Forecast and recommendations of BTA Securities (Kazakhstan) analysts on July 14, 2009

/IRBIS July 14, 2009/ - BTA Securities Subsidiary of BTA Bank (Almaty, BTA Securities) provided its main survey of events and investment ideas and forecast to IRBIS on June 14, 2009. According to the report, the company analysts expect: - investors' attention will be on the results of large companies (Goldman Sachs Group, Intel Corp, Johnson and Johnson), published its reports. In addition, the macroeconomic data in the USA will influence the stock markets. Today, analysts of BTA Securities expect an increase of major indices in Europe and the United States because of positive macroeconomic news. Analysts expect a positive corporate reportin. Futures dynamics shows a positive dynamic of European indices today. Technical analysis did not give clear signals. - KASE index will be positive because of positive dynamic on global financial markets and main stock indices. - news about debts restructuring of Alliance Bank JSC give an opportunity for further improvement in the sector. Currently, analysts recommend buying the shares of Halyk Savings Bank of Kazakhstan JSC because of strong fundamental characteristics and the best growth prospects. Currently, the shares and GDR of the Bank have a potential growth by more than 40 %. The equity instruments of Kazkommertsbank JSC overvalued on current levels, so it is possible shares downtrend. The recommendations on shares of Bank CenterCredit JSC are on revision. - growth of oil price because of positive on the American economy will positively influence the shares of KazMunaiGaz EP JSC in London. - within the next time a positive mood continue supporting the commodity markets, and anticipated positive macroeconomic data will lead to increase of prices on industrial metals. It is possible that it will influence the shares of national metallurgic companies, in particular - Kazakhmys and ENRC. - July 14, it is expected strengthening of the US dollar on positive retail in the USA. [2009-07-14]