Forecasts and recommendations of analysts of IFH "RESMI" (Kazakhstan) for November 30, 2009

/IRBIS, November 30, 09/ - Finance and Investment House "RESMI" has provided IRBIS with a survey of main events, Forecasts and Investment ideas for November 30, 2009. Analysts now paying attention to the following investors' significant events: - Halyk Bank will announce financial results for the third quarter of 2009. Today the Conference Call will also be held for investors on the announcement of financial results for the third quarter of 2009. Analysts IFD "RESMI" expect third-quarter net profit of KTZ 6.2-6.7 bn., which combined for 9 months of this year will be KTZ 10,5 bn.- 11 bn., which is less than the corresponding period last year (KTZ 18.097 bn.). Thus, the current P / E will be 67, which is a still point to the fact that the bank's shares overvalued. In this connection, we recommend you sell shares and record profits at current levels - National holding KazAgro announced its plans to place bonds on the domestic market worth of KTZ 37 bn. According to the head of the holding Mr. A. Mamytbekov, it is necessary for the purchase of 2 million tons of grain from the Food Contract Corporation. Conditions of release and timing of messages was not. Potential issuers is the government that combines a number of companies in the agriculture of the country, analysts IFD "RESMI" are encouraged to participate in the purchase of bonds placed with yield 12-13%, which is normally at the current level of inflation (5.8% in October 2009 to the corresponding period last year). - Event of default on obligations of KAZAKHGOLD. According to an official statement, KazakhGold Group Limited (LSE: KZG) reported the occurrence of cases of default on its Eurobonds in 2013 for a total repayment of $ 200m. In connection with the change in the company topmenedzhmenta, Kazakhgold it was decided not to publish interim financial statements for the six months, which was the basis for a representative of the bondholders ( "Trust") to notify Kazakhgold occurrence of the violation and the case of default. This means that the bondholders have the right, by a vote (by filing a written application to the custodian Trust) through the Trust required to pay the full amount of the nominal value and the accumulated coupon bond data. This can happen only if be typed more than 25% of the total value. This event could perhaps also lead to cross-defaults on other obligations Kazakhgold. These bonds are traded at levels of 99-101 (bid-askcleanprice). Analysts of IFH "RESMI" give the following advice for investors in securities of issuers in Kazakhstan: -------------------------------------------------------------------------- Last price Predicted price* Up/down from Target RSI, Эмитент Current price price** %*** ------------------ ---------- ---------------- ------------- ------- ----- Kazkommertsbak 660 611 -7 % 869 59.95 Halyk bank 322 On review 907 55,69 Bank Center Credit 913 1,211 +34 % 846 85.83 ENRC 2,144 On review 2,487 50,24 Kazakhmys 3,200 On review 3,229 58,43 RD KMG 21,700 On review 29,178 50,32 Kazkhtelekom 18,700 33,842 +81 % 22,095 45.51 -------------------------------------------------------------------------- * 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% 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. [2009-11-30]