The Operator's  Instablog

The Operator
Send Message
I am an ex-hedge fund manager and analyst. I have extensive experience in global macro investing with a focus on Turkey. Follow me on and @TheOperator1
My blog:
The Operator's Blog
  • Turkish Markets while you were asleep (09/07/2011)  0 comments
    Sep 7, 2011 5:24 AM | about stocks: TUR, TKC, TKF

    The market is up 1.12% in this morning's first trading session, driven by holdings (+1.9), tech (2.9%), and transportation (+2.3%). 

    ING upgrades Turkish banks (following DB's upgrade earlier this week). This leaved ML as the only global I-bank that has a subdued view on the Turkish market. They put the probability of a recession in Turkey at 50%.

    UK based Vallares (VLRS.L) which recently raised over £1bn, closes its deal to purchase a 50% stake in Genel Enerji at $2.1bn (thru new share issuance). Note that Mehmet Emin Karamehmet, the controlling shareholder of Turkcell (NYSE:TKC), has a significant share in the company.

    Turkish Statistics Institute numbers show that construction permits in H1 2011 are down by 17.2% compared to the first six months of 2010  

    Turkish Statistics Institute numbers show that industrial employment is up 2.1% q-o-q, hours worked is up 2.4% q-o-q and gross wages are up 4.8 q-o-q

    Stocks: TUR, TKC, TKF
Back To The Operator's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • How will TUR, TKF, TKC open? Read what happened in Turkish markets while you were asleep
    Sep 8, 2011
  • TUR - MS upgrades Turkey to overweight in EEMEA portfolio (DB upgraded banks yesterday)... cites good public BS and declining CA deficit
    Sep 6, 2011
More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.