Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for September 5, 2011

/IRBIS, September 5, 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 5, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - U.S. markets fell by more than 2%. Following them Asian indexes fall at the same pace. In this regard, it is assumed that the trading session on locale will finish with decrease by more than 1.5%. Domestic exporters could lose between 1.3% and more. Shares of the banking sector may be cheaper by 2-5%. Small increase in BCC is possible. Kazakhtelecom is still attractive in view of the current uncertainty in the market. - For the second day in a row Asian markets suffer significant losses. Frustrated by the statistics on the U.S. labor market is the main catalyst for the downward movement. Japan's Nikkei drops 1.9% under pressure from exporters and bank quotes chips. Hang Seng index and Shanghai lost since the beginning of the trading session, more than 1.6%. Asian investors continued to worry the situation of debt in the eurozone. Another defeat of the ruling party in Germany increases the likelihood of significant challenges in the future for financial assistance by the weaker economies in the eurozone. - U.S. markets are closed today in observance of Labor Day. - The euro/dollar declines by 0.33% and traded below 1.416. Panic on the stock markets promotes the active care of investors in the dollar, acting as a safe haven. Market participants are gradually switching to the euro zone unsolved problems, moving into the background the possible launch of the third round of quantitative easing in the U.S. In addition, most experts believe that despite the weak growth in the eurozone economy ECB decides to lower interest rates by the end of the year. In Europe, the expected data on the PMI France, Italy and Germany, as well as retail sales in the eurozone. - Pessimistic expectations for the growth of the two largest economies in the world - the United States and China - putting pressure on commodity Commodities quotes. Copper futures on the Shanghai Stock Exchange today, losing in the cost of more than 0.8%. Quotes of the European Brent crude oil fell by 0.45% to $ 111.8 per barrel in response to the prospectus to reduce fuel consumption. Gold today is surprisingly also in the red. The spot price of the metal dropped below $1,880 per ounce. Asian investors at the moment more often interested in the dollar and prefer to hold cash rather than invest in Commodities or stocks. 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 4.0 6.2 Buy +55.4 KAZKOMMERTSBANK KASE 300.0 452.0 Buy +50.7 KAZKOMMERTSBANK -PREF KASE 158.4 226.0 Buy +42.7 HALYK BANK-GDR LSE 7.0 13.6 Buy +95.7 HALYK BANK KASE 259.0 474.0 Buy +83.0 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 14,500.0 20,062.0 Hold +38 BMB MUNAI AMEX 0.91 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,040.0 1,427.0 Buy +37 ENRC LSE 658.5 1,216.0 Buy +85 KAZAKHGOLD-GDR LSE n/a n/a Review n/a URANIUM ONE LSE 2.4 3.3 Buy +36 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 17,100.0 33,825.0 Buy +98 STEPPE CEMENT LSE 32.5 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. [2011-09-05]