Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for February 25, 2011

/IRBIS, February 25, 2011/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for February 25, 2011. Analysts of IFH RESMI give attention to the following to the important events in the markets: - On Wednesday, February 24, Kazakhstan Stock KASE index increased by 0.49% to reach 1,801.84 points. The volume of transactions with shares included in the representative list increased by 4 times the previous day and made 215.5 million KZT ($ 1.5 million). Market movers became common share of JSC Exploration and Production KMG, which rose in price by 5.2%. Shown an increase in quotes and Kazkommerbank Kazakhtelecom by 2.5% and 0,025% respectively. Paper metals sector showed a decrease in value. So, ENRC fell 0.9%, Kazakhmys by 1.5%. Leader became BankCenterCredit fall, dropping 2.3% to 641 KZT per share. - Trading in the U.S. on Thursday, February 24 ended in opposite changes of the indices. Exerted pressure on the market situation in Libya and other oil-producing countries. At the same time on the course of trading was influenced by the macroeconomic news. Thus, according to published U.S. Department of Labor, the number of initial claims for unemployment benefit last week from February 13 to 19, 2011 has decreased from 413 thousand to 391 thousand Thus, at the end of the trading index of "blue chips" Dow Jones Industrial Average fell by 0.31% to 12,068 points. The index of wide market S&P 500 closed lower at 0.10% at 1,306 points. "High tech" Nasdaq Composite closed by growth of 0.55% to 2,738 points. Trading in Europe ended with the fall of most indexes. Against the backdrop of riots in Libya, a number of European oil companies have announced the suspension of activities in Libya, which fueled the already soaring oil prices. This in turn has affected the share prices of oil and gas companies. So, Total shares rose 1.52%, ENI - 1.29%, BP - on 0.92%, and Repsol - on 1.62%. However, shares fell automakers and airlines due to rising fuel prices. Shares of German airline Lufthansa lost in the price of 2.7%, and International Consolidated Airlines Group - 3.5%. Renault shares fell 2.7%, BMW - by 2.2%. According to trade in the British FTSE 100 index fell 3.55 points (-0.06%) - up to 5 919.98 points, the German DAX - to 64.1 points (-0.89%) - 7,130.5 points - Trading on the commodity markets were in a mixed way. Industrial metals traded in the "red zone", with the exception of aluminum (primary increased by 0.06%, the alloy at 0.21% and NASSAC - +0.04%). Showed the greatest decrease lead - 2.36% to 2,485 U.S. dollars. Again the effect on the value of "black gold" has a destabilization of the situation in Libya. Thus, the cost of Brent crude oil for the trades was 111.2 U.S. dollars per barrel, down 0.53%. WTI oil price also fell, to 95.8 (-0.75%). Agricultural commodities showed negative dynamics of price changes, except for sugar (0.94%). Wheat, corn and cotton declined by 2.06%, 0.83% and 2.83% 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 583 On Review 490 53.75 Halyk bank 380 519 36.6% 456 40.29 Bank Center Credit 641 On Review 921 42.16 RD KMG 20,300 On Review 23,806 66.21 Kazkhtelekom 19,505 On Review 25,839 47.11 -------------------------------------------------------------------------- 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. [2011-02-25]