Turkiye Sise reports weak results as HSBC sets TRY 44 target for Turkiye Sise stock

Published on 10/01/2026 at 19:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue fell 12.45 percent in the second quarter of 2026. HSBC raised Turkiye Sise stock target from TRY 40 to TRY 44.

Turkiye Sise, TRATRKCM91F7, Illustration mit AI erstellt.

Turkiye Sise (ISIN TRATRKCM91F7) reported second-quarter revenue of TRY 60.82 billion, down 12.45 percent from the same quarter of 2025, according to Rota Borsa on September 7, 2026. On September 2, 2026, HSBC raised its target from TRY 40 to TRY 44 and retained its Hold rating, as reported by Hisse.net.

Revenue misses consensus

The second-quarter revenue figure came in below the TRY 62.90 billion consensus cited in the Rota Borsa review, creating a quantified gap of TRY 2.08 billion. The comparison matters because the shortfall appeared alongside weaker demand across several glass businesses and lower pricing in key categories.

Turkiye Sise reported net profit of TRY 3.35 billion for the second quarter of 2026, down 4.38 percent year over year. For the first half of 2026, however, net profit reached TRY 5.37 billion, an increase of 2.02 percent from the first half of 2025, according to Rota Borsa.

HSBC target meets operating pressure

HSBC's TRY 44 target stands above the TRY 37.34 Borsa Istanbul quote on October 1, 2026, while the bank's unchanged Hold rating highlights the difference between valuation potential and operating momentum. The results review also identified higher costs and weak demand as pressure points for margins.

The latest analyst target is part of a broader range. A September 25 overview from FKRadar listed an average target of TRY 57.86 from eight analysts, with estimates between TRY 44.00 and TRY 68.00, while also identifying the company as an industrial conglomerate listed on Borsa Istanbul.

Borsa Istanbul snapshot

Turkiye Sise was last at TRY 37.34 on Borsa Istanbul on October 1, 2026 at 6:09 p.m. TRT, up 1.74 percent versus the prior close of TRY 36.70. Its market capitalization was TRY 111.7 billion, and its 52-week range stood at TRY 32.44 to TRY 54.10 on the same date.