Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for September 7, 2011

/IRBIS, September 7, 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 7, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Trading on the Kazakhstan Stock Exchange will be held today on a wave of optimistic buying. In favor with local investors will be the shares of commodity companies, quotes of which support the positive trend in the market of commodities. ENRC and Kazakhmys could add more than 1%, while shares of KMG EP to rise in the range 0.5-1.3%. More powerful jump is possible for banks - between 2% and higher. - Positive attitudes today are observed in the Asian sites. Nikkei is rising by 1.9% after the Japanese yen fell to four- week lows against the dollar. Monetary authorities are asked to prop up the G7 to weaken the yen. This news increased the demand for shares of companies focused on exports to the U.S. Shanghai and Hang Seng added more than 1.2% in response to optimistic attempts of bulls to find market support after several days of downward movement. - Six-day increase in the dollar today is over. The euro/dollar is rising by 0.35% and traded at 1.405 in response to the recovery of risk appetite in Asia. Today the speech of representative of the Federal Reserve Evans is expected, who had previously supported the policy of further stimulating the American economy. It seems that once again will face the continuing divisions within the Fed about future monetary policy. The volume of industrial production in Germany, according to experts, grew by 0.5% in July against a decline of 1.1% a month earlier. - Positive from the stock market spread to commodity trading. European Brent crude oil continues to move higher, trading today at $ 113.4 per barrel, in response to the expected decline in U.S. fuel stocks, where a season of storms and hurricanes. Copper in Shanghai adds 1% to the prospects of increased demand for industrial metals in Asian countries. Ounce of gold today is reduced, reaching a price of $ 1,849. Investors are taking advantage of the moment, deciding to invest in risky assets and close positions on the part of the yellow metal. 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 +67.6 KAZKOMMERTSBANK KASE 273.0 452.0 Buy +65.6 KAZKOMMERTSBANK -PREF KASE 150.0 226.0 Buy +50.7 HALYK BANK-GDR LSE 6.7 13.6 Buy +103.0 HALYK BANK KASE 239.0 474.0 Buy +98.3 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 365.0 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 15.9 22.7 Hold +43 KAZKMUNAIGAZ KASE 14,300.0 20,062.0 Hold +40 BMB MUNAI AMEX 0.91 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 993.5 1,427.0 Buy +44 ENRC LSE 630.5 1,216.0 Buy +93 KAZAKHGOLD-GDR LSE n/a n/a Review n/a URANIUM ONE LSE 2.4 3.3 Buy +41 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 17,000.0 33,825.0 Buy +99 STEPPE CEMENT LSE 32.8 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. [2011-09-07]