Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for December 2, 2010

/IRBIS, December 2, 2010/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for December 2, 2010. Analysts of IFH RESMI give attention to the following to the important events in the markets: - On Wednesday, the Kazakhstan stock market was closed by growth index KASE. Value of the local benchmark rose 0.46% and amounted to 1 607.79 points. The volume of transactions with shares, included in the representative index, was 41.1 million KZT. The largest growth of stock price made Kazkommertsbank with price growth at 1.8%, while the share price was 445 KZT. Steel companies ENRC Plc and Kazakhmys Plc closed by the end of trading session, the growth of quotations of securities by 1.4% and 0.6% respectively. Paper Company KMG Exploration and Production rose by 0.3%. On the stock Kazakhtelecom and the National Bank of changes in prices were recorded. BankCenterCredit was the sole representative of the "red area" and closed price was down at 0.9%. Today the possible growth of KASE index by the end of the trading session. - On Wednesday, 01 December, the U.S. stock markets closed on a positive note. The mood of the markets affected by the news of an increase in industrial production in China, as well as a report from economists from Goldman Sachs, in which experts raised the forecast for U.S. growth to 2.7% next year. As part of the Dow Jones index of stock price growth leaders were Home Depot and United Technologies Corp, whose shares rose 4.63% and 3.97% respectively. Thus, the index rose by 249.76 points (2.27%) and at 11 255.78 points. S & P 500 closed by growth of 25.52 points (2.16%) and amounted to 1 206.07 points. European stock markets also have closed in green territory. "Britain's FTSE 100 rose 114.23 points (2.07%) and amounted to 5 642.50 points. Today in the U.S. is expected to yield data on the volume of sales of vehicles, as well as publish a report on the number of continuing applications for unemployment benefits. 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 445 796 78.9% n/a 54.67 Halyk bank 350 409 16.9% 408 52.82 Bank Center Credit 580 1,218 110.0% 1,007 46.26 RD KMG 17,050 24,895 46.0% 22,546 56.88 Kazkhtelekom 17,200 24,398 41.8% 27,611 67.67 -------------------------------------------------------------------------- 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. [2010-12-02]