Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for September 13, 2010

/IRBIS, September 13, 2010/ -BTA Bank JSC subsidiary BTA Securities (BTA Securities, Almaty) has provided IRBIS with a survey of main events, Forecasts and Investment ideas for September 13, 2010. According to the report, the company analysts expect today: - In Asian trading session the market develops positive news background, accompanied by a significant increase in the basic indexes in the region. - Reason for optimism given the economic news from the U.S. and China. Last Friday, the U.S. stock exchanges have completed the day of growth thanks to strong U.S. data on the dynamics of wholesale stocks, indicating a growing consumer demand in the country. About the same, but in China, saying the country's data on industrial production, inflation, retail sales for August. In this month's production in the Middle Kingdom has increased by 13.9% in annual comparison, well above economists' expectations at 13%. Inflation in the country amounted to 3.5%, which is at the level of market forecasts, but higher than the previous month. Retail sales in August rose by 18.4% compared to the same period last year, which also exceed the forecast of the market, at 0.4 percentage points. - At this time the commodity markets are quite adequately respond to macro statistics. Copper prices in Shanghai are growing by more than 1%, while oil prices are leading brands add at least half per cent. - European currencies this morning significantly strengthen the position relative to the dollar by increasing demand for risky assets. Euro adds almost 1%, the British pound - less than 0.5%. - The European and U.S. trading today, is not expected to meaningful statistics on the euro area and the U.S., so it is likely that the market will largely win back news of the second-largest economy in the world. 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 +73 KAZKOMMERTSBANK KASE 407.0 728.3 Buy +79 KAZKOMMERTSBANK -PREF KASE 242.0 388.5 Buy +61 HALYK BANK-GDR LSE 8.4 10.5 Buy +25 HALYK BANK KASE 303.0 377.5 Buy +25 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 17.8 30.1 Buy +69 KAZKMUNAIGAZ KASE 16,000.0 27,108.0 Buy +69 BMB MUNAI AMEX 0.59 2.54 Buy +331 -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,285.0 1,427.0 Hold +11 ENRC LSE 839.5 1,216.0 Buy +45 KAZAKHGOLD-GDR LSE 4.0 7.0 Buy +76 URANIUM ONE LSE 3.5 3.3 Hold -4 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 14,200.0 22,825.0 Buy +138 STEPPE CEMENT LSE 48.5 120.9 Buy +149 -------------------------------------------------------------------------- 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. [2010-09-13]