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]