Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for April 22, 2010

/IRBIS, April 22, 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 22, 2010. According to the report, the company analysts expect today: - today trading in Europe may begin in the negative zone to preserve the virtue of fears of default on its obligations in Greece; as well as plans of Mr. B. Obama the U.S. president, , to strengthen the supervision of the banking sector and to separate the derivatives transactions from other banks' business. Asian markets are now traded in negative zone. The situation may change these dollars for the primary applications for unemployment benefits, which are now clearly not encouraging, and instill fear on the status of the consumer sector. Support the U.S. market may be data on sales of homes on the secondary real estate market. There will also be available to the financial results of a wide range of companies, among which reports bank BB & T and representatives of the technology sector, Verizon Communications and Amazon. - Analysis of BTA Securities believes that today we can expect the positive momentum on the Kazakhstan Stock Exchange. Good news background, with the exception of the Greek factor that will positively affect the trading day. In addition, the local market is rolled in value, behind the international sites. Prices are pleasant to enter, especially is noticeable on the papers of the People's Bank, Bank CentreCredit and Kazakhtelecom. Raw Company, represented by Kazakhmys, the same can demonstrate growth. - today expected a large block of macroeconomic statistics, as the U.S.A. and Europe, which economists predicted to be positive. Perhaps at this positive oil quotes will go up. However, an old nauseam on all players' the situation around Greece continues to press for a couple of euros / dollars, which ultimately affects the price of oil. Most likely, on Thursday, the movement of oil quotations will depend more on attitudes of players and what they will be more likely. - today mood of market participants of metals will affect on real estate markets in the two largest consumers of copper. Negative on the recent actions of the Chinese regulators in the field of housing credit, may be broken by the expected positive data from the U.S.A. on real estate for sale of the secondary market. Although it can not be excluded that the expected publication today by the U.S. administration of measures to regulate the financial sector will keep the quotes base metals in the negative zone. Stocks of Kazakhstani companies, as analysts expect BTA Securities, will be in the lateral dynamics. - April 22 is expected of strengthening of the dollar against the backdrop of the Greek of the disease and the growth of industrial price dollars. In European trading positive in PMI Services (expected to increase from 54.1 to 54.4) locally support the euro. The British pound will strengthen against the growth of retail sales UK. 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 8.5 5.5 Sell -35 KAZKOMMERTSBANK KASE 625.0 410.0 Sell -34 KAZKOMMERTSBANK -PREF KASE 260.0 205.0 Sell -21 HALYK BANK-GDR LSE 9.6 7.9 Sell -18 HALYK BANK KASE 353.0 295.0 Sell -16 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 +20 KAZKMUNAIGAZ KASE 22,000.0 27,108.0 Buy +23 BMB MUNAI AMEX 1.04 2.54 Buy +144 -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,450.0 1,324.0 Hold -9 ENRC LSE 1,223.0 1,059.0 Hold -13 KAZAKHGOLD-GDR LSE 8.8 7.0 Sell -20 URANIUM ONE LSE 2.7 2.0 Sell -23 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 16,500.0 22,490.0 Buy +36 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. [2010-04-22]