Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for June 1, 2011

/IRBIS, June 1, 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 June 1, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - The negative dynamics in commodity markets may reduce demand for the shares of mining companies. Representatives of the banking sector are likely to demonstrate the multidirectional dynamics. KKB reported its results for a quarter of the year, showing an increase in profit under IFRS by 6% to 5.9 billion tenge. However, there was a decrease by 0.5% of assets, liabilities - 1%, increase in equity capital by 2%. - Today, the Asian indices show multidirectional dynamics. HangSeng and Shanghai lost 0.15% and 0.25% respectively after the news from the U.S. that consumer confidence has declined, threatening the profits of Asian firms. After declining at the beginning of the day the Japanese Nikkei was able to move into the Green Zone, adding 0.05%, despite the fact that Bank of America cut the ratings of power companies against the backdrop of uncertainty about the future of the industry after the events at nuclear power plants Fukushima. Thurso station Operator Company loses more than 4%. - The euro / dollar duo today continues to move up, adding 0.26% and breaking the mark of 1.443. Optimism foreign exchange market participants are somewhat too high, because so far it is not clear how and under what conditions will provide additional financial assistance to Greece. Particular caution should cause a lack of information on a possible voluntary decision of lenders to extend maturities on Greek bonds. In general, it is clear that the dynamics of couples in general is associated with cyclical investor sentiment, despite the fact that the situation is, for example, in the euro area remained virtually unchanged. The weakening U.S. dollar, meanwhile also associated with internal factors in the U.S., where recently published on the negative macroeconomic statistics, increasing concerns about slowing growth and maintaining a soft monetary policy for a long period. - Commodity markets today are located in the red zone. Quotations decrease in oil and industrial metals, probably due to the desire of investors to capture some profits after significant growth in the previous day. Copper in Shanghai lost 0.03%. The cost of oil, Brent crude futures is reduced by 0.26% to $ 116.4 per barrel. The weakening of fears of market participants about the situation with the Greek debt reduces the demand for precious metals, particularly gold spot prices which fell by 0,3% to $ 1,531.2 an ounce. 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 6.3 6.2 Sell -0.8 KAZKOMMERTSBANK KASE 457.0 452.0 Sell -1.1 KAZKOMMERTSBANK -PREF KASE 198.0 226.0 Sell +14.1 HALYK BANK-GDR LSE 9.3 13.6 Buy +46.2 HALYK BANK KASE 330.0 474.0 Buy +43.6 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 524.3 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 21.6 22.7 Hold +5 KAZKMUNAIGAZ KASE 18,999.0 20,062.0 Hold +6 BMB MUNAI AMEX 0.95 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,314.0 1,427.0 Hold +9 ENRC LSE 845.5 1,216.0 Buy +44 KAZAKHGOLD-GDR LSE 2.3 n/a Review n/a URANIUM ONE LSE 3.6 3.3 Hold -7 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 19,405.0 33,825.0 Buy +74 STEPPE CEMENT LSE 39.1 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. [2011-06-01]