Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for November 11, 2010

/IRBIS, November 11, 2010/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for November 11, 2010. Analysts of IFH RESMI give attention to the following to the important events in the markets: - Cole Real Estate Investments continues to expand its portfolio. Cole Real Estate Investments, a private U.S. REIT, acquired a retail property in Albertson's LLC, totaling 266 million U.S. dollars. The object of the acquisition made by a network of grocery stores "Albertsons" (32 units) located in Arizona, New Mexico, Colorado, Texas and Louisiana. This property has been rented by an individual businessman for 20 years. The total area of commercial real estate amounted to 177,570 square meters. Since the beginning of the year Cole has already acquired the commercial real estate totaling $ 1.8 billion in the U.S. In general, non-public REIT portfolio of more than $ 6 billion. Cole Real Estate Investments distinguishes its investment strategy: The fund does not invest in real estate, which has no long-term leases (less than 10 years), as well as the tenants of which are companies with low credit ratings. Thus the company protects itself against risks in reducing the fullness of their facilities, risks of non-payment, as well as fluctuations in rental rates (reduction). Analysts of IFH RESMI give the following advice for investors in securities of issuers in Kazakhstan: -------------------------------------------------------------------------- Issuer Last price Predicted price* Up/down from Target RSI. Current price price** %*** ------------------ ---------- ---------------- ------------- ------- ----- Kazkommertsbak 445 796 78.9% 385 58.69 Halyk bank 368 409 11.1% 267 67.08 Bank Center Credit 590 1,218 106.4% 1,039 54.76 RD KMG 16,000 24,895 55.6% 23,029 52.57 Kazkhtelekom 16,800 33,842 101.4% 29,682 79.27 -------------------------------------------------------------------------- Fundamental evaluation IFH RESMI for 12 months (weekly review) ** Target according to the consensus forecast of analysts surveyed by Bloomberg *** Relative strength index - an indicator of technical analysis. determines strength of trend and likelihood of change. Overbought / oversold - when RSI indicator value is closer to 100% / 0%. - Cost of common shares Kazkommertsbank assessment IFD "RESMI" will cost no less than KZT796 per share by the end of 2010; - Halyk Savings Bank of Kazakhstan is estimated IFD "RESMI" as the most promising in terms of business development financial institution in Kazakhstan. Analysts see the growth of the bank's shares up to KZT409 per share; - Shares of Bank CenterCredit in the long term analysts IFD "RESMI" about the outlook for growth in securities of the bank to the level of 1.230 m.; - Stocks of Kazakhtelecom are looking most attractive for investment in the long term. Analysts IFD "RESMI" recommend buying simple shareholders of the issuer. - The updated target price of shares of JSC Exploration Production KMG is KZT24.895 per share. 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. [2010-11-11]