Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for February 2, 2010

/IRBIS, February 2, 2010/ -BTA Bank JSC subsidiary BTA Securities (BTA Securities, Almaty) has provided IRBIS with a survey of main events, Forecasts and Investment ideas for February 2, 2010. According to the report, the company analysts expect today: - Today, the global stock market may continue to increase in economic optimism, after data on industrial production of China and the United States maintained a high growth rate in December. Support to the market today, is likely to provide markets for raw materials. On the oil market is expected to decrease reserves in the U.S. this week that will support their further growth in prices for "black gold". However, improvement is likely to be more moderate than before, because U.S. dollar still retains the potential for growth on expectations of positive data on U.S. housing market and the labor market. Besides the problem of Greece is still putting pressure on the euro. Statistics of the United States concluded contracts for the purchase of real estate in December, leaving today can show them a raise, according to forecasts of economists. - Today, in the morning Kazakhstan market shares generated in positive macro picture. Also, on Monday there was a growth of commodity markets. Analysts of BTA Securities believe that this will spur buyers into action. Good dynamics can demonstrate the action Kazakhmys, ENRC and KMG EP. - Positive momentum generated accumulated market during yesterday's trading, should not run out today. Growth of yesterday compensated only a fraction of the fall of the previous two weeks, indicating the potential for further growth in the coming days. Equity issuers in Kazakhstan's oil and gas sector, which fell for the last 5 sessions on average by 5-6%, have also become attractive for purchase. - Positive market sentiment metallurgy, in the absence of important makrostatistiki from the United States and China in the coming days will continue. Quotes of base and precious metals should be a natural beneficiary of this provision. Kazakhstan shares are likely to maintain positive momentum. - On Feb. 2 expected strengthening of the dollar against the backdrop of positive Pending Home Sales USA. Analysts of BTA Securities forecast strengthening British pound against the backdrop of positive to Nationwide Consumer Confidence Velikbritanii. 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 mendation % percent ange -------------------------- ----- -------- ------------ --------- --------- Banks -------------------------------------------------------------------------- KAZKOMMERTSBANK-GDR LSE 9.0 5.5 Sell -39 KAZKOMMERTSBANK KASE 650.0 410.0 Sell -37 KAZKOMMERTSBANK -PREF KASE 280.0 205.0 Sell -27 HALYK BANK-GDR LSE 9.5 7.9 Sell -17 HALYK BANK KASE 350.0 295.0 Sell -16 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 775.0 618.0 Sell -20 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 25.2 30.1 Buy +19 KAZKMUNAIGAZ KASE 23,500.0 27,108.0 Buy +15 BMB MUNAI AMEX 1.16 2.54 Buy +119 -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,281.0 1,324.0 Hold +3 ENRC LSE 934.0 1,059.0 Hold +13 KAZAKHGOLD-GDR LSE 7.0 7.0 Hold +1 URANIUM ONE LSE 3.4 2.0 Sell -40 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 18,501.0 22,490.0 Buy +22 KAZAKHSTAN KAGAZY LSE 0.290 0.039 Sell -87 STEPPE CEMENT LSE 75.0 120.9 Buy +61 -------------------------------------------------------------------------- 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. [2010-02-02]