Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for October 27, 2010

/IRBIS, October 27, 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 27, 2010. According to the report, analysts note that the premarket on world markets is composed as follows: - Trends in Asian markets today are not encouraging. Quotations of the major indices as a whole reduced the pressure of shares of mining companies amid falling prices for industrial metals. Positive dynamics shows only the Japanese market due to weakening of the yen against the dollar, shares of exporters rise. - The dollar, after yesterday's rally against the euro continues to strengthen. The market opened speculation about quantitative easing, in a very interesting track, assuming that the QE2 could revive the American economy, which in turn will benefit the dollar. The euro/dollar is now trading at around 1.380, falling nearly 0.4% compared to yesterday's close. According to the BTA Securities, new speculation that strengthen the dollar, are short-lived, and most likely dictated by the uncertainty of investors in dollar sales without the need to get a clear picture on incentives from the FOMC. - Trading in commodity markets today are in a negative way against the backdrop of the impressive strengthening of the dollar. Brent crude oil drops in price within 0.5% and traded at $ 83. Pressure on quotes provided to strengthen the dollar, and rising inventories of crude oil in the U.S. 6.43 million barrels. According to the forecast API. Gold is now cheaper within 0.4% and copper in Shanghai - within 0.7%. Decline in copper prices, except as reinforcing the dollar, and due to caution investors against buying after the price of the red metal has recently updated the highs of the last two years. - European and U.S. investors today are likely to refrain from taking action. Under the pressure would be shares of raw due to lower prices for industrial metals and oil. Evening U.S. statistics on orders of durable goods and new home sales for September, by which expected positive developments can support the dollar and lead to a deeper decrease in commodity prices and stocks, unless there will be unpleasant surprises. - Corporate results today will also affect the market. Investors will be available to a large block of records, among which we should highlight the publication of Procter & Gamble, Office Depot, Conocophilips. - 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 420.0 728.3 Buy +73 KAZKOMMERTSBANK -PREF KASE 215.0 388.5 Buy +81 HALYK BANK-GDR LSE 9.2 10.5 Hold +15 HALYK BANK KASE 335.0 377.5 Buy +13 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 600.0 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 1,391.0 1,427.0 Hold +3 ENRC LSE 906.0 1,216.0 Buy +34 KAZAKHGOLD-GDR LSE 3.8 7.0 Buy +85 URANIUM ONE LSE 4.1 3.3 Sell -19 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: ------------------------------------------------------------------------------- KAZAKTELECOM KASE 15,780.0 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. [2010-10-27]