Review of key events and forecasts from ASYL INVEST JCS (Kazakhstan) analysts for January 23, 2012

/IRBIS, January 23, 2012/ - ASYL INVEST JCS (Almaty) provided IRBIS with the review of main events and its investment ideas and forecasts for January 23, 2012. Analysts of ASYL INVEST JCS note the following tendencies on Kazakhstani and world markets: - Major Asian markets today are resting, except for Japan and Australia. The latter show mixed dynamics in response to lower prices for oil and industrial metals. Pressure on the market has uncertainty regarding the restructuring of Greece, the process is not yet complete. In addition, investors are cautious before today's meeting of finance ministers of the eurozone on the introduction of new budget rules within the Union. Japan's Nikkei is gaining only 0.1%, while the Australian ASX Index decreased by 0.3%. Futures on U.S. indices today reduce 0.3%. - Commodity markets today show weak trend. WTI and European Brent crude went down by 0.3%. Copper is traded in New York in the negative zone even after strong data on imports of the metal in China in December. In December, imports of copper rose by 78% compared to last year, an increase of the seventh month in a row. Gold adds 0.5% today. - The euro/dollar today is reduced by 0.25-0.3% before today's meeting of finance ministers of the eurozone. The course is trading at around 1.289. - Today is a day to be skimpy on corporate reporting and macrostatistics. In the USA today s known oilfield services company Halliburton, and after closing - major transportation company CSX Corp are reporting. - Analysts of "ASYL INVEST" have revised their expectations on the effect of the sale of stake by Kazakhtelecom LLP in "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. [2012-01-23]