{"id":32513,"date":"2014-04-03T16:19:12","date_gmt":"2014-04-03T13:19:12","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=32513"},"modified":"2014-04-03T17:18:53","modified_gmt":"2014-04-03T14:18:53","slug":"ali-erkan-tanacioglu-pinar-su-pinsu-hisse-analizi-03-04-2014","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/ali-erkan-tanacioglu-pinar-su-pinsu-hisse-analizi-03-04-2014\/","title":{"rendered":"Ali Erkan Tanac\u0131o\u011flu P\u0131nar Su (PINSU) Hisse Analizi &#8211; (03.04.2014)"},"content":{"rendered":"<p><em><strong>P\u0131nar Su, Ayd\u0131n, Isparta ve Sakarya\u2019daki \u00fcretim tesislerinde su dolumu ve \u015fi\u015fe su \u00fcretimi yapmaktad\u0131r.<\/strong><\/em><\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-1584843494\"><ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-7495567325667578\"\r\n     data-ad-slot=\"9580705384\"\r\n     data-ad-format=\"rectangle\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Y\u0131ll\u0131kland\u0131r\u0131lm\u0131\u015f sat\u0131\u015f ve karl\u0131l\u0131k durumunu inceledi\u011fimizde a\u015fa\u011f\u0131daki grafikte g\u00f6r\u00fcld\u00fc\u011f\u00fc \u00fczere sat\u0131\u015f gelirleri y\u0131llar itibariyle art\u0131\u015f g\u00f6steren \u015firketin cirosu\u00a0bir \u00f6nceki y\u0131la g\u00f6re %10.3 art\u0131\u015f g\u00f6stererek 109.9 milyon TL olarak ger\u00e7ekle\u015fmi\u015ftir.<\/p>\n<p><a href=\"http:\/\/www.bilgeyatirimci.com\/wp-content\/uploads\/2014\/04\/p\u0131nsu-karl\u0131l\u0131k.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-32514\" alt=\"p\u0131nsu karl\u0131l\u0131k\" src=\"http:\/\/www.bilgeyatirimci.com\/wp-content\/uploads\/2014\/04\/p\u0131nsu-karl\u0131l\u0131k.png\" width=\"550\" height=\"300\" \/><\/a><\/p>\n<p>Sat\u0131lan mal\u0131n maliyetinin 6 puan artarak %59.9\u2019a y\u00fckselmesi, br\u00fct kar marj\u0131n\u0131n 2012 y\u0131l\u0131nda %46.6\u2019dan 2013 y\u0131l\u0131nda %40.5\u2019e gerilemesine neden olmu\u015ftur.<\/p>\n<p>Faaliyet giderlerindeki %13.4\u2019l\u00fck art\u0131\u015f esas faaliyetlerde g\u00f6r\u00fclen zarar\u0131 -2 milyon TL\u2019den -11.4 milyon TL seviyesine y\u00fckseltmi\u015f, 3.3 milyon TL\u2019lik ertelenmi\u015f\u00a0vergi gelirinin pozitif katk\u0131s\u0131na ra\u011fmen 2013\/12 d\u00f6nemi 8.6 milyon TL zararla kapat\u0131lm\u0131\u015ft\u0131r.<\/p>\n<p>Esas faaliyet kar\u0131 ve net kar\u0131 2010 y\u0131l\u0131ndan buyana d\u00fc\u015f\u00fc\u015f trendinde olan \u015firketin, faaliyetlerinden nakit olu\u015fturmakta ve \u00f6zvarl\u0131klar\u0131n\u0131\u00a0art\u0131rmakta zorland\u0131\u011f\u0131n\u0131 s\u00f6yleyebiliriz. (\u00f6zvarl\u0131k karl\u0131l\u0131\u011f\u0131 2012\/12 d\u00f6neminde %0.5 iken 2013\/12 d\u00f6neminde -11.8\u2019dir)<\/p>\n<p>46.1 milyon TL piyasa de\u011ferine sahip olan P\u0131nar Su, 0.61 PD\/DD ile i\u015flem g\u00f6rmektedir. Son bir y\u0131l i\u00e7erisinde 0.77 ile 0.50 aras\u0131nda dalgalanan PD\/DD oran\u0131, 1.98 olan\u00a0sekt\u00f6r PD\/DD oran\u0131na g\u00f6re olduk\u00e7a d\u00fc\u015f\u00fck seviyede olup, \u00a0\u015firketin kendi ge\u00e7mi\u015f de\u011ferleri ile k\u0131yasland\u0131\u011f\u0131nda normal de\u011ferdedir. \u015eirket 2013\/12 d\u00f6neminde 8.6 milyon TL zarar a\u00e7\u0131klad\u0131\u011f\u0131 i\u00e7in F\/K oran\u0131 anlams\u0131zd\u0131r.<\/p>\n<p>BIST-100\u2019e g\u00f6re performans\u0131n\u0131 de\u011ferlendirecek olursak \u015firketin Eyl\u00fcl 2013\u2019den itibaren BIST-100 \u00fczerinde performans sergiledi\u011fini g\u00f6rmekteyiz.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-32515 alignnone\" alt=\"biste g\u00f6re performans\" src=\"http:\/\/www.bilgeyatirimci.com\/wp-content\/uploads\/2014\/04\/biste-g\u00f6re-performans.png\" width=\"355\" height=\"259\" srcset=\"https:\/\/www.bilgeyatirimci.com\/wp-content\/uploads\/2014\/04\/biste-g\u00f6re-performans.png 355w, https:\/\/www.bilgeyatirimci.com\/wp-content\/uploads\/2014\/04\/biste-g\u00f6re-performans-300x218.png 300w\" sizes=\"auto, (max-width: 355px) 100vw, 355px\" \/><\/p>\n<p>\u015eirketin ve sekt\u00f6r\u00fcn mevcut g\u00f6r\u00fcn\u00fcm\u00fcne g\u00f6re, 2014 y\u0131l\u0131n\u0131n 2013\u2019e paralel bir y\u0131l olmas\u0131 beklenmektedir.<\/p><div class=\"bilge-content-1\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-339865857\"><ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-7495567325667578\"\r\n     data-ad-slot=\"3167340272\"\r\n     data-ad-format=\"rectangle\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Teknik olarak de\u011ferlendirecek olursak;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-32516\" alt=\"p\u0131nsu grafik\" src=\"http:\/\/www.bilgeyatirimci.com\/wp-content\/uploads\/2014\/04\/p\u0131nsu-grafik.png\" width=\"550\" height=\"500\" \/><\/p>\n<p>G\u00fcnl\u00fck grafikte 4.84 direncinden 2.84 deste\u011fine kadar d\u00fc\u015f\u00fc\u015f yapt\u0131ktan sonra d\u00fczeltmeler yaparak ilerleyen fiyat\u0131n son d\u00f6nemde yatay bir seyir izledi\u011fini\u00a0g\u00f6rmekteyiz. Grafikte al\u00e7alan trend 3.90 seviyesinden ge\u00e7iyor. K\u0131sa vadeli yatay diren\u00e7 olan ve daha \u00f6nce 3 defa ge\u00e7ilmeye \u00e7al\u0131\u015f\u0131lan 3.66 seviyesi \u00f6nemli \u00a0bir seviye olarak g\u00f6r\u00fclmektedir. A\u015f\u0131r\u0131 al\u0131m sat\u0131m indikat\u00f6rlerinden RSI ortalamas\u0131 \u00fczerinde yukar\u0131 y\u00f6nl\u00fc hareket ediyor. Son iki g\u00fcn i\u00e7erisinde fiyatta g\u00f6r\u00fclen \u00a0gev\u015femelerle indikat\u00f6rde bir zay\u0131fl\u0131k g\u00f6r\u00fcyoruz. Orta vadeli trend indikat\u00f6rlerinden MACD al konumunda ve s\u0131f\u0131r seviyesine dayanm\u0131\u015f. Hacim indikat\u00f6rlerinden OBV \u00a0ortalamas\u0131 \u00fczerinde hareket ediyor. Teknik indikat\u00f6rler al\u0131m y\u00f6nl\u00fc bir bask\u0131y\u0131 hissettiriyor olsa da yukar\u0131 y\u00f6nl\u00fc bir hareketin \u00a0ba\u015flamas\u0131 i\u00e7in ilk etapta 3.66 yatay direncinin ge\u00e7ilmesi gerekiyor. Son bir haftad\u0131r endekste yukar\u0131 y\u00f6nl\u00fc hareketler g\u00f6rd\u00fck. \u00a0Dolar\/TL ve tahvilde g\u00f6r\u00fclen d\u00fc\u015f\u00fc\u015fler endekse olumlu bir \u015fekilde yans\u0131d\u0131. Cuma g\u00fcn\u00fc Fitch bir rapor a\u00e7\u0131klayacak, ayn\u0131 zamanda ABD&#8217;den tar\u0131m d\u0131\u015f\u0131 istihdam verisi \u00a0a\u00e7\u0131klanacak. Fitch ve tar\u0131m d\u0131\u015f\u0131 istihdam olumsuz bir i\u00e7eri\u011fe sahip olursa bu endekse olumsuz olarak yans\u0131yarak beraberinde kar sat\u0131\u015flar\u0131n\u0131 getirebilir. \u015eu an fiyat 3.59 seviyesinde bulunuyor. \u00a0Mevcut konjonkt\u00fcrde fiyat\u0131n bir m\u00fcddet 3.45-3.66 band\u0131nda hareket etmesi beklenebilir. E\u011fer fiyat 3.45 seviyesine kadar d\u00fc\u015ferse bu d\u00fc\u015f\u00fc\u015f al\u0131m f\u0131rsat\u0131 olarak \u00a0de\u011ferlendirilip, 3.45-3.66 aras\u0131nda, 3.35 stop se\u00e7ilerek trade yap\u0131labilir. Alternatif strateji olarakta 3.66 \u00fczerinde g\u00f6r\u00fclen hacimli kapan\u0131\u015fta al\u0131m yap\u0131larak\u00a0hedef olarak 3.90 seviyesi se\u00e7ilebilir. Al\u0131m yap\u0131lmas\u0131 halinde 3.55 stop olarak belirlenip, 3.55 alt\u0131nda ger\u00e7ekle\u015fen kapan\u0131\u015flarda\u00a0stop yap\u0131lmal\u0131d\u0131r.<\/p>\n<p>Yukar\u0131 y\u00f6nl\u00fc hareketlerde diren\u00e7ler: 3.90-4.02-4.84<\/p>\n<p>A\u015fa\u011f\u0131 y\u00f6nl\u00fc hareketlerde destekler: \u00a03.37-3.10-2.84 olarak g\u00f6r\u00fclmektedir.<\/p><div class=\"bilge-content-2\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-440998464\"><ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-7495567325667578\"\r\n     data-ad-slot=\"1818807385\"\r\n     data-ad-format=\"rectangle\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Ali Erkan Tanac\u0131o\u011flu<br \/>\nAra\u015ft\u0131rma Uzman Yrd.<br \/>\nGedik Yat\u0131r\u0131m<\/p>\n","protected":false},"excerpt":{"rendered":"<p>P\u0131nar Su, Ayd\u0131n, Isparta ve Sakarya\u2019daki \u00fcretim tesislerinde su dolumu ve \u015fi\u015fe su \u00fcretimi yapmaktad\u0131r. Y\u0131ll\u0131kland\u0131r\u0131lm\u0131\u015f sat\u0131\u015f ve karl\u0131l\u0131k durumunu inceledi\u011fimizde a\u015fa\u011f\u0131daki grafikte g\u00f6r\u00fcld\u00fc\u011f\u00fc \u00fczere&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[1083,1081,1077,1076,1168],"class_list":["post-32513","post","type-post","status-publish","format-standard","hentry","category-tumyazilar","tag-araci-kurum-arastirma-raporlari","tag-hisse-senedi-arastirma-raporlari","tag-hisse-senedi-yorumlari","tag-hisse-yorumlari","tag-pinar-su-hisse-yorumlari"],"_links":{"self":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/32513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=32513"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/32513\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=32513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=32513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=32513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}