Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for December 6, 2010

/IRBIS, December 6, 2010/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for December 6, 2010. Analysts of IFH RESMI give attention to the following to the important events in the markets: - On Friday, December 03, Kazakhstan Stock KASE index continued to explore new territory within the uptrend. Value of the index rose by 0.43% and amounted to 1,651.93 points. Metallurgical Company ERNC Plc and The People's Bank acted as the locomotive of growth of the local benchmark. Equities Data issuers rose by 2.2% and 1.4% respectively. Quotes of the company have also gone up, growth in prices for securities of the company amounted to 0.3%. Company Exploration and Production KMG in day trading on Friday lost 0.9% of the price index of its securities. Today is another possible growth of the value of KASE index by the end of the trading day. - The stock trades in the U.S. on Friday, December 3, closed a slight increase of leading indexes despite the negative data on unemployment U.S. Department of Labor. According to this document, the unemployment rate was 9.8% instead of the expected 9.6%. On the background of such data hurt shares of major U.S. retailers, Costco Wholesale Corp., As well as Wal-Mart Stores (-0.45% and -0.47% respectively) from which the expected improvement on the eve of the Christmas sales. Thus, the Dow Jones index of 11 382.09 points, increased by 0.17%. S & P 500 closed by growth of 0.26% - to 1,224.71 points. Leading European stock indices closed in different directions on a background of unfavorable data about the state of employment in the United States. For example, the British FTSE 100 fell by 0.39% - to point 5745.32 points. Today is not expected to yield macro-economic statistics that can significantly affect the trend in global markets. 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 365 409 12.1% 408 59.83 Bank Center Credit 590 1,218 106.4% 1,007 53.62 RD KMG 17,300 24,895 43.9% 22,491 60.18 Kazkhtelekom 17,250 24,398 41.4% 27,611 68.90 -------------------------------------------------------------------------- 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. [2010-12-06]