Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for September 23, 2010

/IRBIS, September 23, 2010/ -BTA Bank JSC subsidiary BTA Securities (BTA Securities, Almaty) has provided IRBIS with a survey of main events, Forecasts and Investment ideas for September 23, 2010. According to the report, analysts note that the premarket on world markets is composed as follows: - Yesterday's growth of quotations of metals in the western markets and the weakening U.S. currency at this time have a strong supporting effects on the movement of share prices of the commodity sector at auction in Australia. However, in the course of the day trades in the western hemisphere have a chance to start in negative territory on a background of weak dynamics of the financial and consumer sectors. - Today, most of all, commodities are traded in the red zone against a background of technical downward correction among metals, and the absence of a positive external background for oil futures. - U.S. dollar in morning trading while partially rehabilitated, with a growth towards a single European currency. Euro at the moment sank against the dollar at 0.11%. - On Thursday, September 23 euro will not be able to show the explicit strengthening against the dollar, despite the expected improvement of data on the secondary real estate market the U.S. compared to the July report. The British pound strengthened on the growth of the British mortgage. - From a technical point of view, the picture of yesterday remains. S&P500, which started yesterday, going down from the top of the uplink, today, is likely to retain its direction of motion. Analysts of BTA Securities give the following advice for investors in securities of issuers in Kazakhstan: -------------------------------------------------------------------------- Stock Final Target price Recom Potential Emitter Exch price 2010 year mendation % percent ange -------------------------- ----- -------- ------------ --------- --------- Banks -------------------------------------------------------------------------- KAZKOMMERTSBANK-GDR LSE 5.8 9.8 Buy +70 KAZKOMMERTSBANK KASE 395.0 728.3 Buy +84 KAZKOMMERTSBANK -PREF KASE 200.0 388.5 Buy +94 HALYK BANK-GDR LSE 8.3 10.5 Buy +26 HALYK BANK KASE 310.0 377.5 Buy +22 HALYK BANK -PREF (HSBKP) KASE 185.2 189.0 Hold +2 HALYK BANK -PREF1 (HSBKP1) KASE 171.0 189.0 Hold +10 BANK CENTER CREDIT KASE 535.0 1,531.0 Buy +186 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 17.4 30.1 Buy +73 KAZKMUNAIGAZ KASE 15,700.0 27,108.0 Buy +73 BMB MUNAI AMEX 0.61 2.54 Buy +316 -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,441.0 1,427.0 Hold -1 ENRC LSE 899.0 1,216.0 Buy +35 KAZAKHGOLD-GDR LSE 3.8 7.0 Buy +88 URANIUM ONE LSE 3.2 3.3 Hold +3 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 14,900.0 22,825.0 Buy +127 STEPPE CEMENT LSE 48.0 120.9 Buy +152 -------------------------------------------------------------------------- The given material has exclusively information character and is not the offer or recommendation to make any transactions with the stocks. Agency Irbis doesn't take responsibility for the opinions which are in given material. [2010-09-23]