Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for December 8, 2010

/IRBIS, December 8, 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 8, 2010. According to the report, analysts note that the premarket on world markets is composed as follows: - In the Asian session the major indexes of the region shows the multidirectional dynamics. In Shanghai and Hong Kong, markets moderately reduced after the China Securities Journal (CSJ) has published the news that Shanghai will be included in the first group of cities, where tax will be applied tougher for real property. Shares of the leading developers in the country have fallen in price. Support the market the same messages CSJ that the state will spend about UIS$602 billion in the development of the country's railways. Shares of railway builders rose significantly. In Japan, the market is rising on strengthening of the dollar against the yen. - Euro now falls against the dollar after the IMF announced that the economic situation in the Euro zone and its major regulators must act quickly to prevent further development of the debt crisis. The euro/dollar fell for more than 1% to 1.32. - Quotes commodity today in the negative zone. In New York, copper futures fall on 0.84%, while oil brand Brent - to 0.77% on speculation about the debt problems of the Euro zone. - European stock market today is likely to increase significantly corrects the following Tuesday. Pressure on the market will support the strengthening of the dollar and the expected negative changes in commodity prices. The main topic of discussion of the day is likely to be a debt crisis in the Euro zone. - For the domestic market of the external news background is negative. Active players today are likely to subside, the negative dynamics will be observed on the raw shares. 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 +68 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 +6 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 19.8 22.7 Buy +15 KAZKMUNAIGAZ KASE 17,700.0 20,062.0 Buy +13 BMB MUNAI AMEX 0.99 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,554.0 1,427.0 Hold -8 ENRC LSE 944.5 1,216.0 Buy +29 KAZAKHGOLD-GDR LSE 3.5 7.0 Buy +102 URANIUM ONE LSE 5.8 3.3 Sell -42 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 17,400.0 33,825.0 Buy +94 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. [2010-12-08]