Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for February 16, 2011

/IRBIS, February 16, 2011/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for February 16, 2011. Analysts of IFH RESMI give attention to the following to the important events in the markets: - By the end of the trading session Tuesday trading on the Kazakhstan Stock Exchange ended with a slight drop in the index. Value of the local benchmark fell by 0.02% and amounted to 1 888.76 points. In the secondary market of Kazakhstan Stock Exchange were signed 44 deals with shares worth 106.5 million KZT, for KZT 25.1 million more than in the previous trading day. The only representative of the "green area" were the People's Bank and the company KMG Exploration and Production, whose shares rose 3.0% and 2.4% respectively. The banking sector in the face of Kazkommertsbank and Bank CenterCredit closed at the "red area". Equities Data issuers fell by 3.2% and 0.2% respectively. Steel companies ENRC Plc and Kazakhmys Plc 2.9% and 0.2% respectively. Price shares Kazakhtelecom remained unchanged. Tuesday, February 15, trades in GDRs and shares of Kazakh companies were in a negative way. KKB LI (-4.3%), HSBK LI (-3.0%), ENRC LN (-1.5%), KAZ LN (- 2.6%), KMG LI (-0.1%). Today for the Kazakhstan stock market develops moderately negative external background. Analysts IFD "RESMI" believe that decline KASE index closes at the end of the trading session. - Tuesday, February 15 at the U.S. stock market is trading downward dynamics. Investors prefer to dispose of assets against the backdrop of negative statistics on retail sales for January. As part of the Dow Jones company Exxon Mobil, Boeing and Alcoa were the main outsiders bidding. Quotes of issuers of securities data fell by 2.3%, 1.2% and 1.1% respectively. Barometer of the U.S. economy, the Dow Jones fell by 41.55 points (-0.34%) and amounted to 12,226.64 points. S & P 500 showed similar dynamics, down to 4.31 items (- 0.32%) and amounted to a 328.01 point. The British FTSE 100 fell by 23.01 point (-0.38%) and amounted to 6 037.08 points. Today in the U.S. is expected to yield a report on the level of consumer confidence, prepared by ABC. - Trading on the commodity markets were in a mixed way. Grid precious metals closed growth against a background of rising inflation in China. Gold rose in price by 1.1%, with the price fixed at $ 373.1 an ounce. Silver, platinum and palladium gained 2.0%, 0.8% and 1.7% respectively. Agricultural commodities such as corn and wheat prices have shown a decrease by 0.8% and 3.6% respectively. Brent crude oil price level fixed at $ 101.3 per barrel, or 1.1% higher than the previous trading day. Course currency pair euro/dollar was 1 euro 1.3527. 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 583 On Review 429 58.60 Halyk bank 415 519 25.1% 61.96 Bank Center Credit 658 On Review 64.83 RD KMG 19,800 On Review 23,660 62.36 Kazkhtelekom 20,000 On Review 25,839 44.86 -------------------------------------------------------------------------- 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. [2011-02-16]