Retail/Discount Markets provide a good hedge mechanism against the inflation.
Note that, we bear the TRY depreciation risk and this kind of stocks should be considered as "defensive" or "cyclical" not in terms of the sector but in terms of the economy itself. That's why in portfolios, one might see SOKM as a gold mine company and the ratio of the holding to the portfolio should not be considerably high.
SOKM is a well-established and run company in Turkey, that is providing cheap goods. The business plan is extremely simple. However, there is a downside risk that is related with the boss. Therefore investors should watch the company news very closely.
According to the Gedik Investment, one of the biggest brokerage firms in Turkey, the company is trading at 2022E 2.5x EV/EBITDA ratio. And their price target is TRY28 per share.
According to the primary technical analysis and long term trend, I have depicted the potential PT's in the chart.
This is not a financial advice.
Note that, we bear the TRY depreciation risk and this kind of stocks should be considered as "defensive" or "cyclical" not in terms of the sector but in terms of the economy itself. That's why in portfolios, one might see SOKM as a gold mine company and the ratio of the holding to the portfolio should not be considerably high.
SOKM is a well-established and run company in Turkey, that is providing cheap goods. The business plan is extremely simple. However, there is a downside risk that is related with the boss. Therefore investors should watch the company news very closely.
According to the Gedik Investment, one of the biggest brokerage firms in Turkey, the company is trading at 2022E 2.5x EV/EBITDA ratio. And their price target is TRY28 per share.
According to the primary technical analysis and long term trend, I have depicted the potential PT's in the chart.
This is not a financial advice.