Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for September 24, 2010

/IRBIS, September 24, 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 24, 2010. According to the report, analysts note that the premarket on world markets is composed as follows: - Yesterday's negative macro statistics on the U.S. labor market re- makes of Asian investors to revise their expectations for speed and stability of the global economic recovery. Japanese public companies- exporters until their record growth of quotations on the weakening yen. - Raw materials can now demonstrate multidirectional dynamics: oil quotes yet traded in the red on a background of negative macroeconomic data from the U.S., particularly on unemployment, while the metals today are the chances of continued growth if outputs macro statistics on durable goods and housing sales in the primary market at the level of expectations. - The euro currently consolidating their positions in order during the day, at least partially play yesterday his unsuccessful results. To date, it appreciated against the U.S. dollar by 0.18%. - On Friday September 24 will show moderate growth in the euro against the background of neutral data on orders for durable goods the United States. British Pound could be slightly weakened. - The current situation is likely to suggest that a series of falling stock market will be continued. Adjustments in the views of investors on the Western stock markets could be made if macro statistics, which is scheduled for today, will surpass the modest expectations of economists. 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 +69 KAZKOMMERTSBANK KASE 415.0 728.3 Buy +75 KAZKOMMERTSBANK -PREF KASE 220.0 388.5 Buy +77 HALYK BANK-GDR LSE 8.4 10.5 Buy +26 HALYK BANK KASE 315.0 377.5 Buy +20 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 527.0 1,531.0 Buy +191 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 17.3 30.1 Buy +74 KAZKMUNAIGAZ KASE 15,400.0 27,108.0 Buy +76 BMB MUNAI AMEX 0.61 2.54 Buy +316 -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,428.0 1,427.0 Hold 0 ENRC LSE 897.5 1,216.0 Buy +35 KAZAKHGOLD-GDR LSE 3.7 7.0 Buy +90 URANIUM ONE LSE 3.2 3.3 Hold +2 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 15,000.0 22,825.0 Buy +126 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. [2010-09-24]