Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for July 19, 2011

/IRBIS, July 19, 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 19, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Today, as so often happens, the local index is likely to move against the world trend. The rising cost of metals to support share prices of the domestic mining companies. After declining the previous day by more than 5%, can be played to increase market Kazakhmys by 1% or more. Bidding on the chips of banks would take place under the influence of global sentiment, but does not exclude certain issuers jerk. - In Asia, there is an exodus from risky assets, resulting in the major indexes falling more than the region of 0.3%. Shares of Chinese banks are under pressure on expectations of market participants regarding future monetary policy tightening in China. Shanghai index has lost since the beginning of the session 0.47%. Debt problems of the U.S. and the eurozone continue to make a major catalyst to reduce risk appetites. In Japan, there is a decrease in quotations of exporters. Nikkei falls 0.7%. Shares of the financial sector dragged down the Hong Kong index - Hang Seng fell 0.3%. - Asian investors can not determine the further movement of the euro / dollar, which is traded today at yesterday's close - 1.411. German officials have expressed confidence that European leaders would develop a final package of additional assistance to Greece at the summit on July 21. Today, Spain holds an auction on placement and 12ti 18timesyachnyh securities totaling 4.5 billion euros. Greece, meanwhile, will sell the three-month bills at 1.25 billion euros. The dynamics of the EUR/USD will be determined by statistics today. ZEW institute will provide data on the state of economic sentiment in Germany and the eurozone. In the United States are expected positive data on the housing market. - Growth of gold does not stop. The greatest demand has been observed in Europe, where residents, fearing for the fate of a single currency, are investing their money in Swiss franc and gold coins/bullions. Today, the spot price of the metal overcame the level of $ 1,605 per troy ounce. Copper also shows a positive trend. Red metal futures in Shanghai added 0.2%. Not quite clear on this point is the situation with oil. In the early days there was an increase of quotations on the background of changing investor sentiment in favor of increased demand for fuel from China and the U.S., which would have outweighed the possible reduction in supplies to Europe. But then prices went back to yesterday's values in response to the lack of movement in the euro/dollar. 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 +22.8 KAZKOMMERTSBANK KASE 385.0 452.0 Buy +17.4 KAZKOMMERTSBANK -PREF KASE - 226.0 - n/a HALYK BANK-GDR LSE 8.7 13.6 Buy +56.7 HALYK BANK KASE 325.0 474.0 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 19.5 22.7 Hold +16 KAZKMUNAIGAZ KASE 17,000.0 20,062.0 Hold +18 BMB MUNAI AMEX 0.97 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,302.0 1,427.0 Hold +10 ENRC LSE 743.0 1,216.0 Buy +64 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 19,700.0 33,825.0 Buy +72 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. [2011-07-19]