Recommendation List
12.15.2025
| BANKING | Rating | Close (TRY) | TP (TRY) | Mcap TRY mn | Target Mcap TRY mn | Upside Potential(%) | P/E | P/BV |
| AKBNK | 69.55 | 88.90 | 361,660 | 462,282 | 27.8% | 7.51 | 1.30 | |
| GARAN | 140.40 | 172.28 | 589,680 | 723,569 | 22.7% | 5.40 | 1.44 | |
| HALKB | 36.34 | 34.19 | 261,095 | 245,683 | -5.9% | 12.89 | 1.32 | |
| ISCTR | 13.91 | 18.80 | 347,750 | 469,965 | 35.1% | 6.34 | 0.91 | |
| TSKB | 12.97 | 18.86 | 36,316 | 52,807 | 45.4% | 2.93 | 0.85 | |
| VAKBN | 29.20 | 36.74 | 289,545 | 364,293 | 25.8% | 5.25 | 1.10 | |
| YKBNK | 36.40 | 41.36 | 307,473 | 349,367 | 13.6% | 6.92 | 1.27 |
| HOLDİNG | Rating | Close (TRY) | TP (TRY) | Mcap TRY mn | Target Mcap TRY mn | Upside Potential(%) | P/E | P/BV |
| KCHOL | 175.40 | 243.75 | 444,797 | 618,125 | 39.0% | 69.96 | 0.69 | |
| SAHOL | 86.15 | 146.24 | 180,947 | 307,167 | 69.8% | 0.00 | 0.53 | |
| TAVHL | 303.25 | 384.00 | 110,165 | 139,501 | 26.6% | 27.85 | 1.38 |
| INDUSTRIAL | Rating | Close (TRY) | TP (TRY) | Mcap TRY mn | Target Mcap TRY mn | Upside Potential(%) | P/E | P/BV |
| AKCNS | 152.10 | 200.20 | 29,119 | 38,328 | 31.6% | 57.57 | 1.21 | |
| AKSEN | 60.95 | 75.00 | 74,745 | 91,970 | 23.0% | 55.52 | 1.40 | |
| ARCLK | 109.30 | 170.00 | 73,857 | 114,875 | 55.5% | - | 1.08 | |
| ASELS | 204.00 | 240.00 | 930,240 | 1,094,400 | 17.6% | 49.58 | 4.99 | |
| BIMAS | 557.00 | 772.00 | 334,200 | 463,200 | 38.6% | 29.39 | 2.20 | |
| CCOLA | 58.90 | 75.00 | 164,807 | 209,847 | 27.3% | 16.72 | 2.26 | |
| CIMSA | 48.50 | 63.00 | 45,861 | 59,576 | 29.9% | 43.24 | 1.43 | |
| DOAS | 193.10 | 259.90 | 42,482 | 57,179 | 34.6% | 9.06 | 0.63 | |
| EREGL | 24.56 | 39.70 | 171,920 | 277,908 | 61.6% | 33.86 | 0.61 | |
| FROTO | 96.90 | 143.00 | 340,032 | 501,800 | 47.6% | 12.59 | 2.14 | |
| KRDMD | 26.94 | 30.35 | 21,019 | 23,680 | 12.7% | - | 0.48 | |
| MGROS | 533.00 | 780.00 | 96,502 | 141,222 | 46.3% | 20.66 | 1.27 | |
| PETKM | 17.38 | 15.75 | 44,048 | 39,920 | -9.4% | - | 0.66 | |
| PGSUS | 205.10 | 365.60 | 102,550 | 182,801 | 78.3% | 6.71 | 0.91 | |
| SELEC | 72.70 | 110.00 | 45,147 | 68,310 | 51.3% | 70.78 | 1.58 | |
| SISE | 40.06 | 55.00 | 122,712 | 168,470 | 37.3% | 46.91 | 0.53 | |
| TCELL | 104.20 | 136.60 | 229,240 | 300,523 | 31.1% | 24 | 0.94 | |
| THYAO | 272.25 | 495.50 | 375,705 | 683,795 | 82.0% | 3.56 | 0.45 | |
| TOASO | 240.00 | 284.70 | 120,000 | 142,350 | 18.6% | 82.69 | 2.27 | |
| TTKOM | 57.95 | 72.50 | 202,825 | 253,744 | 25.1% | 11.8 | 1.00 | |
| TUPRS | 197.60 | 237.80 | 380,735 | 458,185 | 20.3% | 17.27 | 1.11 | |
| ULKER | 115.80 | 170.00 | 42,762 | 62,778 | 46.8% | 6.98 | 1.07 | |
| VESBE | 8.47 | 15.00 | 13,552 | 24,004 | 77.1% | - | 0.35 | |
| ZOREN | 3.18 | 4.20 | 15,900 | 21,000 | 32.1% | - | 0.22 |