Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for April 12, 2010

/IRBIS, April 12, 2010/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for April 12, 2010. Analysts of IFH "RESMI" are paying attention to investors on the following important events in the markets now: - The influx of foreign investment in Kazakhstan in 2009: who and where to invest. On Friday, 09 апреля National Bank of Kazakhstan has published data on foreign investment in Kazakhstan in 2009, which totaled $ 63 billion main investors last year were the Netherlands (offshore zone), China and the Russian Federation, the investment in these countries of total foreign investment accounted for 17%, 14% and 13%, respectively. Favorites of foreign investors began operations with real estate, mining and financial activities. Analysts IFD "RESMI" believe that in 2010 the mining and quarrying will break down the volume of foreign investment. Moreover, the assumptions of IFD "RESMI", foreign investment in 2010 will exceed that of 2009. 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 635.01 796 25.4% 1,072 45.22 Halyk bank 365.10 409 12.0% 838 42.11 Bank Center Credit 735 1,218 65.7% 942 46.05 ENRC 2,710 On review 2,828 2,828 Kazakhmys 3,500 On review 3,569 3,569 RD KMG 22,400 24.895 11.1% 24,933 60.06 Kazkhtelekom 16,700 33.842 102.6% 17,800 37.84 -------------------------------------------------------------------------- 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 common shares 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 the bank's shares up to KZT409 per share; - Shares of Bank CenterCredit in the long term analysts IFD "RESMI" about the outlook for growth in securities of the bank to the level of 1,230 m.; - Stocks Kazakhtelecom are looking most attractive for investment in the long term. Analysts IFD "RESMI" recommend buying simple shareholders of the issuer. - The updated target price of shares of JSC Exploration Production KMG 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. [2010-04-12]