Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for October 8, 2010

/IRBIS, October 8, 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 8, 2010. According to the report, analysts note that the premarket on world markets is composed as follows: - Today, the Asian trading session demonstrates a restrained dynamics of the major indexes. Exerts pressure on the market shares decline of raw materials and weak financial results for a number of leading companies in the Asian market. - The Chinese market is growing after a long weekend, playing the events of recent days, as well as news that Moody's Ratings Services has put on the revision of sovereign ratings of China with an opportunity to improve. - Asians are poorly responsive to a good start corporate reporting season. After the close of trading in the U.S. reported well-largest aluminum producer Alcoa, earnings per share of which in the third quarter was 9 cents, exceeding analysts' expectations by 61%. The company's shares in electronic trading grow by 3%. Futures on major U.S. indices are added 0.15-0.2%. - The euro/dollar is now declining rapidly reduced in anticipation of release of key statistics of the U.S. labor market. Exert pressure on the exchange rate and yesterday's statements by the ECB on the need for a strong dollar. - Prices for industrial metals and oil are growing today after a significant decline the previous day. Brent crude rises in price by 0.5% and is trading above $ 83 a barrel. Copper in Shanghai rises in price by more than 1.5%. - European investors today are likely to be cautious before the release of statistics on the U.S. labor market. Although the drivers for growth are in the form of good corporate reporting, macro-statistics amid fears about the prospects for economic recovery of the leading countries is still more important. The more so because now is the need for new incentives for the economy. - In this regard, today's statistics of the U.S. labor market may have an unusual influence on the further dynamics of U.S. and European markets. Negative, will likely support the speculation of quantitative easing and weaken the dollar, which will lead to an increase in raw material costs and market shares. Positive lead to further lock in profits. - news background, according to BTA Securities, today, is neutral to the Kazakh market shares. Activity on the KASE today may fall in anticipation of the reaction of global markets at the statistics from the U.S. 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 6.1 9.8 Buy +62 KAZKOMMERTSBANK KASE 415.0 728.3 Buy +75 KAZKOMMERTSBANK -PREF KASE 220.0 388.5 Buy +77 HALYK BANK-GDR LSE 8.5 10.5 Buy +24 HALYK BANK KASE 324.5 377.5 Buy +16 HALYK BANK -PREF (HSBKP) KASE 185.2 189.0 Hold +2 HALYK BANK -PREF1 (HSBKP1) KASE 175.0 189.0 Hold +8 BANK CENTER CREDIT KASE 543.0 1,531.0 Buy +182 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 17.7 n/a Review n/a KAZKMUNAIGAZ KASE 15,800.0 n/a Review n/a BMB MUNAI AMEX 0.61 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,400.0 1,427.0 Hold +2 ENRC LSE 908.0 1,216.0 Buy +34 KAZAKHGOLD-GDR LSE 3.9 7.0 Buy +81 URANIUM ONE LSE 3.6 3.3 Hold -7 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 15,950.0 22,825.0 Buy +112 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. [2010-10-08]