Market reveiws and recommendations of Financial Company REAL INVEST.KZ (Kazakhstan) analysts on December 12, 2011

/IRBIS, January 12, 2011/ - JSC Finance Company REAL Invest.kz (Almaty, REAL Invest.kz) provided to IRBIS overview of major developments in Kazakhstan and the world markets on January 12, 2011. JSC Financial Company REAL Invest.kz notes the following significant developments on the world stock, commodity and currency market: - major stock exchanges in Europe and the U.S. finished trading on Tuesday, the growth of quotations. As the main driver for Western players on last session was quite a promising start to the season of corporate reporting, in particular, the aluminum giant Alcoa reported earnings per share of $ 0.21 versus $ 0.19 per share consensus of forecast of analysts. An additional factor that led investors to purchase securities is probably made by technical analysis, which after a few sessions to a number of negative formed quite acceptable levels for purchases. As a result of the day, major indexes in Europe rose by 0.97% -1.52%. The U.S. Dow Jones and S & P500 rose respectively by 0.3% and 0.37%. Today in the United States is expected to yield "beige book" The Fed, and most likely it is the nature of its contents, together with the starting records of American companies - all for a certain period will determine the dynamics of the main western areas. - Site emerging markets finished the last session the growth indices. All four sites of the four BRIC countries, displaying an enviable unanimity, closed on Tuesday rather steady growth, which contributed to a combination of factors, such as a correction in the western areas, rebound resource assets, after several days of decline and finally, the positive expectations of the corporate reporting season, launched in USA. Today's premarket sites for emerging economies are also positive, the Asian indices started the session with the growth of quotations. - oil prices rose after the last session the second day in a row. Quotations of "black gold", and added on Tuesday just over 2%, almost recovered to the levels start of this year, of which the price of a barrel of oil began a decline. Despite the presence of very strong signals from technical analysis, the main driver in yesterday's auction made fundamental analysis, in particular, positive start growth in corporate reporting herald the biggest U.S. companies, and with it the growth in energy demand. - gold prices, in turn, became more expensive third consecutive session, and as a result of trades on Tuesday rose 0.65% to at least $ 1,385 per ounce. Nevertheless, starting for the beginning of the year mark has not yet returned, and in relation to them quote "the precious metal traded at a discount of 2.4%. Note that today's Fed meeting could be at some point, determining the dynamics of ounces of gold, at the same time, any significant deviations from the current monetary policy by Mr. Bernanke's Office have not been forthcoming. - the two major currency pairs forex market on the last session had grown against the U.S. dollar, while if the prospects for the British pound at the moment looks quite good, the regional European currency is still under significant pressure, and yesterday's correction may be related to the players with a rebound after breaking through the important psychological level of 1.30. 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. [2011-01-12]