Tur-Key? oder doch Türk-Ei!

verfasst von Emerald, 29.05.2006, 09:44

-->By Kotaro Miyata
May 26 (Bloomberg) -- Turkish shares are worth buying
because they understate the outlook for profits, according to
Credit Suisse Group.
Strategists at Switzerland's second-biggest bank advised
investors to trim stock holdings in Israel to fund the purchases.
``Turkey is cheaper than at any stage since early 2003,''
the London-based emerging markets strategy team wrote in a report
yesterday. ``Time to be brave.''
The team, headed by Jonathan Garner, raised its
recommendation on Turkish stocks to ``overweight'' from ``market
weight,'' meaning fund managers should own more shares than the
weighting in indexes. The strategists have an ``underweight''
stance for Israel.
Turkey's ISE National 100 Index gained 2.8 percent to
37,748.01 at 11:26 a.m. in Istanbul. The measure has still
tumbled 14 percent this month on speculation that higher interest
rates in the U.S. and Europe will slow economic growth worldwide
and on concern about Turkey's rising inflation rate and widening
current account deficit.
The TA-25 Index in Israel has slipped 1.3 percent in May.
The Tel Aviv Stock Exchange is closed today.
Turkiye Garanti Bankasi AS, Turkey's third-biggest non-state
lender, was added to Credit Suisse's ``focus list'' of top picks
in global emerging markets. Posco, South

Thread gesperrt

 

gesamter Thread:

• Tur-Key? oder doch Türk-Ei! - Emerald, 29.05.2006, 09:44