Investment ideas by ASYL INVEST JSC (Kazakhstan) analysts' on February 17, 2010

/IRBIS, February 17, 2010/ - ASYL INVEST JSC (Almaty) provided an overview of major events and their investment ideas and forecast to IRBIS on February 17, 2010. According to the massage the analysts of ASYL INVEST expected at international stock markets: - Today, analysts of ASYL INVEST expect continued growth of stock markets in Europe and the USA. Asian stock indexes are now also showing strong growth. Japanese stock index Nikkei 225 rising to 2%. Hong Kong Hang Seng index growing by 1.85%. Australian stock market is growing at around 2%. Nearby futures for Brent crude traded at $ 75.8 per barrel., Mark WTI about 77 $ / bbl. Gold traded at in 1115 $ / ounce., Silver - 16,1 $ / ounce., Copper - 3,24 $ / lb. Futures on U.S. indexes are now showing a slight increase in the limits of 0,1%. Rate EUR / USD - 1.3764, GBP / USD - 1,5770. - Impact on the course of trading today will also have data on U.S. industrial production and construction of new homes in January. It is expected that rates will rise and support the trading in the stock market in the United States. In the UK, are now expected to publication of data on the labor market. It is expected that the unemployment rate will remain at the same level. - In the corporate sector will be published financial statements of several companies: BNP Paribas, ING Groep, Deere & Company, Devon Energy Corporation, XTO Energy, Hewlett-Packard, NVIDIA Corp., Cliffs Natural Resources. Analysts of ASYL INVEST give the following advice for investors on equity securities Kazakhmys plc (LSE: KAZ, KASE: GB_KZMS): in the course of yesterday's auctions of the quotation of shares increased in price by 2.85% to a mark of 13 pounds. Share prices continue to consolidate under the resistance level at 13 pounds. However, consolidation in the levels 12.5-13 pounds led to the breakdown of the upper boundary of a downward channel during yesterday's trading. The MACD on the daily graph is a bullish signal. MACD signal line crossed the line from the bottom up, that litter regarded as a signal to buy. Meanwhile, analysts of ASYL INVEST express concern and uncertainty about the future growth of the company stock price. The inventories of copper, tracking the London Metal Exchange, said that the reserves have reached 550 thousand tons, which is the maximum value since 2003. Early maximum value was recorded at the end of February 2009, after which there was a steady decline in stocks until mid-year. Santiago Gonzalez, Minister of Natural Resources of Chile, the world's largest country with natural resources of copper, yesterday expressed concern about the growth stocks of the metal around the world. In his view, it could trigger price declines. Current short-term trading recommendations of ASYL INVEST in securities of the company: buy at 10.85 pounds (KZT2,500), sell (part of record profits) at 13.5 pounds (KZT3,150). Long-term target price ASYL INVEST on the shares of the company, based on a fundamental assessment, involves a fair market price at 13.8 pounds per share. On the debt market analysts of ASYL INVEST recommend that investors pay attention to the coupon bonds KZPC2Y05B871 Tsesnabank (TSBNb4, PEFC. Yield - 16%, net price - 90.6890% of face value, coupon rate - 8%, fixed the date Maturity - 16.06.11). Analysts of ASYL INVEST recommended these bonds, based on the parameters of the attractive bonds. Analysts also expect a rise in prices these bonds after a slight decline up to the last transaction. According to the Bank's 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. The Bank has also demonstrated good credit by paying eurobonds worth $125 million from its own funds. Trading recommendations of ASYL INVEST: buy when the yield 16% and sell when the yield of 10%, 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. [2010-02-17]