Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for December 23, 2010

/IRBIS, December 23, 2010/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for December 23, 2010. Analysts of IFH RESMI give attention to the following to the important events in the markets: - Rio Tinto (RIO AU) has proposed $ 3.9 billion for the purchase of Riversdale (RIV AU), an Australian company with assets in Africa, Mozambique, which will give Rio Tinto access to the African coking coal. Rio Tinto has offered A$ 16 for 1 share in Riversdale. The deal will be the first major acquisitions of the company since 2007, when the company acquired Canadian aluminum Alcan Company. Analysts of IFD "RESMI" believe that the transaction said that the potential for M&A deals with small resource companies, with assets in emerging markets is still not settled, the global players will continue to consolidate the industry and increase the value of companies through mergers and acquisitions, as possibility of organic growth is still limited. - The MCR Company has bought 10 properties of hotel real estate at The Briad Lodging Group for 164 million U.S. dollars (or $ 149 thousand per room). The objects of the acquisition of a hotel brands Hilton and Marriott (4 and 6, respectively). The total number of rooms is 1,100. MCR Development LLC - private equity fund specializing in investments in real estate. The Briad Lodging Group - a privately held company, one of the leading developers in the U.S. in the field of hotel real estate. The Briad Lodging Group is building hotels under the brands of Marriott, Hilton, Wendy's, TGI Friday. This deal is one of the largest hotel real estate markets. Most likely, MCR to increase its real estate portfolio, while consisting of 1,850 rooms, will continue to seek new assets for acquisition on the markets hotel real estate, where barriers to entry are high. At the moment for that favorable conditions due to the overall decline in prices for hotel real estate and enhance M & A. 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 427 796 86.4% n/a 47.29 Halyk bank 366 409 11.7% 474 56.47 Bank Center Credit 591 1,218 106.2% 1,007 53.82 RD KMG 17,500 24,895 42.3% 23,001 58.29 Kazkhtelekom 18,500 24,398 31.9% 32,000 81.37 -------------------------------------------------------------------------- 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. [2010-12-23]