Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for June 24, 2011

/IRBIS, June 24, 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 24, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Bulk sales of the commodity markets that resulted in a significant decrease in quotations of oil and industrial metals, may have a significant pressure on the shares of Kazakh mining sector. A significant decrease in global markets a day earlier by more than 5% can lead to sales of securities of such issuers as ENRC and EP KMG. The banking sector is likely to finish the day with multidirectional movement of prices. - In the equity markets in Asia today, optimism reigned after the Prime Minister of China said that the ongoing efforts of the authorities to curb inflationary pressures in the country have been effective. A significant decline in oil prices has supported aviation companies in the region. Purchase of shares of automakers has increased amid speculation that the Chinese government plans to remove the limit on the purchase of cars. Shanghai index is gaining more than 1.5%, Hang Seng is rising by 1.4%. In Japan, the optimism of investors connected with the positive expectations about the support of Greece against the EU and the IMF developed by the government plans to reduce budget expenditures. Demonstrate significant growth in prices shares of exporters, maintaining index Nikkei, which adds 0.7% today. - Euro early in the day was decreasing, but by the middle of the Asian session, was able to cross into the green area. EUR / USD rate is at 1.4267, which is 0.07% more than yesterday's closing level of the session. At the final day EU summit, European leaders continue to insist that the current Greek government led by Prime Minister George Papandreou is necessary to obtain approval of the budget designed to rely on additional assistance from the EU and the IMF. Not in favor of the euro may now be the data that, according to experts, will show worsening business climate in Germany. In the U.S., is projected growth in orders for durable goods by 1.5% in May against a decline of 3.6% in April. - In the market of raw materials after the massive sales of the previous day preferences of investors have returned to the metals on the background of a weakening U.S. dollar. The spot price for gold is increasing by 0.16% up to $ 1524 per ounce due to the fact that the risks in the global economy remain high. Copper futures in Shanghai added 1.43% in value against the background of the officials of China's slowdown in inflation to target levels that reflect positively on the growth of the economy, and hence the demand for industrial metals. Can not determine the market participants with further movement of oil after reports that the IEA is planning to compensate the reduction in supply of raw materials due to release 60 million barrels. However, some investors decided that due to such actions in the supply in the future may not be sufficient. 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 5.5 6.2 Hold +13.8 KAZKOMMERTSBANK KASE 404.5 452.0 Hold +11.7 KAZKOMMERTSBANK -PREF KASE 188.0 226.0 Buy +20.2 HALYK BANK-GDR LSE 8.8 13.6 Buy +54.5 HALYK BANK KASE 330.0 474.0 Buy +43.6 HALYK BANK -PREF (HSBKP) KASE - 237.0 Buy n/a HALYK BANK -PREF1 (HSBKP1) KASE - 237.0 Buy n/a BANK-CENTER-CREDIT KASE 490.0 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 19.8 22.7 Hold +14 KAZKMUNAIGAZ KASE 18,100.0 20,062.0 Hold +11 BMB MUNAI AMEX 0.99 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,251.0 1,427.0 Hold +14 ENRC LSE 695.5 1,216.0 Buy +75 KAZAKHGOLD-GDR LSE 3.4 n/a Review n/a URANIUM ONE LSE 2.8 3.3 Buy +17 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 19,600.0 33,825.0 Buy +73 STEPPE CEMENT LSE 39.8 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. [2011-06-24]