Investment ideas by ASYL INVEST JSC (Kazakhstan) analysts' on October 6, 2009
06.10.09 17:40
/IRBIS, October 6, 09/ - ASYL INVEST JSC (Almaty) provided an overview of
major events and their investment ideas and forecast to IRBIS on October 6,
2009.
According to the massage the analysts of ASYL INVEST expected at
international stock markets:
- sentiment of markets on today's trading develops moderately positive. Asian
indices (except for China, where stock exchanges are closed for the weekend)
grow within 0.5-1%. Futures for the American indexes show little change;
- impact on the course of trading today may have the August data on the
change in industrial production and manufacturing output in the UK;
- Analysts of ASYL INVEST expect that today, in the course of trading in
Europe, the relative support will feel the paper commodity and financial
sectors. At the same time, analysts believe that in anticipation of the
beginning of the reporting season, and in particular the publication of the
report Alcoa for the third quarter of 2009, investors will exercise extreme
caution.
Analyst ASYL INVEST giving the following advice for investors:
- on the GDR Gazprom JSC (LSE: OGZD): depositary receipts of the
company in the course of trading on Monday became cheaper in price by
less than 0.3%. On Friday, the decline was about 2.7%. At the current price
of $ 22.78, trading recommendations ASYL INVEST in securities of the
company: buy at $ 22.0 and to sell at $ 25. External background for today's
dynamic market company develops moderately positive. Quotes of oil during
yesterday's trading entrenched above $ 70 a barrel, as well as paper's oil
and gas sector in the U.S. have demonstrated growth within 1,5-3% during
yesterday's trading. On the other hand, the impact on the dynamics of trades
in the coming days may provide information on commercial oil stocks in the
U.S. and the beginning of the season reporting. It is recommended to make
purchases at lower prices below the recommended level, splitting the
transaction into smaller lots.
- the GDR Rosneft JSC(LSE: ROSN): depository receipts of Rosneft during
trading on Monday became cheaper in price by less than 0,5%. On Friday,
the decline was more than 5%. At the current price of $ 7.33, trading
recommendations of ASYL INVEST in securities of the company: buy at $
6.5, to sell at $ 8. As for the securities of Gazprom, the background for
today's dynamic securities company develops moderately positive. It is
recommended to make purchases at lower prices below the recommended
level, splitting the transaction into smaller lots.
- the GDR of WimpelCom JSC (NYSE: VIP): depository receipts of
VimpelCom during yesterday's trades increased in price by more than 9%
and closed at around the $ 19.70. In the media reported that the company
Telenor and Altimo (shareholders cellular operators in Russia and Ukraine)
are close to resolving disputes regarding the allocation of property. By
themselves, progress in that the assets will be combined, suggest a positive
impact for the company's business from the synergy. Trading
recommendations of ASYL INVEST in securities companies, however,
remain the same: buy at $ 16, sell - at $ 20. It is recommended to record
profits in excess of the recommended level of sales.
Analysts of ASYL INVEST for more conservative investors recommend
fixed-income instruments in the bond market. Analysts of ASYL INVEST
suggest to look at the bonds KZPC2Y05B665 Mangistau Electricity
Distribution Company (MREKb3, yield - 16% (last) Coupon rate - 12%, the
repayment period: 22.11.2011 - 05.12.2011, Fitch Ratings : BB + (19.02.09)),
assuming a sufficiently attractive levels of profitability and coupon bonds, given
the low risk of insolvency and a good financial condition of the issuer. In
particular, the levels of profitability of the company are quite high, the net
profit for the first half of this year increased by 86% and amounted to KZT 230
million compared to same period last year.
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.
[2009-10-06]