Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for September 30, 2011

/IRBIS, September 30, 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 30, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - The positive dynamics of the western indices can bring bullish sentiment on domestic auctions. After declining the previous day, today, purchases on Halyk Bank are available, which can also support Kazkom quotes. It is difficult to determine the possible dynamics of Kazakhmys background that the copper in London dropped yesterday, and today is growing in Shanghai. In general, re- multidirectional movement of quotations is expected. - In the equity markets of Asia, in contrast to U.S. and European sites bearish sentiment related to fears about Greece is continuing. Pressure on Asian stock quotes and provide signals about slowing growth in China, as evidenced by data HSBC, which showed that manufacturing activity in China continues to stagnate. Indices Nikkei, Hang Seng and Shanghai were down by 0.3%, 2% and 0.4% respectively. - Positive effect of a vote in the German Bundestag was short-lived. The euro/dollar again today, went down, losing 0.4% and bargaining at the level 1.354. Market was reinforced by expectations about an imminent default on obligations in Greece. Today, Prime Minister Papandreou to meet with French President Nicolas Sarkozy to discuss new ways to prevent a negative scenario. The impact on trading had another portion of macrostatistics. Eurozone publishes data on CPI and unemployment, USA - revenues and expenditures of consumers and the Michigan consumer confidence index. - The situation on the commodity market is ambiguous. Investors' appetite for risk is falling, as evidenced by the negative dynamics of the Asian indices, but at the same time increasing the demand for Commodities. Brent moved back to the level of $ 106 per barrel. Copper futures in Shanghai grow by 1.3% despite the poor statistics on manufacturing activity in China. Gold in negative territory today. The cost of the precious metal fell to $1,624 per troy ounce, while short-term bounce is possible in the upward direction. 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 3.3 6.2 Buy +87.9 KAZKOMMERTSBANK KASE 260.0 452.0 Buy +73.8 KAZKOMMERTSBANK -PREF KASE 148.0 226.0 Buy +52.7 HALYK BANK-GDR LSE 6.4 13.6 Buy +112.5 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 350.0 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 15.0 22.7 Hold +51 KAZKMUNAIGAZ KASE 13,551.4 20,062.0 Hold +48 BMB MUNAI AMEX 1.02 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 834.0 1,427.0 Buy +71 ENRC LSE 576.5 1,216.0 Buy +111 KAZAKHGOLD-GDR LSE - n/a Review n/a URANIUM ONE LSE 2.1 3.3 Buy +55 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 18,400.0 33,825.0 Buy +84 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. [2011-09-30]