Market reveiws and recommendations of Financial Company REAL INVEST.KZ (Kazakhstan) analysts on November 18, 2010

/IRBIS, November 19, 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 19, 2010. JSC Financial Company REAL Invest.kz notes the following significant developments on the world stock, commodity and currency market: - trades on American and European markets on Thursday ended steady growth of quotations. The last session for the western areas was held under the undeniable influence of "bulls" on the background of several upbeat events. Thus, the head of the Central Bank of Ireland, Patrick Honohan said that in the very near future his country would receive "a very substantial loan to the size of the" tens of billions "of euros from the EU and the IMF, noting that the last word in this matter rests with the Government. Reluctance to Ireland to fund budget deficits through not cheap loans neighboring countries in the euro area, triggering a sharp negative reaction in financial markets, and so yesterday's statement by the head of the Central Bank of the country, has managed to somewhat ease the tension of recent days. Following a positive factor on Thursday was the publication of data from the U.S. labor market, according to which the number of visits for primary unemployment benefits last week increased by only 2 thousand units, while analysts had expected growth rate of at least 5 thousand units. It has also been published value of the indicator Philadelphia Fed., Which in November rose to 22.5 points, or more than 4 times surpassed forecasts of experts. As a result of the day, major indexes of sites in Europe grew by 1.3% -2%, U.S. Dow Jones and S & P 500 finished the day increase by 1.57% and 1.54% respectively. - Site emerging markets finished the day positive. The past session was a rare exception to the rule, when all four sites were marked BRIC unanimity amicably closing the day a significant increase in quotes. Boasts the fastest growing Russian RTS index, the volatility which in the past sessions fold increased In general, the overall positive background, to provide such dynamic areas of emerging economies was driven by news from the eurozone, whose members desperately tried to soothe a feverish markets. An additional supportive factor for the emerging markets became correction of raw assets. Today's premarket to regional areas is positive, Asian area started the day with the raising of quotations. - Oil prices, on the session on Thursday, grew at 1.23%, slightly adapted, after a significant decline in recent sessions, fighting off Wednesday from the support level, which is located at around $ 80 a barrel. Following the recent isolation of some of the stock exchanges and other assets of the raw areas, which was observed during growth in the first half of November, quotes the "black gold" back under the impact of general background that led to yesterday's correction in oil prices. In connection with all this, analysts of "REAL Invest.kz" are believe that the further dynamics of quotations of "black gold" will be subordinated to general market sentiment, which in turn predict at this time seems impossible. At the same time it is obvious that the mark at $ 80 still acts as a support level, to overcome that probably will not be easy. - troy ounce of gold after the last two sessions corrected for 2%, fighting off competition from the mark at $ 1,330 and closed Thursday above $ 1,350. In this case, according to the "REAL Invest.kz", there is just different from the dynamics of oil prices picture. Gold prices on a variety of reasons in the short term will be changed to a greater degree of general market factors, and on factors of technical analysis, particularly closer to the point of $ 1,500 per ounce. Investing in gold is likely to be in any case - against the background of positive growth and stock markets, and after developing market participants' pessimism - to secure the rights of the asset. Analysts of "REAL Invest.kz" still waiting for consolidation quotes "precious metal" to the end of this year, with the border consolidation may increase substantially as we approach the psychological level. - currency pair EUR/USD after a small correction quotations on Wednesday, during the last session did not change significantly in value, despite the seemingly positive prevailing ambient background for the European currency. This suggests continued downward quotes the EUR / USD immediately after changing the general sentiment. Volatile British pound, in turn, on the session grew by 0,6%, to consolidate above the mark of 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. [2010-11-19]