Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for July 20, 2011

/IRBIS, July 20, 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 20, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Today, improvements in the external markets could prompt domestic investors to purchase. Favorable background was formed for the individual stocks of mining companies. So, quotes of Kazakhmys at auction in London much divorced from the price of KASE, which can lead to an increase in the last 5%. On the shares of the banking sector could also be active on a temporary weakening of concerns about the eurozone and the U.S. - Today, not all Asian stock markets took up the positive dynamics of U.S. indexes. Japan's benchmark Nikkei-related trade ties with the United States, adding more than 1.2%, showing the greatest growth over the past two weeks. Increase in stock prices were noted technology sector companies and car manufacturers. Hang-Seng index grows on weaker pace, up from the start of trading on only 0.1%. Inflation risks in China and subsequent measures to tighten monetary policy depress demand for risky assets on the Shanghai stock exchange, which reduced the index by 0.4%. - Today, investors are thoroughly digesting all of the yesterday's news. Euro, despite the rise in stock market indices in Asia, is held at the closing in New York. Positive developments in the issue of increasing the U.S. debt limit, which Obama said, act in opposition to the pessimistic expectations regarding the outcome of the forthcoming EU summit. Germany insists on the active participation of private lenders. The ECB, in turn, has long speaking strongly against the default, changed his tone, saying that might agree to a temporary default and Greece will continue to receive state papers of the country as collateral for loans. Greek Prime Minister Papandreou asks European authorities to demonstrate their ability to investors tomorrow in resolving the situation to prevent the spread of the crisis on Italy and Spain. - On the commodity market continue optimistic purchases of crude oil and industrial metals after yesterday's recovery of risk appetites of investors. Brent crude futures today added 0.4% and traded at $ 117.6 per barrel. Positive growth is provided by data on increase on the housing market and good corporate reports of U.S. companies. Copper, like other industrial metals, was also the beneficiary of yesterday's statistics. Increasing to three- month highs at auction in London, Shanghai futures added 0.3% today. Gold after falling the previous day suffers increase of 0.2%. Despite the positive public debt of the U.S. investors continue to insure against risks for the eurozone. 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 390.6 452.0 Buy +15.7 KAZKOMMERTSBANK -PREF KASE - 226.0 - n/a HALYK BANK-GDR LSE 8.3 13.6 Buy +63.5 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 19.3 22.7 Hold +17 KAZKMUNAIGAZ KASE 17,145.0 20,062.0 Hold +17 BMB MUNAI AMEX 0.98 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,343.0 1,427.0 Hold +6 ENRC LSE 759.5 1,216.0 Buy +60 KAZAKHGOLD-GDR LSE 3.6 n/a Review n/a URANIUM ONE LSE 3.2 3.3 Hold +3 -------------------------- ---- -------- ------------ --------- ------- 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. [2011-07-20]