Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for November 17, 2011

/IRBIS, November 17, 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 17, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - It is difficult to determine the dynamics of today's trading in mind of multidirectional movement of international indices. However, given the strong correlation with U.S. trading today drawdown of quotations on the locale is quite possible. In the area of risk are bank shares, for which the reduction can be as high as 1-2%. EP KMG may be on positive note, raw materials producers will generally be a balance between profits and losses. - Minor outcome of stock trades in New York had a short- term impact on the mood of some Asian investors. The main indices of the region at this time moving in different directions. Japan's Nikkei and Chinese Shanghai, were in the beginning of the session in the red zone, is now added to 0.2% each, while Hong Kong's Hang Seng in red at 0.9%. The main pressure on the market continues to provide nearly universal rise in yields in the euro area. The Chinese authorities have announced that despite the persistence of inflationary pressures are not yet ready to go in easing monetary policy. - Trading in the commodities market place in mixed manner. The cost of copper contracts in Shanghai Stock Exchange today went down by 0.1%. Quotes of Brent virtually unchanged, settling at $111.88 per barrel. There has been a reversal in gold, whose price rose by 0.3% to $1,766 per troy ounce. - Investors in the forex market have decided to make substantial pause after the collapse of the European currency positions, which currently is in oversold territory. Tripping on the five-week lows signals to buy a pair returned the euro / dollar above $ 1.35. Yield of sovereign bonds Italy fell to 7%. According to unconfirmed information, the ECB has carried out extensive re- purchase. Today, scheduled auctions on placement of bonds in Spain and France. Market participants are waiting for the new movements of return. 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 +106.7 KAZKOMMERTSBANK KASE 237.0 452.0 Buy +90.7 KAZKOMMERTSBANK -PREF KASE 156.2 226.0 Buy +44.7 HALYK BANK-GDR LSE 5.8 13.6 Buy +134.5 HALYK BANK KASE 219.0 474.0 Buy +116.4 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 16.4 22.7 Hold +38 KAZKMUNAIGAZ KASE 14,800.0 20,062.0 Hold +36 ----------------------------------------------------------------------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 915.0 1,427.0 Buy +56 ENRC LSE 686.0 1,216.0 Buy +77 URANIUM ONE LSE 2.5 3.3 Buy +33 Companies with small capital KAZAKHTELECOM KASE 17,700.0 33,825.0 Buy +91 STEPPE CEMENT LSE 32.8 - 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. [2011-11-17]