Market reveiws and recommendations of Financial Company REAL INVEST.KZ (Kazakhstan) analysts on November 30, 2010

/IRBIS, November 30, 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 30, 2010. JSC Financial Company REAL Invest.kz notes the following significant developments on the world stock, commodity and currency market: - bidding for major venues the U.S. and Europe ended in negative territory. European indexes were closed on Monday for more than two percent decline, which acted as the main cause aggravation of the situation with the budget deficit in a number of countries in the region. Thus, despite the fact that the European Union has approved a 85 billion euro of Ireland in aid, the optimism was short-term investors, since the debt markets have not shown a positive reaction to this news. Profitability of the Italian and Spanish bond continued to grow. In all likelihood, the measures taken were insufficient to allay investors' concerns over the widening debt crisis and the fact that the problems caused by Greece and Ireland, now spread to other European countries. Against this background of joyless, trading in the U.S. have opened more than 1.5 cent decrease in quotations, but two hours before the session began to be adjusted, allowing end the day with smaller losses. On the daily chart of the index S & P 500 has formed a model "flag", which is probably in the very short term, is realized in a powerful penetration, in addition, if technical analysis is largely involves the upward momentum, the news background suggests rather the opposite. Today in the United States, there are data directly on two important indicators - consumer confidence - expected growth rate by 2 points to 52 points, and the index of business optimism Chicago PMI, which according to experts' forecasts last month decreased by 1 point. - Site emerging markets finished the last session a significant drop in prices. West did not ignore the negative side of the court in developing countries, and this time, which on Monday were down even though some correction of raw assets. In Asia, the Bears were also supported by negative news from Japan, where retail sales in October instead of the expected growth by 0.7%, decreased by 0.2%. Premarket platforms for emerging markets today is moderately negative - as a mitigating factor in favor partial decline in the western areas have on the results of yesterday's session. - futures trading in oil on Monday opened a significant reduction, but during the second half of the correction quotes "black gold" is more than exceeded the plan, increasing up to the day more than 1%. In total, over the past four sessions, oil prices rose by 4.3%. At the moment, with a fairly high level of accuracy is repeated scenario of the end of last month, when despite swept the stock and commodity platforms pessimism, oil prices rose steadily, reaching even the yearly highs. Additional uncertainty of the situation gives the growth factor value of American currency, the dynamics of which is traditionally a counterweight to raw material assets. At the same time, there is risk of imminent start of a significant decline in oil prices against the possible formation of figures "head and shoulders on the daily chart. - troy ounce of gold on the results of the last trading day has remained faithful to the dynamics of recent weeks, virtually unchanged in value at the time of the session. Analysts of "REAL Invest.kz" offer two price ranges: the first - more of a global $ 1 330 -1 380 an ounce, the second - much more concise $ 1,360 - 1,370 per ounce. Despite the fact that the overall dynamics of the prices of "noble metal" is unlikely to change until the end of the year, analysts of "REAL Invest.kz" are believe that price range can be substantially increased. - major currency pairs market Forex EUR/USD and GBP/USD on the basis of trading on Monday fell by 0.67% and 0.3% respectively, while, as clearly seen in the chart below, the two currency pairs are uniquely completed annual upward trend and now demonstrate the dynamics of decline, which could take at least until the end of the year. Yesterday's reaction to market participants on the ECB's decision to provide financial assistance to Ireland once again confirms that the Euro zone to accelerate the process of assisting affected countries in the region. Total for the six sessions of continuous decline euro and British pound have dropped by 4.7% and 3.4% respectively. 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. [2010-11-30]