Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for January 13, 2011

/IRBIS, January 14, 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 13, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Asian stock market today, demonstrates the overall negative trend. Shanghai Composite now reduced by 0.9% on fears of monetary tightening in China and the likelihood of a slowdown in economic growth. Japanese market falls within 0.5% after U.S. data on unemployment questioned the prospects for growth in consumer demand, including for Japanese goods. Only Hang-Seng today, on the contrary, adds 0.33%, due to increasing share prices of the banking sector, in part, by reducing fears of an escalation of the debt crisis in the Euro zone. - The euro/dollar is now down to 0.2% and is trading above $ 1.333. The U.S. dollar began to reduce losses yesterday on expectations of strong macro statistics U.S. industrial production and retail sales, which can confirm the recovery of the world's largest economy. - Quotations of commodities traded today at yesterday's closing or declining. Copper prices in Shanghai and London fell to within 1% on fears about slowing demand for metal from China and the U.S. Brent crude traded at around above $ 97 a barrel, which is below recent highs. U.S. Department of Energy said yesterday on reducing demand for petroleum products over the past two weeks on 8.2%. - European stock market today is likely to go down at a moderate pace in the first half of the day. Americans will also be in the red at the opening, but soon the picture on the market must change. Morning in the United States will be published data on retail sales, industrial production, and inflation and consumer confidence index of Michigan. By all indicators, economists expect growth. Also today, reports a leading U.S. bank JP Morgan. Positive data are likely to support markets. Negative on the macro, in particular, retail sales, inflation, and Michigan, can consolidate the success of the euro and the support prices for gold and industrial metals, increasing interest in them as a tool to hedge currency risks. - For the domestic market of the external news background neutral today. Players today can not take active steps in relation to shares of the commodity sector and will act out some ideas. Activity will be in the banking sector. 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 447.0 728.3 Buy +63 KAZKOMMERTSBANK -PREF KASE 210.0 388.5 Buy +85 HALYK BANK-GDR LSE 11.0 10.5 Hold -5 HALYK BANK KASE 394.0 377.5 Hold -4 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 623.0 1,531.0 Buy +146 -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 21.6 22.7 Hold +5 KAZKMUNAIGAZ KASE 18,150.0 20,062.0 Buy +11 BMB MUNAI AMEX 0.90 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,662.0 1,427.0 Hold -14 ENRC LSE 1,110.0 1,216.0 Hold +10 KAZAKHGOLD-GDR LSE 3.7 7.0 Buy +90 URANIUM ONE LSE 5.3 3.3 Sell -37 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 18,800.0 33,825.0 Buy +80 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. [2011-01-14]