Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for October 11, 2010

/IRBIS, October 11, 2010/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for October 11, 2010. Analysts of IFH RESMI are paying attention to investors on the following important events in the markets now: - Growth rate values of Three-Month Euribor. On Friday, October 8, recorded an increase in the European Interbank Offered Rate in Euro 0.007 per cent, according to the European Banking Federation. Rate reached 14-month high and consolidated at around 0.972 percent. This increase in the size of the value of money in the interbank lending shows lack of confidence on the part of the largest banks in relatively stable economies of the Euro zone. The recent decrease in the debt rating agency Fitch Ireland could also contribute to increasing rates of the three-month Euribor. Size Euribor is a barometer of the state banking system. If the rate increases, then it shows that banks are less willing to lend to each other. 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 445 796 78.9% 385 59.90 Halyk bank 320 409 27.8% 353 53.64 Bank Center Credit 559 1,218 117.9% 944 59.70 RD KMG 16,340 24,895 52.4% 23,666 53.58 Kazkhtelekom 15,850 33,842 113.5% 29,682 77.93 -------------------------------------------------------------------------- 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. [2010-10-11]