Market reveiws and recommendations of Financial Company REAL INVEST.KZ (Kazakhstan) analysts on January 14, 2011

/IRBIS, January 14, 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 14, 2011. JSC Financial Company REAL Invest.kz notes the following significant developments on the world stock, commodity and currency market: - major U.S. stock indices and Europe were closed on Thursday, opposite changes of quotations. On Thursday, European markets players' attention was drawn to several events, so in addition to the ECB and the Bank of England expected to hold an auction on placement of debt in Spain and Italy. It should be noted that, in general total market background in Europe wear very positive - and the ECB and the Bank of England left the base interest rates at record low levels. However, end the day steady growth of the regional indices failed - in the business including States and joined not too confident. In particular, published a package of macroeconomic data is very ambiguous character, so if the total amount of citizens who continue to receive unemployment benefits fell by 248 thousand, despite the fact that analysts were expecting a decline of only 47 thousand units, the data inflation data were above forecasts of experts, is expected to increase the producer price index is not more than 0.8%, while the actual data were at the level of 1.1%. End of day for European markets, however, took place mainly above floating marks on 0.44% decreased only Britain's FTSE 100. The U.S. Dow Jones and S & P500 finished the session lower quotations on 0.2% and 0.17% respectively. Today in the United States is also expected to publish macro statistics important than the consumer price index, will appear as data on retail sales, industrial production, business activity index and indicator values Michigan Mich. Sentiment. - Site emerging markets finished the session mostly lower indices. Unexpected increases in refinancing South Korea on 0.25% to 2.75% in an extremely negative impact on the dynamics of the trading platforms of the emerging economies, and the completion of the day for determining the four BRIC mainly took place below floating marks. Positively managed to close only the Russian RTS, which by virtue of contiguity of time zones has absorbed all the positive attitude of European players. With regard to the dynamics of resource assets, their movement in the last session also contributed to the correction of regional sites. - Oil prices, after three days of continuous growth, the last trading session adjusted by slightly more than 1%. Traders of commodity areas, and in particular those who engage in direct trading of futures contacts on the supply of oil, apparently cautioned themselves from excessively overheated oil prices, which as shown by the beginning of the year, fraught with unpleasant consequences in the form of a drop in prices. The past session of the cost of a barrel of oil recovered to the point of $ 91 and elements of technical analysis suggest to us that a new level of support is now focused not above the mark at $ 92 per barrel. - troy ounce for gold, the last session ended with half-point decrease in quotations. Unexpectedly, the prices of "precious metal" are gone, at least in the eight-day consolidation, marked price beyond $ 1,370 - 1,390 per ounce. At the end of last year the mood of the players foreshadowed a more active early 2011 for quotes "noble metal", but some recovery in the market of risky assets, ignoring low-yield "safe" assets, such as ounces of gold. Nevertheless, analysts of "REAL Invest.kz" are expect the very latest - by mid-February, the players will again look at the assets of the protective properties, which will facilitate the completion of the season as corporate reports, and corrective mood of players associated with it. - publication of the producer price index in dollars, an increase in the last month on 1.1%, which was 0.3% higher than the preliminary forecasts of analysts, has sent a substantial correction of the dollar. Thus, the currency pair EUR/USD for one last session only grew slightly less than 2%, to consolidate above the mark of 1.33, and almost reaching the level of the beginning of the year. In just the last four sessions of the euro against the dollar has risen by about 3.8%. - British pound, again up to the last session, adding more than half a percentage point, from the perspective of technical analysis, is close to completing a three-month downtrend and the uptrend is forming. In addition to dollar weakness, positive impact on the British pound is published in the UK macro-economic statistics, which usually comes out "better than expected." 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. [2011-01-14]