Turkiye

Turkiye

Postby winston » Sat Feb 20, 2010 7:41 am

Emerging Market Surprise: Turkey Upgraded by S&P (TUR, TKF, TKC)

If you have read the news about Greece, Spain, and other PIIGS nations, you might think that the EuroZone and any neighboring states would be in the tank. If you asked about Turkey without making any quick research you might just lump it into the same pile. Well, Standard & Poors says differently. S&P has actually raised Turkey's credit ratings today.

Turkey is still not the easiest country to invest in from ETFs, closed-end funds, and ADRs. But there is one of each that investors here in the U.S. can use. There is the iShares MSCI Turkey Invest Market Index (NYSE: TUR), the Turkish Investment Fund Inc. (NYSE: TKF), and Turkcell Iletisim Hizmetleri AS (NYSE: TKC).

S&P has noted several positive issues in Turkey, and surprisingly talked up its banking system. Noted was that Turkey has steadily reduced its debt burden in the last decade.

* Long-term foreign and local currency ratings to BB and BB;outlook is positive, possibly generating an additional upgrade in the next 12 to 24 months.
* The B short-term ratings were affirmed and the outlook is positive.
* The Transfer and Convertibility Assessment was raised to BBB from BB.
* The AA+ Turkish national scale credit ratings were affirmed.

It is hard to not see a note about the success of Turkey's regulatory institutions in preserving the solidity of the financial sector.

S&P also called Turkey's banking system one of the strongest and least-leveraged in Eastern Europe with a well capitalized banking system and a low leverage of the household sector.

iShares MSCI Turkey Invest Mkt Index (NYSE: TUR) is up 0.65% at $54.27 on almost 33,000 shares. The 52-week range is $19.05 to $59.19 and average volume is 250,000. Listed assets are $433 million.

Turkish Investment Fund Inc. (NYSE: TKF) is up 0.7% at $13.10 on only about 6,300 shares. The 52-week range is $4.05 to $14.48 and average volume is 40,000 shares. Listed market cap today is $98 million.

Turkcell Iletisim Hizmetleri AS (NYSE: TKC) is the longest standing ADR in the region, operating a large cellular network in the country. The ADR is up 0.8% at $16.49 on 241,000 shares. The 52-week range is $10.90 to $19.99 and average volume is almost 700,000 shares. The market cap today is listed as roughly $14.5 billion.

http://247wallst.com/2010/02/19/emergin ... r-tkf-tkc/
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Re: Turkey

Postby winston » Thu Mar 07, 2013 6:36 am

A New Chapter for Turkey?

In 2012, Turkey was the best performer among the emerging markets we track on our Periodic Table showing a decade of returns.

All developing countries rose last year, but stocks in Turkey climbed an astounding 56 percent.

http://www.usfunds.com/investor-resourc ... or-turkey/
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Re: Turkey

Postby winston » Wed Jan 29, 2014 10:14 pm

Turkey's Central Bank Hikes Key Rates Aggressively To Support Lira

Turkey's central bank lifted its key interest rates aggressively at an emergency midnight policy meeting to combat the weakness in the lira and high inflation.

The one-week repo rate was more than doubled to 10 percent from 4.5 percent, the central bank, led by Erdem Basci, announced late Tuesday.


Source: RTT
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Re: Turkey

Postby behappyalways » Fri May 16, 2014 9:46 am

Image of PM's aide kicking protester stokes anger over Turkey mine fire
http://edition.cnn.com/2014/05/15/world ... ?hpt=hp_t1
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Re: Turkey

Postby winston » Wed Nov 26, 2014 7:49 am

Turkey owes foreign investors $386 billion – roughly half of its GDP.

About $160 billion of these debts come due over the next 12 months.

And unlike the U.S. or Japan or Europe, Turkey can’t simply print away these obligations.

Source: Daily Crux
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Re: Turkey

Postby behappyalways » Thu Feb 05, 2015 10:59 am

(Read carefully the sentence.... :D :D :D )

Inflation will ease if the central bank cut borrowing costs, not the opposite, Erdogan said in Ankara, reiterating his view that runs contrary to textbook economics.

“There are still those who don’t understand that if you cut interest rates you’ll cut inflation,” Erdogan said at a meeting with a confederation of small businesses. “Some are trying to hold Turkey back with high interest rates.”

Erdogan Renews Assault on Turkish Central Bank’s Monetary Policy
http://www.bloomberg.com/news/articles/ ... -inflation
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Risks Out There 03 (Aug 14 - Dec 15)

Postby behappyalways » Tue Jun 09, 2015 11:10 am

Turkey becomes first domino for emerging market debtors as politics split country
http://www.telegraph.co.uk/finance/econ ... untry.html
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Re: Turkey

Postby behappyalways » Sun Aug 02, 2015 1:51 pm

Erdogan's Cynical Game: Is Turkey Creeping Toward Civil War?
http://www.spiegel.de/international/wor ... 46196.html
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Re: Turkey

Postby behappyalways » Thu Dec 03, 2015 11:46 am

Russia: Turkish president benefits from ISIL oil deals
http://www.aljazeera.com/news/2015/12/r ... 12848.html
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Re: Turkey

Postby behappyalways » Sat Jul 16, 2016 5:16 pm

Turkey: President Recep Tayyip Erdogan denounces coup attempt
http://www.bbc.com/news/world-europe-36813924
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