Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for June 6, 2011

/IRBIS, June 6, 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 6, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Bearish sentiment in Asia and the negative dynamics of quotations of "black gold" will have a negative impact on the domestic index KASE. Particular caution should be exercised to EP KMG. However, we do not exclude the possibility of purchasing the issuer's securities following a significant decline on Friday. In the black can be Kazakhmys shares against the backdrop of a significant rise in price of copper. Representatives of the banking sector may come under a wave of fixed income. - Japan's Nikkei for the third day to a series is influenced by the bearish sentiment, falling today by more than 0.7%. Negativity in the market is associated with a possible slowdown in the global economy against the backdrop of negative statistics from the U.S. The main pressure on the index have stocks of operator on Fukushima nuclear power company Tepco, which collapsed by 24% in anticipation of the publication of financial statements, which allegedly show an annual net loss of $ 7.1 billion. Stock markets of China and Hong Kong are closed due to the festivities. - Today, the euro/dollar is traded at the level of closure of trading session on Friday - 1.4636. News that Greece will receive the fifth tranche of financial assistance in its entirety (12 billion euros) supports the single currency. The IMF agreed to provide its share of just over 3 billion euros after EU and Greece together failed to give adequate plans to reduce public expenditures and sale of government assets worth about 80 billion euros. European authorities with the support of Germany continue to develop additional support package. Today, investors can once again return to the topic of interest rates by the ECB in advance of PPI data for the eurozone, which, according to experts, grew by 0.8% in May. - The commodity markets are experiencing mixed feelings. Risks of slowing world economy actively hedged gold spot price, which is growing at 0.24% and is at $1,545.85 an ounce. Under pressure are quotes of Brent oil, futures of which lost 0.52%, having fallen to a level of $115.3 per barrel. Copper trades in Shanghai today are not carried out, in the meantime the three- month futures in New York added a little more than 0.10%. 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 5.9 6.2 Sell +5.4 KAZKOMMERTSBANK KASE 449.0 452.0 Sell +0.7 KAZKOMMERTSBANK -PREF KASE 198.0 226.0 Sell +14.1 HALYK BANK-GDR LSE 9.0 13.6 Buy +52.0 HALYK BANK KASE 328.0 474.0 Buy +44.5 HALYK BANK -PREF (HSBKP) KASE 185.2 237.0 Buy +27.9 HALYK BANK -PREF1 (HSBKP1) KASE n/a 237.0 Buy n/a BANK-CENTER-CREDIT KASE 518.0 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 21.0 22.7 Hold +8 KAZKMUNAIGAZ KASE 18,000.0 20,062.0 Hold +11 BMB MUNAI AMEX 0.99 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,263.0 1,427.0 Hold +13 ENRC LSE 815.0 1,216.0 Buy +49 KAZAKHGOLD-GDR LSE 2.3 n/a Review n/a URANIUM ONE LSE 3.4 3.3 Hold -4 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 19,600.0 33,825.0 Buy +73 STEPPE CEMENT LSE 38.3 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. [2011-06-06]