Investment ideas by ASYL INVEST JSC (Kazakhstan) analysts' on October 16, 2009

/IRBIS, October 16, 09/ - ASYL INVEST JSC (Almaty) provided an overview of major events and their investment ideas and forecast to IRBIS on October 16, 2009. According to the massage the analysts of ASYL INVEST expected at international stock markets: - sentiment on the markets before today's trading develops moderately positive. Asian indexes show mixed dynamics - growth and decline observed within 0.5%. Futures for the American indexes grow slightly. - U.S. dollar strengthened against to euro today, but the EUR/USD pair is still above 1.49 marks. - Today in the U.S. expected to be published financial statements of companies General Electric, Merrill Lynch, Bank of America. Results reporting of these companies will now determine the dynamics of U.S. indices in the absence of important economic statistics, vital records is a record of General Electric. - the opening of trading in Europe today, we expect moderate growth in equity markets, which will take place due to the strong fundamental support from higher oil prices. Analyst ASYL INVEST giving the following advice for investors: - on shares of KAZAKHMYS PLC (LSE: KAZ, KASE: GB_KZMS), ENRC PLC (LSE: ENRC, KASE: GB_ENRC): despite the growth of quotations on commodity markets on Thursday, shares of mining companies in European stock markets fall were noted, which was probably due to profit- taking by investors after prolonged growth in the shares of the mining sector. At the moment, analysts of ASYL INVEST see no serious grounds for further lowering of quotations steel companies: the positive economic statistics and the weakening U.S. dollar fueling investor interest in the markets for precious and base metals. Against this backdrop, shares of Kazakhmys and ENRC still retain the investment attractiveness, but analysts ASYL INVEST retain its recommendation to "hold" on these shares. Currently, shares of these companies are traded on the levels of annual maxima, which may cause concern among investors about the validity of current levels of quotations. Trading recommendations of ASYL INVEST on securities of Kazakhmys with their trend remains the same: to buy recommended at 10.0 pounds (KTZ 2,450), sell it - at 12.5 pounds (KTZ 3,050). Of ENRC ASYL INVEST slightly changed the trading recommendations based on their trend: buy recommended at 9.0 pounds (KTZ 2,220), sell it - at 9.6 pounds (KTZ 2,370). - the GDR Gazprom (LSE: OGZD): oil quotations on commodity markets continue to be retained at $ 76-77 per barrel, more than that these U.S. Department of Energy confirmed the reduction in stocks of petroleum products and less-than-expected growth in oil reserves. Russia's share of the oil sector, thus, have a fundamental support in the form of rising oil prices, and today, most likely will win back the positive changes in the oil market. The depositary receipts of Gazprom in the course of yesterday's trading were down 1.79% to $ 26.81. At the current time analysts ASYL INVEST also retain its recommendation to "hold" on the securities company. Trading recommendations ASYL INVEST in securities of companies with their trend to remain the same: it is recommended to buy at 23 dollars, to sell - at $ 27. Analysts of ASYL INVEST for more conservative investors recommend fixed-income instruments in the bond market. Analysts of ASYL INVEST, look at the coupon subordinated bonds KZPC2Y05B665 of Mangistau Electricity Distribution Company (MREKb3, yield - 17% (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 (return on bonds up to the last transaction increased by 15% to 17%) and the coupon rate bonds, given the low risk of insolvency and a good financial condition of the issuer. The company is financially independent from the loan funds, as the bulk of the company's assets is financed by own funds, the levels of profitability of the company are also quite high. 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. [2009-10-16]