Review of key events and forecasts from ASYL INVEST JCS (Kazakhstan) analysts for November 22, 2011

/IRBIS, November 22, 2011/ - ASYL INVEST JCS (Almaty) provided IRBIS with the review of main events and its investment ideas and forecasts for November 22, 2011. Analysts of ASYL INVEST JCS note the following tendencies on Kazakhstani and world markets: - Trading in Asia today is in a moderately negative territory. Japanese Nikkei today is reduced by 0.3%, while China's Hang-Seng and Shanghai Composite lost 0.6 and 0.4% respectively. Futures on U.S. indexes are currently increasing by 0.3-0.5%. In Japan, the market decline has stopped after the yen stopped rising in price against the dollar. The market also received support after the rating agencies after the news that a special committee has not made proposals to reduce government spending, confirmed the ratings of the U.S., citing to the fact that the reduction will still be carried out in automatic way, according to previous agreements between Democrats and Republicans. - Commodity markets today show moderately positive trend. Quotes of WTI oil and Brent show an increase in the range of 0.5%. Copper in electronic trading in New York is going up by nearly 1.6%. - The euro/dollar continues to trade today in the hallway of 1.3422-1.3514. - The news background now is moderately positive for shares of mining companies in Kazakhstan, quotes of Kazakhmys, ENRC and KMGEP can play a part in today's trading losses. - Analysts of ASYL INVEST recommend to "buy" on the Halyk Bank common stocks, which received good support at around 200 tenge. 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. - 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. [2011-11-22]