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

/IRBIS, December 23, 09/ - ASYL INVEST JSC (Almaty) provided an overview of major events and their investment ideas and forecast to IRBIS on December 23, 2009. According to the massage the analysts of ASYL INVEST expected at international stock markets: - Analysts of ASYL INVEST retain a positive view about the growth in global stock markets, but substantial growth in equity markets in the near future are not expected. The market reacts to weaker output of economic statistics, and even strengthen the U.S. dollar is not in a position to exert significant pressure on equity markets. In the pre-holiday market participants are increasingly cut positions in shares, while trying to support their quotes to finish the old year with a positive balance in the account. - Today the leading Asian indices are mostly show growth. Futures on commodities markets show mixed dynamics quotes, futures for the American indexes show little change. - Analysts of ASYL INVEST expect at the opening of tenders in Europe will have a positive trend and continue to support quotations of shares of oil and gas companies will have data on the possible reduction of oil and petroleum products in the United States. Analysts of ASYL INVEST give the following advice for investors in equity securities of companies in Russia's oil sector (LSE: OGZD, LKOD, NVTK, SGGD, ROSN): during yesterday's trading depositary receipts of companies Russian oil and gas sector mainly be under pressure. The background for uncertain dynamics served a number of factors. It is known that the Government had not deliberately cut export duties in the near future. Also, constraints yesterday were oil prices that traded during the European session in lateral dynamics and were under the pressure of the course pair EUR/USD. However, after the close of trading in Europe, the American Petroleum Institute (API) reported on the reduction of commercial stocks of crude oil and petroleum products, which positively affected the oil quotations. Today is expected to publication of data on commercial oil reserves from the U.S. Department of Energy (DOE). Bloomberg consensus forecast also assumes that stocks will be reduced. Additional support for oil quotes has data on sales of homes on the secondary market in the United States. Today is expected to publication of data on personal income and spending of Americans, as well as data on sales of new homes in the United States. Positive data, which, together with statistics on oil may provide further support for the quotations of oil and oil companies' securities. Current trading recommendations of ASYL INVEST for Russian oil company securities: - Gazprom (LSE: OGZD) - buy at $ 22 and sell at $ 28, yesterday's close - $ 24.05; - LUKOIL (LSE: LKOD) - buy at $ 52.50 and sell at $ 65, yesterday's close - $ 54.60; - NOVATEK (LSE: NVTK) - buy at $ 58 and sell at $ 68, yesterday's close - $ 64.90; - Surgutneftegaz (LSE: SGGD) - buy at $ 8.5 and sell at $ 10, yesterday's close - $ 8.68; - Rosneft (LSE: ROSN) - buy at $ 8 and sell at $ 9, yesterday's close - $ 8.29. On the debt market analysts ASYL INVEST recommend investors, risk tolerance, to draw attention to the coupon bonds KZPC2Y05B665 Mangistau Electricity Distribution Company (MREKb3, PEFC. Yield - 14.50%, net price - 95.9980% of face value, coupon rate - 12%. Repayment period is 22.11.11 - 05.12.11, ratings - Fitch Ratings BB +, outlook is stable). Analysts ASYL INVEST considered sufficiently attractive options bonds based on the relatively good financial position of the issuer. Not excluded data bond prices after the decline of quotations of securities on basis of recent transactions (for the last two transactions level of bond yields rose by 2.5%) and under the influence of messages about change prediction of the issuer with a "negative" to "stable" International rating agency Fitch. The company released fairly good financial results for the nine months of this year. According to report, there has been growth in profitability and liquidity. Return on sales for the nine months of this year has increased from 4.7% to 7.3%. Liquidity ratios also demonstrate the dynamics of growth, during the reporting period, net working capital of the company rose more than 20%, the coefficient on the current ratio increased from 2.2 x to 2.4 x. Today the company to pay coupons on its bonds and has a fairly strong position in the energy sector in Mangistau region. Trading recommendations of ASYL INVEST: buy when the yield 15%, sell at yields of 12%. 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. [2009-12-23]