Turkish retailers: Migros "gets online for growth", JPM ups

Sok Marketler Ticaret AS

13/12/2019 07:39

** JP Morgan expects innovation and space growth to be key
distinguishing factors for Turkish food retailers in the medium
term 
    ** It says dominant e-grocery player Migros  MGROS.IS  is
likely to be the main disrupter of the discount-store driven
retail model in Turkey, with the potential to catch up with
discounters on growth 
    ** The brokerage says Migros has the largest online
platform, while SOK  SOKM.IS  has a small presence via its
"click and collect" offering, and BIM  BIMAS.IS  has no online
presence 
    ** It also expects Migros's online revenues to grow 36%
annually, reaching around 8% of revenues by 2025
    ** The brokerage ups Migros to "overweight" from "neutral",
cuts BIM to "neutral" from "overweight", and remains at
"overweight" for SOK  
   

 ((Oben.mumcuoglu@tr.com))