Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for August 26, 2011

/IRBIS, August 26, 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 26, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Despite the fact that U.S. markets closed in negative territory, and Asia demonstrates a strong opposition between bulls and bears, trading on the locale could end on a positive note in the range of 0.7-2%. In the commodity markets costs of oil and industrial metals have been rising, which supports the stocks of domestic raw-materials producers. Caution should be applied to stocks of Kazakhmys, but even if they will move down, it will be not so significant. In general, the players of Kazakhstan Stock Exchange have the opportunity to play on the rise, as news from the U.S. will act only on the end of trading on the KASE. - In Asian markets today, there are mixed feelings. Nikkei index in anticipation of events in the U.S. balance between growth and losses, adds 0.2%. Members of the Japanese market look onto the resignation of Prime Minister Naoto Kan, who generally could not cope with the consequences of the March earthquake, with optimism. Shanghai and Hang Seng were in the red at 0.44% and 0.15% respectively, despite good support from the banking sector issuers. Net income of the Commercial Bank of China in the first half of this year soared by 29%. These positive figures have led to an increase in stock price by more than 3%. - The euro/dollar is growing on the eve of the key events of the day. All the market's attention will be focused on Fed Chairman Bernanke's speech on the current situation in the U.S. economy and possible measures to stimulate growth. Everyone is concerned whether QE3 will take part. In general, market participants divided in expectations. Some actively speculating on this topic, while others believe that scenario will not repeat last year in the form of various circumstances. Anyway, what would have been signals that the dynamics of the market will rise or abrupt fall. Stoke set final data on U.S. GDP for the second quarter, the pace of which, experts say, has slowed from earlier 1.3% to 1.1%. Meanwhile, EUR/USD rate rose by 0.3% and is at 1.4425. - The dominance of bullish sentiment was observed on commodities market. Brent crude oil added 0.15%. Futures of "black gold" are traded at $ 111.3 per barrel. The cost of copper in Shanghai has grown since the beginning of the session by 0.3%. Purchases of gold continued to decline against Asian indices. The pressure on the precious metal has the news that the CME Group in response to a historically unprecedented increase above the $ 1,900 agreed to raise the marginal demand for gold trading, spot price is now settled above $ 1,777 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 3.7 6.2 Buy +66.4 KAZKOMMERTSBANK KASE 295.0 452.0 Buy +53.2 KAZKOMMERTSBANK -PREF KASE 150.0 226.0 Buy +50.7 HALYK BANK-GDR LSE 6.2 13.6 Buy +117.9 HALYK BANK KASE 247.0 474.0 Buy +91.9 HALYK BANK -PREF (HSBKP) KASE n/a 237.0 Buy - HALYK BANK -PREF1 (HSBKP1) KASE n/a 237.0 Buy - BANK-CENTER-CREDIT KASE 400.0 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 15.4 22.7 Hold +47 KAZKMUNAIGAZ KASE 14,000.0 20,062.0 Hold +43 BMB MUNAI AMEX 0.96 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 997.0 1,427.0 Buy +43 ENRC LSE 615.0 1,216.0 Buy +98 KAZAKHGOLD-GDR LSE n/a n/a Review n/a URANIUM ONE LSE 2.7 3.3 Hold +25 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 17,150.0 33,825.0 Buy +97 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. [2011-08-26]