Investment ideas by ASYL INVEST JSC (Kazakhstan) analysts' on January 13, 2010

/IRBIS, January 13, 2010/ - ASYL INVEST JSC (Almaty) provided an overview of major events and their investment ideas and forecast to IRBIS on January 13, 2010. According to the massage the analysts of ASYL INVEST expected at international stock markets: - Today, analysts of ASYL INVEST expect further decline in global equity markets. Pressure on the course of trading in Europe and the United States will provide quotes on falling commodities markets, as well as negative news from China that the National Bank increased the reserve requirements for banks in the country at 0.5%. The tightening of monetary policy in China is aimed at preventing overheating of the country's growing economy and reduces the probability of blow-ups of financial bubbles. - Currently leading the Asian stock indexes fall more than 1%, on news that the negative impact from China. Quotations of futures on commodity markets showing a decrease, futures on U.S. indexes vary slightly. - In general, analysts of ASYL INVEST expect a moderate decline in equity markets in the U.S. and Europe today, the background before the start of the season formed ambiguous statements that could deter investors from buying risky assets. Analysts of ASYL INVEST give the following recommendations to investors on equity shares of securities of KazMunaiGaz EP (KASE: RDGZ, LSE: KMG): during yesterday's trading on the London Stock Exchange company depositary receipts fell 0.2% to close at $ 27 per GDR . The Kazakhstan Stock Exchange share prices showed an increase of 0.85% to a mark of KZT 23,800. At the same time on the domestic market discounting the value of securities retained - stocks are cheaper depository receipts on 0.8%. However, today analysts of ASYL INVEST expect the correction to securities companies, which will contribute to a negative external background. According to the data of the American Petroleum Institute (API), commercial oil reserves at Jan. 9 increased by 1.2 million barrels. Also, according to the institute increased supplies of gasoline and distillates. According to today's consensus forecasts data U.S. Department of Energy (DOE) also show the growth of commercial stocks of crude oil and petroleum products, which creates a general negative background for the cost of black gold. Some pressure on the quotations of oil and oil companies provide forecasts on the improvement of weather conditions in the U.S., which would involve a reduction in fuel consumption, the potential growth stocks and reduced demand. Current trading recommendations ASYL INVEST in securities of the company: buy at $ 25.5 (22,700), selling at $ 28 (KZT 25,000). For investors with long-term investment horizon, the current recommendation is buy, target price - $ 32.68 (about KZT 30,000). On the debt market analysts on ASYL INVEST recommend that investors are not disposed to risk, to draw attention to the coupon bonds KZPC6Y10B195 Halyk Savings Bank of Kazakhstan (HSBKb9, PEFC. Yield - 12%, net price - 81.9814% of face value, coupon rate - 7.5% per annum, maturity date - 06.07.15). Analysts of ASYL INVEST considered attractive options of bonds, based on the good bank's positions in the banking sector of Kazakhstan, relatively good financial condition and low risk of insolvency of the issuer. Analysts of ASYL INVEST also not exclude a rise in prices these bonds, because their price levels are the lowest compared with other similar debt instruments of the Bank. Since September 2009 the bank has paid a number of external commitments: an international syndicated loan worth $ 300 million Eurobond - $ 200 million and prepaid two syndicated loan of $ 200 million and $ 400 million maturing in April and September 2010, and also recently been partially repaid Eurobonds maturing in 2013 and 2017. Thus, the bank has significantly reduced the external debt and has demonstrated good credit. Trading recommendations ASYL INVEST: buy when the yield of 12% and sell when the yield 8% or hold to maturity. 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. [2010-01-13]