Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for April 26, 2011

/IRBIS, April 26, 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 26, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - The exterior news background is negative for the mining companies stock. The cost of oil and metals lowers as the dollar rises. Kazkom's share stock could go against the trend, after the previous day fixation. Rise of demand for Halyk bank stock is possible. - The asian indices demonstrate great decrease today. The fall of the raw-materials price also affects the markets. Nikkei loses more than 1.2% after financial reports of some Japanese corporations, such as Nintendo and Nidec, turned out worse than expected. Shanghai loses 0.9%, Hand Seng - 1.13% under the pressure of insurance companies stock. - Global fall of demand on risk assets positively affects position of dollar as it is a non-risky currency. Today euro/dollar duet lowers 0.4% and stays on level 1.4523 in advance of the data on consumer confidence in April, which index is predicted to grow up to 64.5. Also the statistics on estate prices from S&P/Case-Shiller will be available. Meanwhile, the investors have occupied a waiting attitude before the press-conference of the FRS chairman. which is planned on Wednesday. It's expected that monetary authorities would announce the QE2 end in proper time. - The raw materials market is directed to south. BRENT Oil futures contracts lower 0.4% to $123 per bar. Saudi Arabian representatives declared they felt uncomfortable on current price levels. The speculations has spreaded around the market, about the fact that the supply of oil is enough to fulfill popular demand. In Shanghai future contracts on copper supply lose more than 1.5%. Gold is $1497 per ounce, losing 0.7%. Silver loses more than 4%. Analysts of BTA Securities give the following advice for investors in securities of issuers in Kazakhstan: ---------------------------------------------------------------------------- Last. Target price Recomendation Poten- Issuer SE price for year 2011 tial, % ---------------------------------------------------------------------------- Banks ---------------------------------------------------------------------------- KAZKOMMERTSBANK-GDR LSE 7,0 6,2 Sell -11,4 KAZKOMMERTSBANK KASE 490,0 452,0 Sell -7,8 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 n/a 237,0 Buy n/a HALYK BANK -PREF1 (HSBKP1) KASE 171,0 237,0 Buy +38,6 BANK-CENTER-CREDIT KASE 525,0 - Neutral n/a ---------------------------------------------------------------------------- Oil-and-Gas: ---------------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 22,6 22,7 Hold 0 KAZKMUNAIGAZ KASE 19 500,0 20 062,0 Hold +3 BMB MUNAI AMEX 0,98 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 3,9 3,3 Sell -15 ---------------------------------------------------------------------------- Companies with small capital: ---------------------------------------------------------------------------- Kazakhtelecom 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. [2011-04-26]