Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for April 29, 2011

/IRBIS, April 29, 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 29, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - The trade on domestic stock exchange would be negative. "Bear" sentiment could possess the producing sector stocks as a result of the price decrease on industrial metals and oil price stabilization. - The trade on Asian floors goes multidimensional today. The USA economic statistics didn't seem to impress the Asians. The Hang-Seng decreases 0.5%, while Shanghai index goes up only 0.1% due to the anxiety of the USA economic rise. As states, the tempo of American GDP growth made only 1.8%, while expecting 2%. The tempo reduce is connected with the sharp reduction of state expenditures on the defences. Intense totals of the Chinese banking activity as of the first quarter slightly support the markets. - Today the EUR/USD duet rises only 0.05% and stays on 1.483 levels. The yesterday huge amount of economic statistics affects the dollar insignificantly. The investors are still being affected with yesterday FRS press conference. It seems that the players have thought the EUR growth up to 1,49 was enough, deciding to have a break and interrogate the last data on USA economics (GDP growth reduction from 3.1% to 1.8% and the consumption - from 4% to 2.7%) and future FRS policy. Probably, the next active trade phase will be connected with the switch of investors' attention from USA to Eurozone, where the expectations on restructuring Greece debts are strengthened. But, the issue of the ECB percent rates augmentation is now restraining the euro turnout from the 17-month maximums - The situation on goods markets is also negative. Copper futures decrease 0.4% in New York, and 1.2% in Shanghai. The quotations are affected by the fear on PRC government's measures on the inflation restraint that could lead to the lack of demand. Gold is corrected after yesterday growth. Brent futures are at the level of yesterday's closure. - The trade dynamics in USA and Europe will be affected by the macroeconomic data. The statistics on personal receipts and expenditures, business activity index in Chicago and consumer confidence index, calculated by Michigan University, will see the light today in USA. 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 7.2 6.2 Sell -13.3 KAZKOMMERTSBANK KASE 509.5 452.0 Sell -11.3 KAZKOMMERTSBANK -PREF KASE 225.0 226.0 Sell +0.4 HALYK BANK-GDR LSE 9.7 13.6 Buy +39.6 HALYK BANK KASE 366.0 474.0 Buy +29.5 HALYK BANK -PREF (HSBKP) KASE n/a 237.0 Buy - HALYK BANK -PREF1 (HSBKP1) KASE 171.0 237.0 Buy +38.6 BANK-CENTER-CREDIT KASE 529.7 - Neutral n/a -------------------------- ---- -------- ------------- --------- ------- Oil-and-gas: ------------------------------------------------------------------------ KAZKMUNAIGAZ-GDR LSE 22.7 22.7 Hold 0 KAZKMUNAIGAZ KASE 19,750.0 20,062.0 Hold +2 BMB MUNAI AMEX 0.96 n/a Review n/a -------------------------- ---- -------- ------------- --------- ------- Metallurgy: ------------------------------------------------------------------------ KAZAKHMYS PLC LSE 1,379.0 1,427.0 Hold +3 ENRC LSE 911.5 1,216.0 Buy +33 KAZAKHGOLD-GDR LSE 2.1 n/a Review n/a URANIUM ONE LSE 3.9 3.3 Sell -16 -------------------------- ---- -------- ------------- --------- ------- Companies with small capital: ------------------------------------------------------------------------ Kazakhtelecom KASE 19,700.0 33,825.0 Buy +72 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. [2011-04-29]