Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for June 29, 2011

/IRBIS, June 29, 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 29, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Today on the domestic market rebound after a two-day drop against the global market is possible. The situation in the markets is still determined by the expectations of investors about the problems in Greece. Despite the optimism, uncertainty remains in the background of unrest in Greece before taking a decision in Parliament today to plan the economy. - Asian indexes rise again today, only on individual indicators there is a negative trend. The market once again is supported by the optimism about Greece. However, the main news from the country is not yet available, because debate in Parliament on the adoption of the plan economy continues. The decision will be made today. Rumors that the largest lenders in Greece, Germany, commercial banks are currently discussing the possibility of rollover of the country, add some positive. Indices Hang-Seng and Nikkei are currently increasing by 0.4% and 1%, Shanghai Composite is in negative territory, trading up 0.4% below the previous day's close. - Today, the euro / dollar falls 0.12% to 14,354. Market participants continue to languish in the expectations of the outcome of the vote in Greece. The party of current Prime Minister Papandreou has 155 out of 300 seats in Parliament, but such a small benefit does not give rise even count on the support of their colleagues. Mass protests in many cities across the country accompanied by severe clashes with the police. The bulk of the protesters are employees of the public sphere, which will primarily affect the budget discussion. Thus, the situation on the streets could be a turning point in solving the people's representatives to vote against the proposed fiscal measures. Approval of the plan of French banks in voluntary reinvestment of funds in the sovereign bonds in Greece continues to depend on the outcome of a vote. Meanwhile, the international rating agency Fitch said they could declare the country's default, even if voluntary rollover of debt will occur. - The raw market was quiet today after rising the previous day. Crude futures of WTI oil today are traded almost at the level of previous day's close. Brent also has not changed significantly in price. Oil market speculation support that U.S. crude stocks last week fell by 1.5 million barrels. Prices for industrial metals and gold increased. With the notable growth of quotations of trading today is copper in Shanghai (+0.9%) and New York (+0.3%). Gold compared to yesterday's close added 0.1%. Investors expect a rise in prices for precious metals in response to the growing unrest of the population in Greece before leaving the decision on the fate of the country's Parliament savings plan needed to get help from the EU. 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 5.2 6.2 Buy +19.2 KAZKOMMERTSBANK KASE 395.0 452.0 Hold +14.4 KAZKOMMERTSBANK -PREF KASE 188.0 226.0 Buy +20.2 HALYK BANK-GDR LSE 8.7 13.6 Buy +56.3 HALYK BANK KASE 321.0 474.0 Buy +47.7 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 19.3 22.7 Hold +17 KAZKMUNAIGAZ KASE 17,200.0 20,062.0 Hold +17 BMB MUNAI AMEX 0.99 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,300.0 1,427.0 Hold +10 ENRC LSE 732.0 1,216.0 Buy +66 KAZAKHGOLD-GDR LSE 3.5 n/a Review n/a URANIUM ONE LSE 2.5 3.3 Buy +33 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 19,400.0 33,825.0 Buy +74 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. [2011-06-29]