Threats to Corporate Earnings

TURKEY - Report 12 Aug 2013 by Atilla Yesilada
There is a thickening cloud of uncertainly hovering over the earnings forecasts of major BIST-listed companies. Government’s relentless efforts to find the co-conspirators of the Gezi Parki in the business community and the swelling public sentiment against banks’ habit of excessive transaction fees could soon hurt investor sentiment. Revenge against Koc has started PM Erdogan’s determination to punish all culprits of Gezi Parki demonstrations and to avert a repeat is hurting confidence in the business community. Erdogan singled out Koc Holding as the main sponsor of Gezi Parki demonstratio...

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