Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for September 2, 2010

/IRBIS, September 2, 2010/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for September 2, 2010. Analysts of IFH RESMI are paying attention to investors on the following important events in the markets now: - Increased storage facilities in Cushing. Magellan Midstream Partners, the U.S. pipeline and Logistics Company, today announced the doubling of the volume of construction of oil tanks in Cushing, Oklahoma, by the end of 2011. Cushing is the center of oil supplies in the U.S., and joins Texas and East Coast pipelines that allow you to accumulate oil in the oil hub of Cushing before shipment of oil to the consumer. Magellan Midstream Partners, originally planned to build storage tanks with a total of 2 million barrels, but then decided to build additional reserves amount to 2.25 million barrels. Oil storage tanks in Cushing in high demand this year, and was almost filled by "neck", due to the increased flow of oil from Canada to the United States, in view of this, the U.S. commercial stocks this year are at 20-year maximum. - Burger King Holdings Inc is looking for buyers. The second-largest U.S. fast-food chain Burger King summed up McDonald's Corp and other networks of fast-food. At the close on Tuesday, shares of Burger King since the beginning of the year to date showed a loss of 13%, while shares of McDonald's Corp rose 17% over the same period. A potential buyer of the company is investment firm 3G Capital. The company's capitalization is 2.3 billion U.S. dollars. According to Burger King, selling the company - a great opportunity for shareholders to reduce losses. It is expected that the oscillatory trend of the company's shares will continue. For example, Burger King Shares fell to 16.30 dollars in mid-August, but rose to 19.50 U.S. dollars for pre-sale auction on Wednesday. Sam Burger King last week predicted a weak demand in the new fiscal year, citing the decline in the U.S. economy. The company said that it was not sure how the cost of buying the basic ingredients will affect its performance. We also know that the British company of private investment 3I Group Plc pulled away from the purchase of Burger King, without commenting on his decision. - Threats to raise the level of inflation are not observed. According to the Agency on Statistics of Kazakhstan, inflation in Kazakhstan in August 2010 has not changed. Prices for food products and paid services for the past month declined by 0.1%, non-food products - grew by 0.4%. The annual inflation rate (August 2010 to August 2009) amounted to 6.5%, while food prices grew by 5.8%, non - on 5.7%, paid services - by 8.3%. We believe that a moderate increase in inflation will continue in the short term. We expect a small increase only due to seasonal factors, in December. By the end of 2010 inflation was at the level established by National Bank of Kazakhstan in the range of 6-8%. Analysts of IFH RESMI give the following advice for investors in securities of issuers in Kazakhstan: -------------------------------------------------------------------------- Issuer Last price Predicted price* Up/down from Target RSI. Current price price** %*** ------------------ ---------- ---------------- ------------- ------- ----- Kazkommertsbak 385 796 106.8% 416 44.21 Halyk bank 315 409 29.8% 362 48.82 Bank Center Credit 530 1,218 129.8% 899 45.71 ENRC 1,940 On review 2,688 41.61 Kazakhmys 2,560 On review 3,219 43.10 RD KMG 15,600 24,895 59.6% 23,511 30.17 Kazkhtelekom 14,300 33,842 136.7% 23,971 49.10 -------------------------------------------------------------------------- Fundamental evaluation IFH RESMI for 12 months (weekly review) ** Target according to the consensus forecast of analysts surveyed by Bloomberg *** Relative strength index - an indicator of technical analysis. determines strength of trend and likelihood of change. Overbought / oversold - when RSI indicator value is closer to 100% / 0%. - Cost of common shares Kazkommertsbank assessment IFD "RESMI" will cost no less than KZT796 per share by the end of 2010; - Halyk Savings Bank of Kazakhstan is estimated IFD "RESMI" as the most promising in terms of business development financial institution in Kazakhstan. Analysts see the growth of the bank's shares up to KZT409 per share; - Shares of Bank CenterCredit in the long term analysts IFD "RESMI" about the outlook for growth in securities of the bank to the level of 1.230 m.; - Stocks of Kazakhtelecom are looking most attractive for investment in the long term. Analysts IFD "RESMI" recommend buying simple shareholders of the issuer. - The updated target price of shares of JSC Exploration Production KMG is KZT24.895 per share. 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. [2010-09-02]