Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for November 1, 2010

/IRBIS, November 1, 2010/ -BTA Bank JSC subsidiary BTA Securities (BTA Securities, Almaty) has provided IRBIS with a survey of main events, Forecasts and Investment ideas for November 1, 2010. According to the report, analysts note that the premarket on world markets is composed as follows: - Trading in Asian markets today are in a very positive manner, after China's statistics on business activity in the industrial sector reaffirmed the stability of its growth. In October, PMI Manufacturing Index rose to 54.7 points, surpassing the previous value as well as economists' forecast at 53.8 points. Indexes Hang Seng and Shanghai Composite in morning trading grow by almost 2%. - The euro and the pound today strengthened against the dollar due to Chinese statistics, boosted investor demand for risky assets. Trade dollar in European trading today, is likely to be supported by the Chinese factor. In the U.S., adjustments in the market are going to enter data on the ISM Manufacturing, personal spending and income Americans. According to the BTA Securities, the positive figures to prop up the European currency, despite the presence of speculation about QE2. - The dynamics of commodity market corresponds to the course chosen by the stock market and currency. Futures for Brent crude currently increasing in price by 0.44% Copper in Shanghai rises in price by nearly 1%. - European stock market today is likely to open a substantial increase in the major indexes, with the support of shares of the commodity sector. The U.S. markets also respond positively to these Middle Kingdom, but my own statistics will also play an important role. Corporate unit reporting today limited to a few publications, among which we should highlight the report Corning. - Premarket today is positive for stocks of commodity companies of Kazakhstan, in particular, Kazakhmys and ENRC. 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 415.0 728.3 Buy +75 KAZKOMMERTSBANK -PREF KASE 215.0 388.5 Buy +81 HALYK BANK-GDR LSE 9.3 10.5 Hold +13 HALYK BANK KASE 325.0 377.5 Buy +16 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 595.0 1,531.0 Buy +157 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 17.2 n/a Review n/a KAZKMUNAIGAZ KASE 15,400.0 n/a Review n/a BMB MUNAI AMEX 0.79 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,316.0 1,427.0 Hold +8 ENRC LSE 870.5 1,216.0 Buy +40 KAZAKHGOLD-GDR LSE 4.0 7.0 Buy +76 URANIUM ONE LSE 4.2 3.3 Sell -21 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 15,700.0 33,825.0 Buy +115 STEPPE CEMENT LSE 41.5 120.9 Buy +191 -------------------------------------------------------------------------- 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. [2010-11-01]