Market reveiws and recommendations of Financial Company REAL INVEST.KZ (Kazakhstan) analysts on November 29, 2010

/IRBIS, November 29, 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 29, 2010. JSC Financial Company REAL Invest.kz notes the following significant developments on the world stock, commodity and currency market: - Friday trading in the U.S. and Europe ended lower quotations, a week in negative territory. Significantly podsokraschennaya, amid the celebration of Thanksgiving Day, trading week in the U.S. was not very positive - on the background of sharply lower volumes, only a few moderately negative news sent U.S. indexes into a deep interest adjustment, with the S & P 500 once again pulled back from the psychological mark of 1,200 points . Trades in Europe on Friday also held in negative territory, the main factor that made investors record profits, was the news that the European Central Bank and most of the eurozone countries are putting pressure on Portugal to the fact that it has applied for financial assistance from the European Union and the International Monetary fund. Probably the situation in Portugal at the moment is so unfavorable that market participants are seriously afraid of imminent onset of the crisis in the country. According to the results of last week, the U.S. Dow Jones and S & P500 fell by 0.99% and 0.83% respectively. Indexes in Europe following week also predominantly recorded a significant decrease - the French CAC 40 fell 3.4%, Britain's FTSE 100 fell by 1.12%, and only the German DAX up to five trading sessions, was able to grow up a little - on 0.07%. - Site emerging markets for the week, mostly recorded a decline. Was not an easy week for the index in emerging economies - Western negativity in full has been replicated by regional players who are on the background of the increasing challenges of the euro area - one of the key importers, fixed income most of the week. An additional factor causing sales at regional sites was aggravating the situation on the Korean peninsula on Monday. As a result of weeks of the Indian BSE adjusted for 2.29%, the Bovespa in Brazil fell by 3.8%, the Chinese SSEC fell by 0.6%, and only Russia's RTS a little added - 0.12%. - Oil prices on the results of last week had grown to 2.18%, while the last five sessions were divided into two price ranges. Despite the generally negative market sentiment, quote, "black gold" fueled by speedy revision of the forecast demand for oil next year, in no hurry to be corrected. "REAL Invest.kz" has already indicated that the daily chart of oil prices, almost fully formed figure of a head and shoulders", to finalize that may fall in oil prices below $ 82 a barrel. Analysts of "REAL Invest.kz" believe that it is this fact will be decisive in the short term, and in case of touching quotes "black gold" of these marks, lower oil prices can be quite substantial. - gold price has been adjusted for eight consecutive sessions, with the width of the estimated price range - $ 50 from $ 1330 - up to $ 1,380 per ounce. Given the substantial overlap of the current dynamics of quotations of precious metal "with our forecast two weeks ago, analysts still believe it is likely a similar dynamic in the run up to the end of the year, while it is possible that price range can increase substantially. - quotes a regional European currency last week declined to 3.36%, breaking the daily chart support level six-month uptrend. Despite the commitment to "REAL Invest.kz" to draw conclusions only after final confirmation of any event, in this case, the analysts of "REAL Invest.kz" believe that fundamental and technical factors suggest that the EUR/USD already is at the mercy of the downtrend. Thus, the forecast "REAL Invest.kz" in the short term - continued reduction of quotations, and the dynamics of the reduction can range from mild to pronounced. - British pound in the week fell by 2.5%, almost exactly repeating the dynamics of the euro, in turn, breaking the annual level of support. If the imminent collapse of the euro two weeks ago seemed fairly obvious, the situation with the pair GBP/USD did not look just as uncompromising. However, now both major currency pairs are equal, almost simultaneously decreasing relative to the U.S. dollar. 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 EP KMG and 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. [2010-11-29]