Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for April 14, 2010

/IRBIS, April 14, 2010/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for April 14, 2010. Analysts of IFH RESMI are paying attention to investors on the following important events in the markets now: - KazakhGold (KZG LI) filed a motion to purchase ordinary shares of subsidiaries of OJSC Polyus Gold "(PLZL LI), which is: Polyus, OJSC Rudnik name Matrosov JSC, Yuzhno-Verkhoyansk Mining Company, Inc." The first-born ", JSC" Tonoda and LLC Amur EMG. Currently, Polyus Gold owns a controlling stake in KazakhGold 41.26%. Analysts IFD "RESMI" believe that the reverse takeovers "Polyus Gold" will KazakhGold improve the investment attractiveness. This is because the KazakhGold shares traded on the London Stock Exchange. KazakhGold - one of the largest gold mining companies in Kazakhstan, with three major mines in Aksu, Bestobe and Zholymbet located in the northern region of the republic. The company also owns assets in the territory of Eastern Kazakhstan, Romania and Kyrgyzstan. In Russia, shares of Polyus Gold's shares are listed on the Stock Exchange, RTS and MICEX. In the UK, American Depository Receipts (ADRs) level, representing ordinary shares of OJSC Polyus Gold, traded on the main market of LSE. OJSC Polyus Gold - gold producer in Russia and one of the world's largest producers of precious metal by market capitalization, volume of raw materials and production. - Kazakhstan plans to invest $ 100 million in the construction of grain storage facilities in Georgia. The outcome of the meetings of Prime Ministers of Georgia and Kazakhstan, which ended last week, was the statement that Kazakhstan plans to invest $ 100 million in construction of grain storage facilities in Georgia, with capacity of 300 thousand tons of grain a year. It is assumed that the barn will be built in Poti, but the final details of the project will be agreed during the visit of Massimov in Georgia, which will be held in August this year. This is the second attempt the Kazakh side to establish its infrastructure in Georgia. For example, in 2007, in Poti was scheduled to start construction of a grain terminal capacity of 400-450 tons of grain a day. However, this process was delayed due to unfavorable political situation in Georgia. In the past, Kazakhstan has repeatedly stated desire to buy (or build) a grain terminal in a port on the Black Sea for the transshipment of grain exports to North Africa and particularly in Egypt. In recent years, Kazakhstan has been unable to export grain to Egypt due to high logistics costs. Having our own grain storage facilities in Poti will enable Kazakhstan to reduce transportation costs and increase grain exports to Egypt. - Upgrading of the domestic agricultural sector. To date, agricultural sector of Kazakhstan is implementing several projects. By 2011, the company "Aray Holding plans to start operation in Kostanai region dairy farm value of 900 million tenge. This project is funded jointly with JSC "KazAgroFinance. Own funds of the company consists of about 15% of the total project. The farm will include 1250 head of cattle. Also, in the Karaganda region is planned for 6 projects worth KZT5.8 billion. This construction of greenhouses worth about 1 billion tenge, which is funded by the JSC KazAgroFinance (KZT620 million), JSC "NK SEC Saryarka (KZT140 million) and LLP" Green Tehnology ". Three major investment projects are being implemented in the poultry industry: reconstruction Maykudukskoy poultry and poultry farm them. Karl Marx and the construction of a new broiler farms LLP healthy products. "Implementation of these projects will increase in 2011, the number of poultry in the area of 2,5 times (up to 4.7 million head) and increase the proportion weight of breeding stock from 30 to 60%. The other two projects are linked to the modernization of equipment Karaganda Margarine Plant. Implementation of these projects will improve the quality and productivity of domestic agriculture sector. 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 615 796 29.4% 1,072 40.86 Halyk bank 367.01 409 11.4% 837 43.78 Bank Center Credit 707 1,218 72.3% 942 38.23 ENRC 2,710 On review 2,865 60.63 Kazakhmys 3,400 On review 3,695 52.44 RD KMG 22,300 24,895 11.6% 24,919 58.42 Kazkhtelekom 16,850 33,842 100.8% 17,800 42.38 -------------------------------------------------------------------------- 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. [2010-04-14]