Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for January 10, 2011

/IRBIS, January 10, 2011/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for January 10, 2011. Analysts of IFH RESMI give attention to the following to the important events in the markets: - Trading on the Kazakhstan Stock Exchange on Thursday, January 6, resulted in the growth index of KASE. The local benchmark rose by 1.0% and amounted to 1,718.47 points. In the secondary market of Kazakhstan Stock Exchange were signed 53 deals with shares worth 64.5 million KZT, or 121.1 million tenge was less than that of the previous trading day. Shares of the banking sector in the face of the People's Bank and KKB contributed the greatest increase in value of the local indicator. Quotes of issuers of securities data increased by 3.6% and 2.4% respectively. Corporation ENRC Plc shut increasing stock price at the level of 2.0%. Slight decrease in prices of shares finished the trading day for the company's Exploration and Production KMG (-0.1%). Outsider trading session on Thursday was made by the Bank CenterCredit, the share price which was 595 KZT, or 0.8% below the previous trading day. On Friday, 07 January, trading GDRs and equities of Kazakhstan issuers on the LSE were in a mixed way. HSBK LI (+0.6%), KKB LI (-0.7%), KMG LI (+1.3%), ENRC LN (-1.0%), KAZ LN (-1.7%). Today, for the local market develops moderately negative external background. Expected lateral dynamics of KASE index during the trading day. - Friday's trading session was marked by a decline in the index of leading U.S. sites. The banking sector lost in the capitalization of the greatest on the background of a lost cause banks US Bancorp and Wells Fargo in the Supreme Court of Massachusetts regarding the seizure of collateral by banks in the state, because of the inconsistency of documents proving ownership. Dow Jones index dropped by 22.55 points (-0.19%), and secure on a mark of 11,674.76 points. S & P 500 fell by 2.35 points (-0.18%) and recorded at 1,271.50 points. European stock markets closed on pessimistically. The British FTSE 100 fell by 35.18 points (-0.58%) and amounted to 5,984.33 points. - Aerium sold its assets in France. European investment group, Aerium, has sold a portfolio of real estate in Paris for 210.5 million euros. Buyer's assets were the French investment company Pegase Partners. The acquired portfolio comprises 14 properties. The total area of the objects was 130,000 square meters. Of which 124,000 square meters of logistics and 6,000 square feet of commercial real estate. The main tenants of the buildings are France Telecom, Easydis, Eiffage BNP Paribas, Cetelem and GE Healthcare. The level of filling facilities is 89%. This deal is one of the largest in Europe. - At the end of last week on the commodities markets reigned multidirectional trade, dominated by the upward trend. Sect precious metals closed higher prices in the range of 1.02% - 2.21%. The largest growth rates among the precious metals were palladium, whose price rose by 2.21%. Group of industrial goods prices closed lower, with the exception of aluminum (primary) and aluminum (NASSAC), whose prices rose by 0.9% and 0.08% respectively. Sugar price increased by 4.27%. Agricultural commodities such as corn and wheat rose in price by 1.09% and 0.87% respectively. Currency pair euro/dollar closed at a ratio of 1 euro/$1.2907. 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 425 On Review n/a 47.43 Halyk bank 373 519 44.2% 474 57.69 Bank Center Credit 595 On Review 1,007 54.49 RD KMG 17,490 On Review 23,059 55.82 Kazkhtelekom 18,800 On Review 32,000 84.91 -------------------------------------------------------------------------- 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. [2011-01-10]