Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for January 25, 2011

/IRBIS, January 25, 2011/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for January 25, 2011. Analysts of IFH RESMI give attention to the following to the important events in the markets: - On Monday, January 24, trading on the Kazakhstan Stock Exchange index ended with a decrease in KASE. The indicator value decreased by 0.8% and amounted to 1,800.11 points. The entire range of issuers, which form the index KASE, closed at the "red area", with the exception of the National Bank and the company's Exploration and Production KMG, share prices which have remained unchanged. Representatives of the metallurgical sector, Kazakhmys Plc and ERNC Plc underwent a decrease in quotations of securities to the greatest extent - on 2.4% and 2.8% respectively. Shares of Bank CenterCredit, KKB and KazakhTelecom closed c lowering prices in the range -0.5% -1.3%. Bidding GDRs and shares of Kazakh companies in London ended in a mixed way. KKB LI (0.0%), HSBK LI (-0.01%), KMG LI (-2.2%). ENRC LN Equity rose by 0.01%, KAZ LN in the black (0.9%). Today, for the local market develops moderately positive external background. Analysts of IFD "RESMI" expect growth of KASE index by the end of the trading session. - By the end of the trading session Monday, U.S. stock markets closed on a positive note. The Dow Jones came as close to the mark of 12,000 points. It is worth noting that the upward trend of the index is observed since the opening of trading on U.S. markets after Thanksgiving. Support the market had the technology sector. As part of the Dow Jones index of stock price growth leaders were Intel and IBM, the paper which went up by 2,0% and 2,7%. Shares of Alcoa Incorporated rose 4.0% after the announcement of the executive director of the company about the likely growth in demand for aluminum in 2011. Dow Jones index rose 108.68 points (0.92%) and entrenched at the level of 11 980.52 points. S & P 500 added 7.49 points (0.58%) and reached a level 1 290.84 points. European stock markets closed growth. Britain's FTSE 100 rose 47.60 points (0.81%) and recorded at 5 943.85 points. - Yesterday, the precious metals traded in the black. Industrial metals mainly showed a decline. Brent crude fell by 1.02% to $ 96 per barrel. The price of sugar fell by 0.06%, wheat added 1.3%, corn fell to 0.3%, and cotton added 3.19%. The euro exchange rate continued its upward trend 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 460 On Review 397 57.63 Halyk bank 383 519 35.5% 507 56.14 Bank Center Credit 661 On Review 1,007 74.41 RD KMG 19,700 On Review 23,252 72.99 Kazkhtelekom 19,739 On Review 24,587 79.98 -------------------------------------------------------------------------- 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. [2011-01-25]