Market reveiws and recommendations of Financial Company REAL INVEST.KZ (Kazakhstan) analysts on October 14, 2010

/IRBIS, October 14, 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 14, 2010. JSC Financial Company REAL Invest.kz notes the following significant developments on the world stock, commodity and currency market: - major U.S. and European markets finished the day a significant increase in the past. Sites in Europe, adding up to the session, from 1.4% to 2.1%, to win back up a minute of the Fed meeting, held on Tuesday, as well as upbeat corporate reports Intel's second quarter. In addition, the attitude of players affected to the publication of macroeconomic statistics, so the volume of industrial production in August in the euro area rose by 1% in monthly terms, while analysts predicted growth rate only at 0.8%. U.S. sites were added during the session more than a percentage, but this afternoon the major U.S. indices were corrected, and closed growth of about 0.7%. Growth in the U.S., in addition to the report Intel, released after the market closes on Tuesday, has contributed to the corporate account of one of the largest U.S. banks JP Morgan Chase. Today in the U.S. is expected to publish weekly data from the labor market, and will leave the index of producer prices and data on the country's trade balance. - Indexes the main areas emerging markets finished the day a significant increase in quotes. Bidding on the areas of emerging economies on Wednesday were on a wave of optimism, secured a good start of the season in the U.S. corporate reporting. Increase in regional indexes for the day up by 0.7% - to 2.4%. External background before bidding on platforms emerging markets characterized today as a positive development that provides good closure of the western areas as well as increase the cost of major raw material assets. - Oil prices finished the trading session on Wednesday two percent increase, slightly confounded, thus some of the major Western invest at home, projected cost reduction of "black gold". End of day was held at around $ 83.7 per barrel. - in a good "not complacent", and the troy ounce of gold, which reached up to the session of the new record high at around $ 1,380. Continued weakening U.S. dollar, fueled by expectations of market participants new measures of quantitative easing by the Fed, now serves mainly to our mind factor for the purchase of "noble metal". Given that after yesterday's close of trading, the distance to the important psychological level of $ 1,400 was reduced to a minimum, market participants are likely to take in the short term, attempts to assault. - currency pair EUR/USD on the results of the last session broke the still inaccessible until yesterday threshold at around 1.40, ending the trading day only slightly lower than in 1.41. At the same time, talking about the full and long-term penetration yet, according to the "REAL Invest.kz", somewhat prematurely, eventually forming an opinion will only be possible after a few sessions. The British pound, in turn, during the last session to make the next attempt to take the mark of 1.60, which again ended in failure. Gain currency pair GBP/USD on the day up 0.7% mark. 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. [2010-10-14]