Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for December 20, 2010

/IRBIS, December 20, 2010/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for December 20, 2010. Analysts of IFH RESMI give attention to the following to the important events in the markets: - In the UK, were held the biggest deal to acquire commercial real estate. Land Securities Group Plc (LAND: LN), the largest REIT in the UK, acquired the mall in Scotland for 220 million dollars from a group of investors led by Lend Lease Group (LLESF.PK). Land Securities Group Plc (LAND: LN) - the UK's largest REIT, specializing in commercial real estate. The company engaged in the acquisition, development and delivery of commercial real estate for rent. Value of the portfolio of real estate companies for a total of 14.7 billion U.S. dollars (or 9.54 billion pounds). Lend Lease Group (LLESF.PK) - Australia's largest developer. The company operates in more than 40 countries. Assets under management up 10.1 million U.S. dollars. Overgate Shopping Mall - the largest shopping center in Dundee, the fourth largest city in Scotland. GFA shopping center is 39,000 square meters. The building was constructed and commissioned in 1960. Among the tenants of the building - the UK's largest retail network Debenhams Plc, retailers Primark Stores Ltd and Next Plc. The owners of the building are a group of investors: Lend Lease Group, division Barclays, Aviva Plc, the pension fund company BG Group Plc, NFU Mutual. In view of the steady demand for space in the acquired shopping center, Overgate Shopping Mall will be one of the key properties that ensure a constant rental income for the Land Securities Group Plc. It will accordingly affect the dividends of the company. 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 83.0% n/a 48.66 Halyk bank 365 409 11.1% 474 56.82 Bank Center Credit 584 1,218 108.2% 1,007 48.41 RD KMG 17,510 24,895 39.5% 22,936 58.43 Kazkhtelekom 18,400 24,398 35.5% 32,000 80.32 -------------------------------------------------------------------------- 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. [2010-12-20]