Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for July 8, 2011

/IRBIS, July 8, 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 8, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Today on the domestic market can rise in demand the shares of mining companies because of rising economic optimism in foreign markets. Given that today will be the key labor market data in the U.S., investors may be more incentive to buy, because data may be positive, given yesterday's figures. - Asian markets today are growing supported by positive sentiment after the U.S. sites is very positive U.S. data on employment in the private sector. Shanghai index today adds 0.2%, Hang Seng - 1.1%, Japan's Nikkei - 0.9%. - Today, the euro/dollar falls by 0.1%, trading below $ 1.435. Despite the increase in ECB rates, pressure on the euro continue to have difficulties in providing additional assistance to Greece, due to the tough stance of the international rating agencies, which warned of a possible declaration of the country's default in the execution plan for a voluntary extension of debt. Unexpectedly, the positive statistics on the U.S. labor market adds confidence to investors that the U.S. dollar at the moment is somewhat preferable. Positive employment in the U.S. today can be continued after the data will be published on the change in non-farm employment. Expected to increase the number of new jobs by 105th against 54th in previous month, but the unemployment rate remains at 9.1%. Although it is possible that the rate may drop to 8.8-9%. - In the market of raw materials mixed feelings rule today. Oil prices are adjusted after the main ideas were played off. Prices for industrial metals continue to rise. Thus, copper futures in Shanghai added more than 1.5% on speculation that poor weather conditions in Chile, the largest exporter of the metal, and strikes at the field in Indonesia, will help to preserve the shortage of metal in the market. The spot price of gold adds 0.06%, reflecting continuing concerns about the debt problems of the Eurozone. Prices for Brent oil and WTI today are falling in the range of 0.5. 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 415.0 452.0 Hold +8.9 KAZKOMMERTSBANK -PREF KASE 188.0 226.0 Buy +20.2 HALYK BANK-GDR LSE 9.0 13.6 Buy +52.0 HALYK BANK KASE 328.0 474.0 Buy +44.5 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 21.0 22.7 Hold +8 KAZKMUNAIGAZ KASE 17,600.0 20,062.0 Hold +14 BMB MUNAI AMEX 0.98 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,405.0 1,427.0 Hold +2 ENRC LSE 815.0 1,216.0 Buy +49 KAZAKHGOLD-GDR LSE 3.7 n/a Review n/a URANIUM ONE LSE 3.0 3.3 Hold +11 -------------------------- ---- -------- ------------ --------- ------- 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. [2011-07-08]