Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for November 26, 2010

/IRBIS, November 26, 2010/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for November 26, 2010. Analysts of IFH RESMI give attention to the following to the important events in the markets: - By the end of the trading session Thursday, the Kazakh stock market indicator showed a positive trend. The value of KASE index increased by 0.39% and amounted to 1 634.67 points. In the secondary market of Kazakhstan Stock Exchange were signed 63 deals with shares worth KZT106.3 million. The sole representative of the "green" zone was the company Kazakhtelecom, whose shares rose 0.2%. The banking sector in the face of the National Bank and KKB closed at the "red area". Stock quote data issuers fell by 0.6% and 1.1% respectively. On ordinary shares of Bank CenterCredit, ENRC Plc, Kazakhmys Plc and the company KMG Exploration and Production price changes have been recorded. - U.S. stock markets were closed Thursday in observance of Thanksgiving Day in the country. European stock markets closed in green territory "after the positive closing of U.S. stock market the previous day, as well as on the background of the positive start of the trading session in Asia. Britain's FTSE 100 rose 0.74% to 5 698.93 points. Today in Germany is expected to yield enhanced macroeconomic statistics. In particular, have been published consumer price index and the index of import prices. 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 437 796 82.2% n/a 51.67 Halyk bank 355 409 15.2% 408 55.76 Bank Center Credit 590 1,218 106.4% 1,007 53.98 RD KMG 17,790 24,895 39.9% 21,924 71.64 Kazkhtelekom 17,230 33,842 96.4% 27,611 71.69 -------------------------------------------------------------------------- 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. [2010-11-26]