Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for June 20, 2011

/IRBIS, June 20, 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 20, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - For the domestic market there is not good news, the price of oil and metals continued to fall on fears about the economy. The implementation of some investment ideas to the marketplace can be. Yesterday significantly increased in price shares of Halyk, however, whether this is a return of investor interest in the most fundamentally attractive paper of the banking sector will be clear on the next auctions. - Trading session in Asia is influenced by bullish investor sentiment, which is associated with optimistic expectations for Greece. Investors spirit soared after the speaker of a group of European finance ministers assured the EU's Juncker that the country will be able to avoid default. The Nikkei adds 0.3% today, supported by rising stock quotes retailers and automotive companies. In favor of the latter were predictions of Citigroup, indicating that the car market in Japan will gradually recover. Optimistic forecasts and the government's economic recovery after natural disasters in March. Hang-Seng and Shanghai are growing by 0.32% and 0.22% respectively against the rising cost of shares in real estate companies. - Today, the euro/dollar is increasing by 0.2% and traded at 1.433 on the eve of key political events of the day. Greek Prime Minister Papandreou would seek support from the Parliament and approval to continue active operations for the fifth tranche of 12 billion euros from the EU and the IMF and an additional package of assistance provided over in May last year, 110 billion euros. Meanwhile, the European authorities have decided to somewhat calm the markets, saying they will take all measures to avoid defaulting Greece. Today kicks off a two-day meeting FOMC, which will be discussed further monetary policy the Fed to end QE2, whose effectiveness is questionable. Regulators managed to avoid deflation, but price growth gained momentum and have a lot of pressure on the purchasing power of U.S. citizens, and the unemployment rate at the same time situated above 9%. - In the market of raw oil and industrial metals have settled in the area of loss. Oil futures of Brent crude today are down by 0.05% and traded at $ 111.75 per barrel, but the positive expectations of Greece can further increase the demand for "black gold". A slight decrease was noted in Shanghai copper (-0.12%). Gold adds a little more than 0.05% on the fact that there are still concerns for the development of the situation with debt problems in the eurozone, which may occur once a negative spiral that is associated with other members of the group of PIIGS. 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 5.3 6.2 Sell +18.1 KAZKOMMERTSBANK KASE 428.0 452.0 Sell +5.6 KAZKOMMERTSBANK -PREF KASE 188.0 226.0 Sell +20.2 HALYK BANK-GDR LSE 8.5 13.6 Buy +59.6 HALYK BANK KASE 333.0 474.0 Buy +42.3 HALYK BANK -PREF (HSBKP) KASE 185.2 237.0 Buy +27.9 HALYK BANK -PREF1 (HSBKP1) KASE - 237.0 Buy n/a BANK-CENTER-CREDIT KASE 500.0 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 20.7 22.7 Hold +9 KAZKMUNAIGAZ KASE 18,150.0 20,062.0 Hold +11 BMB MUNAI AMEX 0.97 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,247.0 1,427.0 Hold +14 ENRC LSE 726.5 1,216.0 Buy +67 KAZAKHGOLD-GDR LSE 3.6 n/a Review n/a URANIUM ONE LSE 2.8 3.3 Buy +18 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 19,550.0 33,825.0 Buy +73 STEPPE CEMENT LSE 40.0 n/a Review n/a ----------------------------------------------------------------------- This material has exclusively informative 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. [2011-06-21]