Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for October 25, 2010

/IRBIS, October 25, 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 25, 2010. According to the report, analysts note that the premarket on world markets is composed as follows: - Today, the Asian stock market traded in positive territory, showing significant growth. Reason for optimism today was the outcome of the summit Big Twenty, which ended on October 23 in South Korea. Representatives of the leading countries have decided to refrain from measures of "competitive devaluation" of its currency and let the market set a fair rate of exchange, in order to ease investors' concerns that the country can start a currency war. Supports of the Asian indices have today corporate news too. - The euro/dollar today responds positively to the outcome of the summit, rising by 0.58% to reach above 1.40, which generally reflects the view of the market that the dollar should cost less in anticipation of a new wave of quantitative easing by the Fed. - Trading in commodity markets today are in a positive manner against the backdrop of a weakening dollar. Brent crude rises in price within 1%, gold increasing in price by 0.8%, and copper in Shanghai adds more than 2%. - European and U.S. investors today are likely to continue more actively buy stocks with a focus on the commodity sector, which will be the main beneficiary of the weakening dollar. - During the auction market statistics released by the U.S. real estate market and business activity in the districts of Dallas and Chicago. According to the BTA Securities, it will have limited impact on market dynamics, because significant changes are expected. Even if they will present surprises, this is unlikely to radically change the sentiment of investors on the topic of quantitative easing. - Corporate Block statements today will be poor. The greatest interest today will be a financial report Texas Instruments. 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 426.0 728.3 Buy +71 KAZKOMMERTSBANK -PREF KASE 215.0 388.5 Buy +81 HALYK BANK-GDR LSE 9.1 10.5 Buy +16 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 586.0 1,531.0 Buy +161 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 17.5 n/a Review n/a KAZKMUNAIGAZ KASE 15,700.0 n/a Review n/a BMB MUNAI AMEX 0.58 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,333.0 1,427.0 Hold +7 ENRC LSE 907.0 1,216.0 Buy +34 KAZAKHGOLD-GDR LSE 3.8 7.0 Buy +85 URANIUM ONE LSE 3.8 3.3 Hold -14 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 15,800.0 22,825.0 Buy +114 STEPPE CEMENT LSE 43.5 120.9 Buy +178 -------------------------------------------------------------------------- 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. [2010-10-25]