Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for February 8, 2011

/IRBIS, February 8, 2011/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for February 8, 2011. Analysts of IFH RESMI give attention to the following to the important events in the markets: - As a result of trades on Kazakhstan Stock Exchange on Feb. 7, 2011 KASE index rose to the level of 1910.6 points, higher than on Monday at 0.82%. Shares of the banking sector are mainly traded with positive changes. Thus, Halyk Bank became the market movers and went up by 3.6%, KKB securities rose by 2.6% to 585 KZT per share. Paper CenterCredit Bank had little volatility and dropped in price by 0.2% to reach 658 tenge per share. Shares of metallurgical sector have continued to fall. ENRC Plc lost in the price of 2.2%, Kazakhmys did not enjoy popularity among investors has not changed in price. Paper KazakhTelecom showed an increase in the trading session at 1.8%. KMG Exploration and Production continues to fall, the change in price was -0.1%. - Trading on U.S. stock exchanges closed down the growth the major indexes. Impact on the markets have provided, mostly corporate news, as well as posted on Friday, good stats, the U.S. labor market. The best dynamics in the auction on Monday was led by the banking sector. KBW bank index trade results added to 1.4%. Total on the NYSE on Monday, has been bought and sold 879.63 million shares. Thus, the Dow Jones index rose by 0.57%, amounted to 12 161.63 points, Nasdaq climbed 0.53%, reaching 783.99 points 2. Trading on the stock exchanges in Europe on Monday and ended the growth of the major stock indexes. Impact on the market has provided published statistics on an index of investor confidence from Sentix in February. The index of investor confidence from Sentix in February rose to 16.7 points - its highest level for the past three years. Statistics as in industrial orders in Germany in December had been ignored markets. Industrial orders in Germany in December fell by 3.4% compared with November. Following the auction on February 7 2011. Britain's FTSE 100 index rose 53.65 points (0.89%) - to 6051.03 points, the German DAX - on 67.41 points (0.93%) - to 7283.62 points. - Trading in precious metals on Feb. 7 in the mostly closed on a positive note. Silver continues to grow, increasing by 1.58%. Platinum and palladium showed a small positive volatility 0.41% and 0.63% respectively. Only gold slightly cheaper at 0.07%. Basic metals also showed a trend to higher prices. Thus, nickel rose in price by 2.24%, the price change for the last 5 days were 6.02%. Copper also rose in price by 1.59% at yesterday's session. Oil prices show a price correction, falling to 1.74% in the mark WTI Cushing, -0.51% Brent, - 0.59% URALS. Markets plant material showed mostly small volatility, except cotton, which soared in price by 3.96%, due to reports that the sentence be reduced by more than expected, while demand continues to grow. 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 585 On Review 397 78.39 Halyk bank 435 519 19.3% 470 76.87 Bank Center Credit 658 On Review 1,007 64.29 RD KMG 19,200 On Review 23,682 59.18 Kazkhtelekom 20,000 On Review 24,587 75.48 -------------------------------------------------------------------------- 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. [2011-02-08]