Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for June 14, 2011

/IRBIS, June 14, 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 14, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Today the domestic market will experience a moderately positive trend due to a moderate rise in prices for raw materials, and corporate news for mining companies. Leaders of growth can be ENRC and Kazakhmys shares after it became known, that trader Glencore, on the recently concluded IPO, expressed interest in buying 57% of Kazakhstan's ENRC shares for $ 19.5 billion last Quotations in recent weeks collapsed to 7.42 pounds per issues of corporate governance. Last week, two independent directors ENRC resigned that spooked investors. ENRC shares yesterday rose by 4.6% and Kazakhmys, by 2.2%. The domestic market has not reacted to the event. - Trading in Asia today is in a volatile manner. In the morning the major indexes suffered losses in the region in response to lowering the credit rating of Greece to "CCC" by agency S & P, indicated their concerns about the possible restructuring of debts of the country. Later, the indices started to recover and are now trading at a moderately positive zone after the Chinese statistics on inflation and industrial production. The data showed a higher industrial growth than economists expected and consumer prices in-line with market expectations. Thus concerns about tight drawdown of China's economy against the backdrop of increasing interest rates and further tightening of monetary policy loosened. The Shanghai index is growing at 1%, Hong Kong adds 0.25%, the Japanese Nikkei - 1.2%. - Today, the euro / dollar adds a little more than 0.1% and is trading at 1.443 on the eve of a meeting of EU finance ministers on the issue of resolving the debt problems of Greece. However, many market participants expect the European leaders will be extremely difficult to come to a common trade-offs against the backdrop of difficulties in the dialogue between the ECB and Germany. Today will be available the first portion of a significant macrostatistics of current week. While U.S. pressure has the expected data on retail sales in the U.S., whose volumes in May, according to experts, decreased by 0.5% against growth on a percentage of the previous month. Wholesale price index projected to economists, rose by 6.8% in annual terms, but excluding prices for food and fuel prices grew by 2.1%. Analysts of BTA Securities expect the motion of pair euro / dollar in the area of 1,445-1,448 marks. - In the Asian session on the commodity markets moderately positive trend is observed. Prices of industrial metals after the Chinese statistics on inflation and industrial production remain in positive trend, but the signs of an extremely positive response to these players do not. Futures price for the supply of copper in Shanghai increases by 0.3%. Brent crude oil today is trading in the green zone, with only a small advantage. 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 427.0 452.0 Sell +5.9 KAZKOMMERTSBANK -PREF KASE 198.0 226.0 Sell +14.1 HALYK BANK-GDR LSE 8.7 13.6 Buy +56.9 HALYK BANK KASE 319.0 474.0 Buy +48.6 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 501.0 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 21.4 22.7 Hold +6 KAZKMUNAIGAZ KASE 18,150.0 20,062.0 Hold +11 BMB MUNAI AMEX 0.96 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,235.0 1,427.0 Buy +16 ENRC LSE 776.5 1,216.0 Buy +57 KAZAKHGOLD-GDR LSE 2.9 n/a Review n/a URANIUM ONE LSE 2.6 3.3 Buy +27 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 19,600.0 33,825.0 Buy +73 STEPPE CEMENT LSE 40.3 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. [2011-06-14]