The review of key events and forecasts from analysts of "ASYL INVEST" JCS (Kazakhstan) for September 22, 2011

/IRBIS, September 22, 2011/ - "ASYL INVEST" JCS (Almaty) has provided IRBIS with the review of key events and its investment ideas and forecasts for September 22, 2011. Analysts of "ASYL INVEST" indicate that the news background for the domestic market today is extremely negative. Yesterday's statement by the Fed on the incentives and the prospects of the economy undermined investor confidence in the future. Today, industrial metals and oil prices fall dramatically, that the negative for the stock of domestic commodity companies. Today, it is likely that the shares of Kazakhmys, ENRC and KMG EP will incur substantial losses in quotes. Shares of the banking sector will also be under pressure. Analysts of "ASYL INVEST" recommend investors to look at stocks of KazakhTelecom. It became known yesterday that the company will sell its 24% stake in "GSM Kazakhstan" second major shareholder Teliasonera or its subsidiary Fintur Holdings, which plans to continue to take the company to IPO. The remaining share KazakhTelecom in K-Cell at a rate of 25% will remain owned fixed line operator, but we can not exclude that in future it could also be implemented after the market valuation. Although it is too early to say whether the deal is positive for stocks Kazakhtelecom as transaction price is not yet known, the whole step of the Company can be viewed in a positive way, because mobile market is currently at its peak, slowing growth, rising competition and falling tariffs. The company has the potential to gain substantial funds from the sale of an asset. In the future, returning to long-term strategy of the Company, the company plans to access to foreign markets and acquiring attractive assets abroad, that she may have accumulated significant cash reserves. Besides, analysts of "ASYL INVEST" JCS note the following events on world markets: - Today the main event of the day was the outcome of the meeting FOMC, in which it was decided to sell to the Fed's balance sheet short-term bonds worth $ 400 billion to buy the same amount of long-term bonds. The measure would help reduce interest rates, which is favorable for the mortgage market, however, in the opinion of the market, it is unlikely to revive the U.S. labor market. In addition, the regulator said yesterday that the risks of recession are increasing. S & P500 index on the basis of trading fell by almost 3%, reflecting the disappointment of the market, waiting for more decisive action the Fed to stimulate the economy. - Indexes of China Hang-Seng and Shanghai Composite fell today at significant pace. The first loses 4% of its value at the end of yesterday's trading, the second - 2%. Japan's Nikkei drops by 1.6%. Market wins back hardly inspiring yesterday's decision of FOMC incentives and regulator perspectives articulated by the economic downturn. Yesterday's statement by Moody's to lower ratings of three leading banks in the U.S. reinforces the negative sentiment in the markets. - The euro fell yesterday by 0.9% after it became clear that the economic risks are increasing and positive on the decision of the Federal Reserve more for the dollar than the euro. Fed announced a new round of quantitative easing, which could play not in favor of the dollar, as articulated by economic stimulus measures have not been able to increase investors' confidence in the future. Today, the euro / dollar continues to fall today after fears of the economy only increased after yesterday's meeting of the FOMC. - Yesterday, a significant increase in sales in the secondary market, the U.S. real estate in August failed to reverse the negative sentiment in the market caused by the Fed's comments on the economy. Oil prices in the U.S. and Europe have fallen on average by 1%, whereas almost all industrial metals were in negative territory. Today, commodity market continues to decline. WTI crude oil lost almost 2%, Brent falls by 0.3%. Copper in Shanghai and New York in electronic trading falls by 3.3%. Gold down by weak rate within 0.3%. Support for precious metals is likely provided by economic concerns. This material is exclusively of informative character and is not offer or recommendation to make any deals with shares. "IRBIS" Agency is not responsible for the opinions given in the material. [2011-09-22]