Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for December 7, 2010

/IRBIS, December 7, 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 7, 2010. According to the report, analysts note that the premarket on world markets is composed as follows: - In the Asian session, the major indices traded bipolar region. The Chinese market is down today on speculation that the State may rise interest rates this week in order to slow accelerating inflation in the country. Shanghai Composite now reduced to 0.3%, Hang Seng, on the contrary, growing at 0.5% on growth in commodity prices. - Х The euro strengthened today against the dollar: a pair of growing at 0.7% in the Asian session. The reason for the strengthening of a statement by the head of the Fed that the U.S. economy will likely need more incentive than the recently announced program of redemption of bonds. - Quotes commodities are growing today, a positive response to the falling dollar. Copper prices in Shanghai are growing than 0.45%, while crude oil futures for Brent - on 0.11%. - European stock market today, probably will moderate the positive dynamics of the major indices, with the support of shares of commodity companies. During trading in Europe and the U.S. market will not see the macro-publications that will promote the growth of speculation, probably on the topic of quantitative easing and the debt problems of the Euro zone. - For the domestic market of the external news background is moderately positive, but not so as to increase the buying activity of players. 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 +69 KAZKOMMERTSBANK KASE 420.0 728.3 Buy +73 KAZKOMMERTSBANK -PREF KASE 210.0 388.5 Buy +85 HALYK BANK-GDR LSE 10.0 10.5 Hold +5 HALYK BANK KASE 356.0 377.5 Hold +6 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 19.7 22.7 Buy +15 KAZKMUNAIGAZ KASE 17,300.0 20,062.0 Buy +16 BMB MUNAI AMEX 0.98 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,524.0 1,427.0 Hold -6 ENRC LSE 914.0 1,216.0 Buy +33 KAZAKHGOLD-GDR LSE 3.3 7.0 Buy +113 URANIUM ONE LSE 5.5 3.3 Sell -40 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 17,200.0 33,825.0 Buy +97 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. [2010-12-07]