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15.11.2010 16:39 #Issuer news

Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for November 15, 2010

/IRBIS, November 15, 2010/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for November 15, 2010.

Analysts of IFH RESMI give attention to the following to the important events in the markets:

  • On Friday, 12 November, the American stock exchanges closed in negative territory. Investors' concerns that China may raise key interest rates to curb rising inflation have had a negative impact on the market. Leader falling stock price in the structure of the Dow Jones was the company The Boing Company (-3.49%). Dow Jones index dropped by 90.52 points (-0.80%) and amounted to 11,192.58 points. S&P 500 fell by 14.33 points (1.18%) and closed at 1,199.21 points.
  • European stock markets closed differently. The British FTSE 100 fell by 18.36 points (-0.32%) and amounted to 5,796.87 points. The growth leaders in the index, you can highlight a company BT Group Plc, whose shares rose again and went up by 5.72%.
  • Today the U.S. is expected to yield data on the change in volume of retail trade turnover.

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            435              796         83.0%     n/a 52.88
Halyk bank                369              409         10.8%     398 65.80
Bank Center Credit        592            1,218        105.7%   1,039 55.63
RD KMG                 16,550           24,895         50.4%  23,350 59.27
Kazkhtelekom           17,010           33,842         99.0%  33,682 73.32
--------------------------------------------------------------------------
    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.

[2010-11-15]