Investment ideas by ASYL INVEST JSC (Kazakhstan) analysts' on September 7, 2009

07.09.09 19:28
/IRBIS, September 7, 09/ - ASYL INVEST JSC (Almaty) provided an overview of major events and their investment ideas and forecast to IRBIS on September 7, 2009. According to message, the company analysts' forecast the following developments on the international stock markets: - diversified dynamics in the share markets of the Europe is expected. The positive closing the trades in Friday will provide support to the markets in the USA, contrary to inconsistent macroeconomic statistics.We shall remind, that the unemployment rate in the USA reached 9.7 in August, in comparison with previous parameters in 9.4. The parameter was worse a consensus of forecast Bloomberg which meant, that unemployment will grow up to 9.5. However investors were pleased with data on change of quantity of workplaces in not agricultural sector of the USA: reduction made 216 thousand, in August, however a parameter it appeared better forecasts and it is better than parameters of the last months; expected declining at the opening of trading in Europe in response to falling U.S. indices in the second half of trading yesterday. The American Petroleum Institute (API) informed that there is a reduction in commercial oil reserves in the USA. It can support oil prices and shares of oil companies. Today will be officially published statistics from the U.S. Department of Energy (DOE); - the support to the markets in the Europe will provide a positive dynamics of the Asian indexes which grow in reply to positive closing of the trades in the USA and corporate news; - today, the constraining effect for dynamics of share indexes can render the holiday in the USA. The trades won't be organize in the USA, and accordingly the markets will remain without the main reference point. ASYL INVEST Analysts' give the following recommendations for investors: - on Friday, across GDR of JSC Gazprom (LSE: OGZD): the company depositary receipts were closed at a rate $19.85 having shown minor changes at trades. Thus, during the trades the quotation of securities fell below a point of an input recommended by us. Pressure on securities of Gazprom was rendered by quotations of oil futures, which have decreased at the beginning of the trades by influence of inconsistent statistics on a labour USA market. Later the quotation of oil futures have shown increase that today will positively affect a course of the trades by company securities. Trading recommendations of JSC ASIL INVEST on securities of the company stays as fundamental: to buy at a level $19.50 and to sell at a level $22.50. The consensus forecast Bloomberg means the average target price in $27.10 that assumes the fundamental bases for growth of cost of company securities. - by the Centerra Gold (LSE: TSE) shares: at the end of August the analysts of JSC ASIL INVEST recommended to look narrowly at stock quotes of company Centerra Gold and to buy at rice level close to 6 CAD. from those times thanks to positive dynamics of the gold prices, shares have grown up to 7.33 CAD (the price of closing on Friday on September, 04). Trading recommendations of joint-stock company ASIL INVEST on company securities: the recommended level of purchase has risen with 6.00 CAD up to 6.5 CAD; to sell it is recommended at a level 7.50 CAD. The consensus forecast Bloomberg means the average target price in 9.5 CAD that assumes the fundamental bases for growth of cost of papers of the company in long- term prospect. However now stock quotes of the company technically look bought up, and for speculatively adjusted investors of analytics of JSC ASIL INVEST recommends fixing profit at a level of the recommended price of sale. Analysts of JSC ASIL INVEST for more conservative investors recommend tools with the fixed profitableness on a bond market. Analysts of JSC ASIL INVEST recommend to pay attention to international bonds XS0243010443 JSC BankCenterCredit (indicative profitableness 16.75) as it is expected a rise in prices of the given bonds under influence of the positive reporting of bank. Analysts of JSC ASIL INVEST also I consider a current level of profitableness attractive to investors with long-term horizon of investment. [2009-09-07]