- TUR is probably roughly fairly valued, although another way of saying this might be "fully priced".
- Turkey is still fraught with risk, and I do not see TUR offering investors a significant opportunity at present.
- Nevertheless, I anticipate that TUR will present some interesting entry points going forward, but one would need to revisit in future to reassess the prevailing situation post further developments.
- TUR, from a valuation standpoint, looks close to fair. But if anything, investors may be discounting further lira devaluation.
- I am neutral at present, but Turkish equities are very interesting and seem to be a constant point of inflection; a further revisit will be worthwhile in future.
For further details see:
TUR: Probably Fairly Valued But Uncertainty Is High