Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for October 7, 2010

/IRBIS, October 7, 2010/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for October 7, 2010. Analysts of IFH RESMI are paying attention to investors on the following important events in the markets now: - Petrobras have found oil in the course of exploration work on Tupi oil field, offshore field, located under the ocean floor, and is a sub-salt mine. Reserves of this field are estimated from 5 billion to 8 billion barrels. Petrobras will publish the commercial rationale of the project in December this year. Investment in Petrobras made: Sinopec, Repsol bought the share for $ 7.1 billion, and Morgan Stanley, bought the common and preferred shares for $ 3.1 billion Analysts of IFH RESMI give the following advice for investors in securities of issuers in Kazakhstan: -------------------------------------------------------------------------- Issuer Last price Predicted price* Up/down from Target RSI. Current price price** %*** ------------------ ---------- ---------------- ------------- ------- ----- Kazkommertsbak 415 796 91.8% 385 50.73 Halyk bank 320 409 27.8% 353 54.24 Bank Center Credit 551 1,218 121.1% 944 57.40 RD KMG 15,801 24,895 57.6% 23,555 43.92 Kazkhtelekom 15,700 33,842 115.6% 29,682 80.08 -------------------------------------------------------------------------- Fundamental evaluation IFH RESMI for 12 months (weekly review) ** Target according to the consensus forecast of analysts surveyed by Bloomberg *** Relative strength index - an indicator of technical analysis. determines strength of trend and likelihood of change. Overbought / oversold - when RSI indicator value is closer to 100% / 0%. - Cost of common shares Kazkommertsbank assessment IFD "RESMI" will cost no less than KZT796 per share by the end of 2010; - Halyk Savings Bank of Kazakhstan is estimated IFD "RESMI" as the most promising in terms of business development financial institution in Kazakhstan. Analysts see the growth of the bank's shares up to KZT409 per share; - Shares of Bank CenterCredit in the long term analysts IFD "RESMI" about the outlook for growth in securities of the bank to the level of 1.230 m.; - Stocks of Kazakhtelecom are looking most attractive for investment in the long term. Analysts IFD "RESMI" recommend buying simple shareholders of the issuer. - The updated target price of shares of JSC Exploration Production KMG is KZT24.895 per share. 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. [2010-10-07]