Review of key events and forecasts from ASYL INVEST JCS (Kazakhstan) analysts for December 26, 2011

/IRBIS, December 26, 2011/ - ASYL INVEST JCS (Almaty) provided IRBIS with the review of main events and its investment ideas and forecasts for December 26, 2011. Analysts of ASYL INVEST JCS note the following tendencies on Kazakhstani and world markets: - The Asian markets today are growing rapidly against speculation that the U.S. economy continue to recover. U.S. data on durable goods orders and new home sales for November, released last Friday, surpassed the expectations of economists. Japan's Nikkei is gaining 1.3% today, while China's Hang-Seng - 1.4%, Shanghai is located in a small minus. American and European sites today are not working because of New Year holidays. - Commodity markets today show modest increase in the backdrop of positive economic sentiment. Quotes of WTI and Brent today added within 0.5%. Gold in the Asian session remained almost unchanged in price. - The euro/dollar now trading at 1.306, adding 0.1%. The dollar lost positions on speculation that the data on consumer confidence on Tuesday will show an increase in consumer sentiment in the U.S. that are not in favor of defensive tools. Against the euro today are cautious investors' expectations regarding the outcome of this week auction on placement of bonds of different maturities in Italy worth more than $11.5 billion. - New background today is positive for shares of commodity companies. Analysts of "Asyl INVEST" recommend to "buy" shares of Kazakhmys and KMG EP. Our target price on shares of Kazakhmys - 16.9 British pounds, shares of KMG EP - 20,254 KZT. - Analysts of "Asyl INVEST" recommend to "buy" on Halyk Bank common stocks, which received good support at around 200 tenge. At current price levels, 206 tenge per share, they look extremely attractive. Yesterday, leading rating agency S & P upgraded the long-term credit ratings of the bank by two grades to 'BB' from 'B +', while maintaining its outlook on "stable". Rating actions confirm the view of the "Asyl INVEST" on the issuer as financially secure, given the leading market position, low debt burden, high levels of capitalization and liquidity, as well as high ability to generate profits. Target price of "Asyl Invest" on the shares of the bank - 474 tenge. - Analysts of "Asyl INVEST" recommend investors to "buy" preferred shares of Kazakhtelecom. As noted earlier, the shares have a high potential for growth, after the company announced the sale of its 49% stake in mobile operator LLP "GSM Kazakhstan". Selling shares at a much higher price (of mobile communications sector, even in the current situation is estimated at more than 9 annual profits) than it is recorded on the balance sheet, positive impact on its net profit in 2012 and is likely to give big dividends to shareholders up to 2012. Target price of "Asyl Invest" on preferred shares of the company - 21,823 KZT. This material has only informative character and is not the offer or recommendation to make any transactions with the stocks. Irbis Agency doesn't take responsibility for the opinions which are given in this material. [2011-12-26]