Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for November 2, 2010

/IRBIS, November 2, 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 2, 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 restrained manner before the meeting FOMC. The Japanese market today, declining rapidly to strengthen the weak yen and lower shares of leading exporters of the country. The Chinese market, by contrast, is growing at a moderate pace after speculation of quantitative easing and growth, in connection with this, inflation expectations led up shares of commodity producers. Inhibit the growth of fears of further monetary tightening in China against the backdrop of rising inflation and prices in the market. Indexes Hang Seng and Shanghai Composite rising in morning trading on 0.01-0.25%. - The euro/dollar is now down to 0.4%, investors apparently decided to be careful in anticipation of starting today's session of FOMC, which will address issues of QE2. At the moment the market has uncertainty regarding the amount of mitigation. The consensus forecast of economists said the possibility of making repurchase program at $ 500 billion - The dynamics of commodity markets today is positive. Futures for Brent crude oil rising in price on 0.4%, copper in Shanghai rises in price by nearly 0.5%. Gold becomes cheaper at strengthening the dollar. - European stock market today, probably starting with restrained dynamics of the major indexes. Influence the course of trading during the first half of the day can provide statistics on the euro-zone PMI Manufacturing. In the future course of trading in Europe and the U.S. will be determined by speculation concerning the decision FOMC. In part, the market will affect corporate results, among which will be interesting reports of Newmont Mining, Pfizer, Archer-Daniels-Midland. Publications on the U.S. economy today will not be. 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 6.1 9.8 Buy +61 KAZKOMMERTSBANK KASE 420.0 728.3 Buy +73 KAZKOMMERTSBANK -PREF KASE 215.0 388.5 Buy +81 HALYK BANK-GDR LSE 9.1 10.5 Hold +15 HALYK BANK KASE 320.0 377.5 Buy +18 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 585.0 1,531.0 Buy +162 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 17.2 n/a Review n/a KAZKMUNAIGAZ KASE 15,200.0 n/a Review n/a BMB MUNAI AMEX 0.75 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,339.0 1,427.0 Hold +7 ENRC LSE 879.5 1,216.0 Buy +38 KAZAKHGOLD-GDR LSE 3.9 7.0 Buy +81 URANIUM ONE LSE 4.2 3.3 Sell -22 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 15,750.0 33,825.0 Buy +115 STEPPE CEMENT LSE 41.0 120.9 Buy +195 -------------------------------------------------------------------------- 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. [2010-11-02]