Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for July 4, 2011

/IRBIS, July 4, 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 July 4, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Today, the situation on foreign markets, determining the mood on KASE, is favorable for the growth of the domestic index. Today price increase is possible for shares in all, without exception, issuers of domestic index. The main concerns prevailing in the markets in recent months, have been tempered after a decision on Greece and the output of positive U.S. data. - All the major indexes of Asia today are rising by more than 1% after U.S. data on the ISM Manufacturing gave reason to believe that the world's largest economy was still standing on the road to recovery. The Japanese Nikkei index is rising by 1%, Shanghai and Hang Seng added 1.65% and 1.80% respectively. - Today, the euro/dollar is gaining 0.23% and traded at 1.456. Over the weekend, EU finance ministers finally approved the granting of the fifth tranche of Greece in the amount of 12 billion euros in the previous year provided an assistance package of 110 billion euros. The decision was of a formal nature, as judged by the fact that the ministers did not even meet, but had only a conference call. Further, the authorities will continue to develop further EU rescue programs in Greece, where important point is the voluntary participation of private creditors. The size of the new package would amount to about 85 billion euros, of which 70% will fall on the shoulders of the EU and the private bondholders, and the remaining 30% - to the IMF. Meanwhile, more and more market participants put on what the ECB did decide to raise their rates at the upcoming meeting on July 7. - Commodity markets, receiving some support on Friday from the U.S. data on the index of business activity in the industrial sector, today continue to rise. Additional support today provides a formal decision by the EU for financial support of Greece. Metals are supporting speculation that China is likely to refrain from raising rates after the country's industrial activity fell in May and June. Copper futures in Shanghai added 1.5%, while in New York in electronic trading - 0.5%. Prices for WTI crude oil in the US are growing at 3%, Brent is going up by 0.4%. Gold today is corrected after a significant decline in the previous trading day. 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 +12.7 KAZKOMMERTSBANK KASE 400.0 452.0 Hold +13.0 KAZKOMMERTSBANK -PREF KASE 188.0 226.0 Buy +20.2 HALYK BANK-GDR LSE 9.0 13.6 Buy +51.6 HALYK BANK KASE 321.0 474.0 Buy +47.4 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 20.2 22.7 Hold +12 KAZKMUNAIGAZ KASE 17,800.0 20,062.0 Hold +13 BMB MUNAI AMEX 1.00 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,399.0 1,427.0 Hold +2 ENRC LSE 800.0 1,216.0 Buy +52 KAZAKHGOLD-GDR LSE 3.4 n/a Review n/a URANIUM ONE LSE 2.7 3.3 Buy +24 -------------------------- ---- -------- ------------ --------- ------- 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. [2011-07-04]