Enka Insaat ve Sanayi is an engineering and construction company. Co. operates in the following geographical areas: in Turkey, Co. is engaged in a range of construction activities including construction of industrial and social buildings, motorways and construction and operation of natural gas fired electrical energy generation facilities; in Russian Federation, Georgia, Turkmenistan and Kazakhstan, Co. is engaged in construction activities and also in investment and development of real estate properties and shopping malls in Moscow, Russia; and in Europe, Co. is engaged in construction and trading activities in Romania, the Netherlands, Switzerland, Germany and Kosovo.
theScreener is the market leader for independent valuations of financial securities, equities, sectors and markets, and new funds. theScreener's ratings, analyses are used by leading banks, asset managers and financial portals. Approximately 10,000 workstations benefit from theScreener's services, with over millions of customer accounts actively analysed.
EME Equity Market – November 2019 Market performance – the weakest performance in November was recorded by the Polish WIG20 Index, in both EUR- and PLN-terms (-2.9% mom and -1.6% mom, respectively). While the MSCI Index lost 0.4% in local currency terms, it gained 0.8% in EUR terms. With the exception of Poland, all the other indices recorded a positive performance, with the Turkish ISE30 gaining 8.9% (EUR terms) over the month. The BET Index was the second-best performer, increasing by 3.2%, followed by Prague’s PX Index (2.7%, EUR terms) and the Russian MOEX (2.3%, EUR terms). Athens gained ...
Feasibility Study Results in December to be a Catalyst for this Junior
3Q19 net income of TRY911m stood higher than our estimate of TRY736m and the RT consensus estimate of TRY675m. Strong bottom line came on higher than expected mark-to-market (MtM) gains of fixed-income investments and lower effective tax rate of 8% in 3Q19. Operationally, EBITDA of TRY572m stood 11% lower than our estimate of TRY646m (vs. RT consensus of TRY626m), marred by weaker profitability of the contracting and energy segments. In 3Q19, Enka booked net TRY598m income from its financial investments. We maintain BUY due to solid cash flow amid challenging market dynamics. Also, at 2.2x 20...
The general evaluation of ZIX CORP. (US), a company active in the Computer Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 2 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date February 18, 2020, the closing price was USD 7.34 and its potential was estimated at USD 9.06.
ZAI LAB ADR.LTD. (US), a company active in the Biotechnology industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 2 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date February 18, 2020, the closing price was USD 61.10 and its potential was estimated at USD 64.16.
The independent financial analyst theScreener just lowered the general evaluation of SPIRIT AIRLINES INCO. (US), active in the Airlines industry. As regards its fundamental valuation, the title now shows 3 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date February 18, 2020, the closing price was USD 42.59 and its target price was estimated at USD 34.08.