Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for April 27, 2011

/IRBIS, April 27, 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 bidding on Kazakhstani Stock Exchange will suffer the affection of multidimensional spirit. The confused raw materials market dynamics will slightly restrain the investors' appetites for mining enterprises stock. Banking sector includes Halyk bank, whose rating has been heightened by Fitch Ratings yesterday. Kazkom shares seem to be risky territory after the previous day rise. The significant price decrease of ADR on European floors may affect Kazakhtelecom's bidding. - The asian indices go up today, being supported by the investors' optimism on the background of consumer confidence growth in USA. Nikkei goes up more than 1%, in spite of the reduction of sovereign rating to "negative" done by S&P. The forecast is connected with country's high burden that may rise in the background of the necessity of huge expenditures on the restoration of infrastructure that suffered a powerful earthquake in March. Shanghai goes up 0.25%, Hang-Seng - 0.37%. - The raw materials market has positive alignment. After the last day decrease, oil and copper are in demand again. Brent futures grow 0.23% and make $124.2 per barrel. The increase of the consumer confidence intensifies the actors' optimistic mood about further economic restoration in USA. That creates the prerequisites for speculations around the rise of fuel consumption, supporting the oil quotation. Copper futures gain 0.2% in the background of Chinese and Japanese expectations on demand rise. Gold is more than $1508 per ounce. - The EUR/USD duet continues to grow, gaining 0.26% and making up 1.4683 ahead of the press-conference of Bernanke, FRC chairman. The majority of the actors expects the new measures on economical stimulation to come out, after the end of the quantative softness program in June. The percent rates would not be increased, as experts think. The FRC representatives, who earlier supported the strengthening of the monetary policy, don't have significant vote. And Bernanke himself, vice-chairman Yellen and NY FRB chairman Dudley tend to soft policy. A large bulk of statistics will come out before the conference: Germany's CPI, European industrial orders and orders for durable goods in USA. Thereupon, volatile dynamics of trade is expected in 1.455-1.47 range. - European and American bidding will be affected by the totals of two-day FRS meeting and the macrostatictics. On the forecast, Germany's consumtion price index grew from 2.1% to 2.4%. Such growth will intensify the investors' expectations for further increase of ECB rates. Industrial orders in Euro zone would increase 1.5%. USA will publish the data on durable goods orders, which have increased 2.3% in March, as experts think. Analysts of BTA Securities give the following advice for investors in securities of issuers in Kazakhstan: ------------------------------------------------------------------------ Last. Target price -Recomme- Poten- Issuer SE price for year 2011 ndation tial, % ------------------------------------------------------------------------ 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 10,0 13,6 Buy +36,1 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 515,0 - Neutral n/a ------------------------------------------------------------------------ Oil-and-Gas: ------------------------------------------------------------------------ KAZKMUNAIGAZ-GDR LSE 22,6 22,7 Hold 0 KAZKMUNAIGAZ KASE 19 550,0 20 062,0 Hold +3 BMB MUNAI AMEX 0,95 n/a Review n/a ------------------------------------------------------------------------ Metallurgy: ------------------------------------------------------------------------ KAZAKHMYS PLC LSE 1 391,0 1 427,0 Hold +3 ENRC LSE 933,5 1 216,0 Buy +30 KAZAKHGOLD-GDR LSE 2,3 n/a Review n/a URANIUM ONE LSE 3,9 3,3 Sell -16 ------------------------------------------------------------------------ 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. [2011-04-27]