Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for August 15, 2011

/IRBIS, August 15, 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 15, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - On Friday, members of Kazakhstan's securities market did not buy shares of Kazkommertsbank, apparently having decided to omit the quotes to more attractive levels. As a result of recent growth potential trading value of shares was over 70%, and the GDRs of issuer in international markets have soared by 16%. So, today, investors still choose to buy securities at current levels, which can lead to growth of quotations of at least 3%. More than 2% may be added to the price of Kazakhmys and KMG. KASE index increased by 1.3% or more. - Asian indices is steadily moving northward. Positive data on rates of economic recovery in Japan after the devastating earthquake in March, supported by demand for risky assets. Country's GDP in annual terms, fell by 1.3% versus 2.5% expected. Moreover, the decisive actions of the Central Bank of the country to prevent the further strengthening of the yen contributed revenue growth of Japanese exporters. Nikkei from the start of trading gained more than 1%. The indices of Hong Kong and Chinese stock exchanges are growing at 2.3% and 0.2% respectively in response to positive data on U.S. retail sales. - EUR / USD rate adds 0.3% and is slightly above the level of 1.429. The positive dynamics of the stock market is not in favor of the U.S. currency. Market participants are also optimistic awaiting the outcome of the forthcoming meeting of the leaders of France and Germany. According to experts the ECB over the past week bought about 15 billion of sovereign bonds in Italy and Spain, with a total debt of more than $ 2 trillion. Euro. However, within the Central Bank of any controversy with respect to future purchases in the secondary market. The main controversial point is that the more banks buy securities, the harder it is for them to sterilize excess liquidity, which may adversely affect the inflationary background of the eurozone. - Brent futures contracts today are under pressure. The cost of crude oil fell below the European mark of $ 107.7 per barrel. However, positive on the stock market may return investors and commodity markets, as evidenced by the growth of quotations of copper in Shanghai. Three-month futures industrial metal added to the start of trading 0.3% in response to the upbeat momentum of Japan's GDP in the second quarter. Gold after reaching a record $ 1,800 continues to move in the downlink. The cost of the precious metal is reduced by 0.3%. Today the market is willing to offer for an ounce $ 1,742. 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. [2011-08-15]