Review of key events and forecasts from ASYL INVEST JCS (Kazakhstan) analysts for October 25, 2011

/IRBIS, October 25, 2011/ - ASYL INVEST JCS (Almaty) provided IRBIS with the review of main events and its investment ideas and forecasts for October 25, 2011. Analysts of ASYL INVEST JCS note the following tendencies on Kazakhstani and world markets: - The external news background for the domestic market today is moderately positive. Asian indices today show mixed trends, the Japanese Nikkei is declining at a moderate pace, while the Chinese Hang-Seng and Shanghai Composite add 0.5 and 0.9% respectively. In China, the indexes are supported by economic optimism and expectations of a positive outcome of tomorrow's EU summit. - Commodity markets today continue to increase. Quotes of WTI oil added 0.5%, Brent was traded at yesterday's closing levels. Copper, one of the main indicators of economic optimism is growing in electronic trading in New York at 1.8% after a 6% strength recovery on Monday in Shanghai, the growth of almost 7%. Gold, coming after the mood in the markets today, gaining 0.2%. The euro/dollar still remains at levels achieved on Monday before the European summit to be held on Wednesday. - The news background today positive for stocks of mining companies in Kazakhstan, quotes of Kazakhmys, ENRC and KMG EP can continue to grow, but on more moderate pace, due to the growth of prices for oil and industrial metals. - Growth can be noted for the shares of banking sector, after the demand for paper began to grow, judging by the results of trading on Friday and Monday. - In demand today may be the shares of Kazakhtelecom, which yesterday showed strong financial results for the 3rd quarter of this year. According to the consolidated financial results, net income was 39,918 million tenge, revenues from services - 125,938 million tenge, EBITDA - 52,643 million tenge. As a result of six months net income was 29,394 million tenge, income from sales of services - 83,670 million tenge and EBITDA - 39,535 million tenge. Thus, the analysts og "Asyl Invest" see good progress in the profits and income of the company. This material has only informative character and is not the offer or recommendation to make any transactions with the stocks. Irbis Agency doesn't take responsibility for the opinions which are given in this material. [2011-10-25]