Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for October 24, 2011

/IRBIS, October 24, 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 24, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Rally in international stock markets, supported by optimism for the euro area and positive Asian statistics, enhanced the risk-appetite of participants in the local exchange. Significant jump in metal prices will support strong metallurgical stocks, quotes of which can grow within 1.5 - 4%. Banks will move in different directions. The potential of Halyk Bank is 2% today. - The dominance of bullish sentiment may be seen in Asian markets, the major indexes are rising by more than 0.8% after European leaders announced significant progress in settling the debt problems of the eurozone. The final details will be presented on Wednesday at the next summit. Japanese authorities have announced that they intend to once again make the intervention to weaken the yen, the strengthening of which recently had a negative impact on earnings of exporters. Nikkei today is growing at 1.7%. The manufacturing PMI index in China, according to HSBC, has passed the mark of 50, indicating that the growth of the economy. Shanghai is growing at 0.82% and Hang Seng - 3.9%. The leaders of growth are the shares of mining issuers. - The euro/dollar met heavy resistance at around 1.39, for overcome of which the specific details of the joint plan for Germany and France are needed. The country, according to the leaders agreed to the terms of the recapitalization of the banking system in the eurozone. However, there still are discussing measures to Greece. The main unresolved block is funding the Stabilization Fund. Germany and the ECB oppose the participation of the latter in the process. Meanwhile, the idea was rejected by the forced restructuring of Greek debt. Private lenders have to agree to voluntary loss, the amount of which can exceed 21%. - In the market of raw materials optimistic purchases continue. Positive foreign trade statistics of Japan, and signals the growth of industrial production in China quotes the main support Commodities. Crude futures for Brent oil rose today to $ 111.5 per barrel. Copper contracts in Shanghai jumped almost 5%. Gold also demonstrates positive trend, topping the mark of $1,651 per troy 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 3.1 6.2 Buy +103.3 KAZKOMMERTSBANK KASE 255.0 452.0 Buy +77.3 KAZKOMMERTSBANK -PREF KASE 148.0 226.0 Buy +52.7 HALYK BANK-GDR LSE 6.0 13.6 Buy +126.7 HALYK BANK KASE 216.0 474.0 Buy +119.4 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 320.0 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 16.1 22.7 Hold +41 KAZKMUNAIGAZ KASE 14,299.0 20,062.0 Hold +40 BMB MUNAI AMEX 1.02 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 856.5 1,427.0 Buy +67 ENRC LSE 658.0 1,216.0 Buy +85 KAZAKHGOLD-GDR LSE - n/a Review n/a URANIUM ONE LSE 2.3 3.3 Buy +46 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 18,153.3 33,825.0 Buy +86 STEPPE CEMENT LSE 33.3 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. [2011-10-24]