Review of key events and forecasts from ASYL INVEST JCS (Kazakhstan) analysts for November 18, 2011

/IRBIS, November 18, 2011/ - ASYL INVEST JCS (Almaty) provided IRBIS with the review of main events and its investment ideas and forecasts for November 18, 2011. Analysts of ASYL INVEST JCS note the following tendencies on Kazakhstani and world markets: - Trading in Asia today reflects investors' concerns about the spread of the debt crisis in Europe, after Spain and France unsuccessfully placed the bonds on Thursday. Japan's Nikkei today is reduced to 1.2%, while China's Hang-Seng and Shanghai Composite lost more than 1.4%. Futures on U.S. indices today continue to decline, but on very weak pace. - Commodity markets today show restrained dynamics. Quotes of WTI oil and Brent are at close of the previous trading day. Copper in electronic trading in New York City is growing rapidly weaker, gold loses only 0.1% of the value. - The euro/dollar today has also not seriously advanced, trading at around 1.347. - News background today is negative for the shares of mining companies in Kazakhstan, quotes of Kazakhmys, ENRC and EP KMG may show marked decline after the collapse of the U.S. market and the uncertain dynamics of commodity markets. - Analysts of "Asyl INVEST" recommend to "buy" on the Halyk Bank common stock, received good support at around 200 tenge. At current price levels, 219 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. - Analysts of ASYL INVEST recommend investors to "buy" preferred shares of Kazakhtelecom. As previously mentioned stocks have high growth potential 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. 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. [2011-11-18]