Investment ideas by ASYL INVEST JSC (Kazakhstan) analysts' on January 25, 2010

/IRBIS, January 25, 2010/ - ASYL INVEST JSC (Almaty) provided an overview of major events and their investment ideas and forecast to IRBIS on January 25, 2010. According to the massage the analysts of ASYL INVEST expected at international stock markets: - Tendency before the today's auctions develops moderately negative. Today the reporting for fourth quarter 2009 AK Steel Holding Corp will be published. Apple Inc., Halliburton Company, Texas Instruments and Zions Bancorp. - Among the published macroeconomic data it is necessary to allocate the data about a real estate sales volume in the secondary market in the USA for December. The previous value of an indicator - 6.45 million the houses, expected value - 5.9 million houses. In percentage expression decrease on 9.8 % month by a month is expected. - The Asian indexes mainly show now moderately going down dynamics. The Japanese index Nikkei 225 loses nearby 1 %. The Chinese index Shanghai Composite shows minor alteration. Hong Kong Hang Seng loses within 0.5 %. The Australian market also decreases on 0.5 %. - The nearest futures for oil of mark Brent bargain close 73$/barr, marks WTI nearby 74.5$/barr. Gold on bargains at level 1100$/tr.unts., silver - 17.15$/tr.unts., copper - 3.3$ / pound. Futures for the American indexes in the present show growth within 0.5 %. Course EUR/USD - 1.4160, GBP/USD - 1.6116. - Today analysts of JSC "ASYL INVEST" expect growth of stock quotes in Europe and the USA in view of strong decrease the day before and occurrences of ideas on purchase of strongly fallen in price papers. Tendency before opening of the auctions at the Kazakhstan stock exchange to develop neutral as the price balance on papers of index KASE means insignificant revaluation of papers in home market in comparison with the external. Analysts of ASYL INVEST give the following advice for investors on the following equity securities: on Friday, rating agency Fitch Ratings updated ratings of three Kazakhstan banks - Kazkommertsbank, Halyk bank, Bank Center Credit Bank. In particular forecasts on Halyk to bank and Bank CenterCreditBank have been reconsidered with "negative" to "stable". On Kazkommertsbank "the negative" forecast has been left without change. All ratings of banks have been confirmed at current levels. News, according to analysts of joint-stock company "ASYL INVEST", moderately positive for bank sector of the country, but is not capable to render essential influence on quotations of banks. The president of the country, past Friday, supported branch structures from banks. "Banks should be engaged in purely bank activity. For this purpose it is necessary to work to cut obviously or it is hidden structures, whether it be the insurance business, any industrial targets, the building companies, - through them resources including abroad ", - N.Nazarbaev told will be deduced again, opening on Friday in Astana meeting in the government following the results of social and economic development of the country for 2009. Also the president told that "the government should take under the control bank difference that there were no super incomes as it occurred earlier when the base rate appeared, and then on it corresponding payments "started to be wound. For today of any details, when and as banks will be subjected changes, no. Nevertheless, news to banks negative and together with a negative external background for bank sector can negatively affect quotations of banks. Influence on banks can be estimated only with the advent of details and concrete actions from outside the government and a regulator. Halykbank (LSE:HSBK, KASE:HSBK): during the Friday auctions, depositaries bank receipts have decreased in the price more than on 3 % to a mark in $9,5. In sale home market have led to decrease in quotations on 5,5 % to a mark in 346 tenges. Current trading recommendations of joint-stock company "ASYL INVEST" about company papers: to buy (to average positions) at level of $9 (330 tenges) to sell (partially to reduce positions) at level of $10,45 (385 tenges). Opening positions one prize (without possibility of averaging and position escalating) it is recommended to establish relatives stopp-losy. In the debt market of analytics of joint-stock company "ASYL INVEST" recommend to the investors pursuing the speculative aims, to pay attention on coupon bonds KZPC3Y08B873АО of "Tsesna bank" (TSBNb5, Profitableness - 18 %, the pure price - 66,7410 % from face value, the coupon rate - 6,8 %, индексированная on inflation, repayment date - 28.06.14). According to accounting balance on the end of September, 2009, a parity of liquid actives to total amount of actives has made 18 %. For the accounting period of the account and contributions of clients have grown on 8 %, and loans given out to clients have increased by 14 %. According to AFC (agency financial control) for December, 01st, 2009, idle loans have made 6,85 %, the average index on bank sector of Kazakhstan of 9,66 % (without BТА Bank, the Alliance Bank and Temir Bank) that testifies to rather high quality of a credit portfolio. Trading recommendations of joint-stock company "ASYL INVEST": to buy at profitableness of 18 %, to sell at profitableness of 13 %. 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. [2010-01-25]