Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for October 26, 2011

/IRBIS, October 26, 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 26, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Today the Kazakh investors appear to take a wait in anticipation of the upcoming EU summit, the results of which will determine further the mood of the market before the end of the year. After two days of good growth today Kazakhmys and ENRC may end in fixing profits. At the same time the preferences can be changes in the direction of KMG EP. Change in the KASE index ranges from -0.5% to -1.3%. - Asian indices at the beginning of the day teetered between gains and losses amid uncertainty about the outcome of EU summit today. However, further they were able to move into positive territory in response to rumors of a possible easing of monetary policy in China. Japanese Nikkei is under pressure of strengthening yen, however, it shows the growth at 0.4%. The Shanghai and Hang Seng are rising by 1.5% and 0.5% respectively. Support for the Chinese market has a sharp rise in profit developer China Vanke. - The euro/dollar has decided to await the outcome of the summit of European leaders at a mark of 1.39. Today, the key day not only for the euro, but also for many other risk assets. Market participants expect constructive solutions from EU politicians, but know that the current problems persist for a long time. What is important is attitude, which will serve as a signal of determination to fight the crisis together. Today increase in the size of the Stabilization Fund from the current 440 billion to 0.75 - 1.2 trillion euro will probably be announced. However, special attention will be paid to measures for Greece, namely the size of the potential loss of private creditors. - Tension in the stock market continues to support the quotations of gold, which rose to $1,719 per troy ounce. Statements of the authorities of the PRC that against the background of the anticipated decline in inflation monetary policy may be revised at the direction of weakening. This news background is driven up the price of copper, which grow on the Shanghai Stock Exchange at 2%. Crude futures for Brent oil rose today to $ 112.4 per barrel. 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 +93.8 KAZKOMMERTSBANK KASE 255.0 452.0 Buy +77.3 KAZKOMMERTSBANK -PREF KASE 148.0 226.0 Buy +52.7 HALYK BANK-GDR LSE 5.7 13.6 Buy +140.7 HALYK BANK KASE 210.1 474.0 Buy +125.6 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 319.0 - Neutral n/a -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 16.8 22.7 Hold +35 KAZKMUNAIGAZ KASE 14,800.0 20,062.0 Hold +36 BMB MUNAI AMEX 1.02 n/a Review n/a -------------------------- ---- -------- ------------ --------- ------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 918.5 1,427.0 Buy +55 ENRC LSE 676.5 1,216.0 Buy +80 KAZAKHGOLD-GDR LSE - n/a Review n/a URANIUM ONE LSE 2.6 3.3 Buy +29 -------------------------- ---- -------- ------------ --------- ------- Companies with small capital: ----------------------------------------------------------------------- Kazakhtelecom KASE 18,162.8 33,825.0 Buy +86 STEPPE CEMENT LSE 33.5 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. [2011-10-26]