Review of key events and forecasts from ASYL INVEST JCS (Kazakhstan) analysts for November 11, 2011

/IRBIS, November 11, 2011/ - ASYL INVEST JCS (Almaty) provided IRBIS with the review of main events and its investment ideas and forecasts for November 11, 2011. Analysts of ASYL INVEST JCS note the following tendencies on Kazakhstani and world markets: - Asian indices are growing today after sharp fall on the previous day on concerns around the euro area. Today, incentives for growth are positive U.S. data on unemployment showed a reduction in the number of initial claims for unemployment benefits up to a seven-month low, as well as the decrease in the yield of Italian bonds. Investors today are also hoping that the Italian Senate vote in favor of new measures to reduce the budget deficit, which will create the conditions for forming a new government, led by Mario Monti. Japan's Nikkei drops today at 0.4%, while China's Hang-Seng and Shanghai Composite are rising by 1.1 and 0.6% respectively. Futures on U.S. indices today added within 1%. Today, U.S. statistics on the index of consumer confidence may show the growth of sentiment for the third consecutive month, according to forecasts of economists surveyed. - Commodity markets today show general upward trend. Quotes of WTI oil and Brent are rising within 0.5%. Copper in electronic trading in New York adds nearly 1%, gold is growing at 0.5%. - The euro / dollar today is growing at a moderate pace, trading at around 1.362. - The news background now moderately positive for shares of mining companies in Kazakhstan, quotes of Kazakhmys, ENRC and KMG EP may show a marked increase. - Today, analysts of ASYL INVEST again recommend that investors pay attention to any idea, do not depend on external markets, in particular, the preferred shares of Kazakhtelecom. As noted earlier, the preferred shares of Kazakhtelecom have high potential for growth after the company announced the sale of its 49% stake in mobile operator LLC "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 Halyk Bank, receiving good support at around 200 tenge. At current price levels of 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. [2011-11-11]