Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for January 12, 2011

/IRBIS, January 12, 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 12, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Asian stock market today, simultaneously moving up picked up the positive mood of American markets. The jump in oil prices and industrial metals supporting papers syrevikov, providing companies with high profit margins. Hang Seng index growing by 0.81% and is on a two-month peak of 23,952.34. Shanghai index adds 0.2%. Transport companies will support the growth. However, investors are a bit cautious on the eve of European auctions. - The euro / dollar is now kept at the level of 1.30. Rumors that China will buy the paper tomorrow, Spain, may have short-term support for the euro. News that the EU authorities are preparing to increase the stabilization fund, must also play in favor of the single currency. However, the direction of motion of a pair of today will depend on the results of Portuguese auction on placement of four and ten-year bonds. Projected sales volume - 1.25 billion euros. Therefore, investors decided to wait for the currency pair. - Quotes commodities today continue its growth in Asian markets. Copper in Shanghai adds 1.12%. The cost of crude oil is on the previous day's close. The situation on the leak in Alaska has not changed. The volume of shipments through the pipeline could fall by 95%. The network operator plans to temporarily reset the system to prevent freezing of the pipeline, which could exacerbate the situation even worse. - European and U.S. stock markets today are likely to show a mixed trend. Growth can be stopped in case of failure of the Portuguese auction, which may increase the probability of closing the debt market for the country. Euro zone industrial production, experts predict that decreased to 0.5%. U.S. market trading activity may decline due to the snowstorms that may cause some investors to stay home. In the U.S., is expected to yield "Beige Book" and the data on the national budget. - For the domestic market of the external news background is moderately positive. Shares of EP and Kazakhmys may add to the costs due to rising prices for oil and copper futures. Paper ENRC may also grow after the auction in London resulted in the growth of the company at 4%. 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 10.5 10.5 Hold 0 HALYK BANK KASE 375.0 377.5 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 609.0 1,531.0 Buy +151 -------------------------- ----- -------- ------------ --------- --------- 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 0.86 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,612.0 1,427.0 Hold -11 ENRC LSE 1,078.0 1,216.0 Buy +13 KAZAKHGOLD-GDR LSE 3.8 7.0 Buy +88 URANIUM ONE LSE 4.8 3.3 Sell -31 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 18,899.0 33,825.0 Buy +79 STEPPE CEMENT LSE 56.5 120.9 Buy +114 -------------------------------------------------------------------------- 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. [2011-01-12]