Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for August 19, 2010

/IRBIS, August 19, 2010/ -BTA Bank JSC subsidiary BTA Securities (BTA Securities, Almaty) has provided IRBIS with a survey of main events, Forecasts and Investment ideas for August 19, 2010. According to the report, the company analysts expect today: - trading in Europe today can begin on the positive territory. Optimism attached to going with a positive attitude trades in Asia, where growing technology sector, shares in the strong projections Applied Materials net profit. Provide support to the market and speculation that the Bank of Japan may increase corporate lending program from 20 to 30 trillion yen. In China, the growing share of commodity companies in the assumptions of the market that rising inflation will increase the cost of industrial and precious metals. In the American session comes the important statistics for the index of leading indicators, which are expected to grow by 0.1%. Since market is still sensitive to the macro-statistics, the data can determine the resulting market dynamics of the new light. - the expectations of BTA Securities, buyers now have opportunities to consolidate the results of yesterday with a more convincing dynamics on the day. The gradual withdrawal of investors in global areas from dark moods in connection with the prospects of world economy, be encouraged and participants of the Kazakhstan stock market. - from technical side, as analysts see BTA Securities at 75 dollars per barrel formed a fairly strong level of support that is needed to break a rather strong negative factors. In the upcoming auction, most likely, prices will again hold a little above this level. Regarding the external background, now expected next macro block to the U.S. and Europe, statistics promises to be different directions. Perhaps the quote will take a landmark on the stock market and a couple of euros/dollars. - in low intensity of background news exchange factor continues to play an important role in the movement of industrial metals quotations. As a result, investors are confused by the strengthening dollar, which traded in almost all commodities and metals show negative dynamics. In the course of the day yield positive data in the U.S. leading indicator and the Philadelphia Fed report regularly to the pulse of economic sentiment in the region, it is likely metals will expand trajectory of its dynamics. - Today, the euro will show further weakening in the background of the negative on U.S. Leading Indicators. The British pound will weaken against the background of monetary growth and the negative retail sales UK. 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 5.7 9.8 Buy +72 KAZKOMMERTSBANK KASE 400.0 728.3 Buy +82 KAZKOMMERTSBANK -PREF KASE 209.0 388.5 Buy +86 HALYK BANK-GDR LSE 9.1 10.5 Buy +16 HALYK BANK KASE 325.0 377.5 Buy +16 HALYK BANK -PREF (HSBKP) KASE 186.0 189.0 Hold +1 HALYK BANK -PREF1 (HSBKP1) KASE 171.0 189.0 Hold +10 BANK CENTER CREDIT KASE 535.0 1,531.0 Buy +186 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 19.5 30.1 Buy +55 KAZKMUNAIGAZ KASE 17,300.0 27,108.0 Buy +57 BMB MUNAI AMEX 0.53 2.54 Buy +379 -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,203.0 1,427.0 Buy +19 ENRC LSE 926.5 1,216.0 Buy +31 KAZAKHGOLD-GDR LSE 4.4 7.0 Buy +62 URANIUM ONE LSE 3.4 3.3 Hold -2 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 14,000.0 22,825.0 Buy +142 STEPPE CEMENT LSE 48.0 120.9 Buy +152 -------------------------------------------------------------------------- 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. [2010-08-19]