Review of key events and forecasts from ASYL INVEST JCS (Kazakhstan) analysts for October 27, 2011

/IRBIS, October 27, 2011/ - ASYL INVEST JCS (Almaty) provided IRBIS with the review of main events and its investment ideas and forecasts for October 27, 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 positive. The U.S. market was closed yesterday with a significant increase in the major indexes after reports that China could support Europe in its measures to overcome the crisis and is ready to consider any option help. Asian indexes are currently increasing after the main results of yesterday's meeting of the EU summit in Brussels. Following the meeting, agreement was reached with the banks in Europe to write off 50% of Greek debt, the recapitalization of the banking sector in the region, as well as increasing the stabilization fund, the euro zone, whose size, according to President Sarkozy of France may reach 1.0 trillion. Euro. In addition, the signals from the leaders of the EU, the ECB may continue to buy government bonds of countries of concern. Japan's Nikkei is growing by 1.6%, Hang-Seng - 1.7% and Shanghai Composite - 0.4%. In support of the Chinese market also now appears speculation that the slowdown in inflation in the country will help to reduce the pace of monetary tightening. In addition, today reported successful Chinese banks. Futures on major U.S. indices today added 0.9%. To report at this time, U.S. companies in the vast majority have done better than forecasts. - Tonight, the U.S. will be published the U.S. data on GDP for the third quarter. Economists expect faster growth in comparison with the previous quarter, which is also a driver for growth in the market today. - Commodity markets are currently increasing. Quotes of WTI oil and Brent added more than 1.5%. Copper, one of the main indicators of economic optimism is growing in electronic trading in New York at 1.55% on positive news from the U.S., Europe and China. Gold today is adjusted by 0.3% after four days of growth. The euro/dollar today soared by 1.1% on the positive to the EU summit. - The news background today is positive for stocks of mining companies in Kazakhstan, quotes of Kazakhmys, ENRC and KMG EP today continue to rise, it is possible the opening of trading on them with a gap up. Shares of the banking sector on the positive in Europe should grow in value. - Analysts of "ASYL INVEST" continue to recommend to "buy" on Halyk Bank common shares, as they believe that at current price levels, 210 tenge per share, they look extremely attractive. In fact, stocks are estimated at a book value that is not reasonable for the Bank, which has high growth prospects of net income and return on equity (ROE) due to higher net interest margins, reduce costs to the formation of provisions, effective control of operating expenses, the presence of significant levels of liquidity and low debt burden. - Simple and preferred shares of Kazakhtelecom have high potential for growth after the company announced the sale of its 49% stake in mobile operator LLP "GSMKazakhstan". Selling shares at a far higher price than it is recorded on the balance sheet, positive impact on the company's net profit in 2012 and is likely to give shareholders greater dividends in 2012 and significant increase book value of common shares. 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. [2011-10-27]