Turkey Morning Call - November 7, 2017
> Market comment> Foreigners sell a net $14 mln worth of equities in October
> Vakif Bank slightly misses 3Q17 estimates due to lower NII
> First unit at Alarko subsidiary Cenal's Karabiga plant comes online
> BIM: Operating performance beats estimates
> Air passenger traffic expands 12% y-o-y in October
Alarko Holding Anonim Sirketi. Alarko Holding AS is a Turkey-based holding company. Alarko Group companies operate in contracting, industry and trade, energy, tourism, seafood, real estate investments and property development sectors. The Contracting Group companies operate as general contractors, and are engaged in the construction of commercial buildings and industrial plants. The Industry and Trade Group produces and markets heating, ventilation, air conditioning units and pumps, as well as providing after-sale services. The Energy Group produces and distributes electric power and natural gas through its power plants across Turkey. The Tourism Division operates and manages hotels and holiday resorts. Its Seafood Division operates through Alfarm Alarko Leroy Su Urunleri San. ve Tic. AS, established for breeding and processing various types of fish, particularly salmon. The Property Development Group is involved in the development, design and construction of recreational facilities and residences.
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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