Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for August 17, 2011

/IRBIS, August 17, 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 17, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Major indexes in Europe and the U.S. finished trading with negative movement. In Asia in general, the prevalence of bearish sentiment was also observed. The cost of raw materials fell yesterday, as the paper Kazakh companies in foreign markets were in negative territory. All this points lead to a likely decrease in quotations of the majority of issuers today. In particular, sales of shares may occur to Kazakhmys. On BCC purchases are possible in response to the significant decline the previous day, but two other representatives of the banking sector will come under pressure. Shares of KMG look attractive, which could lead to the growth of quotations by 1.2-2%. - Major Asian markets today are moving in different directions. The Tokyo Stock Exchange Nikkei index down 0.4% on concerns about the fact that Merkel-Sarkozy plan for taxes would slow economic growth in the eurozone. Not pleased with the Japanese exporter and the data to reduce the rate of new housing construction in the U.S. with 10.8% in June to 1.5% in July. Support for the Chinese indices has suddenly taken off China Coal Energy profits in the first half to 8.7%. Shanghai Composite now adds 0.05%, Hang-Seng is rising by 0.94%. - EUR/USD rate is at 1.4404. In general, market participants are concerned about the fact that the main euro-zone economies, Germany and France are trying to separate from the risks (as evidenced by the rejection of the idea of unified Eurobond) coming from peripheral countries, but also assuring the outside world about the necessity and usefulness of a deep integration. The situation in the country remains stable PIIGS negative, but in spite of this plan to further tightening of fiscal requirements. Reluctance to increase the size of the stabilization fund indicates that in countries like Italy and Spain to deterioration in debt should not count on bail-out. Today CPI data for the eurozone is expected. In general, the euro/dollar could fall into the hallway of 1.432 - 1.438. - Slight increase in quotations is observed in the commodity markets. Brent crude oil exceeded the mark of $ 109.6 per barrel. Copper futures for delivery in Shanghai rise in price by 0.07% in response to the increasing volume of purchases of industrial metal by China, which led to a significant reduction in stocks of metal on the stock exchanges. Gold prices are down slightly, leaning below $1,787 per 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 3.9 6.2 Buy +59.4 KAZKOMMERTSBANK KASE 315.7 452.0 Buy +43.2 KAZKOMMERTSBANK -PREF KASE 144.0 226.0 Buy +56.9 HALYK BANK-GDR LSE 6.6 13.6 Buy +106.1 HALYK BANK KASE 260.0 474.0 Buy +82.3 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 405.0 - 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 0.90 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,029.0 1,427.0 Buy +39 ENRC LSE 631.5 1,216.0 Buy +93 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 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. [2011-08-17]