Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for October 6, 2011

/IRBIS, October 6, 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 6, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Today the index of KASE is expected to increase. Domestic investors are in bullish attitude taken up from Western counterparts and will give preference for commodities and financial securities. Quotes of Kazakhmys may add more than 3%, ENRC will grow at 1.5-3%. In the wake of purchases will be the banks, among which Halyk bank is worth mentioning as a potential leader of today's trading. - Positive end trading in the U.S. prompted the return of Asian investors to risky assets in response to positive from the eurozone and unexpected increase in employment in the private sector of the U.S. Hang Seng index is growing by more than 4%. In Japan, optimism about the future profits of exporters is restored. The value of Nikkei rose by 1.6% since the beginning of the opening of trading. - Today on the forex market there is an attempt to continue the strengthening of European currencies. The euro/dollar has met strong resistance at 1.335. Rumors that European officials plan to recapitalize the banks are still only a guess. Official statements have not been provided. Meanwhile, the EU Commission continues to check the performance of Greece. Today, the ECB will announce its decision on rates in the region. The market expects the conservation rate of 1.5%. At the same time attention will be paid Trichet said the bank's policy for further background on the ongoing panic associated with Greece. - On the commodity markets positive prevails, associated with the positive dynamics of the U.S. stock market indices. Brent now gaining 0.1% and traded at $ 102.8 per barrel. Copper today in the black - futures rise in price by 2%. Gold prices rose by 0.3% and settled at $ 1,649.5 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 3.4 6.2 Buy +83.4 KAZKOMMERTSBANK KASE 248.0 452.0 Buy +82.3 KAZKOMMERTSBANK -PREF KASE 148.0 226.0 Buy +52.7 HALYK BANK-GDR LSE 6.0 13.6 Buy +128.6 HALYK BANK KASE 224.3 474.0 Buy +111.3 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 329.4 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 13.8 22.7 Hold +65 KAZKMUNAIGAZ KASE 12,600.0 20,062.0 Hold +59 BMB MUNAI AMEX 1.02 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 782.5 1,427.0 Buy +82 ENRC LSE 557.5 1,216.0 Buy +118 KAZAKHGOLD-GDR LSE - n/a Review n/a URANIUM ONE LSE 2.2 3.3 Buy +53 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 17,600.0 33,825.0 Buy +92 STEPPE CEMENT LSE 30.6 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. [2011-10-06]