Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for January 26, 2011

/IRBIS, January 26, 2011/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for January 26, 2011. Analysts of IFH RESMI give attention to the following to the important events in the markets: - Tuesday, January 25, trading on the Kazakhstan Stock Exchange continued the negative trend. The indicator value decreased by 0.28% to reach a 795.15 and the volume of transactions fell to $ 841.5 thousand leader of yesterday's session was the banking sector. Stocks Halyk and KKB rose in price by 1.8% and 1.1% respectively, while the paper CenterCredit Bank fell 0.2%. Representative of the metals sector with the largest price change was Kazakhmys Plc, stock prices ENRC Plc remained unchanged. Common shares of KMG Exploration and Production "were the most negative price changes -2.5%, which pulled the entire index to a negative note. - Yesterday during the day on European exchanges observed high volatility. The data output of UK GDP for 4 quarter 2010 had a negative merger on stock indices. According to published data, GDP declined by 0.5% against expectations of an increase of 0.5%. Nevertheless, corporate reporting has helped to win back some day losing major stock indexes. At the end of the trading session CAC 40 index fell 0.34% to 4,019.62 points, the German DAX dropped to 0.12% in July reached a mark of 059.01 points, Britain's FTSE 100 index also lost 0.44% and closed at 5,917.71 points. U.S. sites have started the day with a fall against a background of accounting and the fall in property prices. Moreover, yesterday launched the U.S. Federal Reserve meeting, which wills last 2 days. Investors' attention is riveted to the results. S & P 500 rose 0.03% and amounted to 1 291.18 points. Nasdaq added 0.06% or 1.70 points and closed at 719.25 2. Dow Jones Industrial Average closed in the red zone after losing 3.33 points reaching 11 977.19 points. - Yesterday, the precious metals traded in the red zone. The greatest decrease in prices was observed in 4.31% of palladium, as well as silver at 3.5%. Industrial metals mostly shown reductions: Zinc fell 2.28% and 1.96% nickel. Only lead showed a positive trend, adding to the price at 1.81%. WTI Cushing crude oil brands fell by 1.77% to $ 85.1 per barrel. The price of sugar fell by 1.45%, corn has fallen in price on 1.72%. The euro exchange rate continued its upward momentum, rising to 200.20 KZT. 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 465 On Review 397 59.59 Halyk bank 390 519 33.1% 507 60.64 Bank Center Credit 660 On Review 1,007 73.57 RD KMG 19,200 On Review 23,248 63.78 Kazkhtelekom 19,700 On Review 24,587 78.07 -------------------------------------------------------------------------- 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. [2011-01-26]