13 Ways to Invest in Turkey: The Fastest Growing Economy in the World

|
 |  Includes: AEBZY, AKBTY, BMBSY, DZBKY, FNKXF, HOMJF, TEKBF, TKC, TKF, TKGBF, TTOBF, TYIBF, YVKAF
by: Stockerblog

This is not a group of stocks that is a play on the upcoming Thanksgiving holiday, nor is this a group of bad stocks that use the word 'turkey' as a negative connotation. Instead, this is compilation of stocks of companies that are based in the country of Turkey. Most of them trade on the Pink Sheets, but a couple trade on the New York Stock Exchange.

Here is some interesting trivia about Turkey:

  • It is one of the fastest growing economies in the world.
  • It is ranked 16th of all countries in GDP purchasing power parity.
  • It is a founding member of the Organization for Economic Co-operation and Development.
  • Its GDP grew by 7.4% for 2005.
  • The service sector makes up 64.5% of GDP.
  • It received $18.2 billion in revenues from tourism in 2005.
  • It's inflation rate dropped to 8.2% in 2005.
  • It received $8.5 billion in foreign direct investment in 2005.
  • Its literacy rate is 95.3% for men and 79.6% for women.
  • Below are some Turkish stocks that trade in the United States:

  • TURKISH INVESTMENT FUND (NYSE:TKF) is a closed-end fund that invests in Turkish companies. The latest reported earnings were down 62.9%, and the stock sells for 1.18 times net asset value.

  • AKBANK TURK ANO (OTCQX:AKBTY) is a commercial bank based in Turkey that provides corporate, commercial, retail and private banking services. Its net profit margin is 36.28%, and the return on average equity is 16.79%.

  • ANADOLU EFES BIRACILIK VE MALT SANAYII AS (OTCPK:AEBZY) is a beer and non-alcoholic beverage manufacturer, and bottler of beverages. Its net profit margin is 17.83%, and the return on average equity is 36.73%.

  • BIM BIRLESIK (PINK:BMBSY) sells food and consumer goods through a chain of over 1500 discount stores. Its net profit margin is 3.76%, and the return on average equity is 79.18%.

  • DENIZBANK SA (OTC:DZBKY) is a provider of retail banking, private banking, and business banking services. Its net profit margin is 37.21%, and the return on average equity is 23.62%.

  • FINANSBANK AS (OTC:FNKXF) is a provider of retail banking, private banking, credit card, and small, medium, and large banking services. Its net profit margin is 34.63%, and the return on average equity is 25.63%.

  • HACI OMER SABANCI HLDG. (OTC:HOMJF) is a conglomerate which owns businesses in the areas of banking, insurance, tires, automotive, retail, food, cement, chemicals, textiles and energy. Its profit margin is 19.13%, and its return on average equity is 22.42%.

  • TOFAS TURK OTOMOBIL FABRIK (OTC:TTOBF) it is a manufacturer of passenger cars and light commercial vehicles, as well as enginesand auto parts. Its models include Palio, Albea, Marea and Doblo. Its profit margin is 4.80%, and the return on average equity is 16.82%.

  • TURK EKONOMI BANKASI (OTC:TEKBF) is a provider of corporate, commercial, retail and private banking services. Its profit margin is 18.11%, and the return on average equity is 19.56%.

  • TURKCELL ILETISIM HIZMETLERI AS (NYSE:TKC) provides wireless telephone services, sports and news entertainment, Internet services, and other telecommunications services. The stock has a P/E of 20, a PEG of 0.98, and a yield of 2%.

  • TURKIYE GARANTI BANK (OTCQX:TKGBF) is a banking company with over 500 domestic branches. Its net profit margin is 60.66% ,and the return on average equity is 77.09%.

  • TURKIYE IS BANKASI (OTC:TYIBF) is a provider of retail and commercial banking services. Its net profit margin is 21.59%, and the return on average equity is 16.8%.

  • YAPI VE KREDI BANKAS (OTC:YVKAF) is a provider of bank and financial services. Its net profit margin is 24.47%, and the return on average equity is 25.68%.

  • Disclosure: The author does not own any of the above.