Forecasts and recommendations of analysts of BTA Sekjuritis (Kazakhstan) for January 15, 2010

/IRBIS, January 15, 09/ - Affiliated organisation of JSC BТА Bank BTA Sekjuritis (Almaty, IFH "RESMI") provided IRBIS overview of major events and their investment ideas and projections for January 15, 2010. Analysts now paying attention to the following investors' significant events: - On Friday dynamics of the share market, most likely, will be moderately positive. In favour of the further increase tell strong financial results Intel Corp. For the fourth quarter 2009, left today after closing of the auctions in the USA, and also the expected positive statistics of the USA on industrial production and an index of consumer confidence. Net profit Intel on one action has made 40 cents, having exceeded the forecast of analysts for 31 %. Besides, the company has raised the forecasts under incomes and profit on the first quarter 2010 which also have surpassed market expectations. Industrial production in the USA under forecasts of economists in December has grown on 0,6 %. The index of consumer confidence of Michigan University, probably, has reached a point in 74 points in January that above the previous value on 1,5 points. Financial results JP Morgan for the fourth quarter 2009, leaving before opening of the auctions in the USA, can appear above forecasts thanks to growth of incomes of bank from an investment direction. In the third quarter the bank profit on 1 action has exceeded the forecast for 61,4 %. Pressure upon the market will render today raw sector on expected reduction of prices on metals owing to strengthening of the American dollar. The data testifying to reduction of crediting by the Chinese banks of domestic economy, causes fears of delay of its growth that is favorable for world reserve currency. - In the Kazakhstan share market today investors can continue purchases on positive dynamics of foreign markets. Underestimated there are Kazakhtelecom actions, interest to actions of bank sector remains. Actions of the separate raw companies are kept by growth potential, therefore serious fixing of profits on them hardly will occur. - After three-week rally correction was necessary for oil quotations, and as an occasion to it this week growth of stocks of gasoline and oil of the USA and decrease in retails have served have caused prompt 4-day decrease in quotations. Analysts of "BTA Sekjuritis" consider that the bull moods of investors still remain and within the next few days quotations will renew growth. - Analysts of "BTA Sekjuritis" expect that today the dollar will continue to become stronger against euro on a news background from the USA where publications on industrial production for December and a preliminary cut of consumer moods for January on an index of University of Michigan today are expected. On them the positive is expected. Appeal of precious metals as an alternative active on this background will decrease. Industrial metals, most likely, will be closed on Friday by growth, as well as actions of Kazahmysa and ENRC. - Strengthening of dollar against a relative positive on industrial production the USA on January, 15th is expected. Also analysts of "BTA Sekjuritis" predict technical easing of English pound. Analysts of BTA Sekjuritis give the following advice for investors in securities of issuers in Kazakhstan: -------------------------------------------------------------------------- Stock Final Target price Recom Potential Emitter Exch price mendation % percent ange -------------------------- ----- -------- ------------ --------- --------- Banks -------------------------------------------------------------------------- KAZKOMMERTSBANK-GDR LSE 9.7 5.5 Sell -43 KAZKOMMERTSBANK KASE 705.0 410.0 Sell -42 KAZKOMMERTSBANK -PREF KASE 302.5 205.0 Sell -32 HALYK BANK-GDR LSE 9.7 7.9 Sell -19 HALYK BANK KASE 370.0 295.0 Sell -20 HALYK BANK -PREF (HSBKP) KASE 170.0 147.0 Hold -14 HALYK BANK -PREF1 (HSBKP1) KASE 176.3 191.0 Hold +8 BANK CENTER CREDIT KASE 806.3 618.0 Sell -23 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 26.9 30.1 Hold +12 KAZKMUNAIGAZ KASE 24 050.0 27 108.0 Hold +13 BMB MUNAI AMEX 1.36 2.54 Buy +87 -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1 450.0 1 324.0 Hold -9 ENRC LSE 1 008.0 1 059.0 Hold +5 KAZAKHGOLD-GDR LSE 7.7 7.0 Hold -9 URANIUM ONE LSE 3.3 2.0 Sell -38 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 19 500.0 22 490.0 Buy +15 KAZAKHSTAN KAGAZY LSE 0.250 0.039 Sell -84 STEPPE CEMENT LSE 70.5 120.9 Buy +71 -------------------------------------------------------------------------- Analysts of BTA Sekjuritis have stopped analytical covering Orsu Metals Corporation in connection with decrease in interest by the investor to them, caused by negative operational indicators and absence at the company of the actives generating monetary streams, after sale "Varvarinsky" deposit gold-copper to the Russian Open Society "Polymetal". 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. [2010-01-15]