Review of key events and forecasts from ASYL INVEST JCS (Kazakhstan) analysts for January 17, 2012

/IRBIS, January 17, 2012/ - ASYL INVEST JCS (Almaty) provided IRBIS with the review of main events and its investment ideas and forecasts for January 17, 2012. Analysts of ASYL INVEST JCS note the following tendencies on Kazakhstani and world markets: - The Asian markets today are growing on significant pace after France successfully placed its bonds, and today China's GDP data for Q4 2011 showed economic slowdown by 8.9%, fueling speculation that the government will soften monetary policy. Chinese indices Hang-Seng and Shanghai Composite now grow on average by 2%, Nikkei adds 1%, while the Australian market - more than 1.5%. Futures on U.S. indices are now growing within 0.5%. - Commodity markets today show moderate trend. WTI oil quotation today added 1% while the European Brent crude is rising by 0.4%. Copper traded in Shanghai and New York shows substantial growth, adding 1.8 and 2.6% respectively. Gold in the Asian session is gaining 1%. - The euro/dollar today is growing at 0.4% after successful placement of bonds in France. - Today, investors will be focused on the macroeconomic and corporate news. Today, Wells Fargo and Citigroup economical reports may show increased confidence among investors in Germany and the business district in New York. - The news background today is positive for stocks of mining companies in Kazakhstan. "Asyl INVEST" recommends to "buy" shares of Kazakhmys and EP KMG. Our target price on shares of Kazakhmys is 16.9 British pounds, shares of KMG EP - 20,254 KZT. - Analysts of "Asyl INVEST" offer a strong conservation of the dynamics of quotations of ordinary and preferred shares of Kazakhtelecom in the short term after a specific time frame and amount of the sale of shares in mobile operator "GSM Kazakhstan". Stocks have high growth potential, as selling shares at a far higher price than it is recorded on the balance sheet, positive impact on its net profit in 2012 and is likely to give shareholders greater dividends for 2012. In addition, the "Asyl INVEST" expect, that a significant portion of the profits from the sale are capitalized and greatly increase the book value of common shares of Kazakhtelecom. In view of the last message in the transaction "Asyl Invest" has set the minimum range of fair prices for preferred shares of Kazakhtelecom at around 18,100 tenge. Target price of "Asyl Invest" for the Company's common shares - 38,477 KZT based on the projected book value of equity at the end of 2012, and estimates the market method. - Analysts "Asyl Invest" also recommended "buy" the People's Bank common stock, received good support at around 200 tenge. At current price levels, 198.5 tenge per share, they look extremely attractive. Leading credit rating agency S & P in December raised the long-term credit ratings of the bank by two grades to 'BB' from 'B +', while maintaining its outlook on "stable". Rating actions confirm the view of the "Asyl Invest" to the issuer as a financially secure, given the leading market position, low debt burden, high levels of capitalization and liquidity, as well as high ability to generate profits. Target price of "Asyl Invest" on the shares of the bank is 474 tenge. 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. [2012-01-17]