Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for October 1, 2010

/IRBIS, October 1, 2010/ -BTA Bank JSC subsidiary BTA Securities (BTA Securities, Almaty) has provided IRBIS with a survey of main events, Forecasts and Investment ideas for October 1, 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 as a whole shows a positive trend, despite the negative outcome of yesterday's trading in the U.S.. Market support economic news from China and Japan. In China today published statistics on the country's business activity in the industrial sector. Barometer PMI Manufacturing in September rose to 53.8 points from 51.7 a month earlier, signaled, thus stabilizing the production, despite the government's measures to curb speculation in real estate. Index PMI Manufacturing China, which is calculated by the bank HSBC, yesterday also showed an increase in business activity in September, but state statistics reflect the higher growth rates had a positive for the stock market. - Japanese statistics today showed the reduction of unemployment in the country in August to 5.1% from 5.2% and employment growth. Japan's stock market is growing by almost 1%. - Raw materials market is currently in a good mood. Oil prices of both brands traded above $ 80 a barrel. With futures for WTI crude oil has already reached $ 82 a barrel. Investors positively appraise yesterday the U.S. data on GDP and the number of initial claims for unemployment benefits was higher than economists' forecasts and statistics on China. - The European market is today in the morning, probably will show a significant increase in support for shares of commodity companies, news background for growth are favorable today. - The U.S. market will be dominated by statistics, China and the emerging data on the U.S. today. The key will be data on personal income and spending, the index of consumer confidence and business activity in the industrial field. 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 +59 KAZKOMMERTSBANK KASE 445.0 728.3 Buy +64 KAZKOMMERTSBANK -PREF KASE 220.0 388.5 Buy +77 HALYK BANK-GDR LSE 8.6 10.5 Buy +22 HALYK BANK KASE 319.0 377.5 Buy +18 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 17.7 n/a Review n/a KAZKMUNAIGAZ KASE 15,825.0 n/a Review n/a BMB MUNAI AMEX 0.58 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,452.0 1,427.0 Hold -2 ENRC LSE 918.5 1,216.0 Buy +32 KAZAKHGOLD-GDR LSE 4.0 7.0 Buy +76 URANIUM ONE LSE 3.5 3.3 Hold -5 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 15,401.0 22,825.0 Buy +120 STEPPE CEMENT LSE 46.5 120.9 Buy +160 -------------------------------------------------------------------------- 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. [2010-10-01]