Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for June 1. 2010

/IRBIS, June 1, 2010/ - Finance & Investment House RESMI JSC (Almaty. IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for June 1. 2010. Analysts of IFH RESMI are paying attention to investors on the following important events in the markets now: - May 28 three-month dollar LIBOR dropped slightly, following a two-week growth. The value of rate fell from 0.538 percent to 0.536. Last fall rate was recorded May 10, 2010. Spread dollar LIBOR-OIS also narrowed. The main factor downtrend rate is pursued policies of central banks in flooding the money market to maintain liquidity. Size is determined by the daily LIBOR British Bankers Association (BBA). Its size is a barometer of the banking system. If the rate increases, it shows that banks are less willing to lend to each other. Spread LIBOR-OIS - the difference between rates on dollar loans for three months and index swaps overnight (deficit figure of liquidity in the interbank market and banks' attitude to risk). Analysts of IFD "RESMI" believe that in mind that the general tension in the market of short-term loans weakens expected further declines in rates of the three-month dollar LIBOR. - BHP raises the price. Japanese steelmaker and mining company BHP Biliton (BHP AU) agreed on the price increase for coking coal at 12.5% for the period July - September, compared with the previous quarter. The price of coal is $225 per tons, reflecting a 75% increase in prices compared to the same period last year. This agreement reflects the position of the industry, and the final consumer. Anticipated increased demand for the products of mining companies, steel, construction and automotive plants. That will move the market up leading to the emergence of yet another "bubble" in the global economy. Analysts of IFH RESMI give the following advice for investors in securities of issuers in Kazakhstan: -------------------------------------------------------------------------- Issuer Last price Predicted price* Up/down from Target RSI. Current price price** %*** ------------------ ---------- ---------------- ------------- ------- ----- Kazkommertsbak 465 796 71.2% 928 36.31 Halyk bank 301 409 35.9% 743 45.70 Bank Center Credit 560 1,218 117.5% 1,081 37.36 ENRC 2,188 On review 2,866 43.47 Kazakhmys 2,620 On review 3,370 45.07 RD KMG 18,500 24,895 34.6% 25,108 41.14 Kazkhtelekom 11,800 33,842 186.8% 18,344 17.58 -------------------------------------------------------------------------- Fundamental evaluation IFH RESMI for 12 months (weekly review) ** Target according to the consensus forecast of analysts surveyed by Bloomberg *** Relative strength index - an indicator of technical analysis. determines strength of trend and likelihood of change. Overbought / oversold - when RSI indicator value is closer to 100% / 0%. - Cost of common shares Kazkommertsbank assessment IFD "RESMI" will cost no less than KZT796 per share by the end of 2010; - Halyk Savings Bank of Kazakhstan is estimated IFD "RESMI" as the most promising in terms of business development financial institution in Kazakhstan. Analysts see the growth of the bank's shares up to KZT409 per share; - Shares of Bank CenterCredit in the long term analysts IFD "RESMI" about the outlook for growth in securities of the bank to the level of 1.230 m.; - Stocks of Kazakhtelecom are looking most attractive for investment in the long term. Analysts IFD "RESMI" recommend buying simple shareholders of the issuer. - The updated target price of shares of JSC Exploration Production KMG is KZT24.895 per share. 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. [2010-06-01]