Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for June 2, 2011

/IRBIS, June 2, 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 2, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Some uncertainty in the local trades is made by the changing mood in the markets. Copper fell sharply yesterday, growing today. The situation with oil is the opposite. However, after a significant reduction in stock prices on Thursday it is now possible to change the mood of domestic investors in favor of the purchase of certain issuers. In particular, the increased demand can be observed for the shares of the banking sector. Commodity companies appear to complete the day differently. - Asian stock markets are now showing mixed dynamics. Nikkei index and the Hang-Seng are falling by 0.6% and 0.3% respectively, all on the same fears, coupled with a possible slowdown in U.S. economic recovery. The greatest losses suffered manufacturers of automobiles and electronic equipment, which are the main income comes from exports to the U.S. Many market participants fear a possible slowdown in Japan's reconstruction after the earthquake, which will contribute to the expected resignation of the Prime Minister. Bullish sentiment can be seen on the Shanghai Stock Exchange, which main index is rising 0.9% after investors deemed yesterday's decline enough, as Chinese companies continue to show good profits. - Today, the euro/dollar duo is traded at yesterday's close on the eve of the data on the U.S. labor market, where is projected reduction in the number of jobs created outside agriculture to 165th. from 244th. in April, while unemployment has fallen from 9% to 8.9%. Experts from the EU and the IMF are now completing the analysis of the plan by the Greek government to sell state assets worth 78 billion euros and reduce fiscal costs by 6.4 billion euros. European leaders need to develop an additional aid package until the end of June, that time to persuade the IMF to provide its share of the next tranche of loans to Greece. - On the commodity markets the preferences of investors have changed. Price of Brent crude oil now falls by 0.43% to $115.3 per barrel in the run-up of planned for the June 8 meeting between representatives of OPEC. The main agenda will be whether to increase quotas for raw materials. After a 2% drop the previous day futures for delivery of copper added over 1%. Spot gold prices are down 0.2% to $1,530.6 an ounce. Some easing of concerns about the situation in Greece is putting pressure on precious metals. 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 6.0 6.2 Sell +3.3 KAZKOMMERTSBANK KASE 448.0 452.0 Sell +0.9 KAZKOMMERTSBANK -PREF KASE 198.0 226.0 Sell +14.1 HALYK BANK-GDR LSE 8.6 13.6 Buy +58.2 HALYK BANK KASE 320.0 474.0 Buy +48.1 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 518.0 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 21.1 22.7 Hold +7 KAZKMUNAIGAZ KASE 18,800.0 20,062.0 Hold +7 BMB MUNAI AMEX 0.99 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,271.0 1,427.0 Hold +12 ENRC LSE 817.5 1,216.0 Buy +49 KAZAKHGOLD-GDR LSE 2.4 n/a Review n/a URANIUM ONE LSE 3.5 3.3 Hold -4 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 19,480.0 33,825.0 Buy +74 STEPPE CEMENT LSE 38.8 n/a Review n/a ----------------------------------------------------------------------- This 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 present material. [2011-06-03]