Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for October 12, 2011

/IRBIS, October 12, 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 12, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Changing attitudes in the U.S. markets will not be in favor of the quotations of domestic issuers. Problems of the eurozone again come to the fore in the U.S. reporting season started poorly, industrial metals went into a deep disadvantage. At international markets Kazakh securities also showed negative trend. In general, the KASE index is expected to reduce by 0.5 - 0.8%. - In Asia, there are mixed feelings. The index of Shanghai Stock Exchange today is gaining more than 2% on a wave of optimism about the future purchases of shares by the state's largest banks in China. Nikkei falls today by 0.2% in response to the report disappointed by earnings from Alcoa, which again brought back fears about the prospects for U.S. economic growth. Hang Seng is rising by 0.9%. - A slight decline is observed in the euro/dollar, which is traded at 1.3634. The unsuccessful outcome of the vote in Slovakia puts pressure on the euro, but the expectation that the country's parliament after the resignation of the Government approves increase of EFSF, prevent further erosion of the single currency. The growth of currency and trade war between China and the United States in any way, the degree of support the dollar. Today is expected to publish minutes and the last meeting of the FOMC. - Quotations of oil for the first time in six days fell on negative outcome of the vote in Slovakia and the weak performance Alcoa profit for the third quarter. Pressure on prices exerted by lowering forecasts OPEC's demand for "black gold". The U.S. Senate has blocked President Obama's proposed plan for the $ 447 billion to increase jobs. The cost of Brent fell below $ 109.5 per barrel. Copper in Shanghai fell by 0.4% and the price of gold fell to $1,666.8 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 3.3 6.2 Buy +90.8 KAZKOMMERTSBANK KASE 260.0 452.0 Buy +73.8 KAZKOMMERTSBANK -PREF KASE 148.0 226.0 Buy +52.7 HALYK BANK-GDR LSE 5.4 13.6 Buy +151.9 HALYK BANK KASE 230.1 474.0 Buy +106.0 HALYK BANK -PREF (HSBKP) KASE - 237.0 Buy n/a HALYK BANK -PREF1 (HSBKP1) KASE - 237.0 Buy n/a BANK-CENTER-CREDIT KASE 334.0 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 15.0 22.7 Hold +52 KAZKMUNAIGAZ KASE 13,780.0 20,062.0 Hold +46 BMB MUNAI AMEX 1.02 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 883.5 1,427.0 Buy +62 ENRC LSE 625.0 1,216.0 Buy +95 KAZAKHGOLD-GDR LSE - n/a Review n/a URANIUM ONE LSE 2.1 3.3 Buy +55 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 18,200.0 33,825.0 Buy +86 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. [2011-10-12]