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

/IRBIS, April 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 April 12, 2010. According to the report, the company analysts expect today: - Today analysts of BTA Securities expect another increase in global market shares encouraging news for Greece. At the moment it is known that the EU countries have agreed to provide financial assistance to Greece, through the acquisition of government bonds worth $ 61 billion with a coupon rate below market level. $ 40.7 billion will be allocated in Greece for three years with a coupon rate of 5% this year. The rest of the funds will provide the International Monetary Fund. Analysts of BTA Securities believe that the news today will positively affect on the dynamics of the rate of European currencies. On morning trading, the exchange rate has already appreciated by more than 1%. Such a strong drop in the dollar should have a positive impact on the market of raw materials, reviving demand for it as a tool to hedge currency risks. Shares of commodity companies today are the leaders of growth. Today also offers corporate reporting season for the first quarter of 2010. Probably, after the close of trading in the U.S. will report to the U.S. aluminum producer Alcoa. Positive expectations about the results will also heat up the market. - Today analysts of BTA Securities expected to increase investor demand for shares of commodity companies, which will positively affect on dynamics of the Kazakhstan market shares. - In the oil market correction, which was held two sessions in a row, according to BTA Securities helped to "bulls" to keep the possibility of further growth. Moreover, the statements from Europe can support the euro and optimism about economic growth in the region. Therefore, a small downward correction may again become a platform for an assault attempt on resistance levels in the area 86.5-87 dollars per barrel is already next week. - Drop of the dollar for today and a seasonal increase in the consumption of base metals, supported by data on the growth of the March import of copper to China by 42% in the month compared to lead to the consolidation of the positive sentiment in the market of basic metals. Shares of mining companies should also become favorites at today's auction. - 12 April is expected being weakening of the dollar against the positives of Greece. The British pound will rise by increasing the volume of retail sales of the UK, as well as the growing demand of investors for risky assets amid rising prices for raw materials. 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 8.7 5.5 Sell -37 KAZKOMMERTSBANK KASE 635.0 410.0 Sell -35 KAZKOMMERTSBANK -PREF KASE 260.0 205.0 Sell -21 HALYK BANK-GDR LSE 9.9 7.9 Sell -20 HALYK BANK KASE 365.1 295.0 Sell -19 HALYK BANK -PREF (HSBKP) KASE 168.4 147.0 Hold -13 HALYK BANK -PREF1 (HSBKP1) KASE 171.0 191.0 Hold +12 BANK CENTER CREDIT KASE 735.0 618.0 Sell -16 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 25.2 30.1 Buy +20 KAZKMUNAIGAZ KASE 22,400.0 27,108.0 Buy +21 BMB MUNAI AMEX 1.02 2.54 Buy +149 -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,591.0 1,324.0 Sell -17 ENRC LSE 1,238.0 1,059.0 Hold -14 KAZAKHGOLD-GDR LSE 8.5 7.0 Sell -17 URANIUM ONE LSE 2.7 2.0 Sell -25 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 16,700.0 22,490.0 Buy +35 STEPPE CEMENT LSE 72.0 120.9 Buy +68 -------------------------------------------------------------------------- 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. [2010-04-12]