Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for September 2, 2011

/IRBIS, September 2, 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 September 2, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Significant reduction in risk appetite for foreign sites and negative dynamics of the market of raw materials indicate a bearish type of trading on the locale. Moreover, a good take- off of shares a day earlier would entail fixation of profits. In the red today, will be issuers of the banking and raw materials sectors. Decrease in quotations on the whole can be more than 1%. Purchases of Kazakhtelecom are possible today as the least risky shares. - Following the U.S. stock markets are moving steadily downward and Asian indices in the threshold data for jobs in the United States. Under intense pressure were stock prices of technology companies in the region. Sony loses about 5% in response to expectations of lower exports to the United States. Weak activity in the stock market in Japan due to political changes in the country. The Nikkei today is reduced by 1%. In China, a significant loss is the financial sector in response to a low probability that the authorities will ease monetary policy. Shanghai and Hang Seng fell by 1.3% each. - The euro/dollar balances at yesterday's close. All attention will be paid to the foreign exchange market today statistics. In the eurozone will be released data on the dynamics of the wholesale prices manufacturers. According to experts, PPI growth in July was 0.5% and 6.1% in annual terms. In general, such an increase will not affect investors' expectations about interest rate policy the ECB, which is likely to remain at current levels until the end of the year. In the United States is projected to increase off-farm employment by 65 thousand in August that is 52 thousand lower than figures for July. In general, investors are inclined to a more pessimistic data. Unemployment remains at 9.1%. - The prevalence of bearish sentiment can be seen in the markets influenced by reduced production in China and Europe. The cost of contracts for the supply of copper is reduced by 0.8% in Shanghai. Gold fell today and is traded at $ 1,828 per troy ounce. Slight increase was noted for futures of oil. European barrel of Brent crude is $ 114.5. 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 4.2 6.2 Buy +47.9 KAZKOMMERTSBANK KASE 310.3 452.0 Buy +45.7 KAZKOMMERTSBANK -PREF KASE 152.9 226.0 Buy +47.8 HALYK BANK-GDR LSE 7.0 13.6 Buy +93.6 HALYK BANK KASE 260.0 474.0 Buy +82.3 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 385.0 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 16.5 22.7 Hold +38 KAZKMUNAIGAZ KASE 14,899.0 20,062.0 Hold +35 BMB MUNAI AMEX 0.90 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,076.0 1,427.0 Buy +33 ENRC LSE 677.0 1,216.0 Buy +80 KAZAKHGOLD-GDR LSE n/a n/a Review n/a URANIUM ONE LSE 2.6 3.3 Buy +27 -------------------------- ---- -------- ------------ --------- ------- 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. [2011-09-02]