Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for August 31, 2011

/IRBIS, August 31, 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 31, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - In general, the growth of yesterday's growth of quotations of raw materials should support the shares of metallurgists and oil industry. Banks may also be marked in black. Significant growth of quotations of securities of Kazakhstan in foreign markets should boost the value of shares at a locale for at least 1.5%. Among the leaders may be Kazkom, GDR of which have soared by 16%. Halyk Bank can add more than 2%. At least 5% added raw materials producers on the international markets. - Asian markets opened today in different directions. Nikkei index went down by 0.1% on the pressure of rolled down quotations of Japanese exporters suffering from the strengthening yen. Disappointed market players statistics on industrial production in the "Land of the Rising Sun", the volume of which grew by only 0.6% against the forecasted 1.5%. Hang Seng rising to 0.35% of shares, with the support of developers, construction companies and issuers of the technology sector. Shanghai index falls by 0.7% in response to the negative data on consumer confidence in the U.S. and an expected tightening of lending in the PRC. - Mixed feelings are in the commodity markets. In general, there is sluggish movement quotes Commodities. The cost of crude oil has risen - Brent futures are traded at $ 114.7 per barrel. However, the increase in prices for "black gold" today may cease in response to expected increases in fuel stocks in the U.S. After yesterday's rally spot price of gold dropped below $ 1836 per ounce. The slight decrease is observed on copper futures in Shanghai (-0.06%). - The euro / dollar goes down, reaching 1.443 at the threshold of the next portion of macrostatistics. In Europe, was published data on unemployment in Germany, which, according to experts, has not changed, remaining at 7%. The indicator for the euro area remained at 9.9%. Significant decline in retail sales in Germany was also expected. In the U.S., ADP publishes the report of change in employment in the private sector. The number of new jobs in August, according to experts, has grown by 103 thousand. That is 11 thousands less than the July values. 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 +59.0 KAZKOMMERTSBANK KASE 299.6 452.0 Buy +50.9 KAZKOMMERTSBANK -PREF KASE 152.9 226.0 Buy +47.8 HALYK BANK-GDR LSE 6.7 13.6 Buy +103.0 HALYK BANK KASE 247.0 474.0 Buy +91.9 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 16.2 22.7 Hold +40 KAZKMUNAIGAZ KASE 13,800.0 20,062.0 Hold +45 BMB MUNAI AMEX 0.93 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,051.0 1,427.0 Buy +36 ENRC LSE 660.0 1,216.0 Buy +84 KAZAKHGOLD-GDR LSE n/a n/a Review n/a URANIUM ONE LSE 2.8 3.3 Buy +18 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 17,000.0 33,825.0 Buy +99 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. [2011-08-31]