{"id":15546,"date":"2023-01-26T17:33:29","date_gmt":"2023-01-26T17:33:29","guid":{"rendered":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2023\/01\/26\/info-yatirim-2023-yili-hisse-onerileri-ve-strateji-raporu\/"},"modified":"2023-01-26T17:33:29","modified_gmt":"2023-01-26T17:33:29","slug":"info-yatirim-2023-yili-hisse-onerileri-ve-strateji-raporu","status":"publish","type":"post","link":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2023\/01\/26\/info-yatirim-2023-yili-hisse-onerileri-ve-strateji-raporu\/","title":{"rendered":"\u0130nfo Yat\u0131r\u0131m 2023 y\u0131l\u0131 hisse \u00f6nerileri ve strateji raporu"},"content":{"rendered":"<p><strong>\u0130nfo Yat\u0131r\u0131m 2023 y\u0131l\u0131na dair beklentilerini a\u00e7\u0131klad\u0131\u011f\u0131 strateji raporunu yay\u0131mlad\u0131.<\/strong><\/p>\n<h2 class=\"wp-block-heading\">Hisse \u00f6nerileri<\/h2>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"526\" src=\"https:\/\/rotaborsa.com\/wp-content\/uploads\/2023\/01\/info-oneriler-large.png\" alt=\"| Rota Borsa\" class=\"wp-image-8724\" title=\"| Rota Borsa\" \/><\/figure>\n<h2 class=\"wp-block-heading\">\u0130nfo Yat\u0131r\u0131m raporundan;<\/h2>\n<p>2022 y\u0131l\u0131 yurt i\u00e7i piyasalar a\u00e7\u0131s\u0131ndan adeta bayram havas\u0131 tad\u0131nda ge\u00e7ti. B\u0130ST100 endeksi 2022\u2019de 6 kazand\u0131r\u0131rken, global piyasalardan da fazlas\u0131yla pozitif ayr\u0131\u015ft\u0131. Yurt i\u00e7i ve yurt d\u0131\u015f\u0131ndaki belirsizliklerin etkisi yabanc\u0131 yat\u0131r\u0131mc\u0131 ilgisini azalt\u0131rken, y\u00fckselen enflasyon neticesinde yerli yat\u0131r\u0131mc\u0131 ilgisinin alternatif getiri aray\u0131\u015f\u0131 i\u00e7erisinde Borsa\u2019ya y\u00f6nelimi fazlas\u0131yla artt\u0131.<\/p>\n<p>Dolar taraf\u0131n\u0131n son zamanlarda stabil gitmesi ile KKM\u2019den \u00e7\u0131kan nakdin Borsa\u2019ya giri\u015fiyle piyasalar desteklendi. Her d\u00f6nemin ayr\u0131 bir hikayesi olu\u015ftu. Y\u00fckselen enflasyon neticesinde perakende ve enerji, g\u00fc\u00e7l\u00fc turizm sezonu ile pandeminin azalmas\u0131 sonras\u0131nda ula\u015ft\u0131rma, jeopolitik gerginlikle birlikte \u00e7elik ve hurda fiyatlar\u0131ndaki sert y\u00fckseli\u015f ile metal ana sanayi, kur oynakl\u0131\u011f\u0131 ile ihracat\u00e7\u0131 \u015firketler, TCMB\u2019nin faiz indirimleri ile bankac\u0131l\u0131k, a\u00e7\u0131klanan konut projeleri ile talebin \u00f6ne \u00e7ekilmesi ile GYO sekt\u00f6r\u00fc \u00f6ne \u00e7\u0131kt\u0131.<\/p>\n<div class=\"kanews-banner kanews-banner-single\">\n<div style=\"min-height:280px\" data-empower-zone=\"159899\" class=\"empower-ad\"><\/div>\n<\/div>\n<p>Di\u011fer bir hikaye ise halka arzlar oldu. Sermayenin tabana yay\u0131lmas\u0131 amac\u0131 ile birlikte Borsa\u2019n\u0131n de\u011ferine de\u011fer katan halka arzlar fazlas\u0131yla ilgi g\u00f6rd\u00fc. Halka arzlar\u0131n performanslar\u0131n\u0131 da g\u00f6z \u00f6n\u00fcne al\u0131rsak yeni yat\u0131r\u0131mc\u0131 kitlesi olu\u015ftu ve son verilere g\u00f6re yat\u0131r\u0131mc\u0131 say\u0131s\u0131 3,8 milyona ula\u015ft\u0131. Nakit giri\u015finin artmas\u0131, kar\u015f\u0131lanmayan taleplerdeki nakdin tekrar Borsa\u2019ya girmesi halka arzlar sonras\u0131nda Borsa\u2019da yeni bir hikaye olu\u015fturdu. Bilan\u00e7o d\u00f6nemleri de kataliz\u00f6r olarak \u00f6ne \u00e7\u0131kt\u0131.<\/p>\n<p><strong>2022\u2019de ne ald\u0131ysak gitti mottosu olu\u015fmu\u015fken, 2023\u2019te bu durumun olmas\u0131n\u0131 beklemiyoruz.<\/strong><br \/>Makro ekonomi a\u00e7\u0131s\u0131ndan ise hemen hemen t\u00fcm \u00fclkeler art\u0131r\u0131lan faizlerle birlikte resesyon tehlikesi ya\u015farken, yurt i\u00e7inde b\u00fcy\u00fcme odakl\u0131 strateji \u00e7er\u00e7evesinde resesyon endi\u015fesi olmadan b\u00fcy\u00fcyen bir ekonomi olarak yurt d\u0131\u015f\u0131ndan pozitif ayr\u0131\u015ft\u0131k.<\/p>\n<h2 class=\"wp-block-heading\">Yurt i\u00e7i Makro g\u00f6r\u00fcn\u00fcm<\/h2>\n<p>2022 y\u0131l\u0131n\u0131 geride b\u0131rakt\u0131\u011f\u0131m\u0131z bu d\u00f6nemde 2023 y\u0131l\u0131 i\u00e7in enflasyonun etkisini g\u00f6rece yitirdi\u011fi, Rusya \u2013 Ukrayna sava\u015f\u0131 kaynakl\u0131 ya\u015fanan enerji fiyatlar\u0131ndaki dalgalanmadan g\u00f6rece az etkilendi\u011fimiz hatta T\u00fcrkiye\u2019nin bir enerji da\u011f\u0131t\u0131m merkezi olmas\u0131 y\u00f6n\u00fcnde ad\u0131mlar\u0131n at\u0131ld\u0131\u011f\u0131 bir s\u00fcre\u00e7 bizi bekliyor gibi g\u00f6z\u00fck\u00fcyor.<\/p>\n<p>Her ne kadar d\u00fcnya genelinde artan enflasyon kaynakl\u0131 merkez bankalar\u0131 faiz art\u0131\u015f d\u00f6ng\u00fcs\u00fcne girerken, Japonya, \u00c7in ve T\u00fcrkiye b\u00fcy\u00fcmeyi ve istihdam\u0131 \u00f6ncelikleyen politikalar izledi. Faiz art\u0131\u015flar\u0131yla enflasyon kontrol alt\u0131na al\u0131nmak istense de enflasyonun arz m\u0131 yoksa talep kaynakl\u0131 m\u0131 oldu\u011fu \u00fclkeden \u00fclkeye farkl\u0131l\u0131k g\u00f6sterdi. Faiz art\u0131\u015flar\u0131, talep y\u00f6nl\u00fc enflasyon \u00fczerindeki etkili olurken arz\/\u00fcretim kaynakl\u0131 enflasyon \u00fczerindeki etkisi ise g\u00f6rece k\u0131s\u0131tl\u0131 oldu. K\u00fcresel \u00e7apta ya\u015fanan enflasyon art\u0131\u015f\u0131n\u0131n temelinde ise arz<br \/>kaynakl\u0131 (tedarik zinciri s\u0131k\u0131nt\u0131lar\u0131, artan emtia, enerji ve g\u0131da fiyatlar\u0131 vb.) enflasyon daha bask\u0131n bir \u015fekilde ortaya \u00e7\u0131kt\u0131.<\/p>\n<p>Arz y\u00f6nl\u00fc enflasyon bask\u0131s\u0131n\u0131n, \u00c7in\u2019in ekonomiyi coronavir\u00fcs k\u0131s\u0131tlar\u0131n\u0131 kald\u0131rmas\u0131yla birlikte, azalmaya ba\u015flamas\u0131na paralel olarak k\u00fcresel faiz oranlar\u0131nda da tepe noktas\u0131ndan d\u00f6n\u00fc\u015f sinyallerinin gelmesi sonucunda ise 2023 y\u0131l\u0131n\u0131n g\u00f6rece daha destekleyici olaca\u011fa benziyor. Buna ra\u011fmen bir\u00e7ok uluslararas\u0131 kurum ve kurulu\u015f ise 2023 y\u0131l\u0131 i\u00e7in g\u00f6rece karamsar bir tablo ortaya koymakta olup, k\u00fcresel b\u00fcy\u00fcmenin ise IMF\u2019in son raporunda yer verdi\u011fi \u00fczere %3,2 seviyesinden 2023 y\u0131l\u0131nda %2,7 hatta %2 seviyesine kadar<br \/>gerileme ihtimali s\u00f6z konusu.<\/p>\n<p>\u00d6zellikle geli\u015fmi\u015f \u00fclkelerin, k\u00fcresel b\u00fcy\u00fcmeye sa\u011flayaca\u011f\u0131 katk\u0131n\u0131n ise %2,4 seviyesinden %1,1 seviyesine inmesi beklenmekte olup k\u00fcresel ticaret hacmindeki d\u00fc\u015f\u00fc\u015f de benzer beklentileri ortaya koyuyor. Di\u011fer bir\u00e7ok rapor gibi IMF raporunda da d\u00fcnya ekonomisi i\u00e7in temelde 3 probleme de\u011finiliyor.<\/p>\n<p>Coronavir\u00fcs kaynakl\u0131 vaka art\u0131\u015f\u0131 ve tedarik zinciri s\u0131k\u0131nt\u0131lar\u0131,<\/p>\n<p>Merkez bankalar\u0131n\u0131n faiz art\u0131r\u0131m\u0131na devam etmesi ve resesyon\/kriz riski,<\/p>\n<p>Rusya \u2013 Ukrayna sava\u015f\u0131 sonucunda enerji ve emtia fiyatlar\u0131nda geri \u00e7ekilmenin k\u0131s\u0131tl\u0131 kalmas\u0131,<\/p>\n<p>Bir\u00e7ok kuruma ait raporlar\u0131n yaz\u0131m tarihleri her ne kadar yeni olsa da \u00c7in\u2019in coronavir\u00fcs k\u0131s\u0131tlamalar\u0131n\u0131 kald\u0131rmas\u0131 ise \u00e7o\u011fu raporda yer alm\u0131yor. D\u00fcnyan\u0131n en b\u00fcy\u00fck ekonomisinin tekrar a\u00e7\u0131lmas\u0131n\u0131n k\u00fcresel b\u00fcy\u00fcme ve ticaret hacmi \u00fczerinde yarataca\u011f\u0131 etki ise ka\u00e7\u0131n\u0131lmaz. K\u00fcresel ekonomik b\u00fcy\u00fcmeye dair riskler do\u011fal olarak da yurti\u00e7i piyasalarda da yer bulmakta olup bankalar\u0131n \u00f6zellikle \u00f6zel bankalar\u0131n yurt d\u0131\u015f\u0131 sendikasyon kredisi bor\u00e7 \u00e7evirme oranlar\u0131nda da d\u00fc\u015f\u00fc\u015f g\u00f6ze \u00e7arpmaktad\u0131r.<\/p>\n<p>Her ne kadar 2023 beklentileri kurumdan kuruma farkl\u0131l\u0131k g\u00f6sterse de bizi bekleyen risk ve f\u0131rsatlar\u0131 a\u015fa\u011f\u0131daki \u015fekilde \u00f6zetleyebiliriz;<\/p>\n<p><strong>Riskler:<\/strong><\/p>\n<p>\u00d6ne \u00e7ekilen t\u00fcketim harcamalar\u0131 sebebiyle d\u00fc\u015fen i\u00e7 talep<\/p>\n<p>Zay\u0131f seyreden d\u0131\u015f talep (yeni geli\u015fmeler \u0131\u015f\u0131\u011f\u0131nda beklenen kadar negatif etki etmesi beklenmemektedir)<\/p>\n<p> Y\u00fcksek CDS ve artan yurtd\u0131\u015f\u0131 finansman maliyetleri kaynakl\u0131, kredi musluklar\u0131n\u0131n kapanmaya ba\u015flamas\u0131<\/p>\n<p>D\u00fc\u015fen sabit sermaye olu\u015fumu<\/p>\n<p>Artan cari a\u00e7\u0131k ve b\u00fct\u00e7e a\u00e7\u0131\u011f\u0131 sebebiyle kamu destek ve te\u015fviklerinde kesinti<\/p>\n<p><strong>F\u0131rsatlar:<\/strong><\/p>\n<p>Tedarik zinciri aksamalar\u0131 sebebiyle T\u00fcrkiye\u2019nin k\u00fcresel \u00fcretim merkezi olma olas\u0131l\u0131\u011f\u0131<\/p>\n<p>Enerji da\u011f\u0131t\u0131m merkezi projesi ve Rusya\u2019ya uygulanan yapt\u0131r\u0131mlar kaynakl\u0131 alternatif pazar konumu<\/p>\n<p>Rusya\u2019n\u0131n d\u00fcnyaya a\u00e7\u0131lan kap\u0131s\u0131 olma rol\u00fc<\/p>\n<p>2023 y\u0131l\u0131 ikinci yar\u0131dan sonra k\u00fcresel para politikalar\u0131n\u0131n gev\u015feme olas\u0131l\u0131\u011f\u0131<\/p>\n<p><strong>\u0130nfo Yat\u0131r\u0131m Raporundan al\u0131nm\u0131\u015ft\u0131r.<\/strong><\/p>\n<p><strong>Uyar\u0131 Notu: Burada yer alan yat\u0131r\u0131m bilgi, yorum ve tavsiyeleri yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131 kapsam\u0131nda de\u011fildir. Yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131 hizmeti; arac\u0131 kurumlar, portf\u00f6y y\u00f6netim \u015firketleri, mevduat kabul etmeyen bankalar ile m\u00fc\u015fteri aras\u0131nda imzalanacak yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131 s\u00f6zle\u015fmesi \u00e7er\u00e7evesinde sunulmaktad\u0131r. Burada yer alan yorum ve tavsiyeler, yorum ve tavsiyede bulunanlar\u0131n ki\u015fisel g\u00f6r\u00fc\u015flerine dayanmaktad\u0131r. Bu g\u00f6r\u00fc\u015fler mali durumunuz ile risk ve getiri tercihlerinize uygun olmayabilir. Bu nedenle, sadece burada yer alan bilgilere dayan\u0131larak yat\u0131r\u0131m karar\u0131 verilmesi beklentilerinize uygun sonu\u00e7lar do\u011furmayabilir<\/strong>.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u0130nfo Yat\u0131r\u0131m 2023 y\u0131l\u0131na dair beklentilerini a\u00e7\u0131klad\u0131\u011f\u0131 strateji raporunu yay\u0131mlad\u0131. Hisse \u00f6nerileri \u0130nfo Yat\u0131r\u0131m raporundan; 2022 y\u0131l\u0131 yurt i\u00e7i piyasalar a\u00e7\u0131s\u0131ndan adeta bayram havas\u0131 tad\u0131nda ge\u00e7ti. B\u0130ST100 endeksi 2022\u2019de 6 kazand\u0131r\u0131rken, global piyasalardan da fazlas\u0131yla pozitif ayr\u0131\u015ft\u0131. Yurt i\u00e7i ve yurt d\u0131\u015f\u0131ndaki belirsizliklerin etkisi yabanc\u0131 yat\u0131r\u0131mc\u0131 ilgisini azalt\u0131rken, y\u00fckselen enflasyon neticesinde yerli yat\u0131r\u0131mc\u0131 ilgisinin alternatif [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15547,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-15546","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-borsa-haberleri"],"_links":{"self":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/15546","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/comments?post=15546"}],"version-history":[{"count":0,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/15546\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media\/15547"}],"wp:attachment":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media?parent=15546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/categories?post=15546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/tags?post=15546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}