Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for January 10, 2011

/IRBIS, January 10, 2011/ - 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 January 10, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Trading in the Asian session today held in the outset, emphasizing the uncertainty of the players on the background of weak U.S. data on the labor market. December's data showed a weak employment growth and lower unemployment is mainly due to reduction of the total workforce. Pressure on the market also has a drop in shares of Australian insurers due to the ongoing floods in Australia. In China, the market once again prevail fears about tightening monetary policy amid rising inflation. Hang- Seng Index today ranges near closing level of the previous trading day, Shanghai are reduced at a moderate pace. - The euro/dollar is now trading at around 1.2914, slightly higher than the previous day's close. Weak data on U.S. labor market are not conducive to a good growth rate, as well as statements by Mr. Bernanke to maintain current incentives. It is obvious that the euro is holding back its own problems. Investors worried about the conditions under which the country's problems will involve debt in 2011. January 12 four-and ten-year bonds put Portugal, and January 13 four-and six-year bonds will offer Italy and Spain, respectively. - Quotes commodities today are moving in different directions. Copper prices in Shanghai fell by 0.6% on fears that demand for the metal in China may weaken against the backdrop of tightening monetary policy. Brent crude oil is growing at 0.4% after it became aware of the cessation of oil supplies through the pipeline system in Alaska in connection with the oil spill. British Petroleum had to stop 95% of production. - European stocks at the opening of trading today probably will show vague dynamics. Pressures on the market are likely to speculation about the debt problems of the euro area before the next allocation of bonds a number of problem countries in the region. - For the domestic market of the external news background is moderately negative, the shares of commodity companies may be an outsider trading day. 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 6.0 9.8 Buy +63 KAZKOMMERTSBANK KASE 425.0 728.3 Buy +71 KAZKOMMERTSBANK -PREF KASE 210.0 388.5 Buy +85 HALYK BANK-GDR LSE 10.5 10.5 Sell 0 HALYK BANK KASE 373.0 377.5 Hold +1 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 17,490.0 20,062.0 Buy +15 BMB MUNAI AMEX 0.92 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,591.0 1,427.0 Hold -10 ENRC LSE 1,063.0 1,216.0 Hold +14 KAZAKHGOLD-GDR LSE 3.8 7.0 Buy +88 URANIUM ONE LSE 4.5 3.3 Sell -27 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 18,800.0 33,825.0 Buy +80 STEPPE CEMENT LSE 56.0 120.9 Buy +116 -------------------------------------------------------------------------- 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. [2011-01-10]