Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for September 29, 2011

/IRBIS, September 29, 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 29, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - KASE index will come under pressure today the results of the trading session in the U.S. Reduction of the domestic index may exceed 0.5%. Much will depend on how intensive the decrease in quotations of commodity companies, including metallurgists, will be. The current rise of oil can support EP KMG, however, the movement in the green zone is unlikely. Banks will go down. - Asian stock markets fell for the first time in three days, the yen strengthened, commodity falls amid reports that European politicians will not be easy to overcome the debt crisis. Despite the positive results of the vote in Finland, Asian investors remain concerned about the situation in Greece and the possibility of default scenario of the country in the near future. Shanghai drops by 0.8% and Nikkei, after declining by 1% at the beginning of the day was able to move into the green zone of 0.2%. According to the major Japanese manufacturers, a weak euro would have a negative impact on earnings of companies. Meanwhile, early morning trading in Hong Kong were canceled due to a typhoon in the region. - In the currency market reversal of the euro/dollar was recorded, which rose by 0.5% since the beginning of the session. The reason for optimism was the positive outcome of the vote in the Finnish parliament to empower the European Stabilisation Fund. If approved, the new mechanisms in all eurozone countries, EFSF (European Financial Stability Facility) will be able to make intervention in the market of sovereign bonds and to provide credit lines to troubled countries. Today, investors' attention will be drawn to vote in the Bundestag. - Growth in oil quotations continues against the background of the leaders of the eurozone countries to improve the debt situation in the region, thus slow down the economic slowdown. Brent gained 0.8%, topping the mark of $ 106 per barrel. Gold has fallen in price in recent days by 10%, but is now in demand, an increase in the price to $ 1,617 per ounce. Pessimistic expectations on consumption of industrial metals such as copper put pressure on the quotes in Shanghai, which are falling by 5%. 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 3.6 6.2 Buy +74.6 KAZKOMMERTSBANK KASE 265.0 452.0 Buy +70.6 KAZKOMMERTSBANK -PREF KASE 148.0 226.0 Buy +52.7 HALYK BANK-GDR LSE 6.3 13.6 Buy +117.6 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 350.0 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 15.4 22.7 Hold +47 KAZKMUNAIGAZ KASE 13,600.0 20,062.0 Hold +48 BMB MUNAI AMEX 1.02 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 840.5 1,427.0 Buy +70 ENRC LSE 579.5 1,216.0 Buy +110 KAZAKHGOLD-GDR LSE - n/a Review n/a URANIUM ONE LSE 2.2 3.3 Buy +49 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 17,900.0 33,825.0 Buy +89 STEPPE CEMENT LSE 30.5 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. [2011-09-29]