
Originally Posted by
ariston
MSCI criteria dökümanına baktım. Bir miktar karışık.
https://www.msci.com/eqb/methodology...gy_May2022.pdf
GARAN halka açık piyasa değeri ASELS'in halka açık değerinin altına iner ise listeden çıkma ihtimali çok artabilir.
Bu durumda indeksi takip eden fonlar da satmak durmunda kalabilir. Halihazırda zaten listedeki ağırlığı azaldığı için satış olabilir. Belki de dünkü toplu satış bu yüzdendi.
GARAN ağırlığı azalınca oradaki tutar diğerlerine ağırlıkları oranında dağılabilir.
29 Nisan itibari ile MSCI listesi
https://www.msci.com/documents/10199...7-9671c2d7e19d

Currently, we observe that Turkish banking sector stocks underperform the industrials. We see few reasons for this: 1) The recent increase in CDS and exchange rate is bad for banks in terms of both the increase in external borrowing costs and the NPL formation. We believe that as a result of these issues, there are also foreign outflows from banking sector stocks. Additionally, the voluntary takeover bid for GARAN shares at TRL15.00/share expires on May 18, 2022. 2) There are rumors that CPI-indexed products are planned for individual investors, a product which can rival the TRL deposits at banks. TRL deposit growth was very strong in 1Q22. This product could hit the low interest rate funding advantage for banks. 3) Most importantly, the transition to "hyperinflationary accounting" (IFRS 29) is being discussed/planned. It may be delayed for the BRSA balance sheets, but the transition to the IFRS order of the tables submitted by banks for foreign borrowing (for example) may take place as soon as 2Q22. This could severely trim the high banking sector profits we have seen in the last quarters. Apart from these issues, we continue to believe that banking sector stocks are cheap from a long-term perspective. We have AKBNK and GARAN in our top pick.
Yatırım tavsiyesi değildir.
Yer İmleri