Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for October 15, 2010

/IRBIS, October 15, 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 15, 2010. According to the report, analysts note that the premarket on world markets is composed as follows: - Yesterday's report by the U.S. Labor primary applications for unemployment benefits while providing a sobering effect on the Asian session, demanding greater attention to the risks of further weakening the American economy. Additional burden on this background are the doubts about the adequacy of the scope and effectiveness of the expected market measures of quantitative easing. Resistance while showing only quotes China's largest lending institutions, which is forecast Citigroup Inc. be able to show confident growth of profits in the third quarter. - After yesterday approximation to the level of 1.41, the euro/dollar at the moment has deployed its path toward the mark of 1.4 and decreased by 0.3%. Pair Pound/dollar continues until yesterday to keep the position with a slight margin on the side of the British pound. - Among the commodities at the moment there is a change of leaders. Having grown up yesterday in the market price industrial metals show a decrease of strengthening in the dollar, while the quotations of "black gold" while holding in positive territory. - The opening of trading on European markets can pass in a negative way on the revision of the attitude of investors to the expected stimulus from the Fed and the establishment of fixed sentiment among some of the investors. In the course of the day adjustments in the market dynamics could make macroeconomic data from the U.S.. - Of the corporations reporting today a lot of attention of investors themselves will take General Electric, whose financial health is a fairly reliable indicator of the U.S. economy. - The current mood in the market today and expected data from the state and public sector while the U.S. can be judged in favor of increased volatility in trading with a bias toward the negative. 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 5.9 9.8 Buy +66 KAZKOMMERTSBANK KASE 439.0 728.3 Buy +66 KAZKOMMERTSBANK -PREF KASE 220.0 388.5 Buy +77 HALYK BANK-GDR LSE 8.8 10.5 Buy +19 HALYK BANK KASE 330.0 377.5 Buy +14 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 582.0 1,531.0 Buy +163 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 18.0 n/a Review n/a KAZKMUNAIGAZ KASE 16,230.0 n/a Review n/a BMB MUNAI AMEX 0.59 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,417.0 1,427.0 Hold +1 ENRC LSE 941.0 1,216.0 Buy +29 KAZAKHGOLD-GDR LSE 4.1 7.0 Buy +72 URANIUM ONE LSE 3.8 3.3 Hold -14 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 15,903.0 22,825.0 Buy +113 STEPPE CEMENT LSE 45.0 120.9 Buy +169 -------------------------------------------------------------------------- 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. [2010-10-15]