Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for October 13, 2011

/IRBIS, October 13, 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 13, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Positive developments in the euro area have provided substantial support to international indices, which in turn have a positive impact on sentiment in the local market. The leaders of growth may be banks, following the examples of foreign financial issuers. Halyk shares after the crash on Wednesday look the most attractive. The growth of quotations is expected to be 2-4%. Good growth can show ENRC. The value of KASE is projected to be more than 1%. - In Asia, there is the predominance of bullish sentiment, supported by the European plan. News that the Fed's last meeting, discussed additional incentives also encourage increased risk appetite. On the weakening of the yen quotations of Japanese exporters are rising. Nikkei today adds about 1%. Hang Seng and Shanghai are in plus of 1.9% and 0.6% respectively. - The euro/dollar broke the mark of 1.38 on a wave of positivity around the banking system in the eurozone. The lack of doubt regarding the provision of Greece in the near future also supports the markets, the next portion of $ 8 billion - the penultimate tranche of this year. Significant role in the dynamics of trading today will make the data on initial applications for unemployment benefits, the amount of which, according to experts, can grow by 4 thousand to 405 thousand. - Commodities, despite the weakening U.S. dollar, are now settled in the red zone. Brent crude oil traded at 110.3 per barrel on the background of a possible drop in demand for fuel in the U.S. and the reduction in export volumes of China. Increased projections for the recovery of production in Libya are also putting pressure on the quotes of "black gold". The cost of gold fell to $1,677 per ounce in the light of the rally in stock markets. An exception is now the copper contracts in Shanghai, which rise in price by more than 1%. 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 +85.1 KAZKOMMERTSBANK KASE 259.0 452.0 Buy +74.5 KAZKOMMERTSBANK -PREF KASE 148.0 226.0 Buy +52.7 HALYK BANK-GDR LSE 5.5 13.6 Buy +147.3 HALYK BANK KASE 217.0 474.0 Buy +118.4 HALYK BANK -PREF (HSBKP) KASE 168.4 237.0 Buy +40.7 HALYK BANK -PREF1 (HSBKP1) KASE 171.0 237.0 Buy +38.6 BANK-CENTER-CREDIT KASE 336.5 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 16.0 22.7 Hold +42 KAZKMUNAIGAZ KASE 13,600.0 20,062.0 Hold +48 BMB MUNAI AMEX 1.02 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 932.0 1,427.0 Buy +53 ENRC LSE 671.5 1,216.0 Buy +81 KAZAKHGOLD-GDR LSE - n/a Review n/a URANIUM ONE LSE 2.2 3.3 Buy +50 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 18,200.0 33,825.0 Buy +86 STEPPE CEMENT LSE 33.8 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. [2011-10-13]