Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for July 9, 2010

/IRBIS, July 9, 2010/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for July 9, 2010. Analysts of IFH RESMI are paying attention to investors on the following important events in the markets now: - Nutritek plans to repay the entire debt by 2023. Baby food manufacturer, the group Nutritek released a new plan to restructure its debt. The company promises to repay debt ($ 220 million) to banks and the holders of its bonds by 2023. In the previous plan of debt restructuring, which was agreed with creditors in 2009, "Nutritek" promised to repay debt by 2016. The first tranche of 80 million rubles was due on June 30 this year. But because of "deteriorating financial situation" group revised the outlooks on its economic well-being. The new plan, Nutritek offers to extend all payments to 13.5 years with an interest rate of 6.5% per annum for the banks and holders of ruble-denominated bonds (other than 6,2% for Earthy) and 3% for holders of LPN (Loan Participation Note) . Within three years, from 2018 till 2020, "Nutritek will be put out annually by 10% of the main body of the debt in 2021 and 2022 respectively - 20%, the remaining 30% of the debt the group will return to creditors in 2023-m. Interest on loans will be paid partly in 2014. And although most lenders are unhappy new plan, restructuring of debt, apply for bankruptcy "Nutritek" meaningless. As noted by one of the creditors, the band has only three employees of the plant, the total value of assets is unlikely to exceed $ 20-30 million, as revenue falls short of the target of approximately 40%. Group Nutritek produces products under the brands Nutrilak, "Winnie", Nural, "Baby", etc. - The French company Areva SA agreed to build a new nuclear reactor in Canada, in the eastern province of New Brunswick. Construction of a new nuclear reactor corresponds to the strategy of Canada for the construction of the energy hub for the export of clean energy in Canada and the USA. Canada also restores nuclear reactor on the shores of the Eastern Ontario, whose energy is focused on the production of various isotopes, including deuterium oxide or heavy water. " Construction of a new reactor and the restoration of the old shows that Canada also possesses large reserves of hydrocarbons, providing a backup path in the form of alternative energy sources, financing it through the production and sale of oil and gas. Nuclear reactors are in the same area where the reserves are concentrated oil sands in Canada. 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 372 796 114.0% 497 30.09 Halyk bank 305 409 34.1% 394 50.47 Bank Center Credit 525 1,218 132.0% 1,061 35.62 ENRC 1,830 On review 2,801 33.34 Kazakhmys 2,360 On review 3,220 40.31 RD KMG 16,250 24,895 53.2% 25,002 30.19 Kazkhtelekom 14,050 33,842 140.9% 20,436 53.95 -------------------------------------------------------------------------- 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. [2010-07-09]