Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for February 10, 2011

/IRBIS, February 10, 2011/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for February 10, 2011. Analysts of IFH RESMI give attention to the following to the important events in the markets: - Stock Exchange on Feb. 9, 2011 closed with a decrease of KASE index to mark a 915.57, which is 0.28% below the previous rate of 1 920.84 points. Representative list showed sided results. Thus, the banking sector has begun to adjust prices after the price increase, what was happening last week. Halyk Bank fell by 4.1%, BankCenterCredit by 0.3%, but Kakommertsbank showed a positive result in 1.7%. Paper metals sector were closed in an argument. ENRC Plc climbed 1.8% and Kazakhmys Plc paper fell by 1.2%. Kazakhtelecom Rises by 1.4%. Oil and gas sector, represented by KMG Exploration and Production, was closed in the negative trend in 0.9%. - Trading in the U.S. on Wednesday, February 9 resulted in opposite changes of the indices. Good corporate reports were offset by forecast of Mr. Bernanke, believe that the high unemployment rate will hold for several years. Thus, at the end of the trading index of "blue chips" Dow Jones Industrial Average rose 0.06% to 12,240 points. The index of wide market S & P 500 closed lower at 0.28% at 1,321 points. Nasdaq Composite closed lower by 0.29% to 2,789 points. Stock trading in Europe resulted in declining the leading index. In addition to the negative impact of U.S. markets, European shares decline also occurred because of cheap securities of mining companies amid fears of investors about the Chinese demand for raw materials after the hike. February 9 Bank of China announced to raise rates by 25 basis points, the second time in little more than a month, thus reinforcing the fight against excessive inflation. Thus, the trade results February 9, 2011 British FTSE 100 index fell by 39.04 points (-0.64%) - up to 6 052.29 points, Germany's DAX fell by 2.34 points (-0.03%) - up to 7 320.90 points. - Precious metals February 9, 2011 closed with the positive changes in quotations. Thus, gold has risen in price on 0,85%, silver continues to rise reaching a level of $ 30.2, which is 2.5% higher than previous figures, platinum and palladium also increased in price by 1.72% and 1.49%, respectively. Trades non-ferrous metals in general have shown a positive trend, although the observed weak oscillations around already made bids. The biggest price change was subjected to nickel with an increase in 1.45%. Oil rise to anxiety caused by the Egyptian events. Brent and URALS rose to 1.66% and 1.95% respectively. Prices at the auction vegetable raw materials rose. Bad weather and the expected crop failure have affected the growth of raw materials. Thus, maize and cotton increased by 3.60% and 3.02% respectively. Wheat and sugar showed smaller fluctuations, rising to 1.34% and 1.09% respectively. 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 600 On Review 397 80.07 Halyk bank 420 519 23.6% 470 63.53 Bank Center Credit 658 On Review 1,007 63.27 RD KMG 19,330 On Review 23,629 59.56 Kazkhtelekom 20,390 On Review 24,587 80.92 -------------------------------------------------------------------------- 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. [2011-02-10]