Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for November 29, 2010

/IRBIS, November 29, 2010/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for November 29, 2010. Analysts of IFH RESMI give attention to the following to the important events in the markets: - Pebblebrook Hotel Trust (PEB) has acquired Sheraton Delfina Santa Monica Hotel for 102.8 million U.S. dollars. Pebblebrook Hotel Trust (PEB) - U.S. REIT, specializing in hotel real estate at the current moment, the company owns 7 th hotel (or 1,994 guest rooms) in the U.S. Viceroy Hotel Group - the company that manages the hotel Sheraton Delfina Santa Monica Hotel. Viceroy Hotel Group after the completion of the transaction will be managing the hotel. Regis Properties - Investment Company, owner of the Sheraton Delfina Santa Monica Hotel. Sheraton Delfina Santa Monica Hotel - 4 star hotel, built and commissioned in 2005. The hotel offers 310 guest rooms. At the end of 2009, the rate of ADR (Average Daily Rate) hotel is $ 179, while occupancy - 81%. It is expected that by the end of 2010, hotel EBITDA to grow by 7% compared to 2009 m from 7.4 to 7.9 million U.S. dollars. It is expected that the dividend per share, the company will grow due to increased revenues resulting from the activities of seven hotels already Pebblebrook Hotel Trust (PEB). - BP Plc (BP LN) sells 60% stake in Pan American Energy LLC (PAE) consortium Bridas Corp, which owns 50% of Chinese oil company CNOOC (883 HK) and 50% of Argentine families billionaires Bulgheroni, currently Bridas Corp owns 40% of Pan American Energy LLC. Bridas Corp will pay US $ 7.06 billion, according to U $ 2.47 billion from each shareholder of the consortium and US $ 2.12 billion will be drawn in the form of debt for Bridas. PAE was estimated at US $ 7.6 per barrel of proven reserves. Pan American Energy produces about 240 thousand barrels per day and has proven reserves of 1.54 billion barrels, stocks of PAE in the common stocks of British Petroleum in the order of 9%. This is the fourth largest asset sale to BP, in July the company sold its assets in North America and Egypt, oil and gas company Apache Corp for US $ 7 billion in August, the company sold its assets to two companies in Colombia Ecopetrol SA (ECOPETL CB) and Talisman Energy Inc ( TLM CN) for the US $ 1.9 billion, and BP sold its assets in Venezuela, and Vietnam, its venture company TNK - BP for US $ 1.9 billion in assets in the Gulf of Mexico have been sold for US $ 650 million 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 350 409 16.9% 408 52.99 Bank Center Credit 589 1,218 106.8% 1,007 53.22 RD KMG 17,500 24,895 42.3% 22,520 65.57 Kazkhtelekom 17,202 33,842 96.7% 27,611 70.44 -------------------------------------------------------------------------- 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. [2010-11-29]