Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for August 3, 2011

/IRBIS, August 3, 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 August 3, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Activity of trading on the Kazakhstan stock exchange will be weak. After yesterday's collapse of Metallurgists, now under massive sales may be banking sector. Retained their positions before the session the company of KMG EP, but now decrease in quotations of the issuer is possible. Although it is possible that the change in value of shares will occur for only one or two members of KASE. - Such significant as the last two days reduce in the Asian stock indexes has not been observed since the March earthquake in Japan. The reason for the sales today were the statistical data from the U.S., which showed reduction in consumption by U.S. citizens, which are the main source of income for exporters of Asia. Asian investors are concerned about the fact that international agencies, confirming the rating of the United States at the AAA, did not rule out the possibility of lowering, depending on the state of the economy and implement a plan for cuts in government spending. The Nikkei fell from the start of trading by 2.2%, Hang Seng - 2%, Shanghai - 0.2%. - Today, the euro/dollar hesitantly tries to creep up, adding 0.08% and trading just above 1.421. There are no reasons for the growth of the euro so far. The demand for risky assets is reduced everywhere. Debts are gaining new momentum eurozone, which could soon result in a re- scripted drama, "a la Greece", but with larger scales. Asian investors today may be trying to win back the negative statistics on consumer spending and income U.S. against the dollar. During the day a significant impact on the sale will provide an important portion macrostatistics: retail sales in the euro area, changes in employment in the U.S. according to ADP, the volume of industrial orders and non-production index of ISM. - Weak dynamics is observed today at the Commodities market. Quotations were noted a slight increase oil and gold. Brent futures price grew by 0.03% and the spot price of gold added 0.05%. Copper in Shanghai decreased by 0.11%. Market participants do not take active steps in the commodity markets, waiting for data from the U.S., which will confirm concerns about the slowdown's largest economy, or dispel them. 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 +21.7 KAZKOMMERTSBANK KASE 395.0 452.0 Hold +14.4 KAZKOMMERTSBANK -PREF KASE 144.0 226.0 Buy +56.9 HALYK BANK-GDR LSE 8.2 13.6 Buy +65.9 HALYK BANK KASE 312.1 474.0 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 490.0 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 18.8 22.7 Hold +21 KAZKMUNAIGAZ KASE 16,500.0 20,062.0 Hold +22 BMB MUNAI AMEX 0.98 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,255.0 1,427.0 Hold +14 ENRC LSE 728.5 1,216.0 Buy +67 KAZAKHGOLD-GDR LSE - n/a Review n/a URANIUM ONE LSE 3.5 3.3 Hold -5 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 19,501.0 33,825.0 Buy +73 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. [2011-08-03]