Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for October 5, 2011

/IRBIS, October 5, 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 5, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - After yesterday's rally of U.S. indexes and amid today's downward movement on the Asian sites, for the Kazakh investors it will be more difficult to determine the trading strategy of the day. This fact will lead to the quotations of seven chips appear to show mixed trends, with trading activity subsides. However, the bearish sentiment will prevail. In the plus today will be Kazakhtelecom (1-2.5%). International securities of the Company on the Stock Exchange Frankfurt yesterday by soared more than 7%. - Despite the positive end of trading in the U.S., Asian investors continued their flight from risky assets in response to a lowering of Moody's credit rating to A2, Italy. Such news was washed all positive about the fact that the European authorities plan to allocate funds to troubled banks in the region. Hang Seng Index today lost nearly 3.4%. In Japan, a significant decrease was observed in the quotations of utilities in response to government plans to revise the country's electricity pricing. Nikkei drops 0.9%. - The euro/dollar falls again, losing 0.3% and going up to around 1.33. Two weeks later, after the decision of S & P for the first time in nearly two decades of Italy's credit rating was downgraded agency Moody's - on three levels to A2 from Aa2. Negative rating outlook amid concerns about the ability of government to significantly reduce the second-largest in the euro area the size of the debt against the background of weak growth in the Italian economy. Meanwhile, market participants are gradually switching to the ECB, which shall take any additional measures to prevent deterioration of the situation in the region. - On the commodity markets short-term positive mood associated with yesterday's weaker dollar and positive dynamics of U.S. stock index, ended with the opening of trading in Asia against the background of a downgrade of Italy. Brent is now trading at $ 101.6 per barrel. Gold prices are settled at $1,627.4 an ounce. Copper is still in positive territory. 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 +85.6 KAZKOMMERTSBANK KASE 250.0 452.0 Buy +80.8 KAZKOMMERTSBANK -PREF KASE 148.0 226.0 Buy +52.7 HALYK BANK-GDR LSE 6.1 13.6 Buy +123.1 HALYK BANK KASE 227.0 474.0 Buy +108.8 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 14.0 22.7 Hold +62 KAZKMUNAIGAZ KASE 12,500.0 20,062.0 Hold +60 BMB MUNAI AMEX 1.02 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 730.0 1,427.0 Buy +95 ENRC LSE 522.0 1,216.0 Buy +133 KAZAKHGOLD-GDR LSE - n/a Review n/a URANIUM ONE LSE 2.0 3.3 Buy +65 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 17,650.0 33,825.0 Buy +92 STEPPE CEMENT LSE 30.8 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. [2011-10-05]