Recommendation List
12.22.2025
| BANKING | Rating | Close (TRY) | TP (TRY) | Mcap TRY mn | Target Mcap TRY mn | Upside Potential(%) | P/E | P/BV |
| AKBNK | 71.80 | 88.90 | 373,360 | 462,282 | 23.8% | 7.76 | 1.35 | |
| GARAN | 142.00 | 172.28 | 596,400 | 723,569 | 21.3% | 5.46 | 1.45 | |
| HALKB | 35.70 | 34.19 | 256,497 | 245,683 | -4.2% | 12.66 | 1.30 | |
| ISCTR | 14.02 | 18.80 | 350,500 | 469,965 | 34.1% | 6.39 | 0.92 | |
| TSKB | 13.05 | 18.86 | 36,540 | 52,807 | 44.5% | 2.95 | 0.86 | |
| VAKBN | 30.66 | 36.74 | 304,022 | 364,293 | 19.8% | 5.52 | 1.15 | |
| YKBNK | 36.84 | 41.36 | 311,189 | 349,367 | 12.3% | 7.01 | 1.29 |
| HOLDİNG | Rating | Close (TRY) | TP (TRY) | Mcap TRY mn | Target Mcap TRY mn | Upside Potential(%) | P/E | P/BV |
| KCHOL | 173.30 | 243.75 | 439,471 | 618,125 | 40.7% | 69.12 | 0.68 | |
| SAHOL | 85.30 | 146.24 | 179,162 | 307,167 | 71.4% | 0.00 | 0.53 | |
| TAVHL | 301.00 | 384.00 | 109,348 | 139,501 | 27.6% | 27.64 | 1.37 |
| INDUSTRIAL | Rating | Close (TRY) | TP (TRY) | Mcap TRY mn | Target Mcap TRY mn | Upside Potential(%) | P/E | P/BV |
| AKCNS | 154.50 | 200.20 | 29,579 | 38,328 | 29.6% | 58.48 | 1.23 | |
| AKSEN | 59.55 | 75.00 | 73,028 | 91,970 | 25.9% | 54.24 | 1.37 | |
| ARCLK | 107.70 | 170.00 | 72,776 | 114,875 | 57.8% | - | 1.07 | |
| ASELS | 211.10 | 240.00 | 962,616 | 1,094,400 | 13.7% | 51.3 | 5.17 | |
| BIMAS | 550.00 | 772.00 | 330,000 | 463,200 | 40.4% | 29.02 | 2.17 | |
| CCOLA | 59.25 | 75.00 | 165,786 | 209,847 | 26.6% | 16.82 | 2.28 | |
| CIMSA | 46.50 | 63.00 | 43,970 | 59,576 | 35.5% | 41.46 | 1.37 | |
| DOAS | 191.00 | 259.90 | 42,020 | 57,179 | 36.1% | 8.96 | 0.63 | |
| EREGL | 24.56 | 39.70 | 171,920 | 277,908 | 61.6% | 33.86 | 0.61 | |
| FROTO | 95.35 | 143.00 | 334,593 | 501,800 | 50.0% | 12.38 | 2.11 | |
| KRDMD | 27.76 | 30.35 | 21,659 | 23,680 | 9.3% | - | 0.50 | |
| MGROS | 538.00 | 780.00 | 97,407 | 141,222 | 45.0% | 20.86 | 1.29 | |
| PETKM | 16.86 | 15.75 | 42,730 | 39,920 | -6.6% | - | 0.64 | |
| PGSUS | 214.20 | 365.60 | 107,100 | 182,801 | 70.7% | 7 | 0.95 | |
| SELEC | 72.70 | 110.00 | 45,147 | 68,310 | 51.3% | 70.78 | 1.58 | |
| SISE | 38.82 | 55.00 | 118,914 | 168,470 | 41.7% | 45.46 | 0.52 | |
| TCELL | 101.00 | 136.60 | 222,200 | 300,523 | 35.2% | 23.26 | 0.91 | |
| THYAO | 277.25 | 495.50 | 382,605 | 683,795 | 78.7% | 3.62 | 0.45 | |
| TOASO | 243.90 | 284.70 | 121,950 | 142,350 | 16.7% | 84.03 | 2.31 | |
| TTKOM | 56.75 | 72.50 | 198,625 | 253,744 | 27.8% | 11.55 | 0.98 | |
| TUPRS | 184.60 | 237.80 | 355,686 | 458,185 | 28.8% | 16.13 | 1.04 | |
| ULKER | 111.30 | 170.00 | 41,100 | 62,778 | 52.7% | 6.71 | 1.02 | |
| VESBE | 8.29 | 15.00 | 13,264 | 24,004 | 81.0% | - | 0.35 | |
| ZOREN | 3.14 | 4.20 | 15,700 | 21,000 | 33.8% | - | 0.22 |