Investment ideas by ASYL INVEST JSC (Kazakhstan) analysts' on September 23, 2009

/IRBIS, September 23, 09/ - ASYL INVEST JSC (Almaty) provided an overview of major events and their investment ideas and forecast to IRBIS on September 23, 2009. According to the massage the analysts of ASYL INVEST expected at international stock markets: - sentiment on the markets before today's trading is developing negatively and analysts of ASYL INVEST don't exclude the downward movement of stock indexes in Europe; - Asian indices this morning reduced to 1-2 %. The exception is Japan, where trades opened by growth after the 3-days weekend. Futures on the U.S. indexes was down by 0.3 %; - Today, an impact on the market can provide data on applications for unemployment benefits in the U.S. for a last week and data on sales of homes on the secondary market for August. Analyst ASYL INVEST giving the following advice for investors: - on preferred shares of Temirbank (KASE: TEBNp): Preferred shares of bank at the last auction closed on a mark of KTZ 412. According to the statute of the bank, a guaranteed dividend rate is KTZ 100 per preferred share in the year. Payment of dividends on preferred shares on a quarterly basis, on rate KTZ 25. On the basis of high dividend yield (about 25 %), analysts of ASYL INVEST considered an attractive tool for purchase. Potential risks of investing may be associated with low liquidity, but in the last few days on the market there is activity on these securities. - the GDR Norilsk Nickel JSC (LSE: MNOD): company depositary receipts during the trading on Wednesday has showed an increase by 1.35 % after growth of 4.67 % the day earlier. Quotes were closed yesterday at $12.73. Driver for the growth of securities of the company stands on the positive dynamics of prices for nickel. The company also announced plans to build railway to deposits of copper, gold and iron ore in Siberia. Also in media reported that the company is negotiating a refinancing of debt at $ 1.5 billion, analysts of ASYL INVEST slightly have changed their trade recommendations for company securities: buy at $ 10,5 and to sell at $ 12,5 (early - $ 12.25). Paper, according to analysts ASYL INVEST looks - overheated and recommended to fix the profit and wait for lower levels. The consensus forecast of Bloomberg implies a target price for the securities Norilsk Nickel at $ 12.5 per GDR. - the GDR OJSC Surgutneftegaz (LSE: EVR): depositary receipts of the company during yesterday's auction demonstrated a reduction more than 1 % and closed on a mark of $ 8,6. Today, analysts of ASYL INVEST expect the pressure on the quotations of securities of the company to survive. The papers didn't have time a fully play more than 3 % decrease in quotations of oil futures. Current trading recommendations of ASYL INVEST in company securities: buy at $ 8 and sell at $ 9.1. It is recommended look closely to the securities of the company while reducing to the recommended level of purchase. The analysts of ASYL INVEST for more conservative investors recommend fixed-income instruments in the bond market. Analysts of ASYL INVEST given the low risk of insolvency of the issuer, recommend to pay attention to bonds KZPC4Y10B653 Bank Center Credit JSC (ССBNb11, subordinated coupon bonds, profit - 18 %, the repayment period - 27/05/2012 - 16/01/2016, coupon - 9.9 %, indexed to inflation). 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. [2009-09-24]