Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for August 20, 2010

/IRBIS, August 20, 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 20, 2010. According to the report, the company analysts expect today: - today is absolutely no release of economic data on the major economies of the world. Players face a lack of ideas. Rather, investors will focus on any corporate news, and will close positions before the weekend. - Kazakh market may also be less active against the absence of external factors, besides the last working day of the week never characterized by high trading volumes. Most likely, KASE index on the basis of today's trading will be closed with a slight disadvantage. - after the penetration level of support at 75 dollars per barrel, open a new corridor of movement of oil quotations, which is in the range 74.5- 72.5 dollars per barrel. Perhaps now, prices will try to test the levels 73.8-74.0 dollars per barrel. Against the "bulls" is now playing as a technique and fundamentals. - Index of industrial activity from the Philadelphia Fed, which is a good indicator of the entire American economy, has made a significant share of the negative mood of investors. Today the market is unlikely to be able to recover from such a state, resulting in a one day descendants in the market dynamics of metals. - Aug. 20 show further weakening of the euro against the backdrop of speculation about the weakness of the U.S. economy. British pound weaken on correlation with the euro. 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 5.6 9.8 Buy +75 KAZKOMMERTSBANK KASE 400.0 728.3 Buy +82 KAZKOMMERTSBANK -PREF KASE 209.0 388.5 Buy +86 HALYK BANK-GDR LSE 9.2 10.5 Buy +14 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 532.0 1,531.0 Buy +188 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 19.5 30.1 Buy +55 KAZKMUNAIGAZ KASE 17,400.0 27,108.0 Buy +56 BMB MUNAI AMEX 0.53 2.54 Buy +378 -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,188.0 1,427.0 Buy +20 ENRC LSE 886.0 1,216.0 Buy +37 KAZAKHGOLD-GDR LSE 4.4 7.0 Buy +60 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. [2010-08-20]