Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for September 17, 2010

/IRBIS, September 17, 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 17, 2010. According to the report, analysts note that the premarket on world markets is composed as follows: - Today, the Asian trading session, market situation develops in a moderately positive. Japanese stock market is growing at weakening the yen, while the Hang Seng index growth is supported by the positive reports of companies Research in Motion and Oracle. - Commodity market today shows a positive trend. Copper prices in Shanghai are growing by more than 1% in response to speculations investors that the Fed's actions to support the U.S. economy will support demand for the metal in this country, the second largest consumer of copper. Oil prices in early trading growing at a moderate pace. - European currencies this morning, strengthened against the dollar on expectations of positive data on the German producer price index coming out today, and improving consumer confidence in the U.S. that can show today, issuing statistics on an index of the University of Michigan. The euro/dollar rises to 0.17% and kept at around 1.31, which is also a positive effect on commodity markets. - In the U.S. session today will be available as the U.S. data for August consumer price index, which, if positive will also support the speculation about conservation incentives. - The question of whether the S & P500 to overcome local maxima at 1,125- 1,130 points is still valid. Probably the theme conservation incentives and the situation in the consumer sector today will prevail. In the event of favorable statistics, possible marked increase quotations major indexes. 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 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 315.0 377.5 Buy +20 HALYK BANK -PREF (HSBKP) KASE 185.2 189.0 Hold +2 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 17.2 30.1 Buy +76 KAZKMUNAIGAZ KASE 15,500.0 27,108.0 Buy +75 BMB MUNAI AMEX 0.60 2.54 Buy +327 -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,365.0 1,427.0 Hold +5 ENRC LSE 898.0 1,216.0 Buy +35 KAZAKHGOLD-GDR LSE 4.0 7.0 Buy +76 URANIUM ONE LSE 3.4 3.3 Hold -2 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 14,800.0 22,825.0 Buy +129 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. [2010-09-17]