Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for February 9, 2011

/IRBIS, February 9, 2011/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for February 9, 2011. Analysts of IFH RESMI give attention to the following to the important events in the markets: - KASE index continued steady growth, rising by 10 points, 8 February 2011 to the level of 1,920.84. The volume of transactions rose to 236.4 million KZT. Representative list of KASE mainly showed positive changes that have affected the rise in the index. Thus, the only outsider was the metallurgical sector, which fell slightly Paper Kazakhmys Plc to 0.1%. Market movers this time was a simple action KazMunaiGas Exploration Production, which is up 1.6%. Securities of the financial sector continue to please its positive price trends. For example, shares KKB up by 0.9%, the National Savings Bank went up by 0.7% and BankCenterCredit, still the volume leader, rose in price by 0.3%. Common shares of the sole representative of telecom sector, KazakhTelecom, became expensive by 0.5%. - Stock markets in Europe 8 February 2011 have opened with small negative correction after weeks of growth, when many indices have reached two-year Maximums. One of the key news affect the mood of investors was the message of increasing refinancing rates by the Central Bank of China. Before that, China has raised key interest rates, and this is the third time in the last 4 months old. The base rate was raised to 6.06%, up 0.25% percent above the previous figure. Chinese central bank's decision led to a sharp drop in base metals. Securities mining companies fell subjected to this news, but many of them still closed with a "plus" to the end of the day. Nevertheless, the message is not strongly affected the main European indicators, which showed no strong final changes. The final positive swing was due to hard demand for securities of the banking sector and the automotive industry. British FTSE 100 climbed 0.7%, American DJIA30 rose by 0.6%, S&P 500 also rose by 0.4%. - Trading in the commodities market, February 8, 2011 closed in a mixed way. Thus, the precious metals sector showed a small-sided volatility, where gold and silver rose by 0.28% and 0.58% respectively. A platinum and palladium is cheaper at 0.07 and 0.21% respectively. Quotes for base metals are basically closed down on the negative note. Nickel fell to 2.96%, and the lead down to the level of $ 2,568, which is 2.91% lower than previous figures. Zinc also showed a negative trend, falling to 1.73%. Oil prices also were closed in a mixed way: Brent price increased by 0.97%, URALS rose to 1.02%, but the mark WTI Cushing fell by 0.62%. Prices for vegetable- commodities market have shown correction of the quotes of sugar, whose contract fell by 4.65%. Nevertheless, wheat continues to rise in price, and rose by 1.8%. Corn is slightly slowed down in price by 0.15%, and cotton went up marginally to 0.45%. 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 590 On Review 397 78.95 Halyk bank 438 519 18.5% 470 77.67 Bank Center Credit 660 On Review 1,007 65.43 RD KMG 19,500 On Review 23,682 62.65 Kazkhtelekom 20,100 On Review 24,587 77.07 -------------------------------------------------------------------------- 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. [2011-02-09]