Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for June 22, 2011

/IRBIS, June 22, 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 22, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - The domestic market can have a boost amid Greek news, yesterday at auction in London have risen significantly prices of shares of Kazakhmys, ENRC and KMG EP. Today, perhaps these papers will support the market. - Trading in Asia today is generally dictated by the "bulls". Hang- Seng and Nikkei rise, playing the good news for Greece. The Prime Minister of this country yesterday was a preliminary vote of confidence, allowing the government to continue to implement cost-saving measures for financial support from the EU. Negative trend shows only the Shanghai index, falling by 0.3% on fears that the central bank of the country will take the next steps to curb inflation. Chinese stocks of the financial sector and mining companies fall in value. - Today, the euro/dollar traded at 1.4366, falling by more than 0.3%, even though the growth of the Asian indices on the background of successful outcome of the vote in Greece. Participants in the foreign exchange market are pessimistic about what the government can get updated on the approval of Parliament developed jointly with the EU plan to reduce budget spending, tax increases and sales of state assets by 78 billion euros. In this case, the high risks of increased social tensions within the country exist. Today, investors will switch their attention from the euro area to the U.S., where performance of the president on the outcome of the Federal Reserve Bernanke, on two-day meeting of the Federal Committee on Open Market (FOMC) is expected. It is assumed that there will be formally announced the completion of the QE2 on June 30. However, of particular interest will be the nature of the application: whether will any signal about the need for monetary tightening in coming months be given. - On the market of raw oil and industrial metals are observed mixed trends. Crude oil futures of Brent are currently increasing by 0.4% and traded at $111.67 a barrel. American Oil, by contrast, is reduced in price by 0.6% on speculation of investors that the decline in U.S. oil inventories last week was small. By that investors came after the API released its report on the stock from which the data was worse than economists forecast. With a small decrease in quotations copper futures are trading today in Shanghai (-0.1%) and New York (-0.5%) under pressure from speculation about the possibility of further measures to tighten monetary policy in China. Gold compared to yesterday's closing has virtually unchanged in value. 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 411.5 452.0 Sell +9.8 KAZKOMMERTSBANK -PREF KASE 188.0 226.0 Sell +20.2 HALYK BANK-GDR LSE 9.0 13.6 Buy +52.0 HALYK BANK KASE 333.0 474.0 Buy +42.3 HALYK BANK -PREF (HSBKP) KASE - 237.0 Buy n/a 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 20.9 22.7 Hold +9 KAZKMUNAIGAZ KASE 18,100.0 20,062.0 Hold +11 BMB MUNAI AMEX 1.01 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,298.0 1,427.0 Hold +10 ENRC LSE 743.5 1,216.0 Buy +64 KAZAKHGOLD-GDR LSE 3.5 n/a Review n/a URANIUM ONE LSE 2.8 3.3 Buy +16 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 19,600.0 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. [2011-06-22]