)
also continues to be hurt by the relative unpopularity of Turkey as an
investment destination. I’ve discussed the many and varied issues with
Turkey in prior articles and I won’t rehash that here other than to say
that there remain substantial valid concerns about the health of
Turkey’s economy and the quality of the government. Even so, Turkcell
continues to execute well, with strong performance in the consumer
post-paid and fiber businesses.
Turkcell still looks
undervalued to me, but it also still looks like a potential value trap
unless and until the situation in Turkey improves. Positive ongoing
execution will certainly help sentiment, and the dividend outlook is
likewise good, but even if Turkcell is one of the best options in Turkey
today, that’s only worth so much.
Click here for more:
Turkcell Remains A Good House In A Very Unpopular Neighborhood
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