Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for January 11, 2011

/IRBIS, January 11, 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 11, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Asian stock market today shows a mixed trend. Shanghai Composite now reduced by 0.35% on fears concerning the strengthening of the debt crisis in the euro area and monetary tightening in China. Hang-Seng today, on the contrary, adds almost 1% due to growth of quotations of oil companies on a substantial rise in oil prices on fears of disruption of oil supplies in the U.S. - The euro / dollar is now stronger on 0,25% and is trading above $ 1.294 on reports that Japan may buy back more than 20% of euro area bonds to be placed this month. - Quotations of commodities traded today at yesterday's close, or grow. Copper prices in Shanghai and London are growing at 0.7 and 0.9% respectively after six-day decline on speculation that a shortage of metal in the market in 2011 will leave quotes on a high level. Brent crude traded at around $ 95 higher, stabilizing after a rally the night before. Concerns about the limited supply in the U.S. a few slept, after the market decided that the current oil reserves in the country is enough to compensate for the disruption of supply to the pipeline system in Alaska related to leakage of oil. - European and U.S. stock markets today may show a positive trend, with the support of the commodity market. Started on a positive note, corporate reporting season should also play in favor of the markets. The economic news today confined to U.S. data on the index of optimism of small business and wholesale inventories of goods. On both indicators is expected to increase in December and November respectively. - For the domestic market of the external news background is moderately positive. News today there is support for the shares of mining companies. Halyk Bank may respond positively to news of plans to attract Eurobonds. Kazakhtelecom will be under pressure from weak management forecasts of financial results for 2010. 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 439.0 728.3 Buy +66 KAZKOMMERTSBANK -PREF KASE 210.0 388.5 Buy +85 HALYK BANK-GDR LSE 10.4 10.5 Hold +1 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 600.0 1,531.0 Buy +155 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 19.6 22.7 Buy +16 KAZKMUNAIGAZ KASE 17,450.0 20,062.0 Buy +15 BMB MUNAI AMEX 0.90 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,552.0 1,427.0 Hold -8 ENRC LSE 1,036.0 1,216.0 Buy +17 KAZAKHGOLD-GDR LSE 3.8 7.0 Buy +88 URANIUM ONE LSE 4.6 3.3 Sell -28 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 18,550.0 33,825.0 Buy +82 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. [2011-01-11]