Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for August 22, 2011

/IRBIS, August 22, 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 22, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - The external news background for the Kazakh market has developed negative. Fears of the global economy remain. Asian markets prevail bearish. Oil is reduced. In this regard, analysts of BTA Securities believe that the securities of KMG EP, which as a whole suffered a weak loss on Friday, will be under pressure, the issuer's stock price may fall to 1.5-4%. Banks may close with a slight decline. The main question of the day will be the dynamics of Kazakhmys. 10% after the second reduction is possible to improve the game, given that the price of copper rising second day. - Asian markets continue to remain under pressure on fears of slowing global economy. The situation in the euro area remained stable negative. In the United States macrostatistics continues to bring disappointment. In China is expected further tightening of monetary policy. Japanese exporters continue to suffer from a significant strengthening of the yen in recent years that could eventually lead to the next Bank of Japan intervention on the foreign exchange market. The Nikkei today is reduced by 0.61%. Chinese banks are under significant pressure to increase rates of prospectuses. Shanghai and Hang Seng fell by 0.4% and 0.9% respectively. - The euro/dollar today is reduced by 0.26% and is trading at 1.436 against the withdrawal of the risky assets of Asian investors who are concerned about the state of affairs in the euro area and the detached position of Germany in the matter of issue of common European bonds. Despite the decline in yields in Spain and Italy, the positions of the two countries are still teetering on the brink of a script, "we need external help", although visible government efforts to reduce government spending. A significant threat to the region turn to be banks, whose situation may worsen in case of expected decline in ratings. - The most of gold market is under bullish sentiment. The cost of the precious metal at the auctions in Asia has overcome the level of $1,881 per troy ounce. Support to safe haven is also provided by the fact that investors transfer the assets of the franc and the yen against the anticipated intervention in the currency market by central banks of Switzerland and Japan. Copper in Shanghai today is moving to the north, adding 0.5%. Brent crude oil has made a sharp turn. Today, futures "black gold" fell more than 2%, dropping to $ 106.3 per barrel amid approximated end the armed conflict in Libya, where opposition forces entered the capital, Tripoli. 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 +77.1 KAZKOMMERTSBANK KASE 296.0 452.0 Buy +67.4 KAZKOMMERTSBANK -PREF KASE 144.0 226.0 Buy +56.9 HALYK BANK-GDR LSE 6.7 13.6 Buy +101.5 HALYK BANK KASE 254.0 474.0 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 406.6 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 15.9 22.7 Hold +52 KAZKMUNAIGAZ KASE 14,000.0 20,062.0 Hold +44 BMB MUNAI AMEX 0.98 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,044.0 1,427.0 Buy +50 ENRC LSE 655.0 1,216.0 Buy +98 KAZAKHGOLD-GDR LSE n/a n/a Review n/a URANIUM ONE LSE 3.0 3.3 Hold +18 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 18,190.0 33,825.0 Buy +98 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. [2011-08-22]