Forecast and recommendations of FIH "RESMI" (Kazakhstan) for August 31, 2011

/IRBIS, August 31, 2011/ - "RESMI" Financial & Investment House" JCS (Almaty, "RESMI" FIH) has provided IRBIS with the review of key events and its investment ideas and forecasts for August 31, 2011 The "RESMI" FIH analysts pay the investors' attention to the following key events on the markets: - Number of victims of the hurricane "Irene" in the U.S. grew to 43 people. Because of the cyclone in a few states reported massive power outages due to broken wiring. Hurricane severely damaged power grid east of the USA - at last count, were without electricity for more than 5 million customers. Of course, after the insurance and retail sector is one of the most affected in the light of the disaster. Last weekend of summer is traditionally used by Americans to purchase school supplies before the start of the school year. According to experts, the U.S. East Coast retailers because of the "Irene" miss from 85% to 90% of profits last summer weekend, with the yield inferior only Christmas and New Year. In this connection, analysts of FIH "RESMI" expected reduce the volume of the August sales figures retailers JCPenney (JCP US), Kohl's (KSS US), Macy's (M US) and Saks (SKS US). However, amid the growing number of victims of the hurricane "Irene", analysts of "RESMI" expected growth rate of sales in August-September of pharmaceutical companies specializing in the preparations of the basic activity (cough, pain, etc.) and consumable medical supplies. The largest U.S. companies in the sector are above GlaxoSmithKline (GSK US), 3M (MMM US), Pfizer (PFE US), Elli Lily (LLY US), TEVA (TEVA IT), Merck (MRK US). Following the pharmaceutical sector, analysts of "RESMI" FIH believe that the stocks of companies of the construction sector and building materials in the U.S. in the near future will show a positive trend of quotations against the need to restore large volumes of homes in North Carolina and several large coastal states. - The largest Russian oil company with state participation, "Rosneft" and the American energy giant "Exxon Mobil" yesterday signed an agreement on strategic cooperation. In fact, ExxonMobil has replaced Britain's BP. Earlier this year, "Rosneft" has announced an alliance with the British. The contract implies mutual exchange of shares, which would open up access to the Russian company's international projects partner. But because of constraints imposed by the shareholders agreement between BP and consortium AAR (in TNK-BP), the deal was never closed. In June, "Rosneft" has begun negotiations with other foreign oil and gas corporations. In the list were the Chinese CNPC, CNOOC and Sinopec, the U.S. ExxonMobil, India's ONGC, British Shell, Brazil's Petrobras. The deal does not provide an exchange of shares, as the contract with BP, but the scale of cooperation is much broader than that provided for an agreement with the British. "Rosneft" will consider the possibility of acquiring a stake in a number of exploration projects and operating ExxonMobil in North America, including offshore fields in the Gulf of Mexico fields with hard-to-oil reserves in Texas (USA), Canada, and projects in other countries. "Exxon Mobil", in turn, be able to participate in the work of the Russian shelf - seabed with enormous natural resources, development of which requires significant investment. Thus, investment in the development of Russian shelf can range from $ 200 to $ 300 billion, not including costs for equipping the territory, infrastructure and construction of necessary facilities. Against this background, the amount could reach $ 500 billion alliance involves working at three licensed areas of the Arctic shelf - East Prinovozemelskih 1, 2, 3 (resources are estimated at 49.7 million tons of oil, 1.8 trillion cubical meters of gas and 49 million tons of condensate) in the Kara Sea and the license block Tuapse on the Black Sea. The share of American companies in each of them will be about 33%. To finance exploration work will be allocated up to $ 3.2 billion. Analysts of "RESMI" believe that this transaction will positively affect the earnings of both companies in the long run. Analysts of FIH "RESMI" recommend buying shares of the company "Exxon Mobil" in view of the projected increase its profits, as well as the growth of energy prices. Analysts of "RESMI" FIH give the following advice for investors in securities of issuers in Kazakhstan: ------------------------------------------------ Last. Prognozed. Up/down from Issuer price price* current price ---------------- ------ ---------- ------------- Kazkommertzbank 294 On review On review Halyk bank 247 On review On review BankCenterCredit 405 On review On review EP KMG 13,750 On review On review Kazakhtelecom 17,100 On review On review ------------------------------------------------ * Fundamental assessment of "RESMI" as of the end of the year The given material has exclusively information character and is not the offer or recommendation to make any transactions with the stocks. Agency Irbis doesn't take responsibility for the opinions which are in given material [2011-08-31]