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

/IRBIS, May 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 May 27, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - After yesterday's decrease on market of raw materials there was a reduction of prices for most of Commodities, today it's expected to commit profits on a number of issuers, in particular the steel companies. A significant increase in the value of shares of KMG EP and KKB on previous day may also provide an opportunity for sales. Look attractive equity securities of Halyk and Kazakhtelecom, being in demand on international stock exchanges. - Asian indexes today are moving in different directions. Chinese Shanghai index and Japan's Nikkei lost 0.1% and 0.19% respectively. Asian investors fear a slowing U.S. economy after yesterday's data on GDP. Strengthening of the yen was not in favor of Japanese exporters, which hardly recover after the March events. Hang-Seng Index, meanwhile is growing almost 1%, supported by the growth of quotations of PetroChina. - The euro/dollar is steadily moving up, adding more than 0.7% and trading at 1.4245. It is clear that yesterday's GDP data for 1 quarter and applications for unemployment were the main reason for selling the U.S. currency. Growth of the euro continues despite news that the IMF can not provide its share of funds in Greece, as the fund has not received from the governments the mandatory guarantee refinancing. This circumstance gives grounds to believe that the next jump of the euro is under correction, which could last until early next week. Cause for concern bucks should be released today, with another piece of statistics: income/consumer spending and the number of transactions on the purchase of housing. In the eurozone, meanwhile, is expected CPI data for Germany, the level of which, according to experts, slightly decreased. - Returned bullish sentiment is observed on the market of raw materials. Futures contracts for the supply of copper and aluminum increase in price by 0.24% and 0.87% respectively, supported by leading analysts' forecasts of a relatively high demand for industrial metals in developing countries. The weakening U.S. dollar was the reason for traders to increase crude oil quotations. Brent now going up by 0.3%. After yesterday's some doubt, investors once again decided not to relax, hedging investment risks for precious metals. Spot prices for gold and silver increased by 0.4% and 1.5% respectively. Analysts of BTA Securities give the following advice for investors in securities of issuers in Kazakhstan: ----------------------------------------------------------------------- Last. Target price Recommen- Poten- Issuer SE price for 2011 dation tial, % -------------------------- ---- -------- ------------ --------- ------- Banks ----------------------------------------------------------------------- KAZKOMMERTSBANK-GDR LSE 6.1 6.2 Sell +1.6 KAZKOMMERTSBANK KASE 458.0 452.0 Sell -1.3 KAZKOMMERTSBANK -PREF KASE 198.0 226.0 Sell +14.1 HALYK BANK-GDR LSE 9.1 13.6 Buy +50.3 HALYK BANK KASE 325.0 474.0 Buy +45.8 HALYK BANK -PREF (HSBKP) KASE 185.2 237.0 Buy +27.9 HALYK BANK -PREF1 (HSBKP1) KASE n/a 237.0 Buy - BANK-CENTER-CREDIT KASE 517.0 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 20.7 22.7 Hold +9 KAZKMUNAIGAZ KASE 18,000.0 20,062.0 Hold +11 BMB MUNAI AMEX 0.96 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,262.0 1,427.0 Hold +13 ENRC LSE 842.0 1,216.0 Buy +44 KAZAKHGOLD-GDR LSE 2.2 n/a Review n/a URANIUM ONE LSE 3.7 3.3 Hold -11 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 19,401.0 33,825.0 Buy +74 STEPPE CEMENT LSE 39.0 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. Irbis Agency doesn't take responsibility for the opinions which are in given material. [2011-05-27]