The strong star of the stock market

ASELSAN, which has recently made a big move with the giant agreements it made, made its investors happy in Borsa Istanbul. Despite the turmoil in the stock market in the last year and the impact of the recent fund crisis; The company continues on its way by strengthening its business volume and balance sheet with successive agreements and its share performance is also impressive. This issue is announced in analyst reports with the following statements: "The order stock, which reached a record level with the international export contracts signed by ASELSAN and the defense industry projects in Turkey, supports the revenue visibility of the next 3-5 years at the highest level." In addition, Aselsan has also received its share of this attention at a time when the tensions between the USA and Iran, the developments in the Gulf region and the Russia-Ukraine war highlight the defense industry shares.

foreigner's favorite

While not only local but also foreign investors' interest in ASELSAN shares is in the direction of purchasing, more than half of the publicly traded shares are in the portfolio of international investors. ASELSAN's share price has appreciated by 50 percent since the beginning of the year. The stock's peak price this year, which was traded at a price of 345 TL on the stock exchange, reached 450 TL. On the other hand, investors who invested in company shares 3-5 years ago with a long-term view have achieved very high returns. The interest of investment portfolio companies and large funds in ASELSAN shares is also quite high; It is included in the active model portfolio preferences of nine important institutions of the market. Many companies continue to give purchasing advice.

New signing worth $125 million

ASELSAN made three separate notifications to the Public Disclosure Platform regarding the export contracts it signed in the field of defense industry in the last week. According to the notification made on October 2, ASELSAN signed a sales contract with an end user abroad for the export of Air Defense Systems with a total amount of 488 million 500 thousand euros. On October 6, it signed sales contracts with a total amount of 157.9 million dollars for the export of Electronic Warfare, Electro-Optics, Seeker, Reconnaissance and Surveillance, Communication and Weapon Systems to end users abroad.

ASELSAN informed KAP yesterday that it signed a sales contract with a total amount of 125 million dollars for the export of Weapons and Electronic Warfare systems to an end user abroad. The scope of the agreement consists of two system groups. With the signed contract, the company will sell electronic warfare systems abroad as well as weapon systems. With this agreement, the company, which has recently signed new business relationships one after another, aims to close the year with a strong performance on the balance sheet and sales side.