Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for March 10, 2011

/IRBIS, March 10, 2011/ - JSC BTA Bank's Subsidiary organization BTA Securities (BTA Securities, Almaty) has provided IRBIS with a survey of main events, Forecasts and Investment ideas for March 10, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - For the domestic market of the negative news background. Analysts of BTA Securities expect lower stock prices of domestic steelmakers in response to a decline in metals prices. Shares of RD KMG have a chance to remain "bullish" idea in a falling market thanks to high oil prices. - Asian indexes today are reduced in response to continuing violence in Libya, threatening disruption in oil supplies and the spread of attitudes in other countries in Africa and the Middle East, and weak data on Japan's GDP. In the fourth quarter of 2010, Japan's economy declined by 1.3% against 1.1% on the initial estimates. Economists had expected a reduction in GDP by 1.2%. Nikkei index now falls to 1.2%, Hang-Seng - by 0.6%, and Shanghai - on 1.0%. - Today, the euro/dollar declines by 0.13% and traded at 1.3891. Asian investors sold European currency under the influence of the negative results of the last Portuguese auction. CDS spreads away from the Euro zone countries continue to grow and yield on debt securities are at record levels. During the day in Europe, go on foreign trade of Germany and the ECB's monthly report, and in the U.S. published the statistics on the labor market, where according to the experts is expected to increase the number of initial claims for unemployment benefits to 8 thousand more, are expected to increase the trade deficit U.S. economy, which could adversely affect the dollar. - Commodity market shows multidirectional dynamics. Yesterday's sentiments on the oil market persist and lead to further increases in oil prices. According to some reports, the leader of Libya, Muammar Gaddafi, strikes on oil facilities of the country. Brent now going up at a moderate pace, at 0.3%. Some pressure on the quotes provided data on U.S. inventories of crude oil and petroleum products. Last week, crude oil inventories at Cushing rose by 1.69 million barrels to 40.3 million barrels, its highest level since the start of the regular collection of data on storage. Overall, U.S. stocks rose 2.5 million barrels. Exceeding the forecast of the market. Copper delivery in 3 months falling in price by 2.7% in Shanghai as a result of rising oil prices, looming slowdown in the global economy and demand for the red metal." - On Thursday, trading in the U.S. and Europe will be under pressure from speculation that the tensions in the Middle East and Africa can break the global economic recovery and sustain growth of inflationary expectations. The stock prices of mining companies, in particular, steel, show a negative trend 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 7.7 n/a Review n/a KAZKOMMERTSBANK KASE 550.0 n/a Review n/a KAZKOMMERTSBANK -PREF KASE - n/a Review n/a HALYK BANK-GDR LSE 10.3 n/a Review n/a HALYK BANK KASE 385.0 n/a Review n/a HALYK BANK -PREF (HSBKP) KASE - n/a Review n/a HALYK BANK -PREF1 (HSBKP1) KASE - n/a Review n/a BANK CENTER CREDIT KASE 620.0 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 24.1 22.7 Sell -6 KAZKMUNAIGAZ KASE 21,000.0 20,062.0 Sell -4 BMB MUNAI AMEX 1.03 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,380.0 1,427.0 Hold +3 ENRC LSE 938.5 1,216.0 Buy +30 KAZAKHGOLD-GDR LSE 3.0 n/a Review n/a URANIUM ONE LSE 6.0 3.3 Sell -45 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 19,500.0 33,825.0 Buy +73 STEPPE CEMENT LSE 48.0 n/a Review n/a -------------------------------------------------------------------------- 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. [2011-03-10]