Sberbank - Aksa Enerji Uretim AS (AKSEN) Turkey Morning Call - September 28, 2017

Report

Sberbank

Sinan Goksen

Turkey Morning Call - September 28, 2017

> Market comment
> Medium-term program flags continuation of expansionary fiscal policy
> Government announces broad set of tax measures
> Corporate tax for financial sector to rise from 20% to 22% next year
> Court reverses tax-related fine on Isbank
> Aksa Enerji agrees to develop natural gas plant in Indonesia
> Motor vehicles tax for passenger cars to be increased by 40%
> A 25% special consumption tax to be levied on energy drinks, fruit soda
> Vestel obtains $120 mln loan from consortium of GCC banks
> Tax changes imposed on telecom sector
> TAV Airports reiterates its interest in Sabiha Gokcen Airport

28/09/2017 11 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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Turkey Morning Call - September 28, 2017

Aksa Enerji Üretim A.Ş.: 1 director

Monthly LMI Update Independent Investment Research

Feasibility Study Results in December to be a Catalyst for this Junior

Russian Consumer - Unemployment and Income: The Outlook for 2022

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