Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for August 23, 2011

/IRBIS, August 23, 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 23, 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 moderately positive. International sites show a positive trend that will definitely affect the mood of local investors. Activity in the locale today will grow up. Shopping can take on most of the issuers. Particularly attractive would be the shares of KMG EP and Halyk Bank. Under some pressure will be shares of steel companies amid falling value of industrial metals. In general, KASE index can add from 0.4% to 1.5%, according to analysts of BTA Securities. - The Asian markets are now showing strong growth against the background of optimistic expectations about the next run of the program of redemption of bonds of concern. Moreover, support for venture appetites have HSBC and preliminary data for the Advancement of industrial activity in China - the PMI index rose to 49.8 points, slightly below the zone of positive dynamics of the sector. Nikkei added to the session with more than 0.7%, Hang Seng index and Shanghai rose by 0.56% each. - Risk purchase the stock markets, observed against the background of positive data on Chinese economy, supported the demand for risky currencies, including Euros. Expectations of QE3 exert pressure on the dollar. Continued w-shaped dynamics of the euro / dollar suggests that the volatility and uncertainty in the market persist. Any movement to a greater extent due to speculative factors. Today, the impact on the sale will provide statistics. In Europe, the published data that may show reduced PMI index in Germany and the eurozone. Countdown institute ZEW, according to experts, will decline in economic confidence, which supports the pessimistic forecasts of economic growth in the region. In the U.S., meanwhile, positive on the market for new homes is expected. - The most bullish market is still the gold market. The cost of the precious metal at the auctions in Asia has overcome the level of $1,903 per troy ounce. Support to safe haven is also provided by the fact that investors transfer of the assets of the franc and the yen against the anticipated intervention in the currency market central banks of Switzerland and Japan. Copper in Shanghai today is moving south, losing 0.42%. Oil price: Brent crude increased by 0.24% to $ 109.1 per barrel amid pessimistic prospects for rapid recovery of supplies from Libya. President Obama officially announced that the Gaddafi regime has fallen. 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 3.1 6.2 Buy +10.8 KAZKOMMERTSBANK KASE 283.6 452.0 Buy +59.4 KAZKOMMERTSBANK -PREF KASE 150.0 226.0 Buy +50.7 HALYK BANK-GDR LSE 6.1 13.6 Buy +122.2 HALYK BANK KASE 238.6 474.0 Buy +98.7 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 410.9 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 15.1 22.7 Hold +51 KAZKMUNAIGAZ KASE 13,900.0 20,062.0 Hold +44 BMB MUNAI AMEX 0.92 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 925.5 1,427.0 Buy +54 ENRC LSE 613.5 1,216.0 Buy +98 KAZAKHGOLD-GDR LSE n/a n/a Review n/a URANIUM ONE LSE 2.8 3.3 Hold +19 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 17,100.0 33,825.0 Buy +98 STEPPE CEMENT LSE 32.3 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. [2011-08-23]