2024-01-24 12:37:11 ET
Summary
- Turkcell has shown potential to absorb additional inflation impacts without significantly affecting its financial health.
- New, higher-margin businesses like digital services and payment services are growing faster than its core business.
- Under three DCF scenarios considering different margin outcomes, the price targets for Turkcell range from $5.50 to $6.20.
I am revisiting my previous thesis on Turkcell Iletisim Hizmetleri A.S. (TKC) following the close of 2023 and the related inflation news from Turkey....
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Turkcell Still A Buy, Even With Rising Inflation