Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for December 1, 2010

/IRBIS, December 1, 2010/ -BTA Bank JSC subsidiary BTA Securities (BTA Securities, Almaty) has provided IRBIS with a survey of main events, Forecasts and Investment ideas for December 1, 2010. According to the report, analysts note that the premarket on world markets is composed as follows: - In the Asian session, the major indexes in the region vary. On one side of the market maintain good economic news from the U.S. and China. In the Middle Kingdom, according to today's data, the index of business activity in the industrial sector, PMI Manufacturing, rose to 55.2 from 54.7 points, surpassing economists' forecast at 54.8 points. On the other side of the market dominates the news about possible downgrade the credit rating of Portugal and fears that the crisis in the Euro zone could get worse. Shanghai Composite now reduced to 0.3%, Hang Seng - by 0.5%. - The euro is trading today below a mark of 1.3 on fears of the Euro zone. Agency S & P yesterday before closing the U.S. session reported on the possibility of a downgrade of Portugal because of that country, in their opinion, only slightly advanced in the matter to accelerate economic growth. - Quotes commodities today are growing, positive response to macro statistics on China. Copper prices in Shanghai are growing by more than 1.3%, while crude oil futures for Brent - on 0.9%. - European stock market today, probably will incoherent dynamics of the major indices on the negative news in Portugal and positive on the Chinese economy. Crucial role in the movement of the market today will likely play on U.S. statistics. Before the opening of trading will be published data on employment in the private sector from the agency ADP and the index of business activity in the industrial sector of the U.S. economy (ISM Manufacturing). - For the domestic market of the external news background neutral. Today may buy the shares of the commodity sector, but uncertainty will deter investors 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 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 9.7 10.5 Hold +8 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 585.0 1,531.0 Buy +162 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 19.2 22.7 Buy +18 KAZKMUNAIGAZ KASE 17,001.0 20,062.0 Buy +18 BMB MUNAI AMEX 0.90 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,386.0 1,427.0 Hold +3 ENRC LSE 878.5 1,216.0 Buy +38 KAZAKHGOLD-GDR LSE 3.5 7.0 Buy +104 URANIUM ONE LSE 5.1 3.3 Sell -35 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 17,200.0 33,825.0 Buy +97 STEPPE CEMENT LSE 47.0 120.9 Buy +157 -------------------------------------------------------------------------- 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. [2010-12-01]