Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for August 12, 2011

/IRBIS, August 12, 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 12, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - The game on increase is now expected in certain securities on KASE. In particular, special attention will be paid to the stocks of KKB, sharply depreciated yesteday. Halyk Bank will also be under purchases. The positive dynamics in the market of raw materials will increase the value of the equity securities of metallurgists, taking into account the fact that ENRC and Kazakhmys added much in London - more than 4%. We recommend buying very attractive at current levels shares of KMG EP. - Asian indexes today are moving in different directions. Japanese investors can not accurately determine the further trading ideas. In the early days the Nikkei gradually grew against decrease in the number of applications for unemployment benefits and the positive outcome of trading in the U.S., but then turned around (-0.22%) in response to concerns about debt in the eurozone. The Japanese government has downgraded forecasts for growth in the country for this year by more than 0.5%. Hang Seng and Shanghai have grown from the opening of trading by 1.1% and 0.5% respectively, supported by positive corporate records and the growth of quotations of mining companies. Futures of U.S. indices decline. - The euro/dollar today has once again turned around. W- shaped dynamics in EUR/USD suggests that market participants can not determine the direction of further movement in mind frequent in recent change of sentiment in the stock markets. Fears for the euro area remain. The leaders of France and Germany plan to meet to discuss the latest developments in the markets and fears of a downgrade the second-largest economy in the region. The euro/dollar falls by 0.3% and is traded at 1.42 on the eve of macrostatistics from Europe (France and Greece's GDP, industrial production in the euro area) and the U.S. (retail sales, consumer confidence index). - After a significant increase in last session copper futures continue to move northward, adding 0.65% today, traded in Shanghai. The reason for optimism were the expectations of the market that China - the largest consumer of copper - will continue to buy industrial metal, after rolling back the value of futures contracts to levels below $9,000 per ton. Today strengthening of U.S. dollar resulted in lower crude oil quotes of Brent. The cost of energy raw materials decreased by 0.6% to $ 107 per barrel. Slight increase is observed for gold, pointing to persistent fears of investors who want to hedge the risks. 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 3.0 6.2 Buy +109.5 KAZKOMMERTSBANK KASE 290.5 452.0 Buy +55.6 KAZKOMMERTSBANK -PREF KASE 144.0 226.0 Buy +56.9 HALYK BANK-GDR LSE 6.3 13.6 Buy +117.6 HALYK BANK KASE 238.0 474.0 Buy +99.2 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 433.4 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 15.7 22.7 Hold +44 KAZKMUNAIGAZ KASE 14,400.0 20,062.0 Hold +39 BMB MUNAI AMEX 0.85 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 954.5 1,427.0 Buy +50 ENRC LSE 617.0 1,216.0 Buy +97 KAZAKHGOLD-GDR LSE n/a n/a Review n/a URANIUM ONE LSE 3.1 3.3 Hold +9 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 17,500.0 33,825.0 Buy +93 STEPPE CEMENT LSE 32.5 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. [2011-08-12]