Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for October 25, 2011

/IRBIS, October 25, 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 25, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - In spite of mixed trends of Asian markets, the auction on the locale will end with increase the KASE index at 1 - 1.4%. The situation in the commodity markets continues to favor shares of mining companies, quotes, which can grow in the range of 1.5-2.5%. Bank chips will move in a neutral manner, but this does not exclude reduction of certain issuers. - Some changes of sentiment are observed in Asian markets. Apparently, after several days of good growth investors have decided to pause and await the outcome of the upcoming EU summit. The continuing rise in the cost of commodities quotes supports mining shares. In stock today minus the financial sector. Japan's Nikkei from the opening of trading has lost about 0.6%. The Shanghai and Hang Seng are rising 1.5% and 0.5% respectively. Support for the Chinese market has a sharp rise in profit of developer China Vanke. - The euro/dollar rebounded from levels close Monday, leaning up 0.3% to reach 1.389, the threshold of data that can show the decline in consumer confidence in Germany and France. Not in favor of the dollar proved by the President of the Federal Reserve Bank of New York Dudley that the Fed may take additional measures to decrease long-term interest rates to revive the housing market. The German authorities will meet today to discuss financial arrangements for Stabilization Fund. - In the market of raw materials optimistic purchases continue. Positive foreign trade statistics of Japan and the industrial production growth in China supports the major commodities quotes. Crude futures for Brent oil rose today to $112.2 per barrel. Copper contracts in Shanghai soared by nearly 7%. Demonstrates a positive trend, and gold has exceeded the level of $1,654.5 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 3.2 6.2 Buy +96.8 KAZKOMMERTSBANK KASE 258.0 452.0 Buy +75.2 KAZKOMMERTSBANK -PREF KASE 148.0 226.0 Buy +52.7 HALYK BANK-GDR LSE 5.8 13.6 Buy +136.5 HALYK BANK KASE 221.0 474.0 Buy +114.5 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 315.0 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 16.6 22.7 Hold +36 KAZKMUNAIGAZ KASE 14,800.0 20,062.0 Hold +36 BMB MUNAI AMEX 1.02 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 925.0 1,427.0 Buy +54 ENRC LSE 684.5 1,216.0 Buy +78 KAZAKHGOLD-GDR LSE - n/a Review n/a URANIUM ONE LSE 2.4 3.3 Buy +38 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 18,200.0 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. [2011-10-25]