Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for September 13, 2011

/IRBIS, September 13, 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 13, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Today multidimensional trend in the local market is possible. Positive effects may be the result of trading U.S. markets. Shares of banking sector can become cheaper by 2-5%. Growth on BCC is possible. Kazakhtelecom is still attractive in view of the current uncertainty in the market. - The EUR/USD may continue to be under pressure from rumors about the imminent default of Greece. Germany's finance minister said the situation in financial markets "extremely nervous", despite the fact that the real situation in the region's economy is not so bad. It was also noted that if Greece wants to remain in the euro area, other countries can not force her to withdraw from the European Monetary Union. - Gold and oil prices today are in demand. Support to the energy feedstock had reported reduced inventories. Stocks in Cushing (U.S.) declined by 4.7% to 33.8 million barrels. In the Gulf of Mexico, providing 27% of imported oil production declined by 61% due to the shutdown of some plants because of last week tropical storm, "Lee". 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 +58.6 KAZKOMMERTSBANK KASE 282.0 452.0 Buy +60.3 KAZKOMMERTSBANK -PREF KASE 144.0 226.0 Buy +56.9 HALYK BANK-GDR LSE 6.9 13.6 Buy +98.1 HALYK BANK KASE 240.0 474.0 Buy +97.5 HALYK BANK -PREF (HSBKP) KASE 168.4 237.0 Buy 40.7 HALYK BANK -PREF1 (HSBKP1) KASE - 237.0 Buy n/a BANK-CENTER-CREDIT KASE 350.0 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 15.5 22.7 Hold +46 KAZKMUNAIGAZ KASE 13,551.4 20,062.0 Hold +48 BMB MUNAI AMEX 0.90 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 998.5 1,427.0 Buy +43 ENRC LSE 622.5 1,216.0 Buy +95 KAZAKHGOLD-GDR LSE - n/a Review n/a URANIUM ONE LSE 2.3 3.3 Buy +43 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 16,800.0 33,825.0 Buy +101 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. [2011-09-13]