Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for February 23, 2011

/IRBIS, February 23, 2011/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for February 23, 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, the Kazakhstan Stock KASE index showed a negative trend. Value of the local benchmark fell to 1.81% and amounted to 1,804.52 points. Yesterday, February 22, six of the seven issuers included in KASE index observed decrease in quotations in the range -4.4% - -1.0%. The greatest impairment of shares showed Kazkommerbank (-4.4%). Shares of other representatives of the banking sector, Bank CenterCredit and Halyk decreased by 1.2% and 1.0% respectively. Sole representative of the "green area" was the company Exploration and Production KMG, the price of the shares of which rose by 0.8%, to 19,050 KZT per share. - The stock trades in Europe on February 22 ended lower against major indexes gain geopolitical tensions in the Middle East. The crises in Libya, there were concerns about the decrease in volumes of international tourism. In addition, because of the situation in the Middle East spike in the price of fuel. Against this background of decreased value of shares of airlines and securities industry professionals. So, shares of French airline Air France fell 3.04%. By 0.86% cheaper securities Italian oil company ENI, to 1.23% - the Spanish Repsol. Thus, the trade results on Feb. 22 British FTSE 100 index fell 18.04 points (-0.3%) - To 5996.76 points, the German DAX - on 3.46 points (-0.05%) - to 7,318.35 points. On the background of destabilization in the Middle East, the U.S. stock markets also closed in negative zone. Thus, in the trading index of "blue chips" Dow Jones Industrial Average dropped to 1.44% to 12,212.79 points. The index of wide market S & P also closed was down 2.05% at 1,315.44 points. "High tech" Nasdaq Composite fell 2.74% to 2,756.42 points. - Commodity markets closed fall. Grid precious metals closed with a change in price in the range of -2.76% - -0.35%. Complicated geopolitical situation in the Middle East affects the change in the value of "black gold". On the background of confrontation and opposition to the authorities, Libya has stopped oil supplies, in addition, is gradually reduced and the supply of gas from the country. According to experts, is currently in Libya's oil production declined by about 100 thousand barrels per day. Given that no one can give accurate predictions of further developments, analysts do not exclude that in the near future oil will continue to set records. Thus, the Brent crude oil dropped in price by 1.41%, to $ 106 per barrel. While WTI rose by 8.55%, amounting to 93.6 dollars per barrel. Agricultural commodities have shown a fall in prices. Corn, cotton and sugar decreased by 4.23%, 4.61% and 0.19%. Leader incidence among agricultural commodities has become wheat. Negative price change was 7.3% to 752.8 U.S. dollars. 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 490 50.07 Halyk bank 388 519 33.8% 456 44.06 Bank Center Credit 650 On Review 921 50.43 RD KMG 19,050 On Review 23,824 51.88 Kazkhtelekom 19,700 On Review 25,839 51.84 -------------------------------------------------------------------------- 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. [2011-02-23]