Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for July 27, 2010

/IRBIS, July 27, 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 27, 2010. According to the report, the company analysts expect today: - as soon as the stock market has a chance to continue its rally against the backdrop of increasing signs of economic improvement in the U.S. economy, as evidenced by corporate results and some macro-data. S & P500 index yesterday overcame a mark 200-day moving average line (1,112.3 points), closing at 1,115 points, which is a technical signal for further growth. The growth of "bull" attitude shows and other technical indicator, MACD, which so-called visible "Bullish divergence. Today, the situation on the stock market Bodo defines corporate results and macro-statistics. Today reported: steel producer US Steel, which serves an indicator of the economic situation in the U.S., Western Union and other wide range of issuers. There will also be available on these U.S. Consumer Confidence, an index of business activity in the district of Richmond, as well as real estate prices in the U.S.. By most indicators of expected negative dynamics. - proximity of Kazakh issuers representative list of quotations, except for KMG to parity with their quotations in London while leaving local investors without explicit guidance for further movement. Today, analysts of BTA Securities expect a more measured dynamic than in previous days. - now expected number of macroeconomic data for the U.S. is projected statistics will be negative, which could adversely affect all markets, including oil. In addition, today published forecasts of the American Petroleum Institute on U.S. stocks, most likely, API will point to growth, which can also pull the quote down. - today, after yesterday's quotes overcoming a three-month copper futures on the resistance level at $ 7100 per ton analysts of BTA Securities "does not exclude the probability of technical correction. Achievement quotes the ten copper peak gives more reason for speculation about overbought "red metal". - On 27 July the euro strengthened on the background of the negative on the consumer sector of the United States. The British pound will rise due to increased CBI Reported 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 365.0 728.3 Buy +100 KAZKOMMERTSBANK -PREF KASE 209.0 388.5 Buy +86 HALYK BANK-GDR LSE 8.2 10.5 Buy +29 HALYK BANK KASE 310.0 377.5 Buy +22 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 20.3 30.1 Buy +49 KAZKMUNAIGAZ KASE 17,200.0 27,108.0 Buy +58 BMB MUNAI AMEX 0.58 2.54 Buy +340 -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,203.0 1,427.0 Buy +19 ENRC LSE 921.0 1,216.0 Buy +32 KAZAKHGOLD-GDR LSE 4.9 7.0 Buy +44 URANIUM ONE LSE 2.7 3.3 Buy +23 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 14,900.0 22,490.0 Buy +51 STEPPE CEMENT LSE 45.5 120.9 Buy +166 -------------------------------------------------------------------------- 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. [2010-07-27]