Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for October 25, 2010

/IRBIS, October 25, 2010/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for October 25, 2010. Analysts of IFH RESMI give attention to the following to the important events in the markets: - KMG discovered oil exploration block Lyman. Oil deposits were discovered in the vicinity of developing an "EMG" field Novobogatinsk South-East, situated 70 km west of Atyrau. Inflow of oil in the first exploratory well at a depth of 1200 meters, and reached 151 bbl / day. The company is currently conducting 3D seismic block in an area of 300 square meters. Analysts IFD "RESMI" believe that the discovery of oil KMG on current exploration blocks is certainly a positive factor for the company. Expenditures KMG Exploration relatively small for a company this size and the company are very cautious exploration of new deposits and increase reserves, but the result is. IFD "RESMI" awaiting the results of 3D seismic and declared stockpile at the field Liman. - Corporate Office properties Trust acquired the property from the Capitol building in Washington. Corporate Office properties Trust (NYSE: OFC) - U.S. REIT, specializing in commercial real estate. Corporate Office Properties Trust has acquired two office buildings (Marytime Plaza I and II) in the Riverfront Sapitol in Washington. The buildings were built and put into operation in 2001 and 2003, respectively. Total area of acquired buildings was 33.8 thousand square meters. The share of leased area is 100%. At the moment, more than 50% of the area leased by such major organizations as the Computer Sciences Corporation, General Dynamics and SAIC. The purchase price was 119 million dollars and included a mortgage loan of 70.1 million U.S. dollars with a fixed rate of 5.35%. Maturity of the loan expires in March 2014. This acquisition is the key to the COPT, since this is the first acquisition of real estate in strategically important area of the Capitol. COPT (OFC) acquires office properties adjacent to public institutions. This is explained by the high concentration of business activity in the location of U.S. government agencies. At the end of June 2010 the company's portfolio included 267 office buildings with a total area of 20.6 million square feet, or 1.92 million square meters. 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 426 796 86.9% 385 52.07 Halyk bank 330 409 23.9% 276 56.48 Bank Center Credit 586 1,218 107.8% 1,039 56.19 RD KMG 15,700 24,895 58.6% 23,588 41.83 Kazkhtelekom 15,800 33,842 114.2% 29,682 59.74 -------------------------------------------------------------------------- * 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. [2010-10-25]