Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for December 24, 2010

/IRBIS, December 24, 2010/ - JSC BTA Bank's Subsidiary organization BTA Securities (BTA Securities, Almaty) has provided IRBIS with a survey of main events, Forecasts and Investment ideas for December 24, 2010. According to the report, analysts note that the premarket on world markets is composed as follows: - Strong U.S. statistics on orders of durable goods, consumer spending and unemployment could not raise optimism players in the Asian market, where major indexes in the region fall on the previous topics. Shanghai Composite now reduced by 0.45%, Hang Seng - by 0.2% in response to market concerns that a decline in liquidity will complicate many companies to raise capital for expanding businesses and new restrictions on the number of vehicles regulators in Beijing are likely to affect sales of new cars. - The euro/dollar is now stronger on 0.27% and is trading above $ 1.31 on the message that Greece could ask for a prolongation of the external debt and lower interest rates. - Quotations of commodities traded today at yesterday's close, or move to the south. Copper prices in Shanghai fell by nearly 0.5% on weak investment demand in the New Year period, Brent crude traded at around $ 94 and above is growing in comparison to the previous day on optimism about the background of strong demand for statistical data indicating the strengthening of the consumer sector of the U.S. - European and U.S. stock markets today may continue to decline in investors' opinion that the major indices have reflected the positive statistics on the U.S. New ideas for growth at this time. - For the domestic market of the external news background is positive, given that the agency S & P upgraded the sovereign ratings of Kazakhstan and Outlooks Halyk. Shares of banks are now able to support the index. Raw likely will play against the market amid falling prices for industrial metals. 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 430.0 728.3 Buy +69 KAZKOMMERTSBANK -PREF KASE 210.0 388.5 Buy +85 HALYK BANK-GDR LSE 10.3 10.5 Hold +2 HALYK BANK KASE 370.0 377.5 Hold +2 HALYK BANK -PREF (HSBKP) KASE 185.2 189.0 Hold +2 HALYK BANK -PREF1 (HSBKP1) KASE 180.0 189.0 Hold +5 BANK CENTER CREDIT KASE 595.0 1,531.0 Buy +157 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 19.8 22.7 Buy +15 KAZKMUNAIGAZ KASE 17,500.0 20,062.0 Buy +15 BMB MUNAI AMEX 0.89 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,613.0 1,427.0 Hold -12 ENRC LSE 1,054.0 1,216.0 Buy +15 KAZAKHGOLD-GDR LSE 3.8 7.0 Buy +86 URANIUM ONE LSE 4.7 3.3 Sell -30 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 18,500.0 33,825.0 Buy +83 STEPPE CEMENT LSE 50.0 120.9 Buy +142 -------------------------------------------------------------------------- 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. [2010-12-24]