Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for July 29, 2010

/IRBIS, July 29, 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 29, 2010. According to the report, the company analysts expect today: - Today the situation on the stock market is unlikely to change radically in a positive direction and a further moderate decline or sideways trend looks more likely trend. Apparently, investors decided to wait for the most important statistics of the quarter, U.S. data on GDP growth during the second quarter, which will be published tomorrow. Drivers for growth today, most likely, the market also does not see it. Corporate results are overshadowed by the more serious reports that companies are not expected. Interest is likely to represent only the results of the company Motorola. U.S. data on unemployment, in particular, the number of initial applications for unemployment benefits, are unlikely to change the situation on the market, unless you show an impressive decline, which is hardly possible in the current economic conditions. Economists expect only a slight decline to 460 thousand last week with 464 thousand a week earlier. - Today analysts of BTA Securities do not see conditions for sharp movements in the Kazakhstan market. Reducing quotations of raw today may continue in a more moderate manner, but the significance of local premium quotations KMG to foreign makes possible their sale at KASE. Support the market can separate ideas, if yesterday's growth stocks will be perceived by investors BCC positive. The idea for the growth of the issuer's shares is one - is fundamentally a low score market compared to the closest analogues. - Today expected big macroeconomic block on EU countries, the results of which will press for a couple of euros/dollars, respectively, and oil quotations. As expectations of statistics will be in different directions, and remains a question, than will focus the players. From a technical point of view, quotes, approached the level of 76 dollars per barrel, which is one of the levels of support in the event of negative data is likely test grades in the $ 75 per barrel. - data on orders for durable goods unexpectedly fallen sharply in June at 1% instead of the expected growth will not be able to throw no reason to doubt the stability of the rate of recovery of the world's largest economy. In such conditions can not be excluded transition quotations industrial metals until the publication Friday of data on U.S. GDP. - July 29 euro strengthened against the positives of Economic Confidence EU. The British pound weakened against the will of the negative by GfK Consumer Confidence Survey of Great Britain. 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 5.0 9.8 Buy +98 KAZKOMMERTSBANK KASE 380.0 728.3 Buy +92 KAZKOMMERTSBANK -PREF KASE 209.0 388.5 Buy +86 HALYK BANK-GDR LSE 8.2 10.5 Buy +28 HALYK BANK KASE 302.0 377.5 Buy +25 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 575.0 1,531.0 Buy +166 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 20.4 30.1 Buy +48 KAZKMUNAIGAZ KASE 18,495.0 27,108.0 Buy +47 BMB MUNAI AMEX 0.58 2.54 Buy +341 -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,197.0 1,427.0 Buy +19 ENRC LSE 911.0 1,216.0 Buy +33 KAZAKHGOLD-GDR LSE 4.4 7.0 Buy +59 URANIUM ONE LSE 2.9 3.3 Hold +15 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 14,799.0 22,490.0 Buy +52 STEPPE CEMENT LSE 47.5 120.9 Buy +155 -------------------------------------------------------------------------- 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. [2010-07-29]