Review of key events and forecasts from ASYL INVEST JCS (Kazakhstan) analysts for November 7, 2011

/IRBIS, November 7, 2011/ - ASYL INVEST JCS (Almaty) provided IRBIS with the review of main events and its investment ideas and forecasts for November 7, 2011. Analysts of ASYL INVEST JCS note the following tendencies on Kazakhstani and world markets: - Asian indexes are modestly decreasing today after debt problems led to a government crisis in Italy and Greece. Silvio Berlusconi's government runs the risk of a crisis, if not to achieve approval in Parliament of a report on the budget for 2010. Berlusconi demands by the opposition to resign. Premier George Papandreou of Greece agreed to resign to allow to form a government of national unity. Japan's Nikkei today is reduced by 0.4%, while China's Hang-Seng and Shanghai Composite lost weight within 0.3%. Futures on U.S. indices today remain without any changes. Today, no meaningful statistics will be published in the U.S., the euro area will leave the relevant data on retail sales. Corporate reporting season continues. - Commodity markets today show moderately positive trend. Quotes of WTI oil and Brent are rising within 1%, but the American Oil sees strong resistance at $ 95 per barrel, therefore more significant progress is unlikely. Copper in electronic trading in New York dropped by 0.3%, gold is adjusted above previous day's close of 0.9%. - The euro/dollar today is in moderately negative territory. The course is losing 0.15% of the pressure of news from Greece and Italy. - The news background is neutral for the stock quotes of mining companies in Kazakhstan, quotes of Kazakhmys, ENRC and KMG EP can show the dynamics of low-key, but not the current levels and uncertainty in foreign markets are to reduce the risks. - Today, analysts of "ASYL INVEST" again recommend that investors pay attention to any ideas do not depend on external markets, in particular, the preferred shares of Kazakhtelecom. As previously mentioned, preferred shares of Kazakhtelecom have a high potential for growth after the company announced the sale of its 49% stake in mobile operator LLP "GSM Kazakhstan". Selling shares at a much higher price (of mobile communications sector, even in the current situation is estimated at more than 9 annual profits) than it is recorded on the balance sheet, positive impact on its net profit in 2012 and is likely to give big dividends to shareholders up to 2012. - Analysts of "ASYL INVEST" also recommend to buy common shares of National Bank, receiving good support at around 200 tenge. At current price levels, 212 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. 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. [2011-11-07]