Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for may 13, 2010

/IRBIS, May 13, 2010/ -BTA Bank JSC subsidiary BTA Securities (BTA Securities, Almaty) has provided IRBIS with a survey of main events, Forecasts and Investment ideas for May 13, 2010. According to the report, the company analysts expect today: - world stock exchanges have completed the second session of the noticeable increase composite indexes, that is, the rebound up continues. Today, analysts of BTA Securities are expected to remain dynamic, but at the market will not be new trading ideas. Growth will be more out of inertia, reinforced by the certainty of recovery of the world economy and a temporary solution to the problems of debt "fire" in the euro area. Limited support for the European market may give reports Telefonica and British Telecom for the first quarter. - analysts of BTA Securities believe that today the local stock market will move in the positive zone, however, liquidity will remain low. The growth of commodity markets will stimulate buying in the sector of mining companies. Analysts expect the growth of quotations ENRC and Kazakhmys. - technically quotations Light Sweet firmly hammered in downlink, as unable to even qualitatively test the next resistance levels at 78 dollars per barrel. Brent, on the contrary, persists and remains above 80 dollars per barrel. The situation is quite controversial, as suggests the idea of further expansion of the spread between the two contracts. On the other hand, according to analysts BTA Securities under current market expectations of further contracts the situation will remain so. Today, a particularly strong news background is not expected, and perhaps the oil market will follow the trend of stock indices. - according to analysts of BTA Securities, weakened but still definitely not coming off the field of view of concern about sovereign debt in Europe so far continues to influence market sentiment for a couple of measures the Chinese government on declining economic growth. In the absence of significant market macro-statistic, today analysts expect the lateral dynamics of the basic metals and shares of companies sector. - today is expected weakening of the dollar against the background of the Finance Minister of Spain to reduce the cost of the budget. The British pound will strengthen the technical. 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 6.7 9.8 Sell +46 KAZKOMMERTSBANK KASE 500.0 728.3 Sell +46 KAZKOMMERTSBANK -PREF KASE 271.0 388.5 Sell +43 HALYK BANK-GDR LSE 8.6 9.7 Sell +13 HALYK BANK KASE 325.0 348.1 Sell +7 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 566.5 1,531.0 Hold +170 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 21.3 30.1 Buy +41 KAZKMUNAIGAZ KASE 19,300.0 27,108.0 Buy +40 BMB MUNAI AMEX 0.88 2.54 Buy +188 -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,293.0 1,324.0 Hold +2 ENRC LSE 1,095.0 1,059.0 Hold -3 KAZAKHGOLD-GDR LSE 7.9 7.0 Sell -11 URANIUM ONE LSE 2.5 2.0 Sell -17 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 13,890.0 22,490.0 Buy +62 STEPPE CEMENT LSE 66.5 120.9 Buy +82 -------------------------------------------------------------------------- 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. [2010-05-13]