Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for August 4, 2011

/IRBIS, August 4, 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 4, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - It is difficult at present to determine the dynamics of the upcoming auction on KASE. In general we can assume that after the massive sales of yesterday, today, certain issuers may fix profits. In particular, in favor of investors might be the stocks of two representatives of the financial industry - Halyk and Kazkom. Raw materials producers should act with caution, although after a few days, a significant drop in papers of Kazakhmys at current levels would be attractive to members of the Kazakhstani stock market. - On the markets in Asia today, there is predominance of bullish sentiment. The Nikkei from the opening of trading gained 0.7% in response to the Bank of Japan intervention in the currency market to weaken the yen. Such news supported exporters. Support to the Asian stock markets have also provided messages that Hitachi and Mitsubishi Heavy Industries could integrate some companies. Chinese Shanghai is increasing at 0.33% amid speculation about a possible third round of quantitative easing from Fed. Aircraft manufacturers are in demand of investors after the government of China announced that the industry will be one of the strategic areas of the country. Against the market today moves Hang Seng index, going down by 0.13%. - Today, the euro/dollar, after a significant increase on the previous day amid expectations of signals from the Fed to use additional incentives, turned around and fell by 0.24% to 1.429. Investors took some fence in advance of the release of data on changes in employment outside the USDA. Statistics of ADP exceeded market expectations, but market participants fear that the data from the Ministry of Labour may be just as weak as in the previous month. Until then, the market's attention will be riveted to the chairman of the ECB after the meeting of the Central Bank on the discussion of interest rates in the region. It is expected that the regulator will signal that the pace of monetary tightening would weaken considerably against the backdrop of slowing inflation, which fell from 2.7% to 2.5%. - Oil continues to move downward, falling today below $ 113 per barrel for mark Brent. Three-month copper futures fell by 0.72% in Shanghai. Despite the fact that the market is growing at the optimistic rumors of future Fed policy, commodities continue to remain under pressure from fears about slowing global economic growth and subsequent decline in demand for oil and industrial metals. Gold is trading at yesterday's close level. 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 4.8 6.2 Buy +29.2 KAZKOMMERTSBANK KASE 378.0 452.0 Hold +19.6 KAZKOMMERTSBANK -PREF KASE 144.0 226.0 Buy +56.9 HALYK BANK-GDR LSE 7.9 13.6 Buy +72.2 HALYK BANK KASE 312.0 474.0 Buy +51.9 HALYK BANK -PREF (HSBKP) KASE n/a 237.0 Buy n/a HALYK BANK -PREF1 (HSBKP1) KASE n/a 237.0 Buy n/a BANK-CENTER-CREDIT KASE 481.0 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 18.4 22.7 Hold +23 KAZKMUNAIGAZ KASE 16,400.0 20,062.0 Hold +22 BMB MUNAI AMEX 0.98 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,199.0 1,427.0 Buy +19 ENRC LSE 720.5 1,216.0 Buy +69 KAZAKHGOLD-GDR LSE n/a n/a Review n/a URANIUM ONE LSE 3.4 3.3 Hold -3 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 19,501.0 33,825.0 Buy +73 STEPPE CEMENT LSE 40.3 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. [2011-08-04]