Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for June 13, 2011

/IRBIS, June 13, 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 13, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Reducing the cost of crude oil will continue to put pressure on the local market sentiment. Sales can take on most of the issuers of the commodity sector. Bearish sentiments of international investors may adversely affect the dynamics of the shares of domestic companies on foreign exchanges. Probably declined will be also representatives of the banking sector, although not ruled out the possibility of games to increase after a decline earlier session, which was frequent. - Asian indices under the influence of bears are down today by more than 0.7%. Expectations of further increases in interest rates by central banks in the region to combat accelerating inflation encouraged investors for some time to leave the risky asset, preferring to invest in the dollar, U.S. Treasuries and gold. Nikkei loses 0.87% of stock price under pressure from auto companies, particularly Toyota, which offers a significant reduction in profits after the devastating earthquake in March. Hang Seng index and Shanghai are down by 0.8% and 1.1% respectively, after the data for China showing a decrease in exports in May. - Today, the euro/dollar is at the level of the trading session on Friday. Market participants have decided to wait since the temporary absence of news and statistics from the U.S. and the eurozone. In the meantime, continues to develop a package of additional assistance to Greece, which must be approved at an EU meeting in June 23-24. However, differences ECB and the German authorities regarding the participation of private creditors in the salvation of Greece can slow this process, since the approval of the program must be approved by the ECB. President of the Bundesbank of Germany insisted on a more active participation of bondholders in the process of debt relief for Greece. In this case, it does not exclude the probability of default of the country in case of non fulfillment of the conditions of an assistance package provided earlier. - In general, on the raw material market negative dynamics is observed. Gold, contrary to the prevailing risk situation in the world, decreased by 0.05% and traded at $ 1,530.95 an ounce. Most likely, this time the movement is associated with increased investor demand for the dollar. Futures price for delivery in Shanghai copper are down almost 1% against a background of weak data on foreign trade of China and the decline in imports of industrial metals. Brent crude oil today was able to cross into the green zone (0.08%). 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 5.4 6.2 Sell +14.8 KAZKOMMERTSBANK KASE 406.0 452.0 Sell +11.3 KAZKOMMERTSBANK -PREF KASE 198.0 226.0 Sell +14.1 HALYK BANK-GDR LSE 8.7 13.6 Buy +56.5 HALYK BANK KASE 319.5 474.0 Buy +48.4 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 21.3 22.7 Hold +6 KAZKMUNAIGAZ KASE 18,600.0 20,062.0 Hold +8 BMB MUNAI AMEX 0.98 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,209.0 1,427.0 Buy +18 ENRC LSE 742.0 1,216.0 Buy +64 KAZAKHGOLD-GDR LSE 3.1 n/a Review n/a URANIUM ONE LSE 2.8 3.3 Buy +18 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 19,600.0 33,825.0 Buy +73 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. [2011-06-13]