Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for April 28, 2011

/IRBIS, April 28, 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 28, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Domestic stock markets will hold the trade in positive manner. The interest may possibly be in the raw material sector thanks to today metal price increase. Banking sector stocks may restore after Wednesday quotations fall - Asian indices go up thanks to USA news, when FRS head had confirmed the regulator's tend to soft monetary policy, thanks to controlled inflation, moderate economic growth tempo and high unemployment level. Nikkei goes up 1.3%, Hang Seng - 0.5%. - The investors start actively selling dollar after yesterday Bernanke's speech, who supported the continuation of soft monetary policy until the labour-market would stabilize. Regulator also didn't change the conditions on inflation, marking it was temporary, connected with the rise of raw materials prices. In the long term, the percent rates stayed on the minimum (0- 0.25%), and the QE program would be finished in full volume ($600 billion) by the end of June, and the Central Bank would go on reinvesting the funds gained from the repayments on the bought stocks (hypothecary bonds and exchequer stock) on the first round of QE. Bernanke has declined the possibility of the third round of the program taking place. Also, the potential delation of USA economic growth was noted to be 1.8-2% in the first quarter of 2011. The statistics on GDP will be available today. In the meantime, the EUR/USD rate increased 0.53% up to 1.487. - Positive movement can be seen in the metals market. After the recent days great quotation decrease copper prices started the restoration thanks to the metal demand increase. Copper future contracts gain 1.4% in New York, 0.3% in Shanghai. Gold is more than $1,528 per ounce. Brent futures are at the same level as yesterday closing. - The trading dynamics in Europe and USA will be affected by American statistics on the real GDP growth, personal consumption, number of primary orders for unemployment benefit and the dynamics of the number of signed contracts on purchase of estate. The growth of USA economics is predicted to be 2%, personal consumption - on the same level. 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 6.9 6.2 Buy -10.1 KAZKOMMERTSBANK KASE 485.0 452.0 Buy -6.8 KAZKOMMERTSBANK -PREF KASE 225.0 226.0 Buy +0.4 HALYK BANK-GDR LSE 9.9 13.6 Sell +38.1 HALYK BANK KASE 362.0 474.0 Sell +30.9 HALYK BANK -PREF (HSBKP) KASE n/a 237.0 Sell n/a HALYK BANK -PREF1 (HSBKP1) KASE 171.0 237.0 Sell +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 0.98 n/a Review n/a -------------------------- ---- -------- ------------- --------- ------- Metallurgy: ------------------------------------------------------------------------ KAZAKHMYS PLC LSE 1,366.0 1,427.0 Hold +4 ENRC LSE 913.5 1,216.0 Sell +33 KAZAKHGOLD-GDR LSE 2.2 n/a Review n/a URANIUM ONE LSE 4.1 3.3 Buy -19 -------------------------- ---- -------- ------------- --------- ------- Companies with small capital: ------------------------------------------------------------------------ Kazakhtelecom KASE 19,600.0 33,825.0 Sell +73 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. [2011-04-28]