Investment ideas by ASYL INVEST JSC (Kazakhstan) analysts' on October 13, 2009

/IRBIS, October 13, 09/ - ASYL INVEST JSC (Almaty) provided an overview of major events and their investment ideas and forecast to IRBIS on October 13, 2009. According to the massage the analysts of ASYL INVEST expected at international stock markets: - sentiment on the markets before today's trading develops is positive; - Asian indices show growth within 0.5-1.5%, it is in response to a positive closure of European and American stock exchanges; - futures on U.S. indexes vary different direction and insignificant, indicating that investors' indecision on the eve of the publication of new quarterly reports; - now expected to be published financial statements of companies Johnson & Johnson, CSX Corporation and Intel Corporation; - In addition to corporate reporting, the impact on the course of trading today may have some macroeconomic data. In the UK will existed data on consumer price index for September. Expected growth rate. In the U.S. figures come out of the federal budget for September. Expected deficit of $ 77.3 billion; - in the course of trading today, analysts of ASYL INVEST does not exclude the probability of profit-taking in the event of disappointing corporate data. In the opposite case, the sentiment will remain positive. Analyst ASYL INVEST giving the following advice for investors: - on shares of Bank Center Credit (KASE: CCBN): the bank's shares during yesterday's trades increased in price by 0.56% to KTZ 542 per share. According to calculations of ASYL INVEST, the bank's shares are undervalued in relation to shares of Halyk Bank and Kazkommertsbank. Analysts of ASYL INVEST believe that the securities of Center Credit still traded below account value, while competitors' shares are traded a much higher. According to the latest news of FSA, as of September 1, 2009 the share of non-performing loans of the bank is 11.27% of loan portfolio (Kazka - 19.36%, Halyk - 14.76%). Analysts of ASYL INVEST now give the following advice on trading securities of companies with their trend: it is recommended to buy about at KTZ 500 per share and to sell it KTZ 600 per share. Analysts of ASYL INVEST also commended the bank's equity capital structure, 30.5% of which accounted for Korean Kookmin Bank and 10% from the IFC. - the GDR of NovaTek JSC (LSE: NVTK): during yesterday's trading the oil quotes have demonstrated growth around 2% against a background of optimism on stock markets in anticipation of a positive 'reporting season. Growth of petroleum quotations was the main idea of the growth of Russia's stock market and thus significantly increased quotes of Russian oil and gas companies, but after the close of trading depositary receipts of companies in London, oil quotes slightly adjusted to lower level. Taking into account this information, analysts of ASYL INVEST also expect a correction in the course of trading and depositary receipts on Russian oil and gas companies, moreover, a negative background for the entire oil and gas sector created expectations of growth of commercial oil reserves in the United States. Depositary receipts NovaTek during trading on Monday showed growth of more than 5%, against the backdrop of weakening U.S. dollar and the growth of quotations of oil above $ 73 a barrel. Closing price fixed at $ 58,60. Currently, analysts ASYL INVEST changed their trade recommendations for securities of companies with their trend: it is recommended to buy at $ 50, sell - at $ 60. In the near future, analysts of ASYL INVEST do not recommend purchase the securities of the company. After significant growth it is recommended to wait for consolidation at current levels and further confirm the movement, or correction. Analysts of ASYL INVEST for more conservative investors recommend fixed- income instruments in the bond market. Analysts of ASYL INVEST, look at the bonds KZ2CKY08A774 Nurbank (NRBNb2, indexed coupon subordinated bonds to the devaluation of the tenge, yield - 17% (last), coupon rate - 9%, maturity date - 12/06/2011) basis of an attractive level of profitability and good financial condition of the issuer. 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. [2009-10-13]