Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for April 27, 2010

/IRBIS, April 27, 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 27, 2010. According to the report, the company analysts expect today: - Today quotes of the major indexes in Europe and the U.S. will be under pressure. Once again the market growing fears of defaults in Greece after Mrs. Angela Merkel prime minister of Germany speech fo that Athens did not receive support from Germany until the IMF, together with the Greeks did not develop a sustainable plan to reduce the budget deficit. In Asia today revived fears that the government's measures to freeze the economy will adversely affect the pace of its recovery. Prices for oil and industrial metals will be cheaper. Changes in the situation of the market can corporate news. Today, reports a wide range of companies, among which: US Steel, Coca-Cola, 3M, Ford Motor. Also available is U.S. statistics on real estate prices on the S & P / Case & Shiller, an index of business activity in the Richmond District and the index of consumer confidence from the Agency Conference Board. By all indicators, expected to be a positive trend. - in the morning on the Kazakhstan market generated a positive background news. In the strong Large areas of U.S. corporate reporting are traded on the positive territory. In addition, commodity markets, determining the dynamics of local quotations, as well are in the plus zone. Today, analysts BTA Securities expect continued growth in commodity companies - ENRC, Kazakhmys and KMG. - According to analysts of BTA Securities, having no serious grounds for a falling share prices Bank CenterCredit on Monday, today may lead of purchasing of these securities at attractive price levels. Yesterday BTA Securities issued a new target price on shares of the domestic banking sector. According to analysts, the shares of BCC being significantly underestimated by both domestic and foreign counterparts and have significant growth potential this year. We also recommend "buy" common shares Kazkommertsbank. - How to know the level of 85-87 dollars per barrel is the target for this year, the expectations of many investors, so that growth above this mark is a certain fear among the participants. The players seem to not want too much to deviate from it in any way. According to analysts of BTA Securities, investors are playing in the rise in oil prices, will try to make a breakthrough to the next target level of 90 dollars per barrel, but this breakthrough could be restrained pace of economic recovery and consumer demand. Today, perhaps, quotes will win back yesterday's fall against the release of the next macro block, which is expected positive. - sometimes fading, but not coming down completely out of sight, today psychosis on sovereign debt of Greece will reintroduce a negative note in the course of bidding. On the other hand, emerging on the eve of the meeting of the Committee on the Federal Reserve Open Market speculation about a possible quick move away from a soft monetary policy will also have some pressure on the metal and stock quotes. - April 27 is expected to strengthen the dollar against the positives of Richmond Fed Manuf Index (expected to increase from 6 to 10) and the Consumer Confidence of USA. The British pound will strengthen against the background of further positive for the real estate market of England. 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 10.5 Sell +30 KAZKOMMERTSBANK KASE 621.0 777.0 Sell +25 KAZKOMMERTSBANK -PREF KASE 260.0 388.5 Sell +49 HALYK BANK-GDR LSE 9.6 9.7 Sell +2 HALYK BANK KASE 353.5 248.1 Sell -2 HALYK BANK -PREF (HSBKP) KASE 168.4 174.0 Hold +3 HALYK BANK -PREF1 (HSBKP1) KASE 171.0 174.0 Hold +2 BANK CENTER CREDIT KASE 650.0 1,531.0 Hold +136 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 25.9 30.1 Buy +16 KAZKMUNAIGAZ KASE 22,500.0 27,108.0 Buy +20 BMB MUNAI AMEX 1.03 2.54 Buy +147 -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,480.0 1,324.0 Hold -11 ENRC LSE 1,257.0 1,059.0 Hold -16 KAZAKHGOLD-GDR LSE 8.5 7.0 Sell -17 URANIUM ONE LSE 2.8 2.0 Sell -26 -------------------------- ----- -------- ------------ --------- --------- 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. [2010-04-27]