Investment ideas by ASYL INVEST JSC (Kazakhstan) analysts' on October 1, 2009

/IRBIS, October 1, 09/ - ASYL INVEST JSC (Almaty) provided an overview of major events and their investment ideas and forecast to IRBIS on October 1, 2009. According to the massage the analysts of ASYL INVEST expected at international stock markets: - sentiment on the markets before today's trading develops negative. Asian indices (except for China, where stock exchanges are closed due to holiday) falling within 0.5-1.5%. Futures for the American indexes show a decrease in the limits of 0.2%; - impact on the course of trading today may have the August data on personal spending and incomes in the United States. Expected growth rates. Traditional data applications for unemployment benefits now will also be published in the United States; - little later today, will be published data on index of industrial activity (ISM Manufacturing). It is expected that the index rose in September. In the United States will also be published data on uncompleted transaction for the sale of real estate for August; - indices of activity in the manufacturing sector (PMI Manufacturing) will be published today in the Eurozone and the UK. In Germany, the expected publication of data on retail sales for August. Analyst ASYL INVEST giving the following advice for investors: - on the GDR OAO Gazprom (LSE: OGZD): Gazprom depositary receipts in the course of trading on Wednesday, down more than 2,5% and closed at around the $ 23.25. Rating agency Fitch Ratings yesterday affirmed Gazprom at BBB with a "negative" outlook, which corresponds to the forecast on a sovereign rating. As the agency noted the company's stable financial position and strategy of aggressive expansion of business. At the same time, the decision was made public yesterday, the board of directors of the company to reduce the budget of the investment program by 17% to $ 25.4 billion Pressure quotation securities yesterday has dynamics of weak oil prices. However after the close of trading securities of companies, quotes oil yesterday rose by more than 5% on the background of data on commercial oil reserves in the United States. Current trading recommendations ASYL INVEST in securities of the company: recommend buying at $ 22, sell - at $ 25. Although the cost of securities has not reached the level of buying, analysts ASYL INVEST expect that this paper will demonstrate growth. - on the GDR OAO Norilsk Nickel (LSE: MNOD): Depository Receipts Nornikel during yesterday's trading, slid 2.3% and closed at around the $ 12.40. Expectations ASYL INVEST "overheated" market the company realized, but the current trading recommendations on securities of the company remain unchanged: to buy at $ 11, sell - at $ 13. The head of the company Vladimir Strzhalkovsky, at a press conference yesterday said that the company's net profit for the year will be about $ 1.2 billion, slightly more than it implies a consensus forecast of Bloomberg. Yesterday the company also announced the settlement of issue of Eurobonds in the amount of $ 500 million two news analysts ASYL INVEST evaluated positively and, although the cost of securities has not reached the level of purchases, it is expected that this paper can show growth. Nevertheless, ASYL INVEST recommends the purchase at these levels. Analysts of ASYL INVEST for more conservative investors recommend fixed-income instruments in the bond market. Analysts ASYL INVEST, given the level of a good financial condition of the company and it is unlikely the risk of insolvency of the issuer, that attention be paid to the bond KZ2CKY07B907 AO Zhairem Mining and Processing Plant (JGOKb2, indexed coupon bonds, yield 8.98% (after), coupon rate 9.7%, indexed to inflation, the repayment period, 05.04.2013 - 20.04.2013). Company's main activity is the search and geological exploration of ore and non-metallic mineral deposits from the calculation of their reserves, mining, processing and selling of ore and non-metallic minerals, 99.84% of shares owned by ENRC NV (Amsterdam, Netherlands). The given material has exclusively information character and is not the offer or the recommendation to make any transactions with the stocks. Agency "Irbis" doesn't take responsibility for the opinions which are in given material. [2009-10-01]