Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for August 31, 2010

/IRBIS, August 31, 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 31, 2010. According to the report, the company analysts expect today: - Before the opening of trading in Europe, the situation on the stock market develops in a negative way. The U.S. market closed lower yesterday, the major indexes more than 1% after the personal income of Americans in July lost a positive trend on continued growth in personal spending, putting thus called into question the sustainability of their growth. - Asian markets, picking up the negative, falling dramatically. A significant decline is observed in Japan, where the market prevail fears that the measures announced yesterday by the Central Bank and the prime minister will not be able to stop the strengthening of the yen and accelerate economic growth. - Commodities markets are under pressure from the economic fears of today are reduced. Copper in Shanghai cheaper by more than 0.5% of American oil of mark WTI drops in price by nearly 1%. Pressure on the oil quotations have and negative expectations for the API data on stocks, emerging today. - European currencies continue to weaken against the dollar on the decreased appetite of investors for risk. Yesterday, the euro and the pound fell to 0.78% and 0.43% respectively. - Trading in Europe today, will likely take place in a moderately negative zone. Dynamics of the U.S. market, as well as continued market dynamics of the old world, will be determined by statistics on the U.S. economy. Today will be available: the data on the dynamics of property prices on the S&P/Case&Shiller, an index of business activity of the Chicago Purchasing Manager, index of consumer confidence from the Agency Conference Board. Forecasts for indicators have been mixed. 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 5.1 9.8 Buy +92 KAZKOMMERTSBANK KASE 388.0 728.3 Buy +88 KAZKOMMERTSBANK -PREF KASE 242.0 388.5 Buy +61 HALYK BANK-GDR LSE 8.9 10.5 Buy +19 HALYK BANK KASE 315.0 377.5 Buy +20 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 530.0 1,531.0 Buy +189 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 18.0 30.1 Buy +67 KAZKMUNAIGAZ KASE 16,000.0 27,108.0 Buy +69 BMB MUNAI AMEX 0.59 2.54 Buy +331 -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,138.0 1,427.0 Buy +25 ENRC LSE 856.5 1,216.0 Buy +42 KAZAKHGOLD-GDR LSE 4.1 7.0 Buy +72 URANIUM ONE LSE 3.5 3.3 Hold -6 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 14,200.0 22,825.0 Buy +138 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. [2010-08-31]