Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for January 19, 2011

/IRBIS, January 19, 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 19, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Asian stock market today, raises in response to growing speculation that tomorrow's data of China's GDP likely to show real growth of over 9%, giving a serious argument in favor of the increase in rates and MRI to fight inflation does not weaken economic growth. Hang-Seng today adds almost 1%, Shanghai Composite rising more than 1%. - The euro/dollar is now trading above $ 1.345, extending yesterday's rally. The dollar weakened today on expectations that the U.S. statistics on unemployment and new building projects today confirms the weakness of the real estate market and the labor market, supporting thus the policy of low interest rates the Fed. - Quotes commodities today are growing weaker pace. Copper prices in Shanghai are growing at 0.44%, probably on the optimistic regarding the outcome of China's GDP growth in 2010. Brent crude is trading at levels higher than $ 97.8 per barrel. which is slightly above yesterday's close. Constrains quotations Opinion of the International Energy Agency that U.S. crude stocks are at comfortable levels. - Trading in Europe today is likely to be held in positive territory on the mood of Asia. A weaker dollar will support growth of quotations of metals in London and the growth of shares of mining companies. Good impression of the strong statements of European and American companies will support the optimism. - Trends in the U.S. market will be determined partly by statistics on new buildings and unemployment. Other key events of the day will be the reports of the leading banks Goldman Sachs and Wells Fargo. After the close of trading on the eve of reported IBM and Apple. Net earnings per share, both companies have significantly exceeded market expectations and share prices of issuers in electronic trading rose. The opening bid in the U.S., is likely to be in positive territory. - For the domestic market of the external news background today is positive. Analysts of BTA Securities do not rule out raising stock price of Kazakhmys and ENRC. Positive sentiment in the markets will keep players' interest in undervalued stocks. Add in the price can Kazakhtelecom, as well as shares of 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 6.1 n/a Review n/a KAZKOMMERTSBANK KASE 457.0 n/a Review n/a KAZKOMMERTSBANK -PREF KASE 210.0 n/a Review n/a HALYK BANK-GDR LSE 10.9 n/a Review n/a HALYK BANK KASE 397.0 n/a Review n/a HALYK BANK -PREF (HSBKP) KASE 185.2 n/a Review n/a HALYK BANK -PREF1 (HSBKP1) KASE 180.0 n/a Review n/a BANK CENTER CREDIT KASE 651.0 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 22.8 22.7 Sell 0 KAZKMUNAIGAZ KASE 20,050.0 20,062.0 Hold 0 BMB MUNAI AMEX 0.92 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,665.0 1,427.0 Hold -14 ENRC LSE 1,101.0 1,216.0 Hold +10 KAZAKHGOLD-GDR LSE 3.5 7.0 Buy +101 URANIUM ONE LSE 5.7 3.3 Sell -42 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 19,550.0 33,825.0 Buy +73 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. [2011-01-19]