Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for February 4, 2011

/IRBIS, February 4, 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 February 4, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - The domestic market of today is likely to abstain from purchases of raw paper on the background of uncertainty about the future price of oil and metals. In this regard, the shares of the banking sector and KazakhTelecom more attractive to game improvement. - The Asian markets are now showing a positive trend. While China's markets will have a rest, Nikkei is growing at 1.1% on positive corporate accounts and transactions M & A. Largest steel maker Nippon Steel and rival Sumitomo Metal Industries announced a merger that led to an increase in stock prices of both companies by more than 9%. - Today, the euro/dollar is at yesterday's close in anticipation of release of data on the U.S. labor market where unemployment is projected at 9.5% and the numbers of jobs in non-agricultural sectors have to increase by 150 thousand in a generally positive statistics on the U.S. economy recently demonstrated improvement, with the exception of inflation. So, maybe today, data will be favorable for the dollar, which would entail the movement of the pair below 1.36. If data will be worse than expected, then the pair may again be in the range of 1.37-1.373. In Brussels, will start a European summit to discuss solutions regarding the stabilization of the situation in the Euro zone. - The raw material market growth resumed after yesterday's mild correction. Copper in New York is growing at 0.14%. The idea for the rising cost of copper is still pessimistic forecasts about the deficit in 2011. However, low demand at a price close to 10,000 per ton does not give quotes to move. Futures contracts for delivery of Brent crude added 0.5% in the Asian session, after U.S. data on unemployment, retail sales and the ISM Services supported the players' optimism about a recovery in demand in the U.S. - Today, the fate of trading in Europe and the U.S. will be determined by statistics of the U.S. labor market. According to the forecasts of economists in January, the number of new jobs in the nonagricultural sector of the U.S. economy amounted to 146 thousand, which is higher than the values of the previous month to 33 thousand private-sector employment rose by 145 thousand unemployment rate probably rose to 9.5 from 9.4% a month earlier. According to BTA Securities Positive data can play against a market that is already beginning to get used to the idea of a weaker dollar. 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 7.3 n/a Review n/a KAZKOMMERTSBANK KASE 525.0 n/a Review n/a KAZKOMMERTSBANK -PREF KASE 230.0 n/a Review n/a HALYK BANK-GDR LSE 11.5 n/a Review n/a HALYK BANK KASE 415.0 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 658.0 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 21.7 22.7 Hold +4 KAZKMUNAIGAZ KASE 19,225.0 20,062.0 Hold +4 BMB MUNAI AMEX 0.88 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,594.0 1,427.0 Hold -10 ENRC LSE 1,063.0 1,216.0 Hold +14 KAZAKHGOLD-GDR LSE 3.4 7.0 Buy +107 URANIUM ONE LSE 6.8 3.3 Sell -51 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 19,650.0 33,825.0 Buy +72 STEPPE CEMENT LSE 53.5 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. [2011-02-04]