Gedik Yat\u0131r\u0131m, otomotiv sekt\u00f6r\u00fcne ili\u015fkin de\u011ferlendirmesinde DOAS, FROTO ve TOASO hisselerine y\u00f6nelik beklentilerini payla\u015ft\u0131. Kurum, DOAS i\u00e7in tavsiyesini \u201cEndeksin \u00dczerinde Getiri\u201d seviyesine y\u00fckseltirken, FROTO i\u00e7in ayn\u0131 tavsiyeyi korudu. TOASO i\u00e7in ise \u201cEndekse Paralel Getiri\u201d tavsiyesini s\u00fcrd\u00fcrd\u00fc.<\/p>\n
Gedik Yat\u0131r\u0131m, DOAS i\u00e7in 12 ayl\u0131k hedef fiyat\u0131n\u0131 257,9 lira, FROTO i\u00e7in 166,4 lira ve TOASO i\u00e7in 496,7 lira olarak a\u00e7\u0131klad\u0131. Kurumun tahminlerine g\u00f6re s\u00f6z konusu hisselerde beklenen toplam getiri s\u0131ras\u0131yla y\u00fczde 82, y\u00fczde 132 ve y\u00fczde 82 seviyesinde bulunuyor.<\/p>\n
Raporda, 2025\u2019te 1,37 milyon adetle rekor seviyeye ula\u015fan otomotiv sat\u0131\u015flar\u0131n\u0131n 2026\u2019n\u0131n ilk 8 ay\u0131nda y\u0131ll\u0131k bazda y\u00fczde 12 geriledi\u011fi belirtildi. Gedik Yat\u0131r\u0131m, sat\u0131\u015flardaki hareketin temel belirleyicilerinden birinin ara\u00e7 fiyatlar\u0131ndan ziyade finansman maliyetleri oldu\u011funu de\u011ferlendirdi.<\/p>\n
Kurum, T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131n\u0131n 2026\u2019n\u0131n son \u00e7eyre\u011finde faiz indirimlerine ba\u015flamas\u0131n\u0131 beklerken, otomotiv pazar\u0131n\u0131n 2026\u2019da 1,19 milyon, 2027\u2019de ise 1,29 milyon adede ula\u015faca\u011f\u0131n\u0131 \u00f6ng\u00f6rd\u00fc.<\/p>\n
Gedik Yat\u0131r\u0131m, DOAS\u2019\u0131n d\u00fc\u015fen reel faiz ortam\u0131ndan do\u011frudan etkilenebilecek \u015firketlerden biri oldu\u011funu belirtti. \u015eirketin net k\u00e2r\u0131n\u0131n 2025\u2019teki 3,1 milyar liradan 2027 tahmininde 7,8 milyar liraya y\u00fckselmesi bekleniyor. Kurumun temett\u00fc verimi tahmini ise 2026 i\u00e7in y\u00fczde 9,9, 2027 i\u00e7in y\u00fczde 13 seviyesinde.<\/p>\n
FROTO i\u00e7in Avrupa hafif ticari ara\u00e7 pazar\u0131 ile reel avro\/TL kurunun \u00f6nemli de\u011fi\u015fkenler oldu\u011fu belirtildi. Gedik Yat\u0131r\u0131m, \u015firketin FAV\u00d6K marj\u0131n\u0131n 2026 tahminindeki y\u00fczde 5,9 seviyesinden 2028\u2019de y\u00fczde 6,9\u2019a y\u00fckselmesini ve yat\u0131r\u0131m sermayesi getirisinin y\u00fczde 15\u2019e ula\u015fmas\u0131n\u0131 bekliyor. Kurum ayr\u0131ca 2027 i\u00e7in serbest nakit ak\u0131\u015f\u0131 verimini y\u00fczde 18, temett\u00fc verimini ise y\u00fczde 19 olarak tahmin ediyor.<\/p>\n
TOASO i\u00e7in ise k\u00e2rl\u0131l\u0131kta toparlanma beklentisinin \u00f6ne \u00e7\u0131kt\u0131\u011f\u0131 belirtildi. Raporda, K0 ihracat program\u0131 ve K9 projesinin Bursa fabrikas\u0131ndaki kapasite kullan\u0131m\u0131n\u0131n artmas\u0131na katk\u0131 sa\u011flamas\u0131n\u0131n beklendi\u011fi ifade edildi. Gedik Yat\u0131r\u0131m, kapasite kullan\u0131m oran\u0131n\u0131n 2028\u2019e kadar y\u00fczde 68\u2019e, FAV\u00d6K marj\u0131n\u0131n y\u00fczde 2,9\u2019dan y\u00fczde 5,8\u2019e, net k\u00e2r\u0131n ise 12,7 milyar liradan 32,9 milyar liraya y\u00fckselmesini \u00f6ng\u00f6r\u00fcyor.<\/p>\n
Raporda, \u00f6n\u00fcm\u00fczdeki 12 ayl\u0131k d\u00f6nemde T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131n\u0131n olas\u0131 faiz indirimi, \u015firketlerin 2026\u2019n\u0131n \u00fc\u00e7\u00fcnc\u00fc ve d\u00f6rd\u00fcnc\u00fc \u00e7eyrek finansal sonu\u00e7lar\u0131 ile 1 Ekim\u2019de y\u00fcr\u00fcrl\u00fc\u011fe giren BDDK tasarruf finansman d\u00fczenlemelerinin takip edilece\u011fi belirtildi.<\/p>\n
TOASO a\u00e7\u0131s\u0131ndan \u00fc\u00e7\u00fcnc\u00fc ve d\u00f6rd\u00fcnc\u00fc \u00e7eyrek finansal sonu\u00e7lar\u0131n\u0131n K0 ihracat\u0131 ve K9 \u00fcretiminin birlikte de\u011ferlendirilece\u011fi ilk tam d\u00f6nem olaca\u011f\u0131 ifade edildi. 2027\u2019de ise \u015firketlerin temett\u00fc teklifleri, Ford Avrupa\u2019n\u0131n \u00fcr\u00fcn plan\u0131, TOASO\u2019nun Kuzey Amerika\u2019ya K0 sevkiyatlar\u0131 ve DOAS a\u00e7\u0131s\u0131ndan T\u00dcVT\u00dcRK istasyon varl\u0131klar\u0131n\u0131n elden \u00e7\u0131kar\u0131lmas\u0131na ili\u015fkin ko\u015fullar\u0131n \u00f6ne \u00e7\u0131kabilece\u011fi kaydedildi.<\/p>\n
Gedik Yat\u0131r\u0131m, \u00fc\u00e7 \u015firket a\u00e7\u0131s\u0131ndan ortak de\u011fi\u015fkenlerden birinin reel kur oldu\u011funu belirtti. Raporda, reel kur hareketlerinin yurt i\u00e7i sat\u0131\u015flar ile ihracat\u00e7\u0131 \u015firketlerin marjlar\u0131n\u0131 farkl\u0131 y\u00f6nde etkileyebildi\u011fi de\u011ferlendirilerek, DOAS ve FROTO\u2019nun bu a\u00e7\u0131dan birbirini dengeleyen bir yap\u0131 sundu\u011fu, TOASO\u2019nun ise Bursa fabrikas\u0131ndaki kapasite kullan\u0131m\u0131ndaki art\u0131\u015fa ba\u011fl\u0131 daha y\u00fcksek operasyonel kald\u0131ra\u00e7 ta\u015f\u0131d\u0131\u011f\u0131 ifade edildi.<\/p>\n
<\/strong> \u0130stanbul, 1 Ekim (Hibya) – Gedik Yat\u0131r\u0131m, otomotiv sekt\u00f6r\u00fcne ili\u015fkin de\u011ferlendirmesinde DOAS, FROTO ve TOASO hisselerine y\u00f6nelik beklentilerini payla\u015ft\u0131. <\/p>\n","protected":false},"author":1,"featured_media":160039,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow07ekDA:productID":"","footnotes":""},"categories":[4,1,11,9],"tags":[],"class_list":["post-160038","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dunya","category-ekonomi","category-saglik","category-manset"],"_links":{"self":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/160038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/comments?post=160038"}],"version-history":[{"count":0,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/160038\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media\/160039"}],"wp:attachment":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=160038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/categories?post=160038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/tags?post=160038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nEKONOM\u0130 GAZETES\u0130 <\/p>\n","protected":false},"excerpt":{"rendered":"