Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for April 16, 2010

/IRBIS, April 16, 2010/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for April 16, 2010. Analysts of IFH RESMI are paying attention to investors on the following important events in the markets now: In November 2010 Company Ivolga-Holodnig LLP plans to launch in Kostanai region dairy farm value of 806 million tenge. The project is funded by a subsidiary of Oriole Holding LLP Sadchikovskoe "together with" KazAgroFinance. Own funds of the company is 15% of the total project, the remaining 85% - borrowed. For the first time on the farm will include 400 head of cattle (cattle), and by 2011 will increase the power of the farm to 800 head of cattle. LLP Oriole Holding specializes in the production of agricultural products and today is one of the three largest grain companies in Kazakhstan. The company has more than 560 thousand hectares of farmland. The annual export volume of cereals is estimated at 500-600 thousand tons, accounting for 10-12% of total exports of grain from Kazakhstan. Power companies can store up to 1 million tons of grain; it also has 11 elevators in Russia. Analysts IFD "RESMI" believe that the launch of dairy farm will allow the company to diversify its activities. 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 677 796 17.6% 609 55.49 Halyk bank 380 409 7.6% 415 52.15 Bank Center Credit 715 1,218 70.3% 957 41.90 ENRC 2,750 On.review 2,891 62.63 Kazakhmys 3,472 On.review 3,663 55.57 RD KMG 22,300 24,895 11.6% 25,275 58.42 Kazkhtelekom 16,850 33,842 100.8% 17,800 42.80 -------------------------------------------------------------------------- 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 of 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. [2010-04-16]