Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for March 3, 2011

/IRBIS, March 3, 2011/ - JSC BTA Bank's Subsidiary organization BTA Securities (BTA Securities, Almaty) has provided IRBIS with a survey of main events, Forecasts and Investment ideas for March 3, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Today on the Kazakhstan stock market can only slightly positive trend. In the black could be sharply fallen in price yesterday, shares of ENRC and KKB. KMG EP shares may rise on higher oil prices. - Asian indices, without exception, are currently increasing, but at a moderate pace, on the positive on the U.S. labor market. In February, the actual number of new jobs created exceeded the expectations of the market, 217 thousand against 180 thousand, according to calculations agency ADP. Event until outweighs concerns about the negative development in the Arab crisis for the global economy. Indices Nikkei, Hang-Seng and Shanghai are growing by more than 0.5%. - Today in Asian trading, the euro/dollar decreases at 0.05% and traded at 1.386 on the eve of the decision the ECB to change interest rates in the Euro zone in the near future. Marginal support to the dollar yesterday while providing data on the labor market in the U.S., where the number of new jobs in the private sector grew by 217tys., Exceeding the expectations of experts on 32 th Today, all attention is riveted to the statement ECB President Trichet. Market participants believe that the monetary authorities would have time to give serious attention to the execution of its mandate - to ensure price stability in the region. Today, therefore, investors are waiting for clear hints of an early tightening of monetary policy. Before the ECB press conference leave retail sales data, PMI and Euro zone GDP. In the U.S., is expected to increase the number of initial claims for unemployment benefits on 4tys. Overall, the day is likely to emerge in favor of European currency, perhaps we will see to overcome the level of 1.39. - Crude oil futures Brent today continue to rise but at a moderate pace. Unexpected drops in U.S. oil inventories, as well as the newly received concerns about the development of the Libyan crisis lead up quotes. Copper in Shanghai and New York, shows the neutral dynamics on fears about slowing global economic growth on the back of high oil prices. - European and U.S. markets will begin trading today with a clean slate. Positive dynamics of Asia is mainly related to yesterday's U.S. data on employment, which are new and the old light played in full. Today, investors, inspired by statistics on the labor market will look at the weekly data on unemployment, interest will also provide figures for the business services sector. Economists expect weak growth of applications for unemployment benefits and a slight decline in business activity. Concerns about the slowing global economy against the backdrop of the continuing increase in oil prices persist, and any bad news from the Arab countries can re-heat the oil market, which is not in favor of the stock market Analysts of BTA Securities give the following advice for investors in securities of issuers in Kazakhstan: -------------------------------------------------------------------------- Stock Final Target price Recom Potential Emitter Exch price 2010 year mendation % percent ange -------------------------- ----- -------- ------------ --------- --------- Banks -------------------------------------------------------------------------- KAZKOMMERTSBANK-GDR LSE 7.9 n/a Review n/a KAZKOMMERTSBANK KASE 540.0 n/a Review n/a KAZKOMMERTSBANK -PREF KASE 230.0 n/a Review n/a HALYK BANK-GDR LSE 10.4 n/a Review n/a HALYK BANK KASE 380.0 n/a Review n/a HALYK BANK -PREF (HSBKP) KASE - n/a Review n/a HALYK BANK -PREF1 (HSBKP1) KASE - n/a Review n/a BANK CENTER CREDIT KASE 626.0 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 23.1 22.7 Sell -2 KAZKMUNAIGAZ KASE 20,250.0 20,062.0 Sell -1 BMB MUNAI AMEX 1.03 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,437.0 1,427.0 Hold -1 ENRC LSE 947.5 1,216.0 Buy +28 KAZAKHGOLD-GDR LSE 3.2 7.0 Review n/a URANIUM ONE LSE 6.3 3.3 Sell -47 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 19,500.0 33,825.0 Buy +73 STEPPE CEMENT LSE 46.5 n/a Review n/a -------------------------------------------------------------------------- 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. [2011-03-03]