Garanti BBVA sets TRY 26.80 target for Petkim stock
Published on 10/14/2026 at 03:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSPetkim expansion and financial results
- Garanti BBVA Investment set a TRY 26.80 target for Petkim on September 22, 2026.
- Petkim reported TRY 65.30 billion in sales and TRY 4.40 billion in net profit for the first half of 2026.
- Petkim's engineering phase carries a USD 70.00 million commitment dated October 1, 2026.
- Petkim's market capitalization was TRY 52.9 billion on October 13, 2026.
Garanti BBVA Investment set a TRY 26.80 target for Petkim on September 22, 2026, while assigning the stock an index-matching return view, Para Ajansi reported. Petkim is listed on Borsa Istanbul under PETKM and operates in basic materials and chemicals.
Three milestones shape the story
Petkim reported TRY 65.30 billion in sales and TRY 4.40 billion in net profit for the first half of 2026, according to FVT on September 23, 2026.
Garanti BBVA Investment's TRY 26.80 target followed on September 22, 2026, with the recommendation described as index matching by Para Ajansi.
On October 1, 2026, Petkim was reported to have awarded engineering and technology contracts for a proposed integrated petrochemical complex in Aliaga, Türkiye, with the project phase valued at USD 70.00 million, Global Flow Control reported.
What does the expansion change?
The engineering work covers a proposed mixed-feed ethylene cracker with 1.20 million tonnes of annual capacity, alongside an 850,000-tonne polyethylene complex and a 550,000-tonne polypropylene plant, according to ScanX on October 13, 2026.
The project therefore adds a long-duration growth option to a business that already supplies thermoplastics, fiber materials and other chemicals to industries including packaging, construction and automotive. The financial reading is more immediate: first-half net profit of TRY 4.40 billion followed a loss of TRY 4.38 billion in the comparable period, according to Para Ajansi.
Market value and reporting date
Petkim's market capitalization was TRY 52.9 billion on October 13, 2026. Its 52-week range was TRY 16.12 to TRY 28.06, placing the latest quoted level within a broad trading band.
November 5, 2026 is listed as Petkim's estimated earnings date by Yahoo Finance.
Petkim's next valuation marker
The TRY 26.80 target from September 22, 2026 sits above the latest market reference, while the estimated November 5, 2026 reporting date offers the next scheduled test for sales, profitability and expansion spending. The combination of improved first-half earnings and a USD 70.00 million engineering phase gives the stock both a recovery figure and a capital-intensive growth theme.
Market context: Market report BIST 100.
