Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for January 24, 2011

/IRBIS, January 25, 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 25, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Asian markets today picked up the U.S. market optimism associated with the transactions M & A, an increase in individual companies, the programs share repurchases and dividend payments. Added positive and strong record of Texas Instruments, which reflected 44% increase in net profit in the fourth quarter of 2010. Shares of Asian competitors Elpida and Samsung Electronics have increased in price by 2.5% and 0.6% respectively. Hang-Seng and Nikkei are currently increasing by 0.5 and 1.2% respectively. - The euro/dollar today adds, rising to the level of 1.366 after investors decided that the anticipated FOMC meeting on Wednesday will not support the dollar because labor market conditions and repressed inflation in the U.S. remains the need to maintain a soft monetary policy. - Oil prices continue to fall today, but at a moderate pace in response to market speculation that in 2011 the main supplier of oil OPEC can increase production on a background of high and stable oil prices. Prices of industrial metals and gold falling on concern that a tightening of monetary policy in China will reduce demand. - Trading in Europe on Wednesday will likely be held in a neutral manner in the first half of the day. Pressure on the market will provide raws, support - shares the European chip makers. - The U.S. session key events of the day today will be: Records Coring, US Steel, 3M, Verizon Communications, Johnson & Johnson, as well as the U.S. statistics on real estate prices, the index of consumer confidence and business activity in the Richmond District. Before you start trading in the U.S. is a good corporate reporting went to CSX Corp. and Texas Instruments, which may support the indexes at the opening. - For the domestic market of the external news background today is negative. Negative dynamics of raw shares in London will lead to further commit profits on them at KASE. KKB shares may support the market on rating actions and commentary thereto agency S & P. 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 6.4 n/a Review n/a KAZKOMMERTSBANK KASE 460.0 n/a Review n/a KAZKOMMERTSBANK -PREF KASE - n/a Review n/a HALYK BANK-GDR LSE 10.7 n/a Review n/a HALYK BANK KASE 383.0 n/a Review n/a HALYK BANK -PREF (HSBKP) KASE 168.4 n/a Review n/a HALYK BANK -PREF1 (HSBKP1) KASE - n/a Review n/a BANK CENTER CREDIT KASE 661.0 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 21.7 22.7 Hold +5 KAZKMUNAIGAZ KASE 19,700.0 20,062.0 Hold +2 BMB MUNAI AMEX 0.88 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,558.0 1,427.0 Hold -8 ENRC LSE 1,030.0 1,216.0 Buy +18 KAZAKHGOLD-GDR LSE 3.4 7.0 Buy +107 URANIUM ONE LSE 5.9 3.3 Sell -44 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 19,739.0 33,825.0 Buy +71 STEPPE CEMENT LSE 55.0 120.9 Buy +120 -------------------------------------------------------------------------- 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. [2011-01-25]