Forecast and recommendations of IFH "RESMI" (Kazakhstan) for June 2, 2011

/IRBIS, June 2, 2011/ - "Investment Financial House "RESMI" JCS (Almaty, IFH "RESMI") has provided IRBIS with the review of key events and its investment ideas and forecasts as of June 2, 2011 The IFH "RESMI" analysts pay the investors' attention to the following key events on the markets: - Yesterday widely were published indexes of production and business activity. So in the U.S. index of manufacturing activity for May was 53.5 p., when expectations of 57.1 n. In Britain, business activity index was 52.1 p., when waiting in Section 54.1, while in Germany the same index was 57.7, with expectations of 58.2. In general, the EU's business activity index was 54.6 p., when expectations of 54.8 n. Given these indices are advance, ie demonstrating the future short-term trend, it is clear that the prospects for economic recovery of EU looks better than for U.S. - Inflation in Kazakhstan in May was 0.5%, with the same expectations, so that the annual inflation currently stands at 8.3%. Our forecast for inflation in May was 0.4%, but we are nevertheless of the view that annual inflation will eventually exceed 9%, for which there are two reasons: the index of producer prices rose in May by 5.7%, with expectations of a 1%, increase in wages of civil servants by 30% in July. - Chinese computer company "Lenovo" intends to acquire the German manufacturer "Medion". Reportedly already agreed to buy 36.7% stake in the company for 231 million euros between the leadership of "Lenovo" and founder of the "Medion" Gerd Brahman. Guide лLenovo¬ does not intend to dwell on this, the company plans to buy a complete package of shares in the market at a price of 13 euros per share, up 18% more than it cost the day before. Thus "Medion" was estimated at 629 million euros. Upon completion of the transaction Chinese manufacturer will control about 14% of the electronics market in Germany. According to a representative "Linovo", "Medion" continue to exist in the market as an independent brand. - "Medion" is a German electronics manufacturer, which in addition to personal computers also produces refrigerators, TVs and other consumer electronics. He is known for its partnerships with the retail chain "Aldi". At present the company is experiencing hard times, the revenue for the period from 2003 to 2010 fell by almost half, to 1.64 billion euros. - Company "Linovo" already has experience of large international acquisitions. In 2005 it bought a unit of U.S. computer manufacturing company to IBM for 1.75 billion dollars. - When the news of the purchase, the "Medion" company's shares grew by 18.23% compared with the previous trading day. In turn, the "Linovo" company's shares dropped by 4.81%. Analysts of IFH "RESMI" give the following advice for investors in securities of issuers in Kazakhstan: ------------------------------------------------ Last. Prognozed. Up/down from Issuer price price* current price ---------------- ------ ---------- ------------- Kazkommertzbank 460 528 15% Halyk bank 330 519 57% BankCenterCredit 523 921 76% EP KMG 18,700 23 490 26% Kazakhtelecom 19,450 26 300 31% ------------------------------------------------ * Fundamental assessment of "RESMI" as of the end of the year ** Targets according to the prognosis of the analysts asked by Bloomberg *** Relative strength index - an indicator of technical analysis, which determines strength of the trend and the likelihood of change. Overbought / oversold - when the value of the RSI indicator is closer to the mark of 100% / 0% 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. [2011-06-02]