Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for September 21, 2010

/IRBIS, September 21, 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 21, 2010. According to the report, analysts note that the premarket on world markets is composed as follows: - Investors in Asia, with the exception of the Japanese archipelago, took the baton from their Western counterparts, and to date the growth of Hang Seng index contribute to strong data on orders for goods exported from Taiwan and positive corporate reports of U.S. construction sector. - For commodities is not quite well Asian session until the sum, despite the weakening U.S. dollar. Moderate positive expected today from the statistics on the construction sector of the U.S., perhaps in the course of the day straighten quotation dynamics of copper and other base metals. This is supported by and planned for today's meeting FOMC, which, although it does not promise to change the level of the base rate, but it is possible to submit further plans for additional measures of quantitative easing. Catalyst for trading oil products must be API report on oil reserves and oil in the U.S.. - In early trading the U.S. dollar weakening against the show of the Euro and British pound. Their growth to the dollar at the moment is an average of 0.2%. - Tuesday, Sept. 21 euro will strengthen a decision by the Fed rates unchanged. The British pound strengthened on the correlation with the euro. - The question of whether the S & P500, overcame a local maximum at around 1,125 points, a foothold for further upward movement is still relevant. Probably the theme conservation incentives and the situation in the consumer sector will prevail at the beginning of the week 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 5.5 9.8 Buy +78 KAZKOMMERTSBANK KASE 405.0 728.3 Buy +80 KAZKOMMERTSBANK -PREF KASE - 388.5 - - HALYK BANK-GDR LSE 8.2 10.5 Buy +28 HALYK BANK KASE 303.5 377.5 Buy +24 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 537.0 1,531.0 Buy +185 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 17.5 30.1 Buy +72 KAZKMUNAIGAZ KASE 15,300.0 27,108.0 Buy +77 BMB MUNAI AMEX 0.58 2.54 Buy +338 -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,402.0 1,427.0 Hold +2 ENRC LSE 914.5 1,216.0 Buy +33 KAZAKHGOLD-GDR LSE 4.0 7.0 Buy +76 URANIUM ONE LSE 3.2 3.3 Hold +5 -------------------------- ----- -------- ------------ --------- --------- 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. [2010-09-21]