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Research

Garanti Securities Research Department consists of a large and experienced fundamental equity research and macroeconomic analysis team, covering the latest developments in the Turkish equity market and Turkey’s macroeconomic and geopolitical landscape. The department currently has approximately 76 stocks under its coverage, one of the largest coverages in the sector. These stocks consist of blue-chip companies and selective small-mid cap stocks trading on the BIST. The department has been consistently adding new stocks to its coverage scope in the last several years.

Garanti Securities equity research team is particularly competent at stock selection. In addition to providing recommendations for all stocks under coverage, the team highlights the top picks in its frequently released Model Portfolio product. The model portfolio outperformed the BIST-100 index by 14.4% in 2016. The aim of the department is to consistently outperform the index by at least the double digits. In addition to company updates, visit notes, sector notes and flash notes, the department also produces highly praised strategy reports encapsulating equity strategy, the macroeconomic outlook, sectoral developments and expectations for all stocks under coverage. During earnings season the team provides reports for each and every company earnings release, a practice that sets Garanti Securities apart from its peers.

Garanti Securities macro team quickly responds to new data releases with its macroeconomic analysis reports. Furthermore, it produces in-depth thematic reports on important macroeconomic or political developments in Turkey.

One of the main core qualities of Garanti Securities Research Department is to provide strong corporate access to companies trading on the BIST. In conjunction with Garanti Securities’ Sales Department, our equity team attends several custom-made road shows during the year to introduce institutional investors to the top managements of Turkish listed companies both abroad and in Turkey. Meanwhile, our Chief Economist also attends several roadshows to provide an overview of Turkey’s macroeconomic conjuncture.