HSBC Updates Target Prices for Turkish Consumer Companies

HSBC Revises Price Targets for Turkish Consumer Companies

HSBC has revised its price targets for Turkish consumer companies. The report highlights that the Turkish consumer sector has adapted to the current challenging macroeconomic conditions and demonstrated an agile approach in seizing market opportunities.

Positive Expectations for 2026

According to analysts quoted in the report, macroeconomic forecasts for 2026 present a positive outlook. Stabilization of inflation, manageable cost pressures, and the anticipated downward trend in interest rates are expected to be key factors supporting the profits of Turkish consumer companies.

Moreover, the expected 27% increase in the minimum wage is anticipated to support consumption in the first half of the year. As inflation gradually decreases, it is likely that these factors will contribute to a more stable spending outlook.

Updated Price Targets

The details of HSBC's new price targets for Turkish consumer stocks are as follows:

• Anadolu Efes (AEFES): 20 TL (Previous: 16 TL)
• BiM (BIMAS): 850 TL (Previous: 700 TL)
• Coca-Cola İçecek (CCOLA): 85 TL (Previous: 78 TL)
• Do&Co (DOCO): 12,500 TL (Previous: 11,000 TL)
• Mavi Giyim (MAVI): 64 TL (Previous: 55 TL)
• Migros (MGROS): 750 TL (Previous: 675 TL)
• Şok (SOKM): 80 TL (Previous: 65 TL)
• Ülker (ULKER): 180 TL (Previous: 180 TL)

The information provided here does not constitute investment advice.