Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for September 28, 2011

/IRBIS, September 28, 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 28, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Today's trading on KASE will likely take place in the green zone on positive news from Europe. - Asian stock markets once again demonstrate the growth against the backdrop of positive news from Europe. 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 0.18%, reaching 8,625.0 - Problems with debt in the euro area seem to be on the way to solution. Lenders in the faces of the EU, ETSS, IMF must help address the issue of Greece in the amount of 8 billion euros, without which economists estimate that the debtor may survive only until mid-October. Statement that part of the debts should be written off by commercial banks could put pressure on the Euro. - Growth in oil quotes will continue against the background the statement of the leaders of euro zone countries to improve the debt situation and thus freeze the economic slowdown. Gold has fallen in price in recent days by 10%, approaching the mark of 1,600 per troy ounce. Investors move to dollar cash in uncertainty about the best tool for protection, but most likely it is temporary and investors will soon again turn their attention to gold 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 265.0 452.0 Buy +70.6 KAZKOMMERTSBANK -PREF KASE 148.0 226.0 Buy +52.7 HALYK BANK-GDR LSE 6.4 13.6 Buy +111.2 HALYK BANK KASE 237.5 474.0 Buy +99.6 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 330.0 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 15.7 22.7 Hold +44 KAZKMUNAIGAZ KASE 13,600.0 20,062.0 Hold +48 BMB MUNAI AMEX 1.02 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 857.0 1,427.0 Buy +67 ENRC LSE 599.0 1,216.0 Buy +103 KAZAKHGOLD-GDR LSE - n/a Review n/a URANIUM ONE LSE 2.4 3.3 Buy +39 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 17,700.0 33,825.0 Buy +91 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. [2011-09-28]