Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for December 27, 2010

/IRBIS, December 27, 2010/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for December 27, 2010. Analysts of IFH RESMI give attention to the following to the important events in the markets: - WP Carey acquired 33 assets in a portfolio of real estate. Global Inc, a publicly traded real estate investment funds company WP Carey completed the transaction acquiring 29 distribution center cars and 4 office buildings in the amount of 258 million U.S. dollars. The total area of purchased items amounted to 333,900 square meters. Tenants were companies affiliated with General Parts International Inc. Under the deal, the tenants were renegotiated lease agreement in April with the new owner of the property. The initial lease term of 20 years. In the framework of the treaties was included the factor of increase in rental rates for 5 years. According to the IFD "RESMI", similar to the lease agreement were concluded mainly due to the fact that the REIT operates rental scheme triple (or triple-net-leases). As for real estate investment fund, then the acquisition of real estate portfolio, the monthly income of the company will grow by about 3-4 million dollars. Triple-net-leases - long-term lease of commercial premises in terms of which includes payment of all taxes, insurance and maintenance costs. 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 375 409 9.1% 474 61.54 Bank Center Credit 595 1,218 104.7% 1,007 57.22 RD KMG 17,550 24,895 41.9% 23,007 59.00 Kazkhtelekom 18,600 24,398 31.2% 32,000 82.56 -------------------------------------------------------------------------- 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. [2010-12-27]