Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for September 30, 2010

/IRBIS, September 30, 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 30, 2010. According to the report, analysts note that the premarket on world markets is composed as follows: - Asian stock markets show solidarity with Western markets have closed yesterday in negative territory. Markets decline before leaving the U.S. statistics on unemployment, while not giving cause for optimism, and an index of business activity in the district of Chicago. - The negative tone of trading in the commodity markets gives the expected decline in Chicago Purchasing Manager with 56.7 points in August to 55.5 in September. Commodity futures are traded in the "red zone", which is also natural, after such a significant increase on the previous days - players' record profits. Exerts pressure and strengthening the U.S. dollar. - The European market is today in the morning will be reduced. Adjustments to the dynamics of the Federal Republic of Germany will make the data on unemployment, which is expected to improve in the month of September. - The U.S. market will now win back the European statistics and data on the U.S. economy. Perhaps some impact on the market will have time to statistics of China's PMI Manufacturing. Judging by yesterday's market dynamics, investors ignored a positive signal to the data on PMI, calculated by the HSBC bank, deciding to wait for State Statistics, which is expected to be positive. 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 6.2 9.8 Buy +58 KAZKOMMERTSBANK KASE 430.0 728.3 Buy +69 KAZKOMMERTSBANK -PREF KASE 220.0 388.5 Buy +77 HALYK BANK-GDR LSE 8.5 10.5 Buy +23 HALYK BANK KASE 310.0 377.5 Buy +22 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 531.0 1,531.0 Buy +188 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 17.7 n/a Review n/a KAZKMUNAIGAZ KASE 15,900.0 n/a Review n/a BMB MUNAI AMEX 0.56 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,457.0 1,427.0 Hold -2 ENRC LSE 904.0 1,216.0 Buy +35 KAZAKHGOLD-GDR LSE 4.0 7.0 Buy +76 URANIUM ONE LSE 3.5 3.3 Hold -5 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 15,201.0 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. [2010-09-30]