Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for July 7, 2011

/IRBIS, July 7, 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 7, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Today on the domestic market it will be difficult to choose the direction of movement as a whole after the weak trading results in foreign markets on Wednesday and the emergence of troubling news for the troubled countries of the Eurozone. Given that today will be the key event for the euro and the U.S. economy, players may refrain from taking actions. - After falling in the afternoon before the Asian indexes are now showing growth through shares of Chinese banks. Issuers of the banking sector of China are bought on expectations of higher profitability of their activities in the future due to increased central bank base rate. Shanghai index today adds 0.2%, Hang Seng - 0.7%, the Japanese Nikkei losing 0.2%. - Today, Asian investors have decided for some time to set aside the actions of international credit rating agencies in advance of the meeting of the ECB. According to many experts, interest rates in the euro area will increase by 25 bps to 1.50% against the Central Bank chairman Trichet applications that require the active efforts to secure price stability in the region. The favorable inflation rate for the regulator - 1.8-2%. In May, macro index was 2.7%. There are still concerns investors continued to be associated with Greece, as European politicians face enormous difficulties in providing additional assistance to the country. Today sees the release of data on initial applications for unemployment benefits, which number is projected to economists, has declined by 8th to 420th. Thus, by the end of the day analysts of BTA Securities expect a rebound of euro to levels 1.45-1.46. - The raw material market is in moderately positive mood. Raising rates in China is already seen in another way. Market converged in opinion, that the regulators do not seek to significantly reduce the rate of growth of industrial production in the country, but because if inflation slows in July, the Central Bank may suspend the rate increase. Copper futures in Shanghai and New York in electronic trading are now growing within 0.5%. The spot gold price adds 0.1%, reflecting continuing concerns about the possible escalation of the debt problems of the Eurozone in the case of downgrades of Ireland, Spain or Italy. Prices of Brent crude oil today have stabilized, while WTI increases by 0.7% in electronic trading in the U.S. in response to a decrease in EIA of oil reserves in the world's largest economy by 3.2 million barrels. Department of Energy report today may show the country's oil reserves decline by 2.5 million barrels for last week. 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 5.3 6.2 Buy +16.3 KAZKOMMERTSBANK KASE 406.0 452.0 Hold +11.3 KAZKOMMERTSBANK -PREF KASE 188.0 226.0 Buy +20.2 HALYK BANK-GDR LSE 8.8 13.6 Buy +54.5 HALYK BANK KASE 320.0 474.0 Buy +48.1 HALYK BANK -PREF (HSBKP) KASE - 237.0 Buy n/a HALYK BANK -PREF1 (HSBKP1) KASE - 237.0 Buy n/a BANK-CENTER-CREDIT KASE 505.0 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 20.9 22.7 Hold +8 KAZKMUNAIGAZ KASE 17,800.0 20,062.0 Hold +13 BMB MUNAI AMEX 0.98 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,363.0 1,427.0 Hold +5 ENRC LSE 795.5 1,216.0 Buy +53 KAZAKHGOLD-GDR LSE 3.5 n/a Review n/a URANIUM ONE LSE 2.9 3.3 Buy +13 -------------------------- ---- -------- ------------ --------- ------- 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. [2011-07-07]