Review of key events and forecasts from ASYL INVEST JCS (Kazakhstan) analysts for January 19, 2012

/IRBIS, January 19, 2012/ - ASYL INVEST JCS (Almaty) provided IRBIS with the review of main events and its investment ideas and forecasts for January 19, 2012. Analysts of ASYL INVEST JCS note the following tendencies on Kazakhstani and world markets: - Trading in Asia today is in positive territory with marked rise of the major indexes. Markets is supported by yesterday's news that the IMF can increase lending to troubled Eurozone countries, allocating U.S. $ 500 billion. In addition, from anonymous sources became aware of the fact that the People's Bank of China is considering a plan to mitigate reserve requirements for banks in the country after the economy slowed in the 4th quarter of last year. Chinese indices Hang-Seng and Shanghai Composite now grow by more than 1%. Japan's Nikkei adds 1%, while the Australian ASX Index - 0.3%. Futures on U.S. indices today grow within 0.1%. - Commodity markets are currently increasing at a moderate pace. WTI and European Brent crude quotations are rising by 0.3 and 0.8%, respectively, before today's report of U.S. Department of Energy reserves of crude oil and petroleum products. Copper traded in Shanghai and New York, rising to 0.8% on positive news from China, as well as encouraging statistics, the U.S. construction sector. Gold in the Asian session is gaining 0.3%. - The euro/dollar is in positive territory due to economic optimism, adding 0.1% today. The course is trading at around 1.286. - Today, investors will be focused on the macroeconomic and corporate news. In the U.S. today statistics on new construction sites, the number of permits issued for new construction and initial applications for unemployment benefits will be available. Among corporate reports we may highlight reports of eBay, Johnson & Johnson. - Analysts of "ASYL INVEST" have revised their expectations on the effect of the sale of stake in Kazakhtelecom LLP "GSM Kazakhstan". Analysts of "ASYL INVEST" consider the distribution of net profits from the sale of shares in the form of dividends for 2012, amounting to 13,773 tenge per ordinary and preference shares, likely. In addition, the "ASYL INVEST" expects growth in the fundamental value of common shares as a result of doubling of funds to the Company's balance sheet, taking into account dividend payments. For common shares of Kazakhtelecom JSC "ASYL INVEST" said the fair price at 30,433 tenge, together with the expected dividend yield potential stock investments when buying at current price levels will be 106%. Preferred shares have the potential to increase to 23,000 tenge per share. Along with the expected dividend yield of investment in shares is 109%. Analysts of "ASYL INVEST" recommend buying shares of the Company - The news background today is positive for stocks of mining companies in Kazakhstan. "Asyl INVEST" recommends to "buy" shares of Kazakhmys and EP KMG. Our target price on shares of Kazakhmys is 16.9 British pounds, shares of KMG EP - 20,254 KZT. - Analysts of "Asyl Invest" also recommend to "buy" Halyk Bank common stocks, which received good support at around 200 tenge. At current price levels, 198.5 tenge per share, they look extremely attractive. Leading credit rating agency S & P in December raised the long-term credit ratings of the bank by two grades to 'BB' from 'B +', while maintaining its outlook "stable". Rating actions confirm the view of the "Asyl Invest" to the issuer as a 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 is 474 tenge. 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. [2012-01-19]