Investment Opportunity in Turkey I Kristal Advisors I Trade Ideas
x

Enter your email address.

This will be the Username of your kristal account.

*Error message
X

Accredited Investor

An Accredited Investor is an individual:

1. Whose net personal assets exceed in value SGD 2 million (or it's equivalent in a foreign currency) with value of his/her primary residence capped at SGD 1 million, or

2. Whose financial assets (net of any related liabilities) exceed in value SGD 1 million (or it's equivalent in a foreign currency), or

3. Whose income in the preceding 12 months is not less than SGD 300,000 (or it's equivalent in a foreign currency)

X

Transaction Fees & other charges

Kristal.AI enables you to hold your investments in the following manner:

Kristal.AI Investment Account:

X

Transaction Fees & other charges

Kristal.AI enables you to hold your investments in the following manner:

Kristal.AI Investment Account:

Managed account with Saxo Capital Markets:

DISCLAIMER

This is offered only to Accredited and Institutional Investors as defined under the Securities and Futures Act, Chapter 289 of Singapore (“Act”), which broadly comprises of regulated financial institutions, large corporates, high net worth individuals and sophisticated investors.

By clicking “Proceed”, you confirm that you are an Accredited/Institutional Investor as defined under the Act and you agree to the Terms of Use for this website.

EXIT PROCEED

Tactical Bull View on Turkey ETF

398 Views0 Comments
featured_img

This idea is suitable for someone who is looking to find value in emerging markets.

On March 27, the cost of borrowing Turkish Lira overnight soared past 1000% as local banks were pressurised to not provide liquidity to foreign fund managers seeking to bet against the Lira. As a result, the Turkish equity markets experienced a massive selloff. The BlackRock Turkey ETF (TUR) slumped 9% last week. Though the economy has been struggling with high double-digit consumer-price inflation, unemployment, an ailing currency and political uncertainty, we believe that these headwinds have been priced into equity valuations currently.

BlackRock Turkey ETF (TUR)’s P/E Ratio has slid to 5.8, with the 12 month trailing yield at roughly 4% and it looks a good ‘Buy’ at these levels. Growth is highly likely to turn positive in late 2019 as major economic data looks promising – strong energy consumption, increasing car registrations, robust exports, tourism and tax revenue along with a large percentage of working age individuals.

Summary: Buy Turkey ETF (TUR)/ Sell Puts on TUR

Please reach out to advisors@kristal.ai for further details/queries – Kristal.AI Advisory Desk.

Disclaimer

The materials and data contained herein are for information only and shall in no event be construed as an offer to purchase or sell or the solicitation of an offer to purchase or sell any securities in any jurisdiction. Kristal Advisors does not make any representation, undertaking, warranty or guarantee as to the update, completeness, correctness, reliability or accuracy of the materials and data herein. All opinions, forecasts or estimation expressed herein are subject to change without prior notice. Kristal Advisors and its affiliates accept no liability or responsibility whatsoever for any direct or consequential loss and/or damages arising out of or in relation to any use of opinions, forecasts, materials and data contained herein or otherwise arising in connection therewith.