Investment ideas by ASYL INVEST JSC (Kazakhstan) analysts' on February 2, 2010

/IRBIS, February 2, 2010/ - ASYL INVEST JSC (Almaty) provided an overview of major events and their investment ideas and forecast to IRBIS on February 2, 2010. According to the massage the analysts of ASYL INVEST expected at international stock markets: - Today, analysts of ASYL INVEST expect moderate growth of stock markets in Europe. The significant decline last week, and markets rebound from the local minima of today may continue. Today, the company will report such as: Pepsi, TDK, Dow Chemical, UPS, America Movil, Massey Energy and BP. - Among the published macroeconomic statistics should be noted the December data on uncompleted real estate sales in the United States. Expected growth rate. Germany will be published by December's data on retail sales. Also expected growth rate. The UK will publish the index of business activity in the construction sector in January. - Asian stock indexes are now showing strong growth. Japanese stock index Nikkei 225 rising to within 1.8%. Chinese sites grow in the range of 2%. Nearby futures for Brent crude traded at $ 73.7 per barrel. Mark WTI for about 75 $ / bbl. Gold traded above the level in % 1,105/ounce Silver - $ 16.7/ounce, Copper - $ 3.10/lb. Futures on U.S. indexes are now showing a slight change. Rate EUR / USD - 1.3912, GBP / USD - 1.5956. - Kazakhstan market analysts ASYL INVEST expect growth of quotations in response to positive trading in Europe and the U.S. yesterday. Analysts of ASYL INVEST give the following advice for investors in equity securities of JSC KazMunaiGas EP (LSE: KMG, KASE: RDGZ): during yesterday's trading quotations of depositary receipts of the company fell within 0.5% and closed at the mark in $ 25.24 per GDR. during the trading session, the quotes decreased to a level of $ 25, which corresponds to the recommended we purchase price. Petroleum quotes yesterday showed very strong growth (+2%) in response to a positive macroeconomic data in the United States. Support for quotes also has expectations that commercial stocks of crude oil fell last week of January. The data on them will be published tomorrow, the U.S. Department of Energy. On the market there are also expectations that OPEC for the first time over the past 5 months has reduced the actual volume of oil production in January. Support for Western oil companies in the yesterday's trades had a positive reporting and Exxon Mobil. Earnings per share were higher than expected on the market. Investors are expecting earnings of $ 1.19 per share, as the evidence showed that the company earned $ 1.27 per share. Securities of companies in the oil sector during yesterday's trading looked quite confidently: Exxon Mobil (+2.72%), Chevron (+2.02%), ConocoPhillips (+2.23%), Occidental Petroleum (+1.9%), Anadarko Petroleum (+ 2.07%). Russia's oil and gas giant Gazprom has reported for the third quarter of 2009, income rose to 131.7 billion rubles. In the third quarter of 2008 to 174.6 billion rubles. The growth of the company's profit was driven by a smaller amount of taxes and weakened the ruble. Overall, the data exceeded forecasts and market expectations. Quotes securities companies during yesterday's trading rose by 2%. Today, analysts of ASYL INVEST expect growth of quotations of securities AB "RD" KMG ", current trading recommendations on securities companies are the same: buy (averaged position) at $ 25 (KZT 22,200), sell (part of record profits) at $ 28 (KZT 24,850). Opening the position of one lot (without the possibility of averaging and build positions), it is recommended to install close Stoppa-bands. For investors with long-term investment horizon, analysts of ASYL INVEST recommend buying equity securities of the issuer. On the basis of the fundamental assessment of the fair value of the company, the target price for the securities of the company set at $ 30.93 (KZT 27,500). On the debt market analysts of ASYL INVEST recommend investors, risk tolerance, to draw attention to the coupon subordinated bonds KZPC3Y08B873AO Tsesnabank (TSBNb5, PEFC. Yield - 20%, net price - 62.4598% of face value, coupon rate - 6.8%, indexed to inflation, maturity date - 28.06.14). Analysts ASYL INVEST expected inflation data, after falling bond prices after the last transaction (the yield increased from 18% to 20%). Analysts also believe sufficiently attractive options bonds, based on the relatively good financial position of the bank. According to the financial statements at the end of September 2009, the bank has enough good indicators of liquidity. Value of liquid assets to total assets was 18%. The bank also expanded its client base. During the reporting period, accounts and customer deposits rose by 8%, while loans to customers increased by 14%. According to the FSA on December 1, 2009, non- performing loans amounted to 6.85%, while the average for the banking sector of Kazakhstan, 9.66% (non-BTA Bank, Alliance Bank and Temir Bank), which indicates a relatively good quality credit portfolio. Trading recommendations of ASYL INVEST: buy when the yield of 20% and sell when the yield 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. [2010-02-02]