Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for November 26, 2010

/IRBIS, November 26, 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 26, 2010. According to the report, analysts note that the premarket on world markets is composed as follows: - In Asian trade today corrected the Chinese market. Pressure has renewed speculation about monetary tightening in China on the news that the country's central bank may lower the target for new loans in 2011. In the New Year it may reach 7 trillion against 7.5 trillion Yuan. Yuan in it. Shanghai Composite now reduced to 0.2%, Hang Seng adds only 0.08%. - The euro is trading today at around 1.33, the rate is still unable to find support, yesterday's statement by the head of the Bundesbank, the capital adequacy stress fund of EU to rescue troubled countries are not inspired investors, while fears that the crisis in Ireland might spread to other countries in the euro area persist. - Quotes commodities today show a negative trend. Concerns in Europe and China have led to a decrease in copper prices in Shanghai by more than 1%, while crude oil futures for Brent - on 0.3%. - European stock market today, probably will moderate decrease in the major indexes in the region. - For the domestic market of the external news background neutral. 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 6.0 9.8 Buy +63 KAZKOMMERTSBANK KASE 437.0 728.3 Buy +67 KAZKOMMERTSBANK -PREF KASE 215.0 388.5 Buy +81 HALYK BANK-GDR LSE 9.8 10.5 Hold +7 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 590.0 1,531.0 Buy +159 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 19.8 22.7 Buy +14 KAZKMUNAIGAZ KASE 17,790.0 20,062.0 Buy +13 BMB MUNAI AMEX 0.88 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,467.0 1,427.0 Hold -3 ENRC LSE 914.5 1,216.0 Buy +33 KAZAKHGOLD-GDR LSE 3.3 7.0 Buy +113 URANIUM ONE LSE 5.5 3.3 Sell -39 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 17,230.0 33,825.0 Buy +96 STEPPE CEMENT LSE 45.5 120.9 Buy +166 -------------------------------------------------------------------------- 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. [2010-11-26]