The review of key events and forecasts from analysts of "ASYL INVEST" JCS (Kazakhstan) for October 19, 2011

/IRBIS, October 19, 2011/ - "ASYL INVEST" JCS (Almaty) has provided IRBIS with the review of key events and its investment ideas and forecasts for October 19, 2011. Analysts of "ASYL INVEST" JCS note the following events on world markets: - The external news background for the domestic market today is mixed. U.S. markets were closed yesterday with a significant increase in the major indexes on optimism for resolution of the debt problems of the eurozone and a strong corporate reporting. The fact that the companies make profits and are optimistic about the future was today proven Intel Corp., whose forecasts of income for the year exceeded analysts' expectations on optimism about the growth in demand for laptops in emerging markets. Report Apple spoils the picture after the iPhone sales in the third quarter were worse than analysts forecast, while net profit has grown to a little prediction. However, this was a simple explanation: the buyers decided to wait until the new version of the iPhone in October, which slowed sales growth. However, the company's stock quotes in electronic trading fell by 6%. Some pressure on the market has downgrade of Spain by the agency Moody's, but it is no longer news after similar actions by other rating agencies. - Commodity markets today show weak trend. Quotes of WTI oil and Brent fall modestly after it became known that oil and petroleum products in the U.S. last week are likely to have grown. Copper prices at auction in New York continue to decline, losing 0.7%. The euro/dollar is growing weakly supported by optimism about the problems associated with the rumors in Europe that between Germany and France are in intensive negotiations on ways to increase the stabilization fund and recapitalize the banking sector. - The news background is now moderately negative for stocks of mining companies in Kazakhstan, but yesterday quotations found support, and only a moderate decrease is possible. - Analysts of Asyl INVEST continue to recommend to "buy" on Halyk Bank common shares, as believe that at current price levels, 218 tenge per share, they look extremely attractive. In fact, stocks are estimated at a book value that is not reasonable for the Bank, which has high growth prospects of net income and return on equity (ROE) due to higher net interest margins, reduce costs to the formation of provisions, effective control of operating expenses, the presence of significant levels of liquidity and low debt burden. 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. [2011-10-19]