Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for August 16, 2011

/IRBIS, August 16, 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 16, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Significant growth of quotations of securities of Kazakhstan on Monday trading should alert market participants in forming strategies for today. Overall, the dynamic value of the shares of certain issuers wore speculative nature fueled by overly positive mood. In this regard, analysts of BTA Securities believe that some investors will decide to record profits, particularly in the banking sector. In a small plus may be the shares of KMG EP. Metallurgists show multidirectional movement. Change of KASE index will be in range from 0.5% to 1.2%. - Asian indices are now showing sluggish growth. But in the early days the start was good in response to the rally in the U.S. and deal M & A. The appetites of investors are likely constrained by pessimistic forecasts of some experts on Asian economies. In particular, the research agency Conference Board suggests that significant slowdown in China, which will continue in the next two months on the background of recent measures to tighten monetary policy and the critical swelling of the housing bubble. Prospectuses of Hong Kong are also not encouraging. Shanghai index fell by 0.45% and the Hang Seng added 0.4%. Slight decrease can be seen for the Japanese Nikkei (-0.05%). - EUR/USD rate reversed with the change in investor sentiment in the market of risky assets, declining by 0.2% to 1.4416. Today will be published data on the GDP of Eurozone and Germany, which may indicate a slowdown in the second quarter. In the United States decrease in the number of new buildings and building permits for the end of July is projected. The housing market is for already more than two years trying to recover from the effects of the subprime mortgage crisis, complicating the job market, coupled with the overall process of post-crisis recovery of the U.S. economy. - Today, the situation on the commodity markets has changed in response to a stronger dollar and forecasts of experts to slow down the economies of China and other Asian countries. Copper futures in Shanghai are reduced in price by 0.9%. Meanwhile, Brent crude is cheaper by 0.5% and is traded at $ 109 a barrel amid bearish prospects for demand for raw materials in the U.S. and China. The projected film in the U.S. housing market puts additional pressure on the quotes. Buying of gold continues. 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 +56.2 KAZKOMMERTSBANK KASE 319.5 452.0 Buy +41.5 KAZKOMMERTSBANK -PREF KASE 144.0 226.0 Buy +56.9 HALYK BANK-GDR LSE 6.8 13.6 Buy +99.9 HALYK BANK KASE 263.0 474.0 Buy +80.2 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 449.4 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 16.0 22.7 Hold +42 KAZKMUNAIGAZ KASE 14,800.0 20,062.0 Hold +36 BMB MUNAI AMEX 0.88 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,050.0 1,427.0 Buy +36 ENRC LSE 633.5 1,216.0 Buy +92 KAZAKHGOLD-GDR LSE n/a n/a Review n/a URANIUM ONE LSE 3.1 3.3 Hold +8 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 18,190.0 33,825.0 Buy +86 STEPPE CEMENT LSE 33.3 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. [2011-08-16]