Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for March 9, 2010

/IRBIS, March 9, 2010/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for March 9, 2010. Analysts now paying attention to the following investors' significant events: National Bank of Kazakhstan has published data on interbank loans and deposits on March 1, 2010. According to these data, the credits given for February rose slightly compared with the previous month. Loans in national currency amounted to KZT12.6 million, against KZT0.8 million in January this year. Loans in U.S. dollars also showed a slight increase to $ 1.3 million compared to $ 0.4 million in January 2010. Despite the fact that the credits given gradually increasing interbank loans remain at a relatively low level. Placed deposits denominated in domestic currency gradually increased after the reduction in November 2009. At that time, as deposits in U.S. dollars and the euro remained at a low level of the second month in a row. These trend analysts of IFD "RESMI" associated with the strengthening of the national currency. Significant growth of deposits denominated in foreign currency was observed in December last year. In late February, one day indicator value KazPrime decreased from 2.63% to 1.8%. At March 5, 2010 the importance KazPrime reached 1.76%. According to assumptions IFD "RESMI", this decline is associated with the increased volume of funds placed on the interbank deposits. It is expected that the placement of interbank deposits will continue to grow and in the case of recovery of credit issued by credit also show growth. Struggle for power intensifies. PetroChina, together with Royal Dutch Shell plans to buy for 3.26 billion Australian dollars Arrow Energy, an Australian producer of coal and gas condensate (methane). Shareholders of companies offer 4.45 AUT. dollars per share, a price with 28% premium to the price (3.48 AUT. dollars) on which the company was trading on Friday. Against the background of this news shares of Arrow Energy rose on Monday by 44%, to 5.0 AUT. dollars per share. Participation in the transaction PetroChina, the largest oil company in the world, may face political obstacles from the governments of Australia, which does not favor the acquisition of Australian mining companies by Chinese companies. This is the second proposal made by the Shell company Arrow Energy. The first proposal, made last year was not confirmed by either party. Advisors to the transaction by a pair of PetroChina and Royal Dutch Shell made by UBS and Citigroup. With this transaction will allow Shell to build a plant in the port of Gladstone in the short term. The plant could produce 16 million metric tons of gas condensate per year since 2014. Currently, Shell does not have sufficient reserves of associated gas to run the plant. This transaction will allow companies to participate in the production and supply of associated gas condensate, the market for an estimated $ 200 billion a year. This will allow companies to catch up with BG and ConocoPhillips for the production of gas condensate. 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 595 796 33.8% 1,261 41.00 Halyk bank 370 409 10.5% 1,006 57.60 Bank Center Credit 715.01 1,218 70.3% 865 40.54 ENRC 2,350 On review 2,631 52.77 Kazakhmys 3,280 On review 3,507 57.44 RD KMG 21,450 24,895 16.1% 26,493 47.78 Kazkhtelekom 17,500 33,842 93.4% n/a 39.81 -------------------------------------------------------------------------- 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 IFD RESMI will cost no less than KZT796 per share by the end of 2010; Halyk Savings Bank of Kazakhstan is estimated IFD "RESMI" as the most promising in terms of business development financial institution in Kazakhstan. Analysts see the growth of bank shares to KZT409 per share; Shares of Bank CenterCredit in the long term, analysts IFD "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 IFD "RESMI" recommend buying ordinary shareholders of the issuer. JSC Exploration Production KazMunaiGas actively consolidating oil and gas sector in Kazakhstan through the purchase of oil assets. Exporting around 80% of its oil. Provision is 5% of the total volume of proven oil reserves in Kazakhstan. The updated target price is KZT24,895 per share 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. [2010-03-09]