Market reveiws and recommendations of Financial Company REAL INVEST.KZ (Kazakhstan) analysts on November 12, 2010

/IRBIS, November 12, 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 November 12, 2010. JSC Financial Company REAL Invest.kz notes the following significant developments on the world stock, commodity and currency market: - the main area the U.S. and Europe finished the day in negative territory. The main factors for the sales on the sites "developed West" on Thursday were fears of market participants regarding the situation with the budget deficit in Ireland, the problems which, according to some experts, no less than Greek, and soon began to Summit "Big 20" in Seoul . Thus, Professor of Economics University of Dublin Mr. Morgan Kelly, on Thursday announced a rather gloomy forecast of the future prospects of Ireland. According to the forecast professor, Ireland inevitably awaits bankruptcy and the repetition of the fate of Greece. Loss of its banks are too high, and Dublin will be looking for means to plug a huge hole in the financial system, and the head of the European Union countries will agree to lend a helping hand just for a high price. According to Mr. Kelly, they want to use the example of Ireland and to wean others do not to use it. At the same time, the success of the upcoming G20 summit now believe very few, since according to most experts, consensus decisions will not be accepted for the reason that each of the major countries will defend self-interest in each of the issues, in particular, this applies to foreign currency U.S. policy, and China. Up to the day the main European sites have gone down on 0.1% -0.5%, U.S. indices closed lower by 0.4% - 0.65%. Today in the euro area will be published preliminary data on changes in GDP in the third quarter, so according to the expectations of analysts, the index showed an increase of 1.9% in annual terms. In the United States today will be published preliminary consumer sentiment index value of the University of Michigan. - Site emerging markets on the basis of Thursday's significantly decreased. Heated again fears the western market participants around the debt problems of the peripheral countries the euro area, spread to regional sites, which for several consecutive sessions are under significant pressure. Turned out to be negative and published in China macro statistics, according to which the level of industrial production in the country increased by 0.3% less than analysts' expectations, while consumer price index in China rose by contrast 0.4% more than forecast staff. Today's premarket site for emerging economies is characterized as a negative, playgrounds Asia has once again started the day with sales. - the price per barrel of WTI crude oil up to the last trading session to adjust on a 2.3% almost reached the lower limit and a half weeks price range, located at around $ 86 per barrel. The main driver for sales made by the general negative attitude of market participants, spread on Thursday to absolutely every kind of asset, including a contract for the supply of a barrel of oil. However, long-term prospects of "black gold" on Thursday were supported by forecasts of OPEC, according to which oil demand in the coming year, revised upwards by 120 thousand barrels to 1.2 million barrels. With regard to short- term prospects of quotations of "black gold", in the case of penetration of a specified level of $ 86 per barrel, according to the "REAL Invest.kz", it is likely to continue the correction at least at today's session. - quotes troy ounce of gold also dropped by the end of trading session Thursday, with prices "precious metal" has also been made to support a local level, located just above $ 1,380 an ounce. Most likely, during today's session, traders once again try to avoid significant volume of investments in any of the assets, but in the medium term, at the moment growth of quotations "precious metal" according to "REAL Invest.kz" not in danger. - two majors of the Forex market on the basis of the last session substantially corrected, with the quotation of EUR/USD even dropped below the psychological mark of 1.37. The British pound finished the day as a decrease in quotations, but the value of a currency pair GBP/USD continues to remain above the mark to 1.60. 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. [2010-11-12]