Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for November 15, 2010

/IRBIS, November 15, 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 15, 2010. According to the report, analysts note that the premarket on world markets is composed as follows: - morning trading on the major indexes in the Asian region now grow weak pace, after Japan's GDP in the third quarter of 2010, unexpectedly rose higher than expected rate. Inhibit the growth of news from China, where it turns out those banks is starting to curtail lending to the real estate market. According to the China Real Estate Business, the four leading bank in the country until the end of the year will not provide loans to construction companies. Hang Seng index at this time is reduced by 0.5%, Shanghai Composite - on 0.6%, Nikkei is growing at 0.7%. - the euro/dollar is growing weaker pace. At the moment the course is trading at levels close to 1.3700, which is the level of the last value of the 50-day moving average line. Last week, the price dynamics showed that the fears of investors about the debt problems of Ireland are serious, but how durable they are not yet entirely clear. After falling substantially below $ 1.37 on Friday, the couple has adjusted back. In our view, the current level will be difficult to go further down without good reason. Ireland on Friday said that he can cope with current problems and be able to return to the debt market in the middle of next year. At the same time, the EU insists on the provision of financial assistance. - Quotations of commodities today show multidirectional dynamics. Industrial metals continue to fall in price today on speculation that the monetary tightening in China and the reduction of lending the building sector could reduce demand for metals. Copper in Shanghai today is reduced to within 1%. Futures for Brent crude oil is adjusted upward after falling on Friday, more than 3%. The gold price is reduced by weak growth. - European stock market today, probably will moderate decrease in the main indices of the pressure of shares of the commodity sector. Influence the course of trading will provide news for Ireland and other troubled countries in the region. In the U.S. session adjustments in the market is going to make the U.S. data on retail sales and the index of business activity in New York. - for the domestic market external news background is negative. Raw Stocks today will be an outsider on the signals of the sale from foreign markets. 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 435.0 728.3 Buy +67 KAZKOMMERTSBANK -PREF KASE 215.0 388.5 Buy +81 HALYK BANK-GDR LSE 9.9 10.5 Hold +6 HALYK BANK KASE 369.0 377.5 Hold +2 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 592.1 1,531.0 Buy +159 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 18.3 n/a Review n/a KAZKMUNAIGAZ KASE 16,550.0 n/a Review n/a BMB MUNAI AMEX 0.68 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,498.0 1,427.0 Hold -5 ENRC LSE 966.0 1,216.0 Buy +26 KAZAKHGOLD-GDR LSE 3.1 7.0 Buy +127 URANIUM ONE LSE 4.8 3.3 Sell -31 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 17,010.0 33,825.0 Buy +99 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. [2010-11-15]