Review of key events and forecasts from ASYL INVEST JCS (Kazakhstan) analysts for December 28, 2011

/IRBIS, December 28, 2011/ - ASYL INVEST JCS (Almaty) provided IRBIS with the review of main events and its investment ideas and forecasts for December 28, 2011. Analysts of ASYL INVEST JCS note the following tendencies on Kazakhstani and world markets: - The Asian markets today are reducing at a moderate pace, after fears about the Eurozone returned to the market. Investors expect today's auction of Italian bonds. Investors were a few disappointed by today data on industrial production in Japan, showing its decrease in November, and the decline of the index of business sentiment of the South Korean manufacturers to 30-month lows. Japan's Nikkei today is virtually unchanged, while China's Shanghai Composite and Hang-Seng are falling within 0.7%. Futures on U.S. indices today have not changed, but are under pressure. - Commodity markets today show mixed trends. Quotes of WTI oil and Brent today added within 0.3%. Copper in electronic trading in New York are rising by 0.4%, and 0.3% in Shanghai. Gold in the Asian session cheapens on weak pace. - The euro/dollar is now trading at 1.307, virtually unchanged after the close of trading on Tuesday. Against the euro today are cautious investors' expectations regarding the outcome of this week auction on placement of bonds of different maturities in Italy 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. [2011-12-28]