Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for March 4, 2011

/IRBIS, March 4, 2011/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for March 4, 2011. Analysts of IFH RESMI give attention to the following to the important events in the markets: - Today, March 3, KASE index closed in the green zone. Value of the index showed an increase of 0.68% and was fixed at 1,821.32 points. Also, the volume of transactions increased from the previous trading day by 22.7% and amounted to 23.2 billion KZT (in U.S. dollar equivalent of $ 159.5 million). The top gainers on Thursday were Kazakhmys Plc and The People's Bank. Change in stock price data issuers was 5.72% and 1.32% respectively. In contrast to previous positive trends in the prices of KMG and ENRC yesterday issuers of securities traded in the red zone. The decline was 0.2% up to 210 KZT per share and 2% to 351 KZT per share, respectively. No changes were made by the paper of the Bank CenterCredit, KKB and Kazakhtelecom. KASE index last month fell by 2.9%. - European shares 2 March 2011 resulted in declining the major indices on the background of unrest in West Africa and the Middle East, which negatively affected the global economy, supply and prices of oil. In reversing the corridor were the shares of one of the leading banks. So, the British Barclays and German Deutsche Bank have shown an increase of 0.37% and 0.29% respectively. In turn, the French Societe Generale and the UK Royal Bank of Scotland fell by 1.33% and 0.23%. Oil and gas companies have closed in the minus, for example such as the British-Dutch Royal Dutch Shell fell by 0.56%, Italian Eni SpA At 0.17%, and French Total SA to 0.24%. Also, mining companies have shown decline. Shares of British-Chilean Antofagasta at 2.33%, Anglo-Australian Rio Tinto on 2.45% and the British Anglo American fell 1.41%. 2 March 2011. British index FITSE 100 closed lower at 20.87 points or -0.35% on the previous day. Meanwhile, the U.S. market March 2, 2011 were closed in the plus mark, the index Dow Jones Industrial average "blue chips rose 0.07% and Nasdaq Composite by 0.39% which was 2,748.07 points. - Х Muammar Gaddafi agreed to a peace plan of President Hugo Chavez of Venezuela. Solution for a peaceful settlement led to a decline in hydrocarbon prices. WTI crude oil lost $ 0.3, dropping to $ 101.9 per barrel. The price for Brent crude futures fell $ 1.52 to $ 114.83. Effect only temporarily, since there is a possibility that the fighting in Libya destroy the oil infrastructure. According to Bloomberg, oil production in the country dropped to 0.9 million barrels per day from pre-crisis level of 1.6 million, followed by oil rally in gold is temporarily stopped. Consolidated gold at $ 1418.8 per ounce compared to $ 1,434.49 at close of business on Wednesday, when prices reached a historical high of $ 1,440.10 an ounce. On the currency market dynamics to determine the solution of a possible ECB rate hikes to fight inflation, while at the same time, the Fed does not change the rate. As a consequence, in the medium term outlook for gold is positive. The price of silver fell to $ 34.62 an ounce from $ 34.67 at close of business on Wednesday, platinum fell to $ 1,831.5 compared to $ 1,845.74, palladium - $ 808.47 versus $ 816.72. 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 52.13 Halyk bank 385 519 34.8% 456 42.71 Bank Center Credit 626 On Review 921 35.17 RD KMG 20,210 On Review 23,873 62.31 Kazkhtelekom 19,500 On Review 26,057 47.08 -------------------------------------------------------------------------- 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. [2011-03-04]