Forecasts and recommendations of analysts of IFH "RESMI" (Kazakhstan) for December 9, 2009

/IRBIS, December 9, 09/ - Finance and Investment House "RESMI" has provided IRBIS with a survey of main events, Forecasts and Investment ideas for December 9, 2009. Analysts now paying attention to the following investors' significant events: Industrial production: everything goes according to plan. According to data published by the Agency of the Republic of Kazakhstan on statistics, industrial production rose by 0.7%. Nearly all the individual types of products saw an increase, except for the production of ferroalloys, refined copper and electricity. The volume of oil and gas condensate in Kazakhstan for 11 months of 2009 amounted to 69.9 million tons. This amount corresponds to 92% of planned volume of production in 2009 and higher than the same period last year to 8%. For 11 months the volume of gas production in the republic amounted to 83% of the planned volume of production amounting to 32.3 billion cubic meters. This amount of increase over the same period last year was 9%. Purchase of African company CAMEC by ENRC. Purchase of African company CAMEC by ENRC by 0.2 USD per share and transaction amount was $ 950 million. Central African Mining and Exploration Company (CAMEC) working in Africa and is engaged in the exploration, extraction and production of copper and cobalt. Annual revenue of the company is approximately is $ 12 million in a year. ENRC will expand its presence in the ore-rich Africa. Deal could raise prices by Chinese companies who seek to monopolize the market of cobalt. Analysts of IFH "RESMI" believe that the transaction will not affect the value of shares of ENRC, as the proposal was announced the company in September 2009. Bank CenterCredit with special issue: Time to start to grow. Some investors hesitate to bank on the background of news about the additional issue of bank shares at a price of KTZ 300, which caused sales and lower prices for these securities. Correction on BCC phenomenon was expected and we pointed out the overheated its shares. Score IFH "RESMI" issuer indicates that the prospects of growth stocks in the annual horizon is still quite large - at least to the level of KTZ 1,200 per share. 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 680 912 +34.1,% 1,096 59.87 Halyk bank 333 On review 1,118 63.78 Bank Center Credit 750 1,230 +64.0,% 878 48.45 ENRC 2,180 On review 2,564 47.11 Kazakhmys 3,200 On review 3,478 56.21 RD KMG 21,600 On review 5,011 49.32 Kazkhtelekom 19,100 33,842 +77.2,% 22,095 49.74 -------------------------------------------------------------------------- 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 ordinary shares of Kazkommertsbank assessment IFH RESMI will cost no less than KTZ 912 per share. Current levels are the same (P / E and P / BV) show the "overheated" market and in the short term correction; Shares of Bank CenterCredit after the expected correction already look attractive for investment - in the long term, analysts of IFH RESMI about the outlook for growth in bank securities to a level 1,230 m.; Shares of Kazakhtelecom look the most attractive for investment in the long term. Analysts of IFH RESMI believe that the potential for growth compared with the current price of 77.6% and recommend buying simple shareholders of the issuer. 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. [2009-12-09]