Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for January 27, 2011

/IRBIS, January 27, 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 27, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Trading Session in Asia started the day positively. All three indexes in the region are growing, picking up the mood of U.S. trading. Nikkei adds 0.8%, Hang Seng is growing at 0.4% and Shanghai jumped 1.36%. Engines of growth are the raw materials companies. Fall in the price of builders and developers. Positive data on sales of new housing in the U.S. are pushing the demand for risky assets. Further continuation of the program QE2 also has a positive impact on the global economic recovery. - The euro/dollar declines by 0.08% and traded at 1.3702, after yesterday, EUR / USD rate in the session reached a point 1.3722. Investors have decided to do a little breather after buying the euro for the past two weeks. Another portion macro statistics both in Europe and the U.S. should set a certain tone in favor of a currency. - Commodity market shows a mixed trend. The cost of oil today is corrected, reduced by 0.67% to 96.9 after the EIA report that stocks of raw materials in the U.S. last week rose by 4.8 million barrels. Copper futures in Shanghai are growing, despite news that China plans to reduce imports of copper in 2011 to 4.5% in the dearness of the metal, and switch to the consumption of cheaper scrap does not stop the growth of copper futures in Shanghai. - Trading in Europe is likely to take place in a positive manner. Many experts believe that statistics for the euro area, published today, will be positive. So the German CPI on an annualized basis to rise to 2%. The projected improvement in consumer confidence and economic climate in the Euro zone should have a positive impact on the European market quotations. - In the U.S. reporting season continues, where most companies show earnings growth in the fourth quarter. Positive tone has asked Starbucks Corporation, and Symantec. Today will be interesting reports Procter & Gamble, Colgate-Palmolive, Amazon, AT & T, at the close of trading Microsoft. It will also become aware of data on orders for durable goods, whose growth should reach 1.5%, and the primary applications for unemployment benefits should increase by 5 thousand - For the domestic market external news background is moderately positive. After a good trade in London should grow up in the share price of ENRC and Kazakhmys, which will be the main engines index KASE. Halyk Bank may also grow after yesterday's decline, support it, probably shares Kazkom. 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 465.0 n/a Review n/a KAZKOMMERTSBANK -PREF KASE - n/a Review n/a HALYK BANK-GDR LSE 10.6 n/a Review n/a HALYK BANK KASE 385.0 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 +4 KAZKMUNAIGAZ KASE 19,490.0 20,062.0 Hold +3 BMB MUNAI AMEX 0.87 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,533.0 1,427.0 Hold -7 ENRC LSE 1,018.0 1,216.0 Buy +19 KAZAKHGOLD-GDR LSE 3.6 7.0 Buy +96 URANIUM ONE LSE 5.9 3.3 Sell -44 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 19,606.0 33,825.0 Buy +73 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. [2011-01-27]