From twitter "I think Akbank is the Turkish bank with the highest capital ratios in Turkey. Is very cheap because sentiment is very negative. I prefer to buy it though Sabanci Holding, for the same price you are buying a stake in the bank and gets lots of industrials business for free."
Akbank is strikingly cheap on fundamental basis, given that it sells for around 4 PE and 40% of book, yet has high teens CET1 and low teens ROEs. Interesting idea imo.
From twitter "I think Akbank is the Turkish bank with the highest capital ratios in Turkey. Is very cheap because sentiment is very negative. I prefer to buy it though Sabanci Holding, for the same price you are buying a stake in the bank and gets lots of industrials business for free."
Akbank is strikingly cheap on fundamental basis, given that it sells for around 4 PE and 40% of book, yet has high teens CET1 and low teens ROEs. Interesting idea imo.