

Sinan Goksen

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