Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for November 3, 2010

/IRBIS, November 3, 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 3, 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 moderate increase in the major indexes after the U.S. market on the eve of almost passed for a peak of the last three years on major indices. Growth of quotations index supported by strong corporate results, higher prices for commodities, as well as individual ideas on the stock market. Hang Seng index adds more than 1.5%, Nikkei in the positive zone on half of one percent, while the Shanghai Composite is at outset. - The euro/dollar is now growing at 0.3%, returning to the maximum levels of yesterday. With the approach of the publication of the decision FOMC, investors are becoming more optimistic. Although at the moment the market has uncertainty regarding the amount of mitigation, the market is encouraged that the regulator is likely to be forced to adopt an incentive program for at least $ 500 billion, which corresponds to the most conservative forecasts of economists. - The dynamics of commodity markets are mixed today. Futures for Brent crude demonstrate the lateral dynamics, trading at around above $ 83 a barrel. That in principle it is logical given the significant rise of quotations yesterday. The high prices are supported by a weakening dollar and bullish forecasts for the API crude oil inventories in the U.S. Copper in Shanghai continues to rally on the weakening of the "green", having risen in price by nearly 1%. Gold becomes cheaper, probably in connection with the stock market rally. - Today European stock market probably will increase in the basic indexes on optimism about the incentives, supported by shares of commodity companies. In the U.S. session, investors will be focused on the statistics of the U.S. employment market. Today published a report on the dynamics of ADP jobs in the private sector of the U.S. economy. Economists expect employment growth. Also today, will be available to U.S. statistics on business activity in the service sector and industrial orders. Projections there are also optimistic. - Today for the Kazakh market creats positive news background. Today's auction will be for shares in the commodity sector. There are expected to buy shares after a significant increase in Kazakhmys and ENRC yesterday in London. Price of common shares first on the LSE exceeds their cost of KASE by almost 6%, the second - almost 5%. Stocks Kazkom on locally also lag behind the value of GDR, almost 11%, the jerk quotes up there as possible. 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 6.3 9.8 Buy +56 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 Buy +16 HALYK BANK KASE 344.0 377.5 Hold +10 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 583.5 1,531.0 Buy +162 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 17.5 n/a Review n/a KAZKMUNAIGAZ KASE 15,200.0 n/a Review n/a BMB MUNAI AMEX 0.72 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,386.0 1,427.0 Hold +3 ENRC LSE 888.0 1,216.0 Buy +37 KAZAKHGOLD-GDR LSE 3.5 7.0 Buy +101 URANIUM ONE LSE 4.5 3.3 Sell -26 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 15,840.0 33,825.0 Buy +114 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. [2010-11-03]