Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for October 26, 2010

/IRBIS, October 26, 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 26, 2010. According to the report, analysts note that the premarket on world markets is composed as follows: - Trigger reduction of quotations major indexes Asia are the local news. Japanese market in a few bad moods due to the strengthening of the national currency the yen against the U.S. dollar, which creates conditions for reducing the volume of exports to the United States. Shares of exporters falling in price. In China, news of the increase in state fuel prices had mixed reactions to the market, shares of oil refinery rising in price on the prospects for improvement in margins, while representatives of the tools in the consumer sector, in this connection, fall on the prospects of increasing costs. In general, the dynamics of descending on the main index restrained, which can be regarded as a correction in the absence of a new global ideas for growth. - The dollar strengthened today with restraint against the euro, speculation on the subject of quantitative easing, prevailing before, continue to exert pressure on the Americans. The euro/dollar is now trading at around 1.3960. - Trading in commodity markets today are in a restrained manner against a weakening dollar. Brent crude oil and gold traded at yesterday's close, and copper in Shanghai adds 0.3%. - European and U.S. investors today are likely to also refrain from taking action before the release of key statistics on the U.S. corporate results. On U.S. trading today will be available statistics on real estate prices on the S&P/Case&Shiller for August, the index of consumer confidence and business activity in the Richmond District in October. No significant changes, except in consumer confidence, economists forecast, will not happen. According to the BTA Securities, in the context of the topic of quantitative easing, the data will be interpreted by the market peak neutral. - In this regard, corporate results will play a decisive role in determining the future market movements. Today, investors will be available to a large block of records, among which we should highlight the publication of Ford Motor and US Steel. Some pressure on the market today can provide a report Texas Instruments. The company gave a weak forecast for EPS for 4 quarter, which led to a decrease in quotations of shares at 1% in electronic trading. 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 +68 KAZKOMMERTSBANK KASE 426.0 728.3 Buy +71 KAZKOMMERTSBANK -PREF KASE 215.0 388.5 Buy +81 HALYK BANK-GDR LSE 9.4 10.5 Hold +12 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 601.0 1,531.0 Buy +155 -------------------------- ----- -------- ------------ --------- --------- 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 0.61 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,380.0 1,427.0 Hold +3 ENRC LSE 925.5 1,216.0 Buy +31 KAZAKHGOLD-GDR LSE 3.8 7.0 Buy +85 URANIUM ONE LSE 4.0 3.3 Hold -18 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 15,760.0 22,825.0 Buy +115 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. [2010-10-26]