Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for December 6, 2010

/IRBIS, December 6, 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 6, 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 show multidirectional dynamics. In Hong Kong markets are growing in response to a message that the Fed could buy an even larger amount of state bonds to support economic growth. In Japan, the market adjusted to the strengthening of the yen against the dollar. - Euro now falls against the dollar after a couple of last Friday passed for a mark 1.34 on weak U.S. data on the labor market. Today the rate is adjusted down by almost 0.6% after investors are also more optimistic about growth in the U.S. In addition, in the week expected strong statistics on the number of initial claims for unemployment benefits. - Quotes commodities today are moving in different directions. In New York, copper futures on the rise by 0.4%, while Brent crude traded on the maximum elevation of 2009 on speculation that fuel demand in the U.S. will continue to grow amid the growing signs of sustainable recovery economy. - European stock market today will probably continue to be adjusted after a significant growth for the previous week. Pressure on the market will also strengthen the dollar and the expected negative changes in commodity prices. The U.S. market today will work without ideas, publications macro statistics is not expected that also suggests that players take a breather. - For the domestic market of the external news background neutral. 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 5.8 9.8 Buy +70 KAZKOMMERTSBANK KASE 445.0 728.3 Buy +64 KAZKOMMERTSBANK -PREF KASE 210.0 388.5 Buy +85 HALYK BANK-GDR LSE 10.0 10.5 Hold +5 HALYK BANK KASE 365.0 377.5 Hold +3 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 19.6 22.7 Buy +16 KAZKMUNAIGAZ KASE 17,300.0 20,062.0 Buy +16 BMB MUNAI AMEX 0.95 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,511.0 1,427.0 Hold -6 ENRC LSE 933.0 1,216.0 Buy +30 KAZAKHGOLD-GDR LSE 3.7 7.0 Buy +90 URANIUM ONE LSE 5.6 3.3 Sell -41 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 17,250.0 33,825.0 Buy +96 STEPPE CEMENT LSE 46.0 120.9 Buy +163 -------------------------------------------------------------------------- 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. [2010-12-06]