Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for April 26, 2010

/IRBIS, April 26, 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 26, 2010. According to the report, the company analysts expect today: - trading in Europe and the U.S. this week could start a further increase in the major indexes, after it became known that Greece is likely to receive financial aid until the date of the next repayment of debts. In the markets is gaining momentum and economic optimism. Asian markets today are growing at a positive macro U.S. data, as well as news that China, in August this year, will voice a new package of measures to stimulate the economy, amounting to $ 586 billion on Friday American index S & P500 updated highs this year, which, in According to analysts of BTA Securities, said the return of "bull" market sentiment. - Stock markets in America and Europe for eight consecutive weeks finishing trades in the positive territory, renewing the annual highs and overcoming the expectations of market experts. Against this background, the Kazakh market lags far behind. Analysts BTA Securities believe that it was now time purchases. On Monday, April 26, to establish favorable position for commodity companies, in particular iron and steel - Kazakhmys and ENRC. Do not realize the high potential of growth in the value KMG and Kazakhtelecom. Banks also may now be the subject of shopping. - On Monday, is likely to continue rising oil futures on the background correction which started up. The day will be for the poor yield of macroeconomic statistics, and therefore the players face a lack of ideas. Donate petroleum quotations can strengthen against the euro, approaching the end of history with Greece. - Dispersal of clouds over the public finances of Greece, and news from the anonymous representative of the central government of China plans to launch a new stimulus package, commensurate with last year, improve the prospects for growth Quotations of industrial metals. Today, BTA Securities analysts also expected to increase stock price sector. - April 26 is expected to strengthen the dollar against the positives of Dallas Fed Manuf Activity (expected to increase from 7.2% to 9.5%). The British pound will strengthen against the background of positive real estate market. 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 8.4 5.5 Sell -35 KAZKOMMERTSBANK KASE 621.0 410.0 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 712.0 618.0 Hold -13 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 25.3 30.1 Buy +19 KAZKMUNAIGAZ KASE 22,100.0 27,108.0 Buy +23 BMB MUNAI AMEX 1.03 2.54 Buy +147 -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,430.0 1,324.0 Hold -7 ENRC LSE 1,214.0 1,059.0 Hold -13 KAZAKHGOLD-GDR LSE 8.5 7.0 Sell -17 URANIUM ONE LSE 2.6 2.0 Sell -21 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 16,450.0 22,490.0 Buy +37 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. [2010-04-26]