Summary
- TKC has all the hallmarks of a well-run company: credible market leader, solid balance sheet, and multiple growth opportunities.
- Currently, TKC is trading near 5-year low valuations, with 41% upside from mean valuation reversion.
- Despite attractive valuation, near-term risks of sustained Lira depreciation, and political upheaval prevent me from recommending a buy at this point in time.
- TKC should be placed on investors' buy watchlist to relook at once the dust clears on the economic and political climate in Turkey.
For further details see:
Turkcell: Excellent Business Hampered By Politics