Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for June 30, 2011

/IRBIS, June 30, 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 30, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - In general, external news background is positive for the Kazakhstani issuers. On world markets the positive developments in Greece led to a significant increase in the demand for risky assets, which most likely will not bypass bidding on the local market. Most preferred stock purchase will be representatives of the banking sector. The positive dynamics in the market of raw materials will play in favor of mining companies, but you should be careful in the securities of Kazakhmys, a significant rise since the previous day could lead to a fixed profit today. - Asian indices are steadily moving upwards, with the exception of the Japanese Nikkei, which grows weaker pace (+0.3%). Shanghai and Hang Seng added 1.3% and 1.7% respectively, supported by representatives of the banking industry, whose quotations are growing against the approval of the Parliament of Greece by the government's plans for the medium-term savings. Extra lift for indices have the shares of commodity companies, which provide the rising cost of weakening the dollar and the positive dynamics of commodities. - Today, the euro continues to move upward, gaining more than 0.5% and breaking the mark of 1.45 - three-week maximum. Asian trading is on a wave of optimistic buying risky assets on the background of a successful outcome of the vote in Greece. At the same time, the attention of market participants to quickly switch to monetary policy in the eurozone. There are growing expectations that the ECB at the next meeting of July 7 may increase interest rates by 0.25 percentage points According to experts, the inflation rate in the region accelerated in June by 0.1 percentage points to 2.8% in annual terms. Meanwhile, international agencies, S & P and Moody's has once again warned the U.S. government about the need to increase the debt limit in the coming weeks, otherwise the country's ratings will be lowered to minimal levels. - Positive news from Greece has gone through all markets, including commodities. A significant weakening of the dollar increases the quotes metals. Copper futures in Shanghai added more than 2%. At current levels of favor with investors and turned gold, which, according to many experts, has significant potential for growth against the backdrop of imbalances in the global economy. Unexpected dynamics shows oil of Brent, which value is reduced by 0.1%, despite the rumors that OPEC may cut production after the IEA decided to give the market some of their strategic stockpiles to ensure price stability. 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 5.4 6.2 Buy +14.8 KAZKOMMERTSBANK KASE 400.0 452.0 Hold +13.0 KAZKOMMERTSBANK -PREF KASE 188.0 226.0 Buy +20.2 HALYK BANK-GDR LSE 8.8 13.6 Buy +55.3 HALYK BANK KASE 321.0 474.0 Buy +47.7 HALYK BANK -PREF (HSBKP) KASE - 237.0 Buy - HALYK BANK -PREF1 (HSBKP1) KASE - 237.0 Buy - BANK-CENTER-CREDIT KASE 490.0 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 19.9 22.7 Hold +14 KAZKMUNAIGAZ KASE 17,200.0 20,062.0 Hold +17 BMB MUNAI AMEX 0.99 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,350.0 1,427.0 Hold +6 ENRC LSE 770.0 1,216.0 Buy +58 KAZAKHGOLD-GDR LSE 3.4 n/a Review n/a URANIUM ONE LSE 2.5 3.3 Buy +32 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 19,550.0 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. [2011-06-30]