Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for November 22, 2010

/IRBIS, November 22, 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 22, 2010. According to the report, analysts note that the premarket on world markets is composed as follows: - The Asian trade is observed in the whole positive dynamics of basic indexes of the region. Shanghai Composite now adds 0.5%, Nikkei - 1.2%, while the Hang Seng is corrected by 0.3%. Moderately positive mood on most platforms supported by the decision of the Irish still accept financial assistance from the IMF and the EU to rescue the banking sector. In coming weeks, negotiations on the details to assist the country will be completed according to the Prime Minister of Ireland, Brian Cohen. - Euro today continues to strengthen against the dollar on speculation that the salvation of Ireland will ease market concerns about worsening debt crisis in Europe. The euro/dollar traded higher at around 1.375. - Quotations of commodities rising behind the weakening dollar. Copper prices in Shanghai added 0.3%, futures for Brent crude oil rise in price by 9%. - European stock market today is likely to open a moderate increase in the major indexes in the region for news in Ireland. During the day on the course of trading also will influence the statistics on the index of consumer confidence in the Euro zone. In the U.S. session will be available the data on an index of business activity in the district of Chicago. - For the domestic market of the external news background is moderately positive. May increase the value of the shares of commodity companies in the weakening dollar. Also, Halyk reports for 3 quarter today, expect good results. According to the BTA Securities, possible growth of quotations of shares in the event of a positive outcome. 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 6.1 9.8 Buy +62 KAZKOMMERTSBANK KASE 435.0 728.3 Buy +67 KAZKOMMERTSBANK -PREF KASE 215.0 388.5 Buy +81 HALYK BANK-GDR LSE 10.1 10.5 Hold +4 HALYK BANK KASE 360.0 377.5 Hold +5 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 590.0 1,531.0 Buy +159 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 20.0 22.7 Buy +14 KAZKMUNAIGAZ KASE 17,500.0 20,062.0 Buy +15 BMB MUNAI AMEX 0.89 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,450.0 1,427.0 Hold -2 ENRC LSE 910.0 1,216.0 Buy +34 KAZAKHGOLD-GDR LSE 3.2 7.0 Buy +120 URANIUM ONE LSE 4.8 3.3 Sell -31 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 17,200.0 33,825.0 Buy +97 STEPPE CEMENT LSE 43.5 120.9 Buy +178 -------------------------------------------------------------------------- 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. [2010-11-22]