Investment ideas by ASYL INVEST JSC (Kazakhstan) analysts' on October 19, 2009

/IRBIS, October 19, 09/ - ASYL INVEST JSC (Almaty) provided an overview of major events and their investment ideas and forecast to IRBIS on October 19, 2009. According to the massage the analysts of ASYL INVEST expected at international stock markets: - sentiment on the markets before today's trading develops moderately negative, mainly due to correctional movement, observed last weekend. Investors began to capture more profit on Thursday, without waiting for the release reporting the world's leading companies on Friday. Accordingly, correction of the markets on Friday only intensified after the release of negative quarterly reporting on Bank of America. In our opinion, the correctional movement is temporary, and the critical factors for its continuation is not observed, and growth in commodity demand and continuing growth in industrial production in the U.S., along with declining stocks in the commodity and commodity markets, reinforce positive expectations that investors are laying in the market. - U.S. dollar has appreciated somewhat against the euro on profit-taking against the bidders at market rates, but the pair EUR / USD is still as close as possible to a mark 1,50. In the near future analysts ASYL INVEST expect some stabilization of U.S. dollar against major currencies, but the major prerequisites for its strengthening is not observed, given the high level of budget deficit the United States, as well as the expectations of maintaining the interest rate the Fed at the current level for a long time. - Today the U.S. is expected to continue publication of financial statements of major companies such as Apple and Texas Instruments. - the opening of trading in Europe today, analysts of ASYL INVEST does not exclude a moderate growth of quotations, supported stock markets may have a continuing increase in commodity prices, particularly oil and metals markets. In general, the current situations in the markets analysts of ASYL INVEST see good investment, because after a brief correction may happen rebound of stock price up from current levels. Analyst ASYL INVEST giving the following advice for investors: - on GDR on MMC Norilsk Nickel (LSE: MNOD, RTSI: GMKN): Today, MMC Norilsk Nickel is preparing to release its financial statements for the first half of 2009, overall expectations for the reporting company are negative, in particular, many analysts expect a significant decrease in profit relative to the same period in 2008. Expectations, mainly based on falling prices for nickel and other metals polymetallic Group. According to ASYL INVEST, background reports would not have a significant impact on stock quotes, Norilsk Nickel, as well as general market expectations are not overly optimistic, and all current expectations already built into current share price of the issuer, to the same significant increase in nickel prices and other base and precious metals underpins investor confidence in the strength of the company's business. Moreover, a possible rebound in stock prices Nornikel up, investors with high tolerance for risk can realize a significant percentage of revenue by acquiring currently trading recommendations ASYL INVEST in(shares at current levels. Securities of MMC Norilsk Nickel, according to their trend remained the same: it is recommended to buy at $ 12, sell - at $ 15. - on GDR of Kazkommertsbank (LSE: OGZD): Bank's depositary receipts on the LSE in trading on Friday were down 4.93% to $ 6.75 per GDR company, but at the Kazakhstan stock market reaction is not followed, as the main changes in the price of the issuer receipts were observed after the close of trading on KASE. Today, analysts of ASYL INVEST expected price adjustment of shares on KASE, as well as movement of quotations about the changes in the course of trading on the London Stock Exchange. Trading recommendations of ASYL INVEST securities of companies with their trend to remain the same: it is recommended to buy at $ 6, to sell - at $ 7. Analysts of ASYL INVEST for more conservative investors recommend fixed-income instruments in the bond market. Analysts of ASYL INVEST, look at the coupon subordinated bonds KZPC1Y07C612 Eurasian Bank JSC(EUBNb4, yield - 13% (last), coupon rate - 7,9% indexed for inflation, the repayment period: 04.09.2014 - 14.09 .2014), assuming a sufficiently attractive levels of profitability of bonds based on the good financial position of the issuer. During the first half of this year, demonstrates good financial results, levels of profitability of the bank are quite high, the net profit for the six months increased by 1.85 times. Moreover, analysts of ASYL INVEST evaluate low enough 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. [2009-10-19]