Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for February 15, 2011

/IRBIS, February 15, 2011/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for February 15, 2011. Analysts of IFH RESMI give attention to the following to the important events in the markets: - Trading session on Monday was marked by the growth of index KASE. Value of the local benchmark rose by 0.9% and amounted to 1,889.14 points. In the secondary market of Kazakhstan Stock Exchange were signed 57 deals in shares for a total of 81.4 million KZT that is less for 33.9 million KZT than in the previous trading day. At the forefront of the growth of quotations of securities made by ENRC Plc and Kazakhmys Plc, whose share price rose by 3.0% and 2.1% respectively. In the second tier of issuers that have demonstrated growth in stock prices, were the company KMG Exploration and Production, Kazakhtelecom and Kazkommertsbank. Paper Data issuers rose by 0.7%, 1.0% and 1.2% respectively. People's Bank and Bank CenterCredit were in the red area with a decrease in stock price by 0.7% and 0.1% respectively. At Monday, February 14, trades GDRs and shares of Kazakh companies were in a mixed way. KKB LI (-4.1%), HSBK LI (+1.2%), ENRC LN (+0.5%), KAZ LN (+1.3%), KMG LI (-0.5%). Today for the Kazakhstan stock market develops moderately negative external background. We believe that the KASE index closes within a neutral value by the end of the trading day. - On Monday, February 14 at the U.S. stock market is multidirectional dynamics of bidding. The news of the resignation of office of President Hosni Mubarak of Egypt still is the main factor in the growth of the major stock market indexes. As part of the Dow Jones index of stock price the growth leaders were Exxon Mobil, Chevron and Alcoa, whose stock prices rose by 2.5%, 1.3% and 1.3% respectively, against the backdrop of a published report on China's trade surplus, according to which the growth of imports was 51%. Barometer of the U.S. economy, the Dow Jones fell by 5.07 points (-0.04%) and amounted to 12,268.19 points. S & P 500 showed the opposite dynamics, registering an increase of 3.17 points (0.24%) and amounted to 1,332.32 points. The British FTSE 100 fell by 2.81 points (-0.05%) and amounted to 6,060.09 points. - Trading on the commodity markets were in a mixed way. Grid precious metals closed with a change in price in the range of -0.21% - 0.50%. Gold underwent correction become cheaper by 0.1%, with the price fixed at $ 364.3 an ounce. Agricultural commodities such as corn and cotton have shown a decrease in prices by 1.5% and 2.1% respectively. Support the growth of copper, which rose in price by 2.3%, helped out a report on China's trade surplus, according to which import growth in China was 51%. Brent crude oil price level fixed at $ 102.9 per barrel, or 1.9% higher than the previous trading day. Euro continued to give the position of the U.S. dollar. The course of this currency pair was 1 euro 1.351. 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 602 On Review 479 78.70 Halyk bank 403 519 28.8% 429 52.97 Bank Center Credit 659 On Review 921 63.29 RD KMG 19,330 On Review 23,660 58.92 Kazkhtelekom 20,000 On Review 25,839 62.36 -------------------------------------------------------------------------- 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. [2011-02-15]