Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for November 29, 2010

/IRBIS, November 29, 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 29, 2010. According to the report, analysts note that the premarket on world markets is composed as follows: - In the Asian session today once again prevail speculation about the likely tightening of monetary policy with China and its potentially negative impact on the pace of economic recovery. Currently, the Chinese market in anticipation of new regulatory requirements for banks in the country. Shanghai Composite now reduced to 0.6%, Hang Seng adds to 0.2%. - Euro now trades above $ 1.32, virtually unchanged to the closure of the previous trading day. The course is supported today by positive news from Europe, where the IMF has decided to provide financial assistance to Ireland, amounting to 85 billion euros, while Greece has extended the maturity of debts previously provided for 4,5 years, to coincide with the seven-year crediting Ireland. - Quotes commodities today showed moderately positive trend. Copper prices in Shanghai are growing at 0.4%, futures for Brent crude similar pace. - European stock market today is likely to open a moderate increase in the major indexes in the region on the positive news for Ireland and Greece. Support the European market data for the indicator of business climate in November. America must also please the news from Europe; growth is possible at the opening of tenders. In the future, some impact on the market will provide statistics on U.S. business activity index in industrial districts in Dallas is expected to rise in November. - For the domestic market of the external news background neutral. According to the BTA Securities, investors will refrain from taking action. 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 9.7 10.5 Hold +9 HALYK BANK KASE 350.0 377.5 Hold +8 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 589.0 1,531.0 Buy +160 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 19.7 22.7 Buy +15 KAZKMUNAIGAZ KASE 17,500.0 20,062.0 Buy +15 BMB MUNAI AMEX 0.91 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,430.0 1,427.0 Hold 0 ENRC LSE 909.5 1,216.0 Buy +34 KAZAKHGOLD-GDR LSE 3.5 7.0 Buy +100 URANIUM ONE LSE 5.4 3.3 Sell -39 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 17,202.0 33,825.0 Buy +97 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. [2010-11-29]