Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for October 18, 2010

/IRBIS, October 18, 2010/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for October 18, 2010. Analysts of IFH RESMI give attention to the following to the important events in the markets: - Rosneft buys 50% stake in the refinery in Germany. Russia's Rosneft [ROSN LI] buy a US $1.6 billion share of Venezuela's Petroleos de Venezuela SA (PDVSA) to 50% in the four refineries in the Ruhr in Germany. The combined capacities of these refineries are about 1.04 million barrels per day, and they are the largest refining assets in Europe, Venezuela. Another owner of a 50% stake is BP [BP LN]. Analysts of IFD "RESMI" believe that this fact is a positive for Rosneft as it allows her through different spot/cross delivery to supply the European market, manufactured goods, petroleum products. 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 439 796 81.3% 385 57.56 Halyk bank 330 409 23.9% 353 57.47 Bank Center Credit 585 1,218 108.2% 1,039 63.80 RD KMG 16,150 24,895 54.1% 23,584 50.21 Kazkhtelekom 15,900 33,842 112.8% 29,682 71.70 -------------------------------------------------------------------------- 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. [2010-10-18]