Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for December 8, 2010

/IRBIS, December 8, 2010/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for December 8, 2010. Analysts of IFH RESMI give attention to the following to the important events in the markets: - Investment Fund of Real Estate SL Green Realty Corp acquires investment property of company Gramercy Capital Corp for 390.8 million U.S. dollars, including a total debt amounting to 265.6 million U.S. dollars. SL Green Realty Corp - is a real estate investment fund (REIT), specializing in commercial real estate in the U.S. Is the largest holder of commercial real estate in New York. Portfolio of commercial real estate company is 2.8 million square feet, totaling 72 million dollars. Gramercy Capital - Real Estate Investment Fund, which specializes in the acquisition of loans and securities related to commercial real estate. The company is also engaged in investment activities. The transaction is expected within 90 days. Acquisition of assets Gramercy Capital Corp will give SL Green Realty Corp the right to be the largest owner of office property in New York, including one of the most famous buildings in the city - Lipstick Building. Following the news shares of Gramercy Capital Corp soared by 26%, to 2.84 dollars per share, sale of assets, according to the IFD "RESMI", a negative impact on the general state of Gramercy Capital Corp. Stock quotes real estate investment trust SL Green Realty Corp also rose, but only 1.7% to 67.03 dollars per share. With the acquisition of assets of Gramercy Capital Corp, is expected to increase profits SL Green Realty Corp for 89.9 million U.S. dollars, which can not affect the size of dividends. 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 420 796 89.5% n/a 44.64 Halyk bank 365 409 12.1% 474 58.45 Bank Center Credit 590 1,218 106.4% 1,007 53.37 RD KMG 17,700 24,895 40.6% 22,477 64.82 Kazkhtelekom 17,400 24,398 40.2% 27,611 71.10 -------------------------------------------------------------------------- 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. [2010-12-08]