Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for October 11, 2011

/IRBIS, October 11, 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 11, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Yesterday's increase of U.S. indexes at 3% will create prerequisites for a good rally and on the Kazakh Stock Exchange. The growth of KASE index could be more than 2%. Preference of investors will be given to shares of the banking sector. Stocks of Halyk Bank may be attractive, which quotations can fly by at least 3.5%. - Euphoria around statements of Merkel and Sarkozy's readiness to provide any support for European banks continues. Asian indexes today are in the green zone. The Japanese Nikkei (+2%) after one-day holiday shows best growth for two weeks on a wave of optimism about the debt problems of the eurozone. Chinese stock indexes support news that the state investment company Central Huijin Investment undertook the purchase of shares of four major national banks. Quotes Bank of China soared by more than 8%. Hang Seng and Shanghai are currently increasing at 3.3% and 0.6% respectively. - The euro/dollar is at three-week highs - 1.364. Support to the single currency is provided by investors optimistic about favorable developments in the euro area banking system. An interesting fact is that the market for a while forgot about Greece, which ultimately influenced the sharp exchange rate dynamics. Focusing on the recapitalization of banks, investors in any degree, give a signal that a default of Greece in the near future is inevitable. Meanwhile, the Maltese Parliament approved the changes in EFSF, but difficulties arose with the ballot in Slovakia. - Changing attitudes was recorded in the commodity markets. Copper in Shanghai today, falling by 0.2%. The cost of Brent crude oil decreased by 0.6% and is trading at below $ 108 a barrel, despite the possible disruption of supplies from Kuwait and Nigeria. Also, there is a decline in demand for gold, ounce of which fell to $1,678.4. 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 +82.9 KAZKOMMERTSBANK KASE 254.8 452.0 Buy +77.4 KAZKOMMERTSBANK -PREF KASE 148.0 226.0 Buy +52.7 HALYK BANK-GDR LSE 5.8 13.6 Buy +134.5 HALYK BANK KASE 227.0 474.0 Buy +108.8 HALYK BANK -PREF (HSBKP) KASE - 237.0 Buy - HALYK BANK -PREF1 (HSBKP1) KASE - 237.0 Buy - BANK-CENTER-CREDIT KASE 337.1 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 15.0 22.7 Hold +52 KAZKMUNAIGAZ KASE 13,450.0 20,062.0 Hold +49 BMB MUNAI AMEX 1.02 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 886.5 1,427.0 Buy +61 ENRC LSE 639.5 1,216.0 Buy +90 KAZAKHGOLD-GDR LSE - n/a Review n/a URANIUM ONE LSE 2.1 3.3 Buy +57 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 17,600.0 33,825.0 Buy +92 STEPPE CEMENT LSE 31.5 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. [2011-10-11]