Investment ideas by ASYL INVEST JSC (Kazakhstan) analysts' on September 2, 2009

/IRBIS, September 2, 09/ - ASYL INVEST JSC (Almaty) provided an overview of major events and their investment ideas and forecast to IRBIS on September 2, 2009. According to message, the company analysts' forecast the following developments on the international stock markets: - expected declining at the opening of trading in Europe in response to falling U.S. indices in the second half of trading yesterday. the American Petroleum Institute (API) informed that there is a reduction in commercial oil reserves in the USA. It can support oil prices and shares of oil companies. Today will be officially published statistics from the U.S. Department of Energy (DOE); - There will be published data on changes in the number of jobs from ADP in the USA. It is expected slowdown in the reduction, which could provoke a "rebound" on the markets; ASYL INVEST Analysts' give the following recommendations for investors: - ENRC PLC (LSE: ENRC): Yesterday, ENRC shares were decreased by 6.94%. The movement of stock price the company was more significant than other mining companies. Trading recommendations of ASYL INVEST on ENRC shares: analysts recommended changing the point of purchase from 8.0 pounds to 7.7 pounds (the next closest support level by level Fibonacci), selling it is still recommended at 9.50 pounds . The consensus forecast of Bloomberg does not imply a substantial potential for growth in the value of securities of the company and assumes the target price at 8.93 pounds; - the GDR Gazprom (LSE: OGZD): on Tuesday, depositary receipts fell by 3.07% to close on $20.55. Trading recommendations ASYL INVEST in securities of the company: buy at $ 19.50, selling at $ 22.50. Shares looks overbought at the moment. Bloomberg consensus forecast implies an average target price of $ 27.82, which implies a fundamental reason for growth in value of securities of the company. After a substantial reduction of the previous day, analysts ASYL INVEST expected rebound in oil prices and recommend waiting for input levels according to the papers today; - the GDR Rosneft (LSE: ROSN): Yesterday, depositary receipts lost 1.24 % of the capitalization, down to the level of $ 6.37 by results of trading on the LSE. Published accounting results were worse than analysts' expectations. Rosneft's net profit for the second quarter of 2009 decreased by 21.7 % to $1.61 billion, which was associated with an increase in the effective income tax rate and the nominal appreciation of the ruble in the second quarter. Analysts ASYL INVEST evaluate reporting company as neutral and believe that this factor will not have this residual influence on the course of bidding.The fall in prices of depositary receipts of the company contributed on the decreased in oil prices on positive macro-statistic in the United States - the growth of business activity index in the industry. ASYL INVEST analysts'assign short-term trading recommendations on Rosneft - "hold", noting the slight long-term potential to decrease (-1.33 %). Buy Depository Receipts analysts advise at a price of $ 5.75, to sell - at a price of $ 6.75; - the GDR Surgutneftegaz (LSE: SGGD): depositary receipts fell by 4.8% to $ 8.19. Today, ASYL INVEST analysts' expect declining, but it is possible an increase by the end of the day. Trading recommendations ASYL INVEST: buy at $ 7, sold at $ 9. In the long term horizon and in economic terms, receipts Surgutneftegaz have the potential to decrease (-19.1%). [2009-09-02]