Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for August 18, 2011

/IRBIS, August 18, 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 18, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - In general, external news background is somewhat negative. The dynamics of today's trading is difficult to predict. Commodity markets, particularly oil and metals, show a positive trend. However, fears of slowing global economy reduce the appetite of investors for risk. Nevertheless, analysts of "BTA Securities" believe that today active buying of KMG EP shares will take place. Banks can recover small part of their positions, however, as it became common, Kazkom can jump back for more than 3% after falling by 6.2% the previous day. - Trading in Asia in the first four days is dominated by bearish sentiment on the backdrop of concerns about the heated global economy slowdown and the yen appreciation to the highs of recent years. As a result of reduction of quotations exporters such as Honda Motor and Sony, the Japanese Nikkei index falls by almost 1%. The volume of exports of Japan in July decreased by 3.3%, exceeding the expectations of experts. Hang Seng index ranges, trying to determine the future direction of the movement. Shanghai down 0.7% in response to forecasts of slowing growth in China's economy to below 9%. Pressure on Asian stock market had a certain statement Fed officials about the absence of the need for additional incentives. - The euro/dollar today has slightly reduced. EUR/USD rate dropped by 0.13% to 1.4407 on the eve of U.S. data on inflation in July. Experts expect growth in the consumer price index by 3.3%, with rates of base CPI may accelerate to 1.7%. The upward price movements will weaken the market participants' expectations regarding the use of additional incentives. One of the main mandates of the Federal Reserve - to ensure price stability, and programs such as the QE only heat the rising cost of commodities. Positive data on the housing market is expected, but the number of initial claims for unemployment benefits may increase. - For three weeks stocks of copper on the London Metal Exchange on a background of significant recharge in China have been decreasing. Today, futures price of industrial metal on the Shanghai Stock Exchange increased by 0.6%. To $ 110.7 per barrel crude oil grew Brent, while under the pressure of slowing growth prospects of the U.S. economy and China - the two largest consumers of "black gold". Investors continue to buy gold hedging their risks. Keep up with them and the central banks of many countries, increasing their gold reserves in the event of another recession. 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 3.8 6.2 Buy +65.3 KAZKOMMERTSBANK KASE 296.0 452.0 Buy +52.7 KAZKOMMERTSBANK -PREF KASE 144.0 226.0 Buy +56.9 HALYK BANK-GDR LSE 6.7 13.6 Buy +102.8 HALYK BANK KASE 254.0 474.0 Buy +86.6 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 406.6 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 15.9 22.7 Hold +43 KAZKMUNAIGAZ KASE 14,000.0 20,062.0 Hold +43 BMB MUNAI AMEX 0.98 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,044.0 1,427.0 Buy +37 ENRC LSE 655.0 1,216.0 Buy +86 KAZAKHGOLD-GDR LSE n/a n/a Review n/a URANIUM ONE LSE 3.0 3.3 Hold +12 -------------------------- ---- -------- ------------ --------- ------- 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. [2011-08-18]