Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for April 25, 2011

/IRBIS, April 25, 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 April 25, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Today on the Kazakhstan stock market the exterior news market is neutral. The investors could play positive growth of oil cost on RD KMG stock after profit fix on Friday. Metallurgical corporations would demonstrate mixed dynamics. Positive dynamics on separate issuers of the banking sector is possible. - Asian indices demonstrate mixed dynamics. Nikkei goes up 0.3%, being supported by Japanese exporters, particularly auto-vendors. Yen decrease, related to Japan Bank's stimulating measures positively affects the country's export amount. Shanghai decreases 0.7% in the background of the concern of the inflation grow and PRC toughening monetary policy. - Today euro/dollar duet increases 0.05% and is on 1.4567 level. Asian investors decided not to take risk and wait for European and American macrodata. Today the statistics over American estate market is to be published, in which the increase of new estate sales by 12% is expected. On February this index lowered 16.9%. Also the increase of producing activity in Dallas is expected. Euro/dollar duo would stay between 1,452 and 1,458. - The raw-materials market is multidimensional. BRENT oil futures contacts increase 0.2% and stay on $124.4 level. The news that Saudi Arabia is not planning to increase the amount of oil production to 15 million barrels strengthens the concerns about the decrease of oil supply from Middle East. Gold reaches new historical maximum. Today precious metals rates increased to %1516 per troy ounce. Meanwhile, in Shanghai the future contracts on copper distribution lower 0.7%. 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 2011 year mendation % percent ange -------------------------------------------------------------------------- Banks -------------------------------------------------------------------------- KAZKOMMERTSBANK-GDR LSE 7,0 6,2 Sell -11,4 KAZKOMMERTSBANK KASE 510,0 452,0 Sell -11,4 KAZKOMMERTSBANK -PREF KASE 225,0 226,0 Sell +0,4 HALYK BANK-GDR LSE 9,9 13,6 Buy +37,9 HALYK BANK KASE 370,0 474,0 Buy +28,1 HALYK BANK -PREF (HSBKP) KASE 185,2 237,0 Buy +27,9 HALYK BANK -PREF1 (HSBKP1) KASE 171,0 237,0 Buy +38,6 BANK CENTER CREDIT KASE 526,0 - Neutral n/a -------------------------------------------------------------------------- Oil and Gaz: -------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 22,6 22,7 Hold 0 KAZKMUNAIGAZ KASE 19 500,0 20 062,0 Hold +3 BMB MUNAI AMEX 0,94 n/a Review n/a -------------------------------------------------------------------------- Metallurgy: -------------------------------------------------------------------------- KAZAKHMYS PLC LSE 1 385,0 1 427,0 Hold +3 ENRC LSE 937,5 1 216,0 Buy +30 KAZAKHGOLD-GDR LSE 2,3 n/a Review n/a URANIUM ONE LSE 4,0 3,3 Sell -17 -------------------------------------------------------------------------- Companies with small capital: -------------------------------------------------------------------------- KAZAKTELECOM KASE 19 750,0 33 825,0 Buy +71 STEPPE CEMENT LSE 43,3 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. [2011-04-25]