Kardemir shares the news that the railways will open to the private sector
The news that the railroads will be opened to the private sector and projections in this field led to the flight of Kardemir shares that stand out in the rail production.
The projections made for the leap in rail production and news, Turkey's largest long steel producer Kardemir's shares, which almost blew. The Kardemir shares, which have been on a very rapid upward trend since the end of February, reached up to 45 percent in this period.
State Railways of the Republic of Turkey, Turkish Airlines is expected to incorporation of the model held in conjunction with private companies that could build and operate the railway line and will make freight and passenger transport by train. With the new regulation, TCDD is being restructured as a railway infrastructure operator. No changes are made to the current legal status of TCDD. The bill will come into force after the approval of President Abdullah Gül.
As will be remembered, Sabancı Holding announced that it was especially interested in high-speed train operations between major cities. Turkey's investments in the sector is expected to increase only rail producer Kardemir has experienced a great rise in stocks in terms of volume.
With the press coverage, Kardemir, which was around 1.48 TL from February, has increased to 2.13 TL as of today.
With the expectations for railroads coming forward, there was an unprecedented development in the stock. The difference between the 12 monthly target price expectations of analysts and the current price of the stock rose to the historic level. The 12 monthly target prices of analysts who report on Kardemir are at 1.82 lira level.
The current price of the shares today with the opening up to 2.14 liraya output. It is expected that either the share price will return to the level of analysts' expectations, or analysts will revise their target prices to the current price.
While 'AL' recommendations of the analysts shown with green bars stand out, it is seen that the 'HOLD' recommendations shown in brown color are in the second plan.
In its evaluation on the subject, Ak Yatırım stated that with this law, the private sector will have investments and increase the demand for rail and that the only rail manufacturer in the country and the region is Kardemir and advised on the index for Kardemir.
HSBC said while this may be perceived as a positive development for Turkey's Kardemir monorail manufacturer, Kardemir D to S $ 1.85 target price 'index on Return' he advised.
Tera Menkul Değerler increased its price target for Kardemir D from 2TL to 2.42 TL and maintained its recommendation as 'BUY'.
The profit per share expected by analysts for Kardemir's end of 2013 is 24 cents.
Prior to the balance sheet, the first quarter median profit for the company was 1 million TL. According to the market expectation, the average estimate for the profit figure was 46 million TL, the highest estimate was 44,7 million TL and the lowest estimate was 61,4 million TL. The company's 30st quarter net profit in 2012 was 1 million TL.
Source : I www.bursadabugun.co