Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for August 10, 2011

/IRBIS, August 10, 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 10, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - After the collapse of Kazakhstani index of more than 15% over the last few sessions, shares of Kazakh companies to the current low levels look very attractive. Positive on foreign markets will lead to massive purchases by locale, given that domestic international shares yesterday were in high demand. All seven "blue chips" of KASE may be bought today. The most significant increase will demonstrate the quotations of securities of the banking sector. Almost 17% decrease in the value of shares of Halyk will increase market today for at least 4%. KKB is also expected to rise from 3% to 7%. Rebound in the commodity markets will support raw material group. As a result, KASE index gained more than 2.5%. - Positive attitudes to the American markets associated with the statement the Fed to continue the policy of ultra-low rates at least a year, were transferred Asian investors. Restoration of risk appetite has led to the first time in seven days, the indices Nikkei, Hang Seng and Shanghai are growing, adding today 1.2%, 3.3% and 1.9% respectively. The major support for the indices provided stocks of banking sector. Positive statistics on China's trade surplus grew by more than what was expected, also fueled the demand for risky assets. - The euro/dollar, after significant growth the previous day unfolded today. EUR/USD rate is at 1.4344, decreasing by 0.23% in Asian trading. Apparently, market participants have decided to buy the dollar in response to the nature of the Fed statement, which was not clearly mentioned about the imminent launch of the third round of quantitative easing. Meanwhile, the ECB is in no hurry with the announcement of the data on the volume of their purchases of sovereign bonds in Italy and Spain. Start today holds an annual auction of bonds for 6.5 billion euros. - Restoration of the positive dynamics in the stock market has affected and Commodities, which after a long downward movement today were developed. Oil adds more than 0.3% and traded at $ 104.4 per barrel. Reduced fuel supplies in the U.S. and expectations of further measures to stimulate the economy of the largest consumer of energy resources support the oil quotations. Demonstrate significant growth in copper futures in Shanghai - with the start of trading value of the metal jumped by nearly 3%. Several fall in prices was observed for gold, which is traded at $ 1,750 an ounce. 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 4.2 6.2 Buy +46.1 KAZKOMMERTSBANK KASE 305.0 452.0 Buy +48.2 KAZKOMMERTSBANK -PREF KASE 144.0 226.0 Buy +56.9 HALYK BANK-GDR LSE 6.0 13.6 Buy +126.9 HALYK BANK KASE 208.7 474.0 Buy +127.2 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 430.0 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 16.0 22.7 Hold +41 KAZKMUNAIGAZ KASE 14,350.0 20,062.0 Hold +40 BMB MUNAI AMEX 0.85 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 995.0 1,427.0 Buy +43 ENRC LSE 613.0 1,216.0 Buy +98 KAZAKHGOLD-GDR LSE n/a n/a Review n/a URANIUM ONE LSE 3.0 3.3 Buy +10 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 17,500.0 33,825.0 Buy +93 STEPPE CEMENT LSE 33.0 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. [2011-08-10]