Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for January 26, 2011

/IRBIS, January 26, 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 26, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Trading in Asia today is in a mixed way. Hang-Seng and Nikkei down today at a moderate pace in response to negative news from Europe and the USA. Asians react to poor statistics on UK GDP for 4 quarter 2011, the dynamics of property prices in the U.S. and negative corporate performance of U.S. companies. Shanghai index today goes against the market, adding 0.5%, in response to speculation that the recent losses of the index were excessive, given the quite optimistic growth prospects of corporate profits. - The euro/dollar today adds, but the weak rates, trading at levels above 1.368. Players expect tomorrow's positive statistics for the euro area index of economic confidence. Indicator of sentiment, according to forecasts of economists, is to grow the eighth consecutive month. U.S. reacts negatively to the proposal of the U.S. president, Mr. Obama, of reductions in government spending unrelated to defense, making it possible to save the country $ 400 billion over the next 10 years. - Oil prices are now being restored as part of correction after two-day slide. Quotations are under pressure from fears that oil demand could weaken. Copper prices recovered today on the opinion of the players that the recent drop in prices has been excessive, given the expected in this year's deficit of metal on the market. In electronic trading in London the price of the "red metal" grow by 1%. - Trading in Europe on Wednesday will likely be held in a neutral manner. Growing Chinese market and the prices of basic metals today can support the share prices of commodity companies. - The U.S. session dynamics of the market will determine the following events: financial results Xerox, Boeing, Conocophilips, as well as statistics on U.S. sales of new homes. - For the domestic market of the external news background neutral today. 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 6.3 n/a Review n/a KAZKOMMERTSBANK KASE 465.0 n/a Review n/a KAZKOMMERTSBANK -PREF KASE - n/a Review n/a HALYK BANK-GDR LSE 10.5 n/a Review n/a HALYK BANK KASE 390.0 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 660.0 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 21.5 22.7 Hold +5 KAZKMUNAIGAZ KASE 19,200.0 20,062.0 Hold +4 BMB MUNAI AMEX 0.87 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,500.0 1,427.0 Hold -2 ENRC LSE 1,002.0 1,216.0 Buy +21 KAZAKHGOLD-GDR LSE 3.4 7.0 Buy +107 URANIUM ONE LSE 5.9 3.3 Sell -44 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 19,700.0 33,825.0 Buy +7 STEPPE CEMENT LSE 55.0 n/a Review n/a -------------------------------------------------------------------------- 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. [2011-01-26]