Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for March 4, 2011

/IRBIS, March 4, 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 4, 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 may be shares of ENRC and Kazakhmys. KMG EP shares may rise on the back of high oil prices. - Asian indices, without exception, are growing today. Beneficial effect on the market yesterday was surprisingly positive U.S. statistics on initial applications for unemployment benefits and an index of business activity in the services sector. Supports the growth and the weakening of quotations of oil prices in response to the proposal of Venezuela to mediate in the settlement of the conflict in Lebanon and Libya, the army action to protect oil facilities. Indices Nikkei, Hang-Seng and Shanghai grow by 0.2% -1.2%. - After yesterday off a pair of Euro / dollar today, down by 0.1% and is trading at 1.3956. Couple could take a mark 1.40 after yesterday's announcement of a possible tightening of ECB monetary policy next month, if the statistics on the labor market in the U.S. was not so favorable. Number of initial claims for unemployment benefits declined, while the projected growth. Moreover, today published the data changes off-farm employment and unemployment in February. Data can be contradictory, since, according to experts, employment outside agriculture will grow by 189 thousand, but the unemployment rate increased from 9% to 9.1%. In general, we believe that changes in the labor market will be played in favor of the dollar, resulting in a pair may fall into the range 1.387 - 1.393. - Crude oil futures Brent today are growing at a moderate pace after a significant decrease in the previous day. Copper in Shanghai and New York, shows a neutral trend. Spot price for the "red metal" was again below the three-month futures prices, which largely speaks about weakening demand and the completion of a speculative growth phase. - European and U.S. markets will begin trading today with a clean slate. Statistics of the United States will again be in the spotlight. Today will be published key data on U.S. labor market. It is expected that employment in the nonagricultural sector in the country rose in February by 196 thousand, and in the private sector - to 200 thousand unemployment rate rose to 9.1% from 9% a month earlier. It should be noted that expectations for this have already been laid in the indexes, given the market rally in the last 2 days. Therefore, the results of a correction in the markets. In addition, strong positive unemployment can talk about the imminent decommissioning of anti-crisis measures. 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 10.3 n/a Review n/a HALYK BANK KASE 385.0 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 23.6 22.7 Sell -4 KAZKMUNAIGAZ KASE 20,210.0 20,062.0 Sell -1 BMB MUNAI AMEX 1.03 n/a Review n/a -------------------------- ----- -------- ------------ --------- --------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,487.0 1,427.0 Hold -4 ENRC LSE 967.0 1,216.0 Buy +26 KAZAKHGOLD-GDR LSE 3.2 7.0 Review n/a URANIUM ONE LSE 6.4 3.3 Sell -49 -------------------------- ----- -------- ------------ --------- --------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 19,500.0 33,825.0 Buy +73 STEPPE CEMENT LSE 47.5 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. [2011-03-04]