Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for September 29, 2010

/IRBIS, September 29, 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 29, 2010. According to the report, analysts note that the premarket on world markets is composed as follows: - Today, the Asian trading session, major indexes in the region show a positive trend in response to a positive close of trading in the U.S., which allowed a key indicator of the market to defend the achievements last week levels. By re-entered speculation about quantitative easing. The negative statistics on the U.S. consumer sector yesterday played a positive role, giving hope for new incentives. The idea picked up today and Asians, where the poor statistics of Japanese Tankan index of business sentiment gave reason to believe that the Bank of Japan will also mitigate the monetary policy. - Optimism market shares also added and encouraging statistics of China's industrial production. Index PMI Manufacturing China, which is calculated by the bank HSBC, revealed that in September of business activity in the industrial sector of this country has grown. The index rose to 52.9 from the 51.9 mark in August. State Statistics on China's PMI will be published as usual on the last day of the month. HSBC is a leading data. - Raw materials market is currently in a good mood. Oil prices rise in morning trading, after forecasts API for oil and petroleum products in the United States have shown their likely decline last week. Copper prices in Shanghai are growing after the U.S. dollar weakened against the euro, while copper stocks in London had fallen back to the very minimum since November last year level. - The European market is today in the morning, probably will show significant growth. Impact on the market will provide statistics on the region's business climate indicator, which are expected weak figures for September. - The U.S. market will be dominated by statistics of China, and news from the Euro zone. Meaningful statistics on the U.S. on this day will not, except for data on stocks of petroleum and petroleum products from the DOE. 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 6.0 9.8 Buy +63 KAZKOMMERTSBANK KASE 420.0 728.3 Buy +73 KAZKOMMERTSBANK -PREF KASE 220.0 388.5 Buy +77 HALYK BANK-GDR LSE 8.4 10.5 Buy +25 HALYK BANK KASE 307.1 377.5 Buy +23 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 526.0 1,531.0 Buy +191 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 17.6 30.1 Buy +71 KAZKMUNAIGAZ KASE 16,000.0 27,108.0 Buy +69 BMB MUNAI AMEX 0.58 2.54 Buy +338 -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,460.0 1,427.0 Hold -2 ENRC LSE 900.5 1,216.0 Buy +35 KAZAKHGOLD-GDR LSE 3.9 7.0 Buy +81 URANIUM ONE LSE 3.4 3.3 Hold -2 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 15,200.0 22,825.0 Buy +123 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. [2010-09-29]