Market reveiws and recommendations of Financial Company REAL INVEST.KZ (Kazakhstan) analysts on January 25, 2011

/IRBIS, January 25, 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 25, 2011. JSC Financial Company REAL Invest.kz notes the following significant developments on the world stock, commodity and currency market: - the main area the U.S. and Europe were closed on Monday with the growth of indices. Not too positively held last week, probably acted as one of the main factors contributing to the growth of quotations index of the Western areas. The next factor in the positive trend was the publication macro statistics of the Euro zone, according to which the volume of new orders in the region rose in November at 5.1%, while analysts were expecting growth of only 2.3%. Finally, the corporate report McDonald's, had declared a profit in the fourth quarter of last year, to $ 1.16 per share, completes the list of events that led to the return of "risk appetite" among investors. Following the session, the major European markets rose by 0.08% -0.81%, U.S. Dow Jones and S & P 500 closed higher quotations on 0.92% and 0.58% respectively. Today in the United States will be published values of the index of consumer confidence - experts expect that in January the index rose 1 point to 53.5 points, in addition, the U.S. is expected to yield a number of reports of major companies, such as Johnson & Johnson and US Steel. - Site emerging markets finished the last session mostly decreasing indices. Uncertain dynamics of the Western markets last week, has caused is not too positive start trading on the floors of the emerging economies, which on Monday largely corrected. The main factor that prompted regional investors to lock in profits made by the weak dynamics of commodity assets. Today's premarket for emerging markets are moderately positive, but the Chinese site started the day with lower indices. BSE +0.78% SSEC -2.72 Bovespa -2.09 PTC +0.8% - Oil prices on the basis of past trade declined by 1.68% to $ 87.5 per barrel. Over the past four sessions, quotes the "black gold" has already corrected a little less than 5%, and their current level is just near the lower boundary of the two-month price range. This circumstance, according to the "REAL Invest.kz", can be both a cause rebound from the level of support and factor that may accelerate the correction in oil prices, if the significance level will be surpassed, but analysts of "REAL Invest.kz" consider that the development of the first scenario today is more likely. - the price of gold at the end of trading on Monday corrected by 1.3% to $ 1,332 per ounce. Over the last ten sessions, quotes, "precious metal" have dropped by more than 4.1%, with a given critical support level, located at around $ 1,350 an ounce. Despite the raised around the "yellow metal" speculation about an early fall of quotes analysts of "REAL Invest.kz" believe the current correction of the local, caused largely technical factors, and temporal abstraction investors to more risky assets. - euro against the U.S. dollar on the results of last session, reached a new maximum values in the last three months, closing just below $ 1.37. Over the past two weeks, the currency pair EUR/USD has increased by about 6.8%, and to date has not yet seen the factors that could interrupt this trend. - British pound on Monday once again tested the 1.60 mark and yet another failed attempt to end, may soon act as a driver for the profit- players playing for promotion to the pair GBP/USD. 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. [2011-01-25]