Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for August 11, 2011

/IRBIS, August 11, 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 11, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Today, for members of the Kazakhstan stock market it will be difficult to determine the choice of strategy. Value of securities of certain issuers remains attractive for local players who will try once again inflate the quotes. However, not excluded and fixing a significant increase in profits after the KASE index the day before. Further pressure on share prices of issuers such as ENRC, Kazakhmys and Kazkommertsbank will have a significant decrease in the value of securities in foreign markets. We assume that the market today will fall by 1-2%. - Bearish wave on Wall Street spread to Asian markets, but the rate of decline of the regional indices is relatively weak in the mind of most investors willing to buy a depreciating paper market significantly. This circumstance could eventually expand the dynamics of trading on the Shanghai Stock Exchange (+0.4%). According to some rumors active buying is carried out state-owned companies and pension funds in China. Under pressure from the financial sector due to the re-festering concerns on debt of Europe indexes Nikkei and Hang Seng fell by 0.9% and 1.4%%, respectively. Strengthening of the yen continued, reducing the profits of Japanese exporters. - The euro/dollar has once again turned around. W-shaped dynamics in EUR/USD suggests that market participants can not determine the direction of further movement in the mind sharp change of sentiment on the stock exchanges. On the one hand, intensified fears of France and its banks, which are threatened with a downgrade. On the other hand, investors do not exclude the possibility QE3 against the backdrop of pessimistic forecasts for the growth of the U.S. economy. Meanwhile, the growth of quotations of futures of U.S. indexes opposed to "green." The euro/dollar is rising by 0.44% and traded at 1.424. The expected increase in the number of initial claims for unemployment benefits by 5 thousand may lead to a weakening dollar to 1,427-1,432. - Copper can not begin to recover losses, even though the regular increase in imports of industrial metal in China. Futures on the Shanghai Stock Exchange today, fell in price by 0.4%. Brent crude early in the session fell below $ 106 per barrel, but was able to return above that mark. Fixing the profits can be seen today on gold, spot price of which after a record of $1,800 an ounce went down to $1,790. 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 4.0 6.2 Buy +55.0 KAZKOMMERTSBANK KASE 326.4 452.0 Buy +38.5 KAZKOMMERTSBANK -PREF KASE 144.0 226.0 Buy +56.9 HALYK BANK-GDR LSE 6.2 13.6 Buy +119.4 HALYK BANK KASE 240.8 474.0 Buy +96.9 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 444.1 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 15.8 22.7 Hold +43 KAZKMUNAIGAZ KASE 15,100.0 20,062.0 Hold +33 BMB MUNAI AMEX 0.82 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 918.0 1,427.0 Buy +55 ENRC LSE 585.5 1,216.0 Buy +108 KAZAKHGOLD-GDR LSE n/a n/a Review n/a URANIUM ONE LSE 3.0 3.3 Hold +11 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 17,001.0 33,825.0 Buy +99 STEPPE CEMENT LSE 32.8 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. [2011-08-11]