Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for February 12, 2010

/IRBIS, February 12, 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 12, 2010. According to the report, the company analysts expect today: - Today, markets are in positive territory thanks to the data on unemployment in the United States, however, some of it is dominated by negative sentiment. Apparently, investors do not believe in the continuation of positive dynamics in the stock markets. Today, hope for growth appears in the case of positive data on euro area GDP and strong January retail sales data in the United States. - Today, in the Kazakhstan market possible growth of quotations of domestic issuers, however, investors will refrain from active operations. Now comes a crucial moment in world stock markets. Participants will choose to await the emergence of more favorable for the growth triggers. - the dollar, which today is likely to continue to score points against the euro on optimism the statistics on unemployment in the United States and the echoes of sovereign debt in Europe, and the increase in U.S. petroleum reserves, if confirmed forecasts of experts of today's data report, Ministry of Energy, the U.S. official, slightly adjust oil quotations. - a sharp rise of quotations of copper, observed yesterday, will be perceived by the market fundamentals of metallurgy disproportionate growth, so that today we can expect a technical correction. The expected strengthening of the dollar will be an additional factor of pressure on the quotation. - February 12, is planned to strengthen the dollar against the backdrop of positive U.S. retail sales and industrial production for the negative EU. The British pound could technically be weakened. 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 8.8 5.5 Sell -38 KAZKOMMERTSBANK KASE 669.0 410.0 Sell -39 KAZKOMMERTSBANK -PREF KASE 255.0 205.0 Sell -20 HALYK BANK-GDR LSE 9.4 7.9 Sell -16 HALYK BANK KASE 360.0 295.0 Sell -18 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 777.0 618.0 Sell -20 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 24.0 30.1 Buy +26 KAZKMUNAIGAZ KASE 21,600.0 27,108.0 Buy +26 BMB MUNAI AMEX 1.06 2.54 Buy +140 -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,277.0 1,324.0 Hold +4 ENRC LSE 935.5 1,059.0 Hold +13 KAZAKHGOLD-GDR LSE 6.8 7.0 Hold +4 URANIUM ONE LSE 3.2 2.0 Sell -36 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 17,700.0 22,490.0 Buy +27 KAZAKHSTAN KAGAZY LSE 0.180 0.039 Sell -78 STEPPE CEMENT LSE 69.5 120.9 Buy +74 -------------------------------------------------------------------------- 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. [2010-02-12]