Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for July 28, 2011

/IRBIS, July 28, 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 28, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Analysts of BTA Securities now expect reduce of domestic index after the fall of the major indexes in the U.S. and Europe on Wednesday. Concerns about the spread of debt problems, as well as increasing uncertainty on the prospects for the global economy against the background of weak data on U.S., Eurozone and China, remain in force and will prevail in the coming days on the market. In this regard, the shares of commodity companies and banks are not the best choice. Today may be reduced share prices of these groups of issuers on the KASE. - Asian markets today are under pressure of negative news background existing in the U.S. Lowering the credit rating of Greece, the weak macro-statistics for the United States, as well as the absence of a compromise between Democrats and Republicans in enhancing strip duty, are forcing investors out of risky assets. The Nikkei and Hang Seng fell today by 1.3% and 1%, Shanghai lost 0.9% of the cost. The pressure on the markets have and local news. Since Chinese banks are losing market capitalization after the state banned the commercial banks to extend or renew credit lines to local authorities. - In the Asian session today the dollar wins the bidding. The euro/dollar is trading at around 1.436. After a sharp fall on the eve course somewhat stabilized, but remains under pressure against the backdrop of the latest news. When you see the latest sign of a lack of compromise in the United States Congress to raise debt bracket, investors are more serious about the default risk of the country, as after 02 August, the country will not be able to answer for their debts, if this issue is not solved. - Today, investors will again look at the statistics for the United States, which recently sow more doubts about the sustainability of U.S. economic recovery. In the evening will be available U.S. data on the number of initial claims for unemployment benefits. They are expected to decline by only 3 thousand to 415 thousand negative statistics, likely to support the dollar, as on the market begins to operate the rule called "the bad news, the good news", causing investors to shift U.S. treasuries on signs of deterioration in the economy. - Today, commodity markets remain under pressure. WTI crude futures today are reduced by 0.1%. Prices for copper for delivery in three months lost 0.3% in trading in Shanghai. Gold added 0.1%, while maintaining the status of the security instrument in times of crisis. 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 +22.4 KAZKOMMERTSBANK KASE 380.0 452.0 Buy +18.9 KAZKOMMERTSBANK -PREF KASE 167.0 226.0 Buy +35.3 HALYK BANK-GDR LSE 8.4 13.6 Buy +62.9 HALYK BANK KASE 312.0 474.0 Buy +51.9 HALYK BANK -PREF (HSBKP) KASE - 237.0 Buy n/a HALYK BANK -PREF1 (HSBKP1) KASE - 237.0 Buy n/a BANK-CENTER-CREDIT KASE 495.0 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 19.3 22.7 Hold +18 KAZKMUNAIGAZ KASE 17,190.0 20,062.0 Hold +17 BMB MUNAI AMEX 0.99 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,344.0 1,427.0 Hold +6 ENRC LSE 785.5 1,216.0 Buy +55 KAZAKHGOLD-GDR LSE - n/a Review n/a URANIUM ONE LSE 3.4 3.3 Hold -3 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 19,850.0 33,825.0 Buy +70 STEPPE CEMENT LSE 40.5 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. [2011-07-28]