Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for April 20, 2010

/IRBIS, April 20, 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 20, 2010. According to the report, the company analysts expect today: - before the opening of trading, in Europe is taking a favorable news background. Yesterday U.S. markets broke the negative on Goldman Sachs and switched to the positive news, to which should include the financial results of the Citigroup. Asian markets traded in positive territory today. The attention of investors to the financial results of commercial banks in the U.S. today can make their regular adjustments to the movement of the market. On this day, the perpetrator accountable Friday's crash Goldman Sachs and Bank of America. Also will be interested in report Johnson & Johnson, the outcome of which may reflect the state of consumer demand, as well as the U.S. carrier Delta Airlines. - on the Kazakhstan market before the auction summed that there are biased background news. Perhaps investors today will focus on the positive. This will contribute to a strong accountability Citigroup Inc. which published on the previous day, when the local market did not haggle. Today Market base of metals and oil, according to our estimates, would grow up and pull a correspondingly quotes commodity companies. Among the growing might be tools of KMG and ENRC. Meanwhile, the banking sector may be subject for technical purchases. - analysts of BTA Securities noted that the oil market, from the technical side, such an active fall creates conditions for the correction. But over the past three days, oil has broken the level of support 82.5 dollars per barrel for Light Sweet and may continue to fall until 78-79 dollars per barrel. By Brent contracts also may continue to fall up to 80 dollars per barrel. Today is not expected any major macroeconomic news, and most likely, the players continue to win back the latest news. - gradually fading noise around SEC proceedings against Goldman Sachs will now play for investors yesterday's data on more than doubling net profit of Citigroup for the first quarter. However, the recent actions of the Chinese regulators against the bubble in real estate nobody has yet ruled out, which could extent limit to the current rebound quotations of metals and shares metallurgists. - Tuesday is expected of weakening of the dollar against the negative on ABC Consumer Confidence. The joint meeting of representatives of the ECB, IMF and Greece moved from Monday to Wednesday due to non-flying conditions. The results of their work will have a major impact on the euro this week. The British pound will strengthen against the background of rising inflation. 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 2010 year mendation % percent ange -------------------------- ----- -------- ------------ --------- --------- Banks -------------------------------------------------------------------------- KAZKOMMERTSBANK-GDR LSE 8.6 5.5 Sell -36 KAZKOMMERTSBANK KASE 625.0 410.0 Sell -34 KAZKOMMERTSBANK -PREF KASE 260.0 205.0 Sell -21 HALYK BANK-GDR LSE 10.0 7.9 Sell -21 HALYK BANK KASE 365.0 295.0 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 710.0 618.0 Hold -13 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 25.0 30.1 Buy +21 KAZKMUNAIGAZ KASE 22.300.0 27.108.0 Buy +22 BMB MUNAI AMEX 1.01 2.54 Buy +151 -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1.474.0 1.324.0 Hold -10 ENRC LSE 1.191.0 1.059.0 Hold -11 KAZAKHGOLD-GDR LSE 9.0 7.0 Sell -22 URANIUM ONE LSE 2.7 2.0 Sell -23 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 16.750.0 22.490.0 Buy +34 STEPPE CEMENT LSE 70.0 120.9 Buy +73 -------------------------------------------------------------------------- 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. [2010-04-20]