Posts Tagged Bim
Migros: New Growth Strategy Will Pan Out

Migros: New Growth Strategy Will Pan Out

Migros (BIST:MGROS) has recently underperformed the broad market despite the retailers specifically showed recently during the same timeframe. On a ytd basis, the shares fell by more than 12% while gains in the Turkish equity market benchmark index BIST 100 exceeded 5%. The underperformance is mostly due to the short FX position risks and the fears that the company would post a loss higher than expectations.

While accepting that Migros does face a number of...

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