Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for July 22, 2010

/IRBIS, July 22, 2010/ -BTA Bank JSC subsidiary BTA Securities (BTA Securities, Almaty) has provided IRBIS with a survey of main events, Forecasts and Investment ideas for July 22, 2010. According to the report, the company analysts expect today: - trading in Europe today, will likely take place in a negative zone after Fed chief Mr. Ben Bernanke's speech on the Senate before the U.S. Congress said that the country's economic prospects remain uncertain. The negative impression is made by corporate news after the close of trading in the U.S. reported back little coffeehouse chain Starbucks. Trade in the U.S. will be determined by economic and corporate news. Before the opening of trading will be published figures for the primary applications for unemployment benefits, which can show the growth of applications last week, according to current forecasts of the market. In the morning as there are data on sales of homes on the secondary real estate market and the U.S. index of leading indicators on them are also expected negative dynamics. During the day, will report the company Caterpillar, Xerox, AT&T. - The situation on the domestic market today is unlikely to be different from the last two days, when the transaction took place on a limited number of issuers, reflecting the uncertainty of investors against the controversial dynamics of foreign markets. The positive dynamics of shares now available on Kazakhmys shares, which yesterday rose in price by 7% in London. - quotations of oil fell back again to the level of 75 dollars per barrel, and are in a narrow range: 75-78 dollars per barrel. On the technical side is putting pressure on the quotations strengthening U.S. dollar against the euro, with the continuation of this trend is likely to penetrate the support level of 75 U.S. dollars per barrel and falling to a mark of 74 U.S. dollars per barrel. Regarding fundamental factors today published a series of economic data on the EU and the U.S., which will contribute to the movement of oil prices. - today overlooking statistics on the real estate market will not play in favor of copper is expected to drop in sales of homes on the secondary market, but from a technical point of view of possible further growth but more moderate. Shares of domestic steel companies today would probably show restraint upward momentum. - July 22 euro will rise against the background of the negative on U.S. Leading Indicators (expected to decline from 0.4% to -0.3%) and the U.S. housing market. In the European session decline EU PMI Manufacturing locally weaken the euro. The British pound will strengthen against the growth of UK retail sales. 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 4.9 9.8 Buy +100 KAZKOMMERTSBANK KASE 372.0 728.3 Buy +96 KAZKOMMERTSBANK -PREF KASE 209.0 388.5 Buy +86 HALYK BANK-GDR LSE 8.0 10.5 Buy +31 HALYK BANK KASE 315.0 377.5 Buy +20 HALYK BANK -PREF (HSBKP) KASE 180.0 189.0 Hold +5 HALYK BANK -PREF1 (HSBKP1) KASE 171.0 189.0 Hold +10 BANK CENTER CREDIT KASE 520.0 1,531.0 Buy +194 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 19.1 30.1 Buy +58 KAZKMUNAIGAZ KASE 16,950.0 27,108.0 Buy +60 BMB MUNAI AMEX 0.55 2.54 Buy +362 -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,106.0 1,427.0 Buy +29 ENRC LSE 890.5 1,216.0 Buy +37 KAZAKHGOLD-GDR LSE 4.6 7.0 Buy +53 URANIUM ONE LSE 2.8 3.3 Buy +17 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 14,600.0 22,490.0 Buy +54 STEPPE CEMENT LSE 46.0 120.9 Buy +163 -------------------------------------------------------------------------- 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. [2010-07-22]