Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for September 9, 2011

/IRBIS, September 9, 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 9, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - It is difficult to determine the dynamics of trading on the Kazakhstan Stock Exchange in the form of uncertainty in the markets and Asian sites. Anyway, the analysts of "BTA Securities" believe that growth, though low, but will be held. Possible financial blue chips rebound on KASE 0.5-1.7%. Raw materials producers appear to be moving in different directions. In the black can be shares of KMG EP. Under pressure may be KazakhTelecom quotes on a background of a 28% reduction in the GDR on international markets. - Asian investors have once again diversified into the investment preferences. Nikkei falls today by 0.7% after the pace of Japanese GDP in the second quarter was revised downward from -0.3% to -0.5%. Thus, the slowing Japanese economy on an annualized basis was 2.1%. Optimism on the Hong Kong area was due to lower inflation in China to 6.2% from the three-year high 6.5%. Support is provided and given Obama's plan at $ 447 billion to stimulate economic growth and reduce unemployment in the U.S. Hang Seng adds 0.22%. Shanghai after rising earlier in the day unfolded and reduced by 0.2%. - The euro/dollar is gaining 0.1% and traded at 1.39. Investors feel difficulty to determine the future trading strategy. Federal Reserve chairman did not hurry up with the announcement of any new monetary stimulus, deciding to wait for market reaction to Obama's speech. However, as seen on the dynamics of the Asian indices, proposed to Congress a plan to inject into the economy almost $ 450 billion more in tax cuts are not inspired much optimism to investors, who see only the short-term positive impact of the proposed measures. U.S. markets yesterday were not able to play the U.S. President's speech, which can happen in today's session, and therefore the expected growth of stock indices and the weakening of the dollar to 1.395-1.40. - Oil and gold are in demand today. Support to the energy feedstock has avenues to reduce the proposal this year in connection with the suspension of production in the Gulf of Mexico and the uncertainty regarding the recovery of supplies from Libya. However, the OECD forecasts slower U.S. and Japan economies, one of the largest consumers of oil, which may deploy the quotation. Meanwhile futures of Brent are traded at $ 114.72 a barrel. Gold has grown a little, up 0.23% to 1,870 per ounce. Copper in Shanghai decreased by 0.17%. 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 289.0 452.0 Buy +56.4 KAZKOMMERTSBANK -PREF KASE 150.0 226.0 Buy +50.7 HALYK BANK-GDR LSE 7.0 13.6 Buy +95.1 HALYK BANK KASE 255.0 474.0 Buy +85.9 HALYK BANK -PREF (HSBKP) KASE 168.4 237.0 Buy 40.7 HALYK BANK -PREF1 (HSBKP1) KASE - 237.0 Buy - BANK-CENTER-CREDIT KASE 364.0 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 16.2 22.7 Hold +40 KAZKMUNAIGAZ KASE 14,355.0 20,062.0 Hold +40 BMB MUNAI AMEX 0.92 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,076.0 1,427.0 Buy +33 ENRC LSE 659.5 1,216.0 Buy +84 KAZAKHGOLD-GDR LSE - n/a Review n/a URANIUM ONE LSE 2.5 3.3 Buy +33 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 17,000.0 33,825.0 Buy +99 STEPPE CEMENT LSE 31.8 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. [2011-09-09]