Investment ideas by ASYL INVEST JSC (Kazakhstan) analysts' on October 15, 2009

/IRBIS, October 15, 09/ - ASYL INVEST JSC (Almaty) provided an overview of major events and their investment ideas and forecast to IRBIS on October 15, 2009. According to the massage the analysts of ASYL INVEST expected at international stock markets: - sentiment on the markets before today's trading remains positive. Asian indices show growth within 0.5-2% in response to good corporate results; - futures on U.S. indexes this morning with little change after the impressive growth of the previous day; - now expected a publishing of financial statements of companies Goldman Sachs, Citigroup, IBM, Google, AMD; - In addition to corporate reporting, the impact on the course of trading today may have some macroeconomic data. In the U.S. there are data on the number of initial applications for unemployment benefits. Data on the production index Empire Manufacturing data and consumer price index for September; - U.S. Department of Energy published data on commercial oil reserves. According to the average projected growth of rates are expected; - there are data in the euro area consumer price index for September; - the opening of trading in Europe today, analysts of ASYL INVEST expect moderate growth in stock markets. The further dynamics will determine the rich corporate news background. Analyst ASYL INVEST giving the following advice for investors: - on shares of KAZAKHMYS PLC (LSE: KAZ, KASE: GB_KZMS): on Wednesday, shares of Kazakhmys during trading rose by 9.42% on the LSE and closed on a mark of 12.89 pounds per share. On KASE quotes rose to KTZ 2,998. Support for the shares had a second straight session, rising spot prices for copper, moreover, according to preliminary data of Customs of China and it became known that in September copper imports in China was much higher than the previous value and amounted to 399,052 tons. Three- month futures on the London Stock Exchange also noted the growth, the growth in copper futures continued and Asian markets. This creates an overall positive sentiment on the shares of Kazakhmys. Currently, analysts of ASYL INVEST slightly changed its trading recommendations on companies' securities with their trend: buy recommended at 10.0 pounds (KTZ 2,400), and sell it at 12.50 pounds (KTZ 3,000). In the near future, analysts of ASYL INVEST do not recommend buy company shares, should await the consolidation of stock prices at current levels or correction after the significant growth in the last few sessions. - on GDR / shares of KazMunaiGas EP JSC (LSE: KMG, KASE: RDGZ): depositary receipts of the company during yesterday's trading grew by 1.79% to $ 25.55. At the Kazakhstan stock exchange the securities increased by 1.3 % and to KTZ 23,300. Support for companies' securities has a positive external background on the stock and commodity markets. Meanwhile, analysts of ASYL INVEST do not see a serious reason to buy securities at current levels. Yesterday, American Petroleum Institute (API) announced a Reduction of commercial oil stocks in the U.S., which, coupled with a failing of U.S. dollar and allowed the quotations of oil, brand of WTI and has reached a new highs year rate above the 75 $ / bbl. Today, sentiment for the oil market is contradictory, because in spite of this API, which is expected that the data on energy department will be reflected in the stocks growth. At present, analysts of ASYL INVEST incline to the recommendation to "hold" half of companies' securities and trading recommendations is taking into account the current trend: it is recommended to buy at $ 22 (KTZ 20,000), sell it above the level of U.S. $ 26 (KTZ 23,600). Analysts of ASYL INVEST for more conservative investors recommend fixed-income instruments in the bond market. Analysts of ASYL INVEST, look at the bonds KZ2CKY07B915 Eurasian Bank (coupon subordinated bonds, EUBNb3, yield - 17% (last), coupon rate - 9,7% indexed for inflation, the period of maturity: 05/04/2013 - 15.04.2013), based on sufficiently attractive level of yield bonds and taking into account high level of profitability and relatively low level of insolvency 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. [2009-10-15]