During an investor trip to Greece and Turkey, Jacqueline Broers, Deputy Portfolio Manager discusses TAV Airports, one of UEM’s top 30 holdings.

TAV is a leading airport operator – currently operating 5 airports in Turkey and another 10 airports in Kazakhstan (Almaty), Georgia, Tunisia, North Macedonia, Saudi Arabia, Croatia and Latvia.

Through its subsidiary service companies, TAV also provides services in all areas of airport operations such as duty-free, food and beverage, lounge and VIP services, ground handling, technology and security with a global footprint in 110 airports in 33 countries.

Despite a 50% share price increase over the past year, TAV is considered undervalued, with a lower EV multiple compared to European peers, suggesting further growth potential.

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