Market reveiws and recommendations of Financial Company REAL INVEST.KZ (Kazakhstan) analysts on November 15, 2010

/IRBIS, November 15, 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 15, 2010. JSC Financial Company REAL Invest.kz notes the following significant developments on the world stock, commodity and currency market: - Friday trading on the American and European markets ended lower major indexes. Published yet on Thursday, data on inflation in China, according to which Celestial CPI in October rose by 4.4%, the 25- month high, gave serious cause market participants to expect soon to tighten monetary policy by the Chinese authorities to curb the inflationary increase. An additional negative factor was the release of data on the change Euro zone GDP in the third quarter - the value index increased during the reporting period, by 0.1% less than the already modest expectations of analysts had forecast growth at 0.5%. Macroeconomic statistics from the U.S. only added confidence "Bear", active fixed income, index of consumer confidence in the U.S. this month rose by 0.1 points lower than analysts' forecasts, is expected to increase rate to a mark of 69 points. As a result of the day, the U.S. the Dow Jones and S & P 500 fell by 0.8% and 1.18% respectively, while S & P 500 ended the week below the psychological level of 1,200 points. As a result of weeks of U.S. indices have recorded substantial losses at the level of 2.2%. Indexes in Europe and on the week to adjust, the French CAC 40 up to five sessions, fell by 2.2%, German DAX by 0.28%, while Britain's FTSE 100 for the week, adjusted to 1.3%. - past week turned out different sites for emerging markets. Immediately two major interstate activities - G20 summit in Seoul and the APEC Summit in Tokyo, took place at the end of last week, according to analysts would have to make significant adjustments in the global balance of economic forces. However, in addition to an oral agreement in fact the U.S. and China did not untie the currency of war, analysts believe that some really effective measures aimed at strengthening the fragile global economic growth made and were not. Sites in developing countries, under pressure and support a number of factors have closed the past week in different directions, so if the Indian BSE and Russian PTC grown up to five consecutive trading session at a quarter percent, the Brazilian BOVESPA sank immediately to 3.08%, while the Chinese SSEC inflationary pressure Data has fallen by 4.6%. Today's session began with the Asian area of steady growth - around the "fault" output data for Japan's GDP in the third quarter - rather than analysts had expected growth to 2.6% of GDP of the Rising Sun has grown by 3.9%. Thus, for premarket sites emerging markets to the present moment is regarded as positive. - quotations of "black gold" on the basis of the last session to adjust on 2.3%, fully covering a small increase at the beginning of the week and finished Friday's session below $ 85 a barrel. Despite a rather substantial decline in oil prices that occurred against the background of the formation of general negative mood of investors at mid-day schedule is still clearly visible upward dynamics. In the short term quotes "black gold" can be supported by macro-economic statistics of Asia, that under certain conditions can become the driver for a new two-year high at $ 90 per barrel. - the price of an ounce of gold for the entire second half of the week were in a state of correction, down from a maximum value at 3.7%. At the same time, the daily chart, the uptrend is stored here, however, very likely in the short term, beginning a little consolidation, with the possibility of a moderate correction of quotations, so that by the end of the year, as close to the mark at $ 1,500, and perhaps even try to overcome it. - quotes a regional European currency on the basis of last week fell by 2.4%, breaking through the psychological level at around 1.37, and despite a small correction on Friday closed below it. In total, up to a half weeks, the currency pair EUR/USD corrected for 4.4%, and traders will find the answer to a difficult question: what is worse - once again warmed up fears about the budgetary problems of the Euro zone, or inflationary pressures caused by the recent adoption of a package of measures the Fed . According to the "REAL Invest.kz", the current situation is more negative for the euro, which resulted in short-term decrease in quotations of the pair EUR/USD. - British pound, at the end of the week virtually unchanged in value, while there was repulsed quotations pair GBP/USD from the 1.60 mark. That last fact, according to the "REAL Invest.kz", provided that the British currency again "will resist" bear "in the case of another attempt to break through the psychological level, may be decisive to the very end of the year. Of the maximum value for the year GBP/USD pair is currently trading at a discount to only 1.23%. 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. [2010-11-15]