Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for September 16, 2011

/IRBIS, September 16, 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 16, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Asian markets on Friday are showing growth, the shares began to rise in anticipation of a possible solution to the debt crisis in Europe, against the background of the heads of the major central banks on cooperation and emergency measures to increase liquidity for financial institutions. Now the Japanese Nikkei 225 index added 2.05% in weight, the South Korean Kospi index rose by 3.73%, and the Australian ASX - 1.83%. - In early Friday trading in Asia the pair EUR / USD has reduced. Investors may not yet decided on the order in which direction to move. Positive on news of Greece and the decision of the ECB is likely to win. In the euro zone data will be released on the index of current account balance of payments of the euro area in July, as well as data on a balance of foreign trade in the euro area in July. - The situation on the commodity markets is likely to repeat the previous days. Investors feel insecure in gold. However, in the long run the next three months is possible the next leap in gold due to increased investment, which by 2011 could reach $ 60 billion 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 285.0 452.0 Buy +58.6 KAZKOMMERTSBANK -PREF KASE 158.4 226.0 Buy +42.7 HALYK BANK-GDR LSE 6.8 13.6 Buy +100.0 HALYK BANK KASE 247.5 474.0 Buy +91.5 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 363.1 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 16.1 22.7 Hold +41 KAZKMUNAIGAZ KASE 13,910.0 20,062.0 Hold +44 BMB MUNAI AMEX 0.90 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,066.0 1,427.0 Buy +34 ENRC LSE 661.0 1,216.0 Buy +84 KAZAKHGOLD-GDR LSE - n/a Review n/a URANIUM ONE LSE 2.5 3.3 Buy +32 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 17,100.0 33,825.0 Buy +98 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. [2011-09-16]