Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for December 13, 2010

/IRBIS, December 13, 2010/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for December 13, 2010. Analysts of IFH RESMI give attention to the following to the important events in the markets: - The World Bank has acquired the assets of Brookfield Properties Corp. Brookfield Properties Corp (BPO.N), U.S. REIT, sold his 1225 Connecticut Ave to the World Bank. 1225 Connecticut Ave - eight-story office building. The total area is 23,000 square meters. Since 2008 and until the completion of the acquisition, the building is rented by the World Bank (IBRD). The amount for which the World Bank (IBRD) has acquired 1225 Connecticut Ave, totaled 216 million U.S. dollars, i.e. actually 9,391 USD per square meter; Brookfield Properties (BPO.N) will control the building. This acquisition is part of a 10-20letney strategy of the World Bank (IBRD) in real estate. In the next 3 years, it will reduce company costs related to accommodation, 7% due to the fact that at the expiration of other lease agreements in Washington, the majority of bank employees will move to 1225 Connecticut Ave. Price for which was sold in 1225 Connecticut Ave is by far the highest ever sales of office buildings in Washington. And the fact that Brookfield Properties (BPO.N) managed to sell 1225 Connecticut Ave for the high price had a positive impact on the price per share of the company. Upon completion of the transaction Brookfield Properties shares rose 1.6%, or 26 cents, to $ 17.01. 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 430 796 85.1% n/a 48.92 Halyk bank 370 409 10.5% 474 60.27 Bank Center Credit 585 1,218 108.2% 1,007 49.34 RD KMG 17,850 24,895 39.5% 22,310 64.90 Kazkhtelekom 18,000 24,398 35.5% 27,611 75.71 -------------------------------------------------------------------------- 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. [2010-12-13]