Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for February 14, 2011

/IRBIS, February 14, 2011/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for February 14, 2011. Analysts of IFH RESMI give attention to the following to the important events in the markets: - By the end of the trading session Friday, the Kazakh stock KASE index showed a negative trend. Value of the local benchmark fell by 1.0% and amounted to 1,872.45 points. Over the past week locks downward trend of the Kazakhstan stock market indicator, the decline of the index was 2%. Outsider trading week was made by the People's Bank, whose shares fell 6.7%. Kazkommertsbank showed the greatest increase in the price of shares - on 1.7%. On Friday, 07 February, five of the seven issuers included in KASE index observed decrease in quotations in the range -3.5% - -0.5%. The greatest impairment of shares shown Corporation Kazakhmys Plc (-3.5%). Leaders of the rising prices of securities are BankCenterCredit and Metallurgical Company ENRC, whose shares rose 2.8% and 0.1% respectively. On Friday, 07 February, trading GDRs and shares of Kazakh companies were in a mixed way. KKB LI (-0.1%), HSBK LI (-1.4%), ENRC LN (+1.7%), KAZ LN (+0.6%), KMG LI (+0.5%). Today for the Kazakhstan stock market develops moderately positive external background. Analysts of IFD "RESMI" believe that by the end of the trading day KASE index closes growth. - At the end of the previous week, the Tories on the U.S. stock markets were in a positive way. On the positive mood of investors affected by the news of resignation of office of President Hosni Mubarak of Egypt. Representatives of the retail industry is also positively influenced the dynamics of most indexes. Shares of Walt Disney, 3M Co, and The Coca Cola Co are still in demand by investors after a series of positive news in this list of companies in the past week. Barometer of the U.S. economy, the Dow Jones rose 43.97 points (0.36%) and amounted to 12 273.26 points. S & P 500 closed by growth of 7.28 points (0.55%) and secure at 1,329.15 points. Britain's FTSE 100 rose 42.89 points (0.71%) and amounted to 6,062.90 points. - Trading on the commodity markets were in a mixed way. Grid precious metals closed with a change in price in the range of -0.43% - 0.40%. Rising prices for food products in the world is putting pressure on inflation, which is the main driver of growth rates of gold. During the previous trading day this precious metal has risen in price by 0.03%, while the price was $ 1,357.4 per ounce. Agricultural commodities have shown price increases. Maize increased by 1.15%, while cotton rose in price by 1.27%. Brent crude oil price level fixed at $ 100.8 per barrel, or 1.1% below the previous trading day. Euro slightly given way to the U.S. dollar. The course of this currency pair was 1 euro 1.3554. 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 595 On Review 397 77.74 Halyk bank 406 519 27.8% 470 54.70 Bank Center Credit 659 On Review 1,007 63.93 RD KMG 19,200 On Review 23,662 57.07 Kazkhtelekom 19,800 On Review 24,587 58.42 -------------------------------------------------------------------------- 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. [2011-02-14]