Forecast and recommendations of FIH "RESMI" (Kazakhstan) for June 22, 2011

/IRBIS, June 22, 2011/ - "RESMI" Financial & Investment House" JCS (Almaty, "RESMI" FIH) has provided IRBIS with the review of key events and its investment ideas and forecasts for June 22, 2011 The "RESMI" FIH analysts pay the investors' attention to the following key events on the markets: - Sales of existing U.S. homes fell by 3.8%, with expectations of a reduction of 5%. Consensus on reduction of 5% means that the market is pessimistic about the housing market in the U.S., and the fact that the actual reduction was less plays no special role. - Greek parliament yesterday with a score of 155/300 supported a vote of confidence to the current Prime Minister of Greece, George Popandru. Thus, the parliament confirmed the reshuffle made by the Prime Minister and gave him carte blanche for further action with respect to public debt of Greece. Now the markets have focused on the next parliamentary ballot to be held next week, and which will vote on the bill to reduce the budget by 78 billion euros. Given the impact that news of Greece on world markets, particularly equity markets through the mood of investors in commodity and currency markets by the dynamics of the euro / dollar - analysts of "RESMI" FIH recommend investors to monitor the situation. For example, after the current election, when the chances of survival of Greece have grown, shares in the stock market grew, the euro has strengthened, and 5-year CDS of Greece fell. Analysts of "RESMI" FIH give the following advice for investors in securities of issuers in Kazakhstan: ------------------------------------------------ Last. Prognozed. Up/down from Issuer price price* current price ---------------- ------ ---------- ------------- Kazkommertzbank 412 528 28% Halyk bank 333 519 56% BankCenterCredit 500 921 84% EP KMG 18,100 23,490 30% Kazakhtelecom 19,600 26,300 34% ------------------------------------------------ * Fundamental assessment of "RESMI" as of the end of the year ** Targets according to the prognosis of the analysts asked by Bloomberg *** Relative strength index - an indicator of technical analysis, which determines strength of the trend and the likelihood of change. Overbought / oversold - when the value of the RSI indicator is closer to the mark of 100% / 0% The given material has exclusively information character and is not the offer or recommendation to make any transactions with the stocks. Agency Irbis doesn't take responsibility for the opinions which are in given material [2011-06-22]