Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for November 18, 2010

/IRBIS, November 18, 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 18, 2010. According to the report, analysts note that the premarket on world markets is composed as follows: - morning trading on the major indexes of Asian region rising after speculation about monetary tightening in China, eased in response to the Government's offer to set price limits on the most necessary goods, for example, natural gas, to curb rising inflation. Hang Seng index is currently growing at 1.3%, Shanghai Composite - on 0.6%, Nikkei - by 1.7%. - the euro/dollar is now rising at 0.6% and traded at the level close to 1.36. The course is supported by news that the IMF and the European Union went to Dublin to discuss a package of measures to rescue the troubled banking sector, Ireland. Investors today are also expected to auction for the placement of 10-year-olds and 30 - year government bonds of Spain for $ 5.4 billion in pressure on the dollar have expectations for growth in the number of initial claims for unemployment benefits in the U.S. According to the forecasts of economists BTA Securities, it grew last week to 6 thousand to 441 thousand - quotations of commodities today are corrected. After three days of the collapse of copper prices in Shanghai are growing by more than 1% with support from the weakening dollar. Futures for Brent crude oil rise in price on 1.2% after a government report on oil reserves in the U.S. yesterday showed the most significant since August this year, reducing reserves. - European stock market today is likely to open a moderate increase in the major indexes in the region with the support of shares of commodity companies. Adjustments to the market movement today should make the results of an auction on governmental placement in Spain, news from Ireland, and accordingly the reaction of the euro in the event data. The U.S. market is likely to be influenced by sentiment in Europe and Asia. U.S. statistics coming out today, of course, will also play a significant role in the auction. Investors today will look at the figures on the number of initial claims for unemployment benefits and an index of business activity in the district of Philadelphia. - for the domestic market external news background is moderately positive, but likely that the market refuses to activism in the face of uncertainty. The sale, likely to be held in the banking sector, where there is a reason for buying and selling. Yesterday poorly reported BCC for the 3 quarter, on Monday has published good results for the same period, the second largest bank in the country - Halyk Bank. 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 5.9 9.8 Buy +66 KAZKOMMERTSBANK KASE 450.0 728.3 Buy +62 KAZKOMMERTSBANK -PREF KASE 215.0 388.5 Buy +81 HALYK BANK-GDR LSE 9.9 10.5 Hold +6 HALYK BANK KASE 355.0 377.5 Hold +6 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 580.0 1,531.0 Buy +164 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 18.2 22.7 Buy +18 KAZKMUNAIGAZ KASE 16,585.0 20,062.0 Buy +21% BMB MUNAI AMEX 0.80 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,426.0 1,427.0 Hold 0 ENRC LSE 905.0 1,216.0 Buy +34 KAZAKHGOLD-GDR LSE 3.0 7.0 Buy +135 URANIUM ONE LSE 4.7 3.3 Sell -29 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 17,200.0 33,825.0 Buy +97 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. [2010-11-18]