The review of the basic events from analysts of JSC "ASYL Invest" (Kazakhstan) for February, 26th, 2010

/IRBIS, February 26, 2010/ - The JSC "ASYL Invest " (Almaty) has given IRBIS the review of the basic events and the investment ideas and forecasts for February, 26th, 2010. Analysts of JSC "ASYL Invest " allocate following significant events in the markets: - JSC "Bank CentrCredit" gets support in a kind of the new share capital. On February, 25th, 2010 Bank CentrCredit has officially declared that Korean Kookmin Bank and the International Financial corporation (IFC) have finished the transaction on participation in capital Bank CentrCredit. As a result of Kookmin Bank has finished the share in capital Bank CentrCredit to 42 %, and IFC has got 10 % from all quantity of the let out and paid actions. Thus, Bank CentrCredit receives the strong shareholder in the name of IFC and strengthens the positions in home market. In January it was informed that the Bank has suggested the shareholders to take advantage of the right of primary purchase, placing 17 976 269 simple actions and 39 249 255 preference shares converted in the simple. Analysts of JSC "ASYL Invest" assumed then that as a result of placing simple and preference shares share Kookmin bank will increase to 40,1 %, and IFC will receive 12,5 %.Analysts of JSC "ASYL INVEST" consider that the given news is important for bank sector of Kazakhstan as shows confidence Kookmin Bank and IFC in its prospects. For Bank actions the given news has neutral character as about the prospective transaction it was known in December. - On KASE the auctions under the international bonds of Halyk of Bank open. Today at the Kazakhstan stock exchange the auctions under the international bonds of Halyk of Bank - HSBKe2 (repayment date - 5/13/2013, the semi-annual coupon of 7,750 % annual, a kind of the coupon rate - fixed, release volume - $270 250 thousand, ratings - Moody's (Ba2), Standard and Poor's (B +), Fitch Ratings (B +)), HSBKe3 (repayment date - 5/3/2017, the semi-annual coupon of 7,250 % annual, a kind of the coupon rate - fixed, release volume - $638 029 thousand, ratings - Standard and Poor's (B +), Fitch Ratings (B +)), HSBKe4 (termless, the semi-annual coupon of 9,250 % annual, a kind of the coupon rate open - Fixed, release volume - $490 500 thousand, ratings - Standard and Poor's (B +), Moody's (Ba2)). The given debt tools are identical to Eurobonds of the emitter. For today, Eurobonds of Halyk of Bank HSBK 13, HSBK 17 and HSBK perpetual bargain at levels of profitablenesses - 8,25 %, 8,65 % and 8,34 % accordingly. Analysts of JSC "ASYL INVEST" consider attractive enough parametres of bonds and recommend their purchase at profitablenesses above 8,5 %. - Import prices of China of iron ore have reached a new maximum. According to the information of customs service of China, import of iron ore in January has made 46,62 million tons that on 43 % more than one year ago. However the indicator has appeared more poorly December value on 25 %. Export of production in January has made 2,9 million tons of a steel that on 51 % more than one year ago. The import price of ore from 62 % the iron maintenance has grown yesterday on 1,4 % to a mark in $133,10 for metric ton. The indicator has appeared the highest for last 14 months. According to a steel index (Steel Index), a spot the price for iron ore has grown almost on 10 % for last 4 weeks. Despite some recession of volumes of import to China in January, the information on the high prices creates a positive background for stock quotes ENRC. The given material has exclusively information character and is not the offer or the recommendation to make any transactions with securities. Agency "IRBIS" does not bear responsibility for the opinions stated in the given material [2010-02-26]