Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for October 3, 2011

/IRBIS, October 3, 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 October 3, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - The beginning of the week to be hard for stocks of Kazakhstani KASE. Today substantial losses for a number of issuers are expected. In particular, financial and mining sector will suffer. In this situation, the only trade idea is to purchase Kazakhtelecom. In general, the value of KASE may decline by 1.2 - 2%. - Negative effect of Friday's sell-off in American markets today reached the Asian stock markets. Quarterly Tankan index showed that the bad feelings among Japanese manufacturers remain. Nikkei went down today by 2.2%. Coupled with pressures of the Greek factor indices in Asia are affected by slowing consumer spending in the U.S. due to an unexpected decline in first two years of income of U.S. citizens. Hang Seng has fallen off by almost 5%, while trading on the Shanghai Stock Exchange will not be held during the week due to festive events in China. - News that the new measures to reduce government spending in Greece, somehow do not reach the target preferences of European lenders have contributed to further weakening of the single European currency. Bogged down in problems of the country received a reprieve from the "threesome" to meet the requirements for the sixth tranche granted in the past year, the aid package. Today Luxembourg will host a meeting of EU finance ministers, on which the probability of default of Greece and its possible consequences for the banking systems of the region will be discussed. While the euro/dollar declines by 0.4% and is trading at 1.333. - The raw materials market continues to decline quotations copper and crude oil. In the opinion of the experts surveyed by Bloomberg production of "black gold" in the countries of OPEC in September rose by 75 thousand barrels to the maximum levels for three years - 30,055 million barrels per day. Brent futures are down 2% and traded at $ 101.9 per barrel. The cost of copper in the meantime reduced by more than 1%. Sales in the stock markets stimulate buying of gold as a safety tool. The spot price of the precious metal is settled at $ 1,631.9 an ounce. 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 3.5 6.2 Buy +78.2 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 +114.2 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 348.5 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 14.7 22.7 Hold +55 KAZKMUNAIGAZ KASE 13,551.4 20,062.0 Hold +48 BMB MUNAI AMEX 1.02 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 793.0 1,427.0 Buy +80 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 +60 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 18,325.0 33,825.0 Buy +85 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. [2011-10-03]