Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for October 26, 2010

/IRBIS, October 26, 2010/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for October 26, 2010. Analysts of IFH RESMI give attention to the following to the important events in the markets: - The index of iron ore had fallen below $150 per tone due to falling demand for iron ore to Chinese steel companies because of falling demand for steel in China. Current demand for steel in China will not allow the Chinese steel companies to increase product prices in November and December, despite the fact that the price of iron ore rose from $160 to $162 per tone on Tuesday. Analysts of IFD "RESMI" expect that prices for iron ore would go down to a comfortable level for Chinese steelmakers to $ 150 per ton. Also, analysts of IFD "RESMI" believe that should refrain during this period of investment in iron and steel companies. - Hewlett-Packard Company has released tablet Slate 500. On Friday, Hewlett-Packard introduced the HP Slate tablet 500. First and foremost, it is aimed at business users who need to be mobile and at the same time productive. Weighing only 680 grams novelty is one of the lightest tablets on the market. 8.9-inch display with capacitive multisensory panel allows users to easily work with the tablet finger tips. To compare the size of the screen iPad is 9.7 inches. In addition, using software and digital pen Evernote HP Slate Digital Pen is a possibility of handwritten text input. One of the distinguishing characteristics of the HP Slate 500 from iPad is the presence of cameras. Built-in front webcam with VGA resolution allows you to participate in video conferences and make video calls, and 3- megapixel camera on the back side of the hull can be used for shooting photos and video. Among other technical features are also aware of the presence of 1.86-GHz Intel Atom Z540, 2 GB RAM, 64 GB SSD-drive accelerator Broadcom Crystal HD to work with Full HD-video (supplied docking station is equipped with HDMI port, through which you can connect the large high resolution display). The tablet runs on an operating system, Windows 7. Starting price Slate 500 is $ 799, which is available on its website. The company plans to begin shipping in mid-November. Analysts IFD "RESMI" believe, despite stiff competition from manufacturers of tablets such as Apple, Research in Motion, Samsung, etc., Hewlett-Packard will take its place and this new company will bring additional income into the future. Given a stable financial situation of the company and it's undervalued, IFD "RESMI" recommends buying shares of HP and see the target price at $ 44-46 per share before the end of this year. 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 426 796 86.9% 385 52.07 Halyk bank 330 409 23.9% 276 56.48 Bank Center Credit 601 1,218 102.7% 1,039 59.52 RD KMG 15,700 24,895 58.6% 23,565 41.83 Kazkhtelekom 15,760 33,842 114.7% 29,682 58.52 -------------------------------------------------------------------------- * 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. [2010-10-26]