Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for October 5, 2010

/IRBIS, October 5, 2010/ -BTA Bank JSC subsidiary BTA Securities (BTA Securities, Almaty) has provided IRBIS with a survey of main events, Forecasts and Investment ideas for October 5, 2010. According to the report, analysts note that the premarket on world markets is composed as follows: - Today, the Asian trading session develops a neutral news background. Major indexes in the region are reduced by weak pace under pressure speculation that rising inflation in Australia may force regulators to raise rates. - Commodity market today lost heart after the price of oil and metals yesterday stabilized at the maximum elevation the last 2 years. Prices for oil and industrial metals down today at a moderate pace. - The main idea to reduce the prices of raw materials is falling euro. The euro/dollar in the Asian session is reduced within 0.3%, maintaining the trend of the previous day on speculation that European banks will face difficulties in raising capital. In the European session, the course may locally strengthen on expected positive data Euro zone retail sales. Statistics of U.S. business activity in the services sector can also support a course in the event of positive numbers. - The European market is today in the morning, probably will show a moderate decrease. - The U.S. market will start trading from scratch; its dynamics will be determined by the market's reaction to macro statistics. Also important will be the forecasts of analysts with respect to results for the 3 quarter of 2010. October 7 offers corporate reporting season with the publication of aluminum producer Alcoa. 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 8.6 10.5 Buy +22 HALYK BANK KASE 307.0 377.5 Buy +23 HALYK BANK -PREF (HSBKP) KASE 185.2 189.0 Hold +2 HALYK BANK -PREF1 (HSBKP1) KASE 175.0 189.0 Hold +8 BANK CENTER CREDIT KASE 540.0 1,531.0 Buy +184 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 17.6 n/a Review n/a KAZKMUNAIGAZ KASE 15,900.0 n/a Review n/a BMB MUNAI AMEX 0.58 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,423.0 1,427.0 Hold 0 ENRC LSE 914.5 1,216.0 Buy +33 KAZAKHGOLD-GDR LSE 4.0 7.0 Buy +77 URANIUM ONE LSE 3.5 3.3 Hold -6 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 15,511.0 22,825.0 Buy +118 STEPPE CEMENT LSE 46.5 120.9 Buy +160 -------------------------------------------------------------------------- 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. [2010-10-05]