Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for June 7, 2011

/IRBIS, June 7, 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 7, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Reduce of the cost of crude oil will continue to influence the number of issuers included into the representative list of KASE. It is also likely that domestic investors may deem yesterday's share price decline of Kazkom and Halyk Bank as excessive in relation to what is expected the play on a moderate increase. Some uncertainty for market participants drives the situation on the metals market, where today is noted a decrease in copper prices. - Mixed feelings today are observed on the Asian sites. Japan's Nikkei and China's Shanghai are growing, adding 0.65% and 0.11% respectively. Favorable was the beginning of the day for the company Tepco, after Japanese authorities said that the Government does not support the collapse of the nuclear power plant operator. Grew up in the share prices of Toyota amid reports of the automaker to increase production of cars with hybrid engines. Meanwhile, the Hong Kong Stock Exchange is actively selling shares of mining companies, bringing the Hang- Seng index decreased by 0.72%. - Today, the euro / dollar again returned to the upward movement, adding 0.23% and trading above 1.46 point. The index of wholesale prices in the euro area in April rose by 0.9%, which was 0.1 percentage points more than projections and indicators of the previous month. ECB President Trichet said that he hoped to induce private investors to reinvest their funds in the new Greek bonds on the expiration date of old securities - bond rollover. Possible default of Greece was once again refuted. Today, the influence on the foreign exchange markets will have the expected data on retail sales in the euro area and the volume of industrial orders in Germany. - On the commodity markets crude oil continues to move downward. Today, futures of European Brent crude fell below $ 114 per barrel (-0.24%) in anticipation of the outcome of a meeting of OPEC members, who are discussing the need to increase quotas for raw materials to reduce cost pressures that affect the demand. However, most experts believe that no change will occur, and that the cost of oil will decline in response to the approaching end of military operations in Libya. Speculation about a possible decline in demand for industrial metals copper launched in Shanghai, who loses in the price of just over 0.4%. The spot price of gold is kept at $1,545.4 per 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 5.9 6.2 Sell +5.4 KAZKOMMERTSBANK KASE 425.0 452.0 Sell +6.4 KAZKOMMERTSBANK -PREF KASE 198.0 226.0 Sell +14.1 HALYK BANK-GDR LSE 9.0 13.6 Buy +52.0 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 +8 KAZKMUNAIGAZ KASE 18,000.0 20,062.0 Hold +11 BMB MUNAI AMEX 0.96 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,278.0 1,427.0 Hold +12 ENRC LSE 818.5 1,216.0 Buy +49 KAZAKHGOLD-GDR LSE 2.5 n/a Review n/a URANIUM ONE LSE 3.4 3.3 Hold -1 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 19,550.0 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. [2011-06-07]