Turkish Airlines' climb turns some money managers into cynics
Among Turkish blue chips, there’s no stock that’s had a better 12 months than Turkish Airlines. Now the surge is making some money managers nervous. An improvement in tourism, easing tensions with major partners, passenger growth, increased foreign inflows to Turkish equities and a weaker lira all supported the carrier’s earnings in 2017. The shares had been battered by a disastrous year earlier that saw a coup attempt, bombings, and a consequent tourism crisis. “We might have approached the level of irrational exuberance with the stock, given the recent volatile nature of Turkey’s diplomatic relations,” an analyst said, referring to disputes with members of the EU, the US and Russia. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-02-14/star/turkish-airlines-climb-turns-some-money-managers-into-cynics
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Turkish Airlines' climb turns some money managers into cynics
Among Turkish blue chips, there’s no stock that’s had a better 12 months than Turkish Airlines. Now the surge is making some money managers nervous. An improvement in tourism, easing tensions with major partners, passenger growth, increased foreign inflows to Turkish equities and a weaker lira all supported the carrier’s earnings in 2017. The shares had been battered by a disastrous year earlier that saw a coup attempt, bombings, and a consequent tourism crisis. “We might have approached the level of irrational exuberance with the stock, given the recent volatile nature of Turkey’s diplomatic relations,” an analyst said, referring to disputes with members of the EU, the US and Russia. <br/>
