Market reveiws and recommendations of Financial Company REAL INVEST.KZ (Kazakhstan) analysts on October 8, 2010

/IRBIS, October 8, 2010/ - JSC Finance Company REAL Invest.kz (Almaty, REAL Invest.kz) provided to IRBIS overview of major developments in Kazakhstan and the world markets on October 8, 2010. JSC Finance Company REAL Invest.kz notes the following significant developments on the world stock, commodity and currency market: - major U.S. and European indices ended the trading session differently. Optimistic data from the U.S. labor market, according to which the number of initial applications for unemployment benefits last week, ending October 02, decreased by 11 thousand - up to 445 thousand applications, allowed to adjust the U.S. dollar, which in turn sent a correction of the majority quotes resource assets and securities of commodity companies. Provide certainty in market sentiment could not, and the ECB and the Bank of England has consistently kept the refinancing rate to previous levels of 1% and 0.5% respectively. An additional deterrent is probably made by the expectations of today's publication of detailed data from the U.S. labor market, in particular, the changes will be published on the number of new jobs in non-farm payrolls in September, as well as the expected output level of unemployment, according to analysts, the index last month rose from 9.6% to 9.7%. - the site of the emerging economies also failed during the last trading session to determine the direction, completing the day multidirectional change quotations. In addition, if during the auction on Thursday to support a particular factor appeared dynamics of commodity platforms, today, in light of the correction in prices of basic commodities, the external background before opening the sites emerging markets is characterized as moderately negative. - Quotes barrel of WTI on the results of yesterday's trading session immediately corrected by more than 3%, against the background of the simultaneous influence of factors such as the need for a substantial correction after two weeks of growth, and correction of the U.S. dollar. Regarding the future prospects of the dynamics of quotations of "black gold" in the near term, analysts of "REAL Invest.kz" are expect a recovery in oil prices to limit the range of one year, at the same time, the dynamics of the next few sessions can significantly affect the data published today in the U.S. labor market . - After setting a new historic record price, adjusted, and the cost of ounce of gold, with the correction itself, as "REAL Invest.kz" predicted in a few days earlier, wore fast character, and at the end of Thursday report has already reached the mark of a little less than 2%. Despite the "official" reason for such speakers, which sounds like "depreciation against the dollar strengthening," analysts of "REAL Invest.kz" believe that the record profits of market participants primarily caused the current level of quotations of precious metal, as well as an impressive dynamo growth over the past two months. In this regard, "REAL Invest.kz" expects continued correction in the future the next few sessions to a level of approximately $ 1,310 per ounce. - Held the strengthening of U.S. dollar, meanwhile, did not affect any of the major currency pairs, which on the basis of the last session virtually unchanged in value, and early in the day, even attempted to overcome important resistance levels at around 1.40 and 1.60 of currency steam EUR/USD and GBP/USD, respectively. In this light, the thesis held on strengthening U.S. currency originally put in an unsuccessful attempt of these currency pairs to set new five-month highs. JSC Finance Company REAL Invest.kz notes the following significant developments on the Kazakhstan market: - The National Welfare Fund "SK" (NWF) is planning to increase its stake in ENRC Corporation, similar to how it was done in the "Kazakhmys" corporation. On Wednesday reported the British edition of The Daily Telegraph, with reference to the Director of Mining NWF Mr. Zhandos Abishev. By itself the British edition in the meantime is concerned, he noted, with increasing pressure on the "British" Companies ENRC and Kazakhmys, which, according to unnamed analysts associated with the death of Mr. Vladimir Ni. Analysts of "REAL Invest.kz" noted that the most attractive stories among the shares of Kazakh companies are RD Kazmunaigas, Kazakhtelecom and Halyk Bank. Especially attractive look and EP Kazakhtelecom, as both companies are very strong balance sheet with low debt burden, the EP's net debt at all negative, i.e. cash flows of the company exceed liabilities. Besides their business generates more free cash flow, which allows them to pay a very solid dividends. Dividend income on preferred shares of KMG and Kazakhtelecom is 6-8% and 3- 4% of ordinary shares. Shares of these companies are traded much cheaper than the shares of similar companies in other emerging markets. This material is for informational purposes and is not an offer or recommendation to perform any transaction in securities. Agency IRBIS is not responsible for the opinions expressed in this material. [2010-10-08]