Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for December 24, 2010

/IRBIS, December 24, 2010/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for December 24, 2010. Analysts of IFH RESMI give attention to the following to the important events in the markets: - By the end of the trading session Thursday Kazakhstan stock exchange KASE indicator showed a positive trend. Value of the index rose by 0.8% and amounted to 1,695.63 points. In the secondary market of Kazakhstan Stock Exchange was signed 90 deals with shares worth KZT445.2 million, or KZT31.3 million was less than that of the previous trading day. Corporation ENRC Plc acted as the leader of growth of stock price the second day in a row, rising prices of securities at a level of 2.9%. Representatives of the banking sector, National Bank, Bank CenterCredit and Kazkommertsbank shown an increase in stock prices by 1.4%, 0.7% and 0.7% respectively. Kazakhmys Plc into positive territory (1.1%). On ordinary shares of companies Kazakhtelecom and Exploration and Production KMG price changes have been recorded. Bidding GDRs and equities of Kazakhstan issuers on the LSE were in different directions. HSBK LI (-1.0%), KKB LI (+1.7%), KMG LI (-1.6%), KAZ LN (-1.2%), ENRC LN (+0.2%). Today, for the local market develops moderately negative external background. Analysts of IFD "RESMI" expect the lateral dynamics of KASE index during the trading session. - Trading on U.S. stock markets on Thursday took place in different directions. As part of the Dow Jones index of stock price growth leaders were Alcoa Incorporated and Chevron Corp, whose stock price rose by 1.3% and 0.9% respectively. Thus on the basis of trading environment barometer of the U.S. economy, the Dow Jones rose 14 points (0.12%) and reached 11 573.49 points. S & P 500 closed was down 2.07 points (-0.16%) and amounted to 1,256.77 points. European stock markets closed differently. FTSE 100 added 12.58 points (0.21%) and amounted to 5 996.07 points. Today is not expected to yield macro-economic data that could significantly affect the dynamics of world markets. - During the previous trading day on the commodities market is multidirectional trade. Sect precious metals closed price changes in the range 0.06% - 0.43%. The growth leader among the price of precious metals made of palladium, whose price increased by 0.43%. Group of industrial metals closed lower prices. Nickel is most subjected to price correction, showing Thursday lowering the price of 2.88%. Sugar and corn rose 2.57% and 0.82% respectively. Currency pair euro/dollar closed at a ratio of 1 euro/$1.3114. 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 48.84 Halyk bank 370 409 10.5% 474 58.78 Bank Center Credit 595 1,218 104.7% 1,007 57.22 RD KMG 17,500 24,895 42.3% 22,987 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. [2010-12-24]