Investment ideas by ASYL INVEST JSC (Kazakhstan) analysts' on September 25, 2009

/IRBIS, September 25, 09/ - ASYL INVEST JSC (Almaty) provided an overview of major events and their investment ideas and forecast to IRBIS on September 25, 2009. According to the massage the analysts of ASYL INVEST expected at international stock markets: - sentiment on the markets before today's trading develops is negative, but analysts of ASYL INVEST do not exclude the rebound on strong cheapened securities, against which investors can make purchases; - Asian indices this morning with mostly lower in response to falling U.S. and European markets. Futures for the American indexes show little change; - Today an impact on the market can provide the August's data on demand for durable goods in the United States, which is expected to increase and sales data on homes in the primary market, which is also expected to increase. Refined the September consumer confidence index data from the University of Michigan, also may influence the course of bidding. Preliminary data showed index of its growth up to 70.2 points. It is expected that the final value will be slightly revised upward to 70.5 points Analyst ASYL INVEST giving the following advice for investors: - on shares of Centerra Gold (TSX: CG): Centerra Gold shares during yesterday's trading were down more than 6 % and closed at around 7.27 in Canadian dollars. Current trading recommendations of ASYL INVEST on company securities: to buy at 6.5 Canadian dollars and to sell at 8 Canadian dollars. Yesterday, company issued a press release that the forecast was downgraded in gold production at Kumtorskom deposit in Kyrgyzstan. In particular, in the third quarter, the company expects production at the level of 120-130 thousand ounces instead of the previously projected 165-185 120-130 thousand ounces. In the fourth quarter, the company expects production at the level 225-235 120-130 thousand ounces instead of the previously projected 245-265 thousand Analysts say ASYL INVEST, quotes, companies have already played the information in yesterday's trading. A more important indicator of bearing on the continued momentum stocks, analysts believe quotes gold, which fell below 1 000 $ / tr. oz. during yesterday's trading. It is recommended to look closely to the securities of companies while reducing the recommended levels of purchase. - On the GDR of Gazprom (LSE: OGZD): depositary receipts of the company during yesterday's trading showed reduced by more than 2 % and closed at the mark of $ 23.7. Analysts of ASYL INVEST expect pressure on the quotations of securities of the company to survive against the backdrop of oil cheapened quotes, but did not rule out that oil, and paper companies can demonstrate a rebound that could be used as a speculative idea today. Current trading recommendations of ASYL INVEST in securities of the company: to buy at $ 22 and to sell at $ 25. For investors with long-term investment horizon the company's securities are also attractive. Currently under consideration by the Government of Russia to be the program for developing the Yamal fields and surrounding areas, which was developed by the Administration of Yamal with Gazprom under the leadership of the Ministry of Energy. It is assumed that the Yamal fields will be exempted from taxes on mineral extraction, and the Yamal region will become a major area of gas production by 2030. Bloomberg consensus forecast implies a target price of about $ 30 per GDR. It is recommended to look closely to the securities of companies with a decrease to the specified level of purchase. Analysts of ASYL INVEST for more conservative investors recommend fixed-income instruments in the bond market. Analysts of ASYL INVEST given the low risk of insolvency of the issuer, recommend paying attention to bonds KZPC2Y05B665 Mangistau Electricity Distribution Company (MREKb3, coupon bonds, yield - 16 %, the repayment period - 22/11/2011 - 05/12/2011, coupon - 12 %, fixed). The given material has exclusively information character and is not the offer or recommendation to make any transactions with the stocks. Agency Irbis doesn't take responsibility for the opinions which are in given material. [2009-09-25]