Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for September 27, 2011

/IRBIS, September 27, 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 27, 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. - Reduced investor interest in mining companies can determine the mood on the KASE. However, the conduct of the euro area still remains negative. In general, no special activity in the market is predicted. - Asian stock markets show growth, restoring the loss of a large decline, as investors expect the solutions that could solve a situation of debt in the eurozone. Hang Seng is rising against the background of the positive reaction of investors on the euro area, on plans for the use of funds to support European banks experiencing the problem. Nikkei 225 showed growth of 1.8%, reaching 8524. - Euro does not overcome the level that was reached on Monday. A lot of rebounds after a serious fall indicate that even now, perhaps, there is uncertainty amid continuing deepening debt crisis in Europe. - Growth in petroleum quotations can proceed against the intention of the leaders of euro zone countries to improve the debt situation and thus slow down the economic slowdown. Gold demand will also have in mind the recent falls, and the seemingly depreciating asset. 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 265.0 452.0 Buy +70.6 KAZKOMMERTSBANK -PREF KASE 148.0 226.0 Buy +52.7 HALYK BANK-GDR LSE 6.5 13.6 Buy +109.2 HALYK BANK KASE 230.0 474.0 Buy +106.1 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 355.0 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 15.3 22.7 Hold +48 KAZKMUNAIGAZ KASE 13,600.0 20,062.0 Hold +48 BMB MUNAI AMEX 1.03 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 782.0 1,427.0 Buy +82 ENRC LSE 550.0 1,216.0 Buy +121 KAZAKHGOLD-GDR LSE - n/a Review n/a URANIUM ONE LSE 2.1 3.3 Buy +58 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 18,500.0 33,825.0 Buy +83 STEPPE CEMENT LSE 31.0 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. [2011-09-27]