Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for November 30, 2010

/IRBIS, November 30, 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 30, 2010. According to the report, analysts note that the premarket on world markets is composed as follows: - In the Asian session today dominated by speculation about monetary tightening by China and the spread of the debt crisis in Ireland in other European countries. Warmed speculation today, economists, Chinese Academy of Social Sciences, declared that the country's central bank to raise its key interest rate by 200 basis points, and the recent increase reserve requirements for banks will not be sufficient to reduce the excess liquidity in the banking sector. Currently, the Chinese market in anticipation of new regulatory requirements for banks in the country. Shanghai Composite now reduced by 3%, Hang Seng - by 1.1%. - Euro now trades below $ 1.31 after not add any optimism to investors about 85 billion euros allocated to Ireland, nor the extension of Greek maturity obligations at 4.5 years, no new mechanism of escape from the default, which will be operational from 2013 and includes the possibility of debt restructuring. - Quotes commodities today are reduced. Copper prices in Shanghai are down 0.25%, while crude oil futures for Brent - on 0.8%, the strengthening U.S. dollar. - European stock market today, probably will moderate decrease in the major indices as well as ideas for Ireland were won back yesterday. Impact on trading in Europe, the Euro zone will have data on unemployment and inflation. In the U.S. session today will publish a wider block of indicators: the dynamics of property prices by Case&Shiller, an index of consumer confidence and business activity index from the Office of Procurement Chicago. - For the domestic market of the external news background is moderately negative. According to the BTA Securities, investors may resume sales of raw shares and banks. 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 5.9 9.8 Buy +66 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 +8 HALYK BANK KASE 342.0 377.5 Hold +10 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 19.2 22.7 Buy +18 KAZKMUNAIGAZ KASE 17,390.0 20,062.0 Buy +15 BMB MUNAI AMEX 0.92 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,395.0 1,427.0 Hold +2 ENRC LSE 883.5 1,216.0 Buy +38 KAZAKHGOLD-GDR LSE 3.5 7.0 Buy +100 URANIUM ONE LSE 5.1 3.3 Sell -35 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 17,300.0 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. [2010-11-30]