Investment ideas by ASYL INVEST JSC (Kazakhstan) analysts' on September 21, 2009

/IRBIS, September 21, 09/ - ASYL INVEST JSC (Almaty) provided an overview of major events and their investment ideas and forecast to IRBIS on September 21, 2009. According to the massage the analysts of ASYL INVEST expected at international stock markets: - sentiment on the markets prior to today's emerging negative, and analysts of ASYL INVEST does not exclude the reduction of stock indexes in Europe and the United States; - Asian indices this morning showing a decrease of 0.5-1%. Futures on U.S. indexes this morning traded in a downward trend in 0.1-0.3%. Analyst ASYL INVEST giving the following advice for investors: - on shares of KAZAKHMYS PLC (LSE: KAZ): shares in Friday trading have fallen in price nearly by 1.5% and closed at a mark of 11.24 pounds. The pressure on the share prices of the company has a general market sentiment predisposing to lock in profits after a substantial growth. Also, quite a long time growing commercial reserves of copper, which also exert pressure on listed companies, as investors fear the weakening demand for copper. ASYL INVEST gives the following short-term trading recommendations on the securities of the company: buy at 10 pounds, sell - at 11.5 pounds. At the end of last week, analysts ASYL INVEST also revised its long-term target price and recommendation on the securities Kazakhmys (report is available for customers). Thus ASYL INVEST established long-term recommendation on the company's securities at "hold", target price is set at 11.3 pounds. - on shares of ENRC PLC (LSE: ENRC): ENRC shares on Friday showed little change at the mark and closed at 8.92 pounds. On Friday, the company confirmed the purchase of a controlling stake in Central African Mining & Exploration Company (CAMEC) to 20 pence per share, totaling approximately 584 million pounds or 955 million U.S. dollars. The acquisition of CAMEC, focusing on the development of copper and cobalt ores, will ENRC to diversify their assets. According to chief executive officer of ENRC - Felix Vulis, the company plans to invest in CAMEC about 350 million U.S. dollars in the next 5 years to increase copper production to 75 tons per year. According to head of the company, ENRC and will continue to review opportunities to acquire assets in order to enhance the material resource base. Analysts ASYL INVEST generally positive view of strategy ENRC, aimed at diversifying its assets and increase resource base. Current trading recommendations ASYL INVEST in securities of the company: to buy at 8.25 pounds, to sell - at 9.5 pounds. - the GDR OAO Norilsk Nickel (LSE: MNOD): listed depositary receipts in the course of trading on Friday, a little grown up and finished last week at the level of $ 12,48. Technically quotes securities companies continue to look overbought. Quotations out of the upper limit of the rising channel, but also quotes a third consecutive session traded above upper garnitsy Bollinger'a. At current levels, analysts ASYL INVEST recommend to fix the profit and wait for a lower level, or consolidation at current levels and confirm the trend. Trading recommendations ASYL INVEST in securities of the company: buy at $ 10.5, to sell - at $ 12.25. The given material has exclusively information character and is not the offer or the recommendation to make any transactions with the stocks. Agency Irbis doesn't take responsibility for the opinions which are in given material. [2009-09-21]