(+) Hükümet dövizle kira ve satışa son vermeye hazırlanıyor Hazine ve Maliye Bakanı’nın açıklamalarına göre, hükümet alışveriş merkezlerinde, evlerde, dükkanlarda dövizle kiralama ve satış dönemine son verileceğini açıkladı. Mavi’nin kira giderlerinin yaklaşık 2/3’ü yabancı para cinsinden anlaşmalı. Olası yeni düzenleme şirketin kira giderlerine ilişkin belirsizliği ortadan kaldıracaktır. Haberi hisse için pozitif olarak değerlendiriyoruz.
(+) The government considers prohibiting real estate renting and sales in FX-based / Positive for Mavi The Minister of Treasury and Finance stated that the government works on a new legislation that will prohibit FX-denominated sale and renting of any real estate property in Turkey. It is also stated that new bill will be introduced to the parliament soon. Mavi has some operational exposure to hard currencies due its USD and EUR denominated rent contracts in Turkey. However, note that two thirds of the company’s rental contracts in Turkey are FX-denominated while 60% of these contracts were capped with other clauses, with the company in negotiations with shop owners for the remaining 40% of the contracts to fix exchange rates for 2018. Even the clauses and the negotiations somehow cushion the negative impact of higher.
