Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for may 21, 2010

/IRBIS, May 21, 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 21, 2010. According to the report, the company analysts expect today: - today analysts of BTA Securities does not expect to see any meaningful statistics on the U.S. market and the main generator of ideas will remain the euro zone. It has been announced for an intervention by the Central Bank of Switzerland, supported the quotations of the euro against the dollar. This obviously will support the stock market, as well as market commodities. Latest on the morning trading session demonstrates growth. Technical opinion indicates that it is time for shopping, but "bears" have continued to resist. Today, the whole market will continue to be consolidated at the local cons to good growth. - Today, investors will closely monitor developments in the markets of Europe and the United States and at the same time be restrained in their actions. Analysts of BTA Securities believe that the market of oil and base metals today there are grounds for growth and, accordingly, investors that growth in the shuffle quotations local raw materials companies. Negative arbitrage between the GDR and the common shares of Kazkommertsbank will most likely play down. - Today, perhaps, the oil quotes will go up against the weakening U.S. dollar against the euro to levels 1.26-1.27. In addition, possible technical correction futures after such a strong drop. On the last day of the Review of the week is not expected to yield important macroeconomic data, so the trend in the market of "black gold" will determine the dynamics of the euro/dollar. - intervention of the Swiss Central Bank, supported the quotes euro against the dollar today can support profitable for the euro speculation. Report of the German IFO Institute for the expectations and attitudes of entrepreneurs, along with an index of purchasing managers in the Euro zone this background can find a positive response. According to BTA Securities analysts, today we can expect buying base metals and metallurgists shares attractive at current levels. - today the euro strengthened against the positive relative to the EU PMI Manufacturing and confirmation of Germany's GDP growth at 0.2% in the first quarter. The British pound will show correlation with the euro and strengthened. 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 5.9 9.8 Buy +66 KAZKOMMERTSBANK KASE 489.5 728.3 Buy +49 KAZKOMMERTSBANK -PREF KASE 271.0 388.5 Buy +43 HALYK BANK-GDR LSE 7.4 9.7 Buy +32 HALYK BANK KASE 280.0 348.1 Buy +24 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 530.0 1,531.0 Buy +189 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 19.6 30.1 Buy +54 KAZKMUNAIGAZ KASE 18,000.0 27,108.0 Buy +51 BMB MUNAI AMEX 0.74 2.54 Buy +244 -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,089.0 1,427.0 Buy +31 ENRC LSE 934.5 1,216.0 Hold +30 KAZAKHGOLD-GDR LSE 7.9 7.0 Hold -11 URANIUM ONE LSE 2.1 3.3 Buy +60 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 13,200.0 22,490.0 Buy +70 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. [2010-05-21]