Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for February 7, 2011

/IRBIS, February 7, 2011/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for February 7, 2011. Analysts of IFH RESMI give attention to the following to the important events in the markets: - KASE index on session on Friday, Feb. 4, 2011, rose to the level of an 895.04, which is 1.05% above the previous figure. Paper of the banking sector continues to grow strongly. Thus, the leader of the trades on the growth in stock prices began to Kazkommertsbank, which went up in price by 8.6%. Next will be the common stock of the National Savings Bank, which rose in price by 1.2%, and the paper of the Bank CenterCredit not significantly raised by 0.2%. At this time shares ENRC Plc fell markedly in price, showing the level of 1.6% lower. Common stock of another member of metallurgical sector Kazakhmys Plc remains illiquid: the paper is not traded in the last session. Exploration and Production KMG has shown little volatility in price and slightly fell to 0.1%. - On Friday, 04 February, the stock trades in Europe ended in a small increase in the indices. Increase was due to the fact that representatives of the Federal Reserve System announced that the country's monetary policy will remain unchanged. Nevertheless, the markets were weak volatility during the day, waiting for the release of statistics in the U.S., and because of the approximation of output, as some investors opted to take profits partial sale of securities. In addition, U.S. stock markets opened with a negative margin because of the data U.S. Department of Labor that the number of jobs in nonagricultural sectors of the economy in January increased by 36 thousand, which was less than the forecast of experts in more than 100 thousand despite these negative facts, the majority of European securities raised in price. According to the results of the day, the English FTSE rose by 0.23%, DJIA at 0.3%, as well as the S & P 500, NIKKEI 225 rose by 1.1%. In general, shares of the mining sector have shown the positive nature of the increase in raw material costs. The same paper from banks and insurance companies were closed in a positive way. - Trading in precious metals at the end of the week, February 4, 2011, closed with a positive change. Thus, gold has risen in price by 1.17%, silver has risen in price on 1.74% and platinum with palladium showed a small positive trend of 0.65% and 0.32% respectively. The largest price changes in the last work week were subjected to silver, which rose by 7.44%. Base metals markets were closed in a mixed way, but did not show strong volatility. In this category, a higher percentage change was in the nickel with an increase in 1.06% and aluminum alloy in -0.64%. The session on Friday, oil fell. So, URALS dropped to 96.6 (-1.83%), Brent closed at the price of 99.8, which is 1.64% lower, and the WTI Cushing fell by 1.67%. Bidding vegetable raw materials were mixed: the sugar and kukurza rose 1.87% and 2.42% respectively, while wheat and cotton have fallen in price on 0.61% and 2.33% respectively. According to the results of the working week corn went up by 3.18%, wheat at 3.15%, sugar fell by 3.83%, while cotton fell by 1.34%. 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 570 On Review 397 76.65 Halyk bank 420 519 23.6% 464 72.28 Bank Center Credit 659 On Review 1,007 65.29 RD KMG 19,200 On Review 23,682 59.18 Kazkhtelekom 19,650 On Review 24,880 68.37 -------------------------------------------------------------------------- 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. [2011-02-07]