Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for October 4, 2010

/IRBIS, October 4, 2010/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for October 4, 2010. Analysts of IFH RESMI are paying attention to investors on the following important events in the markets now: - SinoPec willing to pay a premium for ultra-high oil assets in Brazil. Sinopec group, the largest Chinese oil company, paid $ 7.1 billion for 40% of Repsol YPF SA, the Madrid branch Repsol, located in Brazil. The Brazilian unit Repsol has a mine in the same region, and the Brazilian Petrobras, and reserves of the deposit are approximately equal to 1.2 billion barrels. The share of Sinopec has 480 million barrels (40%), the transaction was $ 14.8 on the level of the barrel. This figure is over bonus for Brazilian assets, and 76% of the recent record of asset valuation of $ 8.5 per barrel set by Petrobras issued the shares for $ 42.5 billion in exchange for a deposit, which reserves are 5 billion barrels. Chinese companies spent more than $ 32 billion this year on the purchase of energy and mineral resources in the year. It is obvious that China wants to ensure its energy security and access to mineral resources, to continue to grow its economy. Analysts of IFD "RESMI" believe that with the gradual depletion of oil and other raw materials deposits, transactions for purchase/sale of assets will take place at a higher cost, and as shown by Sinopec, buyers are willing to pay high and ultra-high premium for access to assets. 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 440 796 80.9% 385 61.64 Halyk bank 307 409 33.2% 353 47.39 Bank Center Credit 549 1,218 121.9% 869 57.12 RD KMG 15,900 24,895 56.6% 23,582 45.42 Kazkhtelekom 15,500 33,842 118.3% 29,682 76.89 -------------------------------------------------------------------------- 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. [2010-10-04]