Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for November 16, 2011

/IRBIS, November 16, 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 November 16, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Bear market dynamics continue today. At this time, under strong pressure will be ENRC with downward potential of more than 2%. The slight decrease may occur in certain banks. However, overall activity in the locale will be weak, which will contribute to the lack of dynamics on two or three issuers. KASE index may fall at 0.7 - 1.3%. - Positive results of stock trading in New York failed to provide the foundation for the growth of the Asian indices, which are influenced by pessimistic sentiment on the euro zone debt market, where a rise in yields in many countries. So, the next jump in yields of Italy's fear of market participants about the ability of European authorities to keep the spread of the debt crisis. The indices Nikkei, Hang Seng and Shanghai are growing today at 0.7%, 1.94% and 1.87% respectively. However, many investors have decided today to take a wait-and therefore the trading activity is fairly low. Positive statistics from the U.S. provides support for quotations of Japanese exporters of household appliances. - Today's premarket for most of the assets of the commodity market, as well as to stock exchanges, is estimated by us as negative - special pressure on the players will have weak trading dynamics observed in the present at sites in Asia. At the same time it is possible that contracts for a barrel of oil and troy ounce of gold will remain under the influence of factors of technical analysis, which in turn will determine the smaller players in the commodity market reaction to external factors. Thus, we expect that an important psychological level of support and will continue to side with the "bull" market of oil contracts, while at the same time, the proximity of at least a significant resistance level at $1,800 per troy ounce. - The euro/dollar fell today below the support level 1.35, settling at around 1.345, which enhances the prospects for further downward movement to the target 1.343 and 1.341. Thus, the bonds of Italy again have exceeded the critical level of 7%. Earlier optimism was present on the arrival of a new government, led by Monty replaced earlier concerns about the ability of politics does not interfere with the prime minister to manage third euro zone economy. Today, in Europe and the U.S. are expected inflation data, the rate of which in October, according to experts, remained at 3% in the euro area and declined to 3.7% in the U.S., while the base CPI accelerated to 2.1%. 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 3.0 6.2 Buy +106.6 KAZKOMMERTSBANK KASE 237.0 452.0 Buy +90.7 KAZKOMMERTSBANK -PREF KASE 156.2 226.0 Buy +44.7 HALYK BANK-GDR LSE 5.9 13.6 Buy +130.7 HALYK BANK KASE 217.0 474.0 Buy +118.4 HALYK BANK -PREF (HSBKP) KASE 153.6 237.0 Buy +54.3 HALYK BANK -PREF1 (HSBKP1) KASE 156.4 237.0 Buy +51.6 BANK-CENTER-CREDIT KASE 290.0 - Neutral - -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 16.5 22.7 Hold +38 KAZKMUNAIGAZ KASE 14,850.0 20,062.0 Hold +35 ----------------------------------------------------------------------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 909.0 1,427.0 Buy +57 ENRC LSE 679.5 1,216.0 Buy +79 URANIUM ONE LSE 2.6 3.3 Buy +25 Companies with small capital KAZAKHTELECOM KASE 17,800.0 33,825.0 Buy +90 STEPPE CEMENT LSE 32.8 n/a Review - ----------------------------------------------------------------------- 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. [2011-11-16]