Investment ideas by ASYL INVEST JSC (Kazakhstan) analysts' on November 9, 2009

/IRBIS, November 9, 09/ - ASYL INVEST JSC (Almaty) provided an overview of major events and their investment ideas and forecast to IRBIS on November 9, 2009. According to the massage the analysts of ASYL INVEST expected at international stock markets: the overall sentiment in the markets before today's trading develops moderately positive. Asian indices show differently directed dynamic futures for American indexes grow by less than 0.5%, oil futures rising more than 1%. Quotations gold prices has again reached a record high, breaking the psychological barrier of $ 1100/tr.unts., Copper futures also traded in positive territory; - output of negative data on unemployment in the United States, which reached a maximum in the last 26 years the value of 10.2%, led to a significant weakening of the dollar, which had a tangible support to the quotations of prices for oil and metals. In the near future we can expect further weakening the U.S. dollar, and fixing rate USD / EUR in the mark $ 1.50 / EUR, which, mainly due to rising unemployment in the U.S.; - in the near future is not expected to yield a large number of macroeconomic data. In Germany today face data on trade balance and industrial production for the month of September. The result is that, do not expect any major impact on world stock markets on the part of macroeconomic statistics; - a greater impact on equity markets can have a rich background of corporate reporting: today is expected to yield financial reports Allianz SE, Alpha Bank AE, Mechel, Gazprom JSC, Electronic Arts Inc; - in general, at the opening of trading in Europe today, analysts ASYL INVEST expect moderate growth in stock markets influenced by the positive close of trading in the United States, as well as rising prices in commodity markets of. Nevertheless, analysts ASYL INVEST recommend investors to exercise caution and to enter the position of parts, watching the changing trend of quotations and targets for sales and purchases. Analysts of ASYL INVEST give the following advice for investors in the GDR Surgutneftegaz (LSE: SGGD): depositary receipts of the company in the course of trading on Friday, fell 2.7%, while quotations of futures for oil have grown, and today continue this growth. Despite the rise in unemployment in the U.S., a positive outlook ASYL INVEST to restore the global economy can make the assumption that the quotations of futures for oil will continue to grow in near future, up to above $ 90 a barrel. All this should provide support for oil and gas sector in general, and the company Surgutneftegaz in particular. Currently, price quotations of depositary receipts of the company reached our target level of purchases. Analysts ASYL INVEST give the following short term recommendations for the securities of the company: it is recommended to buy at $ 8.75, to sell at $ 10. On the debt market analysts ASYL INVEST recommend that investors pay attention to the coupon bonds XS0167149094 Kazkommertsbank JSC(KKGBe4, the latter yield - 17.22% (net price - 78% of the nominal value), coupon rate - 8,5%, date Maturity-16.04.2013, par value - $ 1 ratings - Standard & Poor's (B), Fitch Ratings (B-), Moody's Investors Service (Ba3)). The level of creditworthiness of the bank remains on good level, taking into account the repayment of eurobonds in the amount of CMC US $ 500 million analysts ASYL INVEST believe that the bonds CMC undervalued. 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. [2009-11-09]