Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for July 18, 2011

/IRBIS, July 18, 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 18, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Today restore of investment activity in the locale is expected, after its virtual absence in the last week. Positive dynamics of shares of Kazakhstan metallurgists is possible. Equity securities of KMG EP could come under pressure of decrease in oil prices. Shares of representatives of the banking sector can bounce up. - Trading in Asia session started multidirectional movement of the major indexes in the region. Hang-Seng index is growing by 0.2%, with the support of shares of energy companies such as Cnooc and China Shenhua Energy, added more than 1%. In Shanghai trading is a less optimistic vein. Appreciation of real estate in China has continued, increasing the likelihood of further action by the government slow the pace of price increases. Such prospects have led to sales of shares of developers. Shanghai index down today by 0.11%. Trading on the Japanese sites is not held in connection with the festivities. Nikkei on Friday rose 0.4% on upbeat expectations for an increase in earnings of Japanese companies as the economy recovers after the March earthquake. About strong growth in production reports Corporation Toyota Motor. - Today, the euro/dollar declines by 0.6% and is trading at 1.407. The situation with the debt situation in Greece is not clear. ECB President Trichet continues to oppose any restructuring of the Greek debt. The 5-year CDS indicate 88% probability of default on its obligations in Greece. Some skepticism engendered stress test results of European banks. Only 8 out of 90 financial institutions failed the tests, raising concerns about the objectivity of the results, given the position of most banks in the debt situation in the region. In the United States still can not agree to increase the debt limit. - On the commodities market, the overall situation remains unchanged. Futures of European Brent crude fell by 0.7%, dropping to $ 116.8 per barrel. The situation with the debt problems of the euro area continues to dominate the demand for "black gold" in the region against the background of a possible slowdown in the economy. Three-month copper futures for delivery in Shanghai are moving up, adding 0.45% today. Gold has added 0.2%, trading at $ 1597 per ounce. Market participants expect early this week to overcome a mark of $ 1,600. 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 5.1 6.2 Buy +21.6 KAZKOMMERTSBANK KASE 385.0 452.0 Buy +17.4 KAZKOMMERTSBANK -PREF KASE - 226.0 - n/a HALYK BANK-GDR LSE 8.8 13.6 Buy +54.5 HALYK BANK KASE 3250 474.0 Buy +45.8 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 19.7 22.7 Hold +15 KAZKMUNAIGAZ KASE 17,050.0 20,062.0 Hold +18 BMB MUNAI AMEX 0.97 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,329 1,427.0 Hold +7 ENRC LSE 762.0 1,216.0 Buy +60 KAZAKHGOLD-GDR LSE 3.6 n/a Review n/a URANIUM ONE LSE 3.2 3.3 Hold +4 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 19,600.0 33,825.0 Buy +73 STEPPE CEMENT LSE 40.8 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. [2011-07-18]