Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for January 11, 2011

/IRBIS, January 11, 2011/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for January 11, 2011. Analysts of IFH RESMI give attention to the following to the important events in the markets: - By the end of the trading session Monday Kazakhstan KASE index showed a negative trend. The local stock market indicator fell by 0.7% and amounted to 1 706.25 points. In the secondary market of Kazakhstan Stock Exchange were signed 38 deals with shares worth 144.7 million KZT, or 80.2 million KZT more than in the previous trading day. Shares of banking sector in the face of Kazkommertsbank and Bank CenterCredit could not pull the index for "green" territory, despite the rise in securities of issuers of data on 3.3% and 0.8% respectively. Shares of the company KMG Exploration and Production and the People's Bank closed decreasing quotes by 0.2% and 0.8% respectively. Kazakhtelecom in the red (-1.3%). Steel companies ERNC Plc and Kazakhmys Plc most negative impact on the dynamics of the index, being cheaper by 2.0% and 3.0% respectively. Yesterday trading GDRs and equities of Kazakhstan issuers on the LSE were in a negative way. HSBK LI (-0.9%), KKB LI (0.0%), KMG LI (-0.8%), ENRC LN (-2.5%), KAZ LN (-2.5%). Today, for the local market develops moderately negative external background. Expected decrease in KASE index by the end of the trading day. - Trading session on Monday was marked by further decline in the index of leading U.S. sites. Debt crisis of Euro zone again reminded of himself, after the failure of Portugal on the financial assistance offered to countries in the Euro zone. Investors took the news cautiously, which eventually led to the fall of a number of indices. Indicator of Dow Jones fell by 37.31 points (-0.32%) and entrenched at the level of 11 637.45 points. S & P 500 fell by 1.75 points (-0.14%) and recorded at 1 269.75 points. European stock markets closed on pessimistically. The British FTSE 100 fell by 28.03 points (-0.47%) and amounted to 5 956.30 points. - At the beginning of the week on the commodities markets reigned multidirectional trade, dominated by the upward trend. Sect precious metals closed higher prices in the range of 0.52% - 1.47%. The largest growth rates among the precious metals were the silver, whose price rose by 1.47%. Group of industrial metals prices closed lower, with the exception of aluminum (alloy) and Al (NASSAC), whose prices rose by 1.3% and 1.8% respectively. Sugar price increased by 0.7%. Agricultural commodities such as corn and wheat rose in price by 0.3% and 0.4% respectively. Currency pair euro / dollar closed at a ratio of 1 euro/$ 1.2951. 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 439 On,Review n/a 52.88 Halyk bank 370 519 40.3% 474 55.26 Bank Center Credit 600 On,Review 1,007 57.73 RD KMG 17,450 On,Review 23,081 54.75 Kazkhtelekom 18,550 On,Review 32,000 67.86 -------------------------------------------------------------------------- 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. [2011-01-11]