Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for June 15, 2011

/IRBIS, June 15, 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 15, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - The domestic market today can perk up after world indices yesterday showed strong growth on the assumption that the U.S. economy and China are far from recession. Given yesterday's significant rise of stock price of mining companies in foreign markets, at KASE today we can expect similar dynamics of raw materials sector. Firstly, the rise may occur for shares of Kazakhmys and EP Kazmunaigaz on the growth of prices for copper and oil. ENRC shares following a statement by Glencore that global trader doesn't hold any negotiations about purchase of Kazakhstani enterprise, can show a relatively weaker trend. - Trading in Asia is now showing weak dynamics of the major indexes. Shares of the Chinese market today react negatively to a regular increase of the minimum reserve requirements for banks. Quotes of Bank of China Ltd. in Hong Kong today are falling by 1,3%, China Merchants Bank Co. - 5.2% on the Shanghai area, HSBC Holdings - by 1.1% in Hong Kong. The Japanese market is growing in weaker pace with the support of high oil prices and positive data on U.S. retail sales. The Shanghai index is now reduced by 0.5%, Hong Kong - by 0.4%, the Japanese Nikkei adds 0.1%. - Today, the European currency loses the past positions, being reduced by 0.2% and trading at 1.441 dollars. European authorities at a meeting of EU finance ministers were unable to reach any compromise on the development of additional aid package to address the Greek debt. Opinions were divided about what will be the consequences in case of declaration of default of Greece, against which actively supports the ECB, with the support of France, faced with opposition in the face of the German authorities. Discussion will continue on 19 June and two days earlier to meet the leaders of France and Germany to resolve the situation with different polarities: the positions of the two largest economies in the eurozone. - Today data on industrial production in the euro area are awaited, the volume of which, according to economists, fell by 0.2% in April. The main focus of market participants will be drawn to statistics by the U.S. CPI, which is projected to grow by 0.2 percentage points to 3.4%, and the base index excluding prices for food and fuel - 0.1 percentage points to 1.4%. - The petroleum market is in somewhat cast down, again increasing investors' concerns that the debt crisis of Greece could get worse against lowering the credit rating of the country to an extremely precarious level by S & P and the EU's inability to come to some decision on the issue of financial support to Greece constrain "bullish" mood. Oil prices in New York in electronic trading were down by 0.3%, Brent is on the damage of yesterday's close. Support for the quotes is provided by positive on the U.S. economy and forecasts a decline of oil reserves in the world's largest economy. Futures price for the supply of copper in Shanghai increased by 1.6% more likely after a strong rise in prices on the London Stock Exchange yesterday. 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 5.6 6.2 Sell +11.7 KAZKOMMERTSBANK KASE 427.0 452.0 Sell +5.9 KAZKOMMERTSBANK -PREF KASE 188.0 226.0 Sell +20.2 HALYK BANK-GDR LSE 8.7 13.6 Buy +56.0 HALYK BANK KASE 318.0 474.0 Buy +49.1 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 500.0 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 21.1 22.7 Hold +7 KAZKMUNAIGAZ KASE 18,150.0 20,062.0 Hold +11 BMB MUNAI AMEX 0.98 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,282.0 1,427.0 Buy +11 ENRC LSE 761.5 1,216.0 Buy +60 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 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. [2011-06-15]