Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for September 24, 2010

/IRBIS, September 24, 2010/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for September 24, 2010. Analysts of IFH RESMI are paying attention to investors on the following important events in the markets now: - Blackstone Group LP helps to avoid bankruptcy. Blackstone Group LP, the world's largest private equity firm, agreed to invest $ 500 million in the U.S. REIT, General Growth Properties, as his plan to reorganize the bankrupt. General Growth Properties is currently awaiting approval of the court on the feasibility of such a plan. - Jordan bought the wheat from Germany and South America. As expected, Jordan bought the wheat is not in Kazakhstan. According to the results of the tender on September 22, the Ministry of Trade and Industry of Jordan has purchased 200 thousand tons of milling wheat on the basis of C&F. In particular, government importer Jordan with delivery in December has contracted to import two shipments of wheat of 50 tons, the company Cargill (most likely South American origin). Product price was $352 per ton. In addition, as part of the deal were also purchased two equivalent batch of wheat from Germany at the companies Dominion Grain and Louis Dreyfus. Cost of purchases of $350-$352 per tone. Delivery of production scheduled for the first half of January. Originally planned to tender to procure only 100 thousand tons of wheat. However, given the possible increase of the grain in the near future, the Jordanian authorities decided to purchase more goods. Analysts of IFH RESMI give the following advice for investors in securities of issuers in Kazakhstan: -------------------------------------------------------------------------- Issuer Last price Predicted price* Up/down from Target RSI. Current price price** %*** ------------------ ---------- ---------------- ------------- ------- ----- Kazkommertsbak 415 796 91.8% 385 54.58 Halyk bank 315 409 29.8% 353 51.53 Bank Center Credit 527 1,218 131.1% 869 44.70 RD KMG 15,400 24,895 61.7% 23,286 36.48 Kazkhtelekom 15,000 33,842 125.6% 33,524 66.78 -------------------------------------------------------------------------- Fundamental evaluation IFH RESMI for 12 months (weekly review) ** Target according to the consensus forecast of analysts surveyed by Bloomberg *** Relative strength index - an indicator of technical analysis. determines strength of trend and likelihood of change. Overbought / oversold - when RSI indicator value is closer to 100% / 0%. - Cost of common shares Kazkommertsbank assessment IFD "RESMI" will cost no less than KZT796 per share by the end of 2010; - Halyk Savings Bank of Kazakhstan is estimated IFD "RESMI" as the most promising in terms of business development financial institution in Kazakhstan. Analysts see the growth of the bank's shares up to KZT409 per share; - Shares of Bank CenterCredit in the long term analysts IFD "RESMI" about the outlook for growth in securities of the bank to the level of 1.230 m.; - Stocks of Kazakhtelecom are looking most attractive for investment in the long term. Analysts IFD "RESMI" recommend buying simple shareholders of the issuer. - The updated target price of shares of JSC Exploration Production KMG is KZT24.895 per share. 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. [2010-09-24]