Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for October 18, 2010

/IRBIS, October 18, 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 18, 2010. According to the report, analysts note that the premarket on world markets is composed as follows: - In Asian trading session today consists in general negative background. Major indexes in the region, in addition to the Japanese market, falling after trading last week culminated in a substantial increase in stock markets in Asia, Europe and America. Indexes in Europe and the U.S. over the past five days have grown to 0.8-1%, while China by as much as 9%. - The euro/dollar today continues to move downward in the correction. Dollar support the speculation that the Fed will take more careful measures to support the economy. Also last week, the course was trading at the maximum elevation in June this year that cast doubt on the validity of the rally in the presence of problems in the Euro zone. - Prices for industrial metals and oil prices today, driven down by consolidating the dollar and weak fundamentals. Brent crude oil drops in price by nearly 1% and is trading at around $ 81 per barrel. Copper is cheaper in Asia, more than 1.5%. Factor of pressure for both Commodities appears weak statistics on reserves in the U.S. and China, respectively. - European and U.S. investors today will begin trading in negative territory amid growing fixed sentiment. Of course, the change in the trend is possible in case of new incentives for growth. Today, investors will be interested in U.S. statistics on industrial production, where growth is expected in September. Market dynamics will also affect corporate news. Today, throughout the trading day on the market issued a report Apple, Citigroup, Halliburton. - news background, according to BTA Securities, now negative for shares of Kazakhstan issuers commodity. 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 8.9 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 585.0 1,531.0 Buy +162 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 18.1 n/a Review n/a KAZKMUNAIGAZ KASE 16,150.0 n/a Review n/a BMB MUNAI AMEX 0.59 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,384.0 1,427.0 Hold +3 ENRC LSE 942.5 1,216.0 Buy +29 KAZAKHGOLD-GDR LSE 3.9 7.0 Buy +81 URANIUM ONE LSE 3.9 3.3 Hold -14 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 15,900.0 22,825.0 Buy +113 STEPPE CEMENT LSE 44.5 120.9 Buy +172 -------------------------------------------------------------------------- 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. [2010-10-18]