Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for November 22, 2011

/IRBIS, November 22, 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 22, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Today's reversal of certain Asian stock indexes, and commodities may allow players on increase on stimulation of the growth of quotations on the KASE. Like many other papers on the market, domestic stocks at current levels appear significantly oversold, which may lead to a number of optimistic purchases. Trades can be completed on Thursday with the rising costs of shares of such issuers as KMG, Kazkommertsbank and Halyk at the level from 0.5% to 1.2%. - Asian stock indexes today are moving in different directions. To the south, picked up the pessimistic mood of Wall Street, rushed Japanese index Nikkei, falling after a one-day interruption of more than 1.4% under the pressure of the negative dynamics of quotations of exporters due to European pessimism and strengthening yen. Hang Seng and Shanghai today unexpectedly are in plus by an average of 0.5%. Investors appear to have decided to implement a series of purchases of securities sufficient cheapened market after a major sell-off earlier sessions. Moreover, the People's Bank of China once again reduces reserve requirements for some banks. Continuation of this trend supports the appetites of investors. - Today's premarket for the main representatives of the commodity markets can be seen as negative - weak end of trading the U.S. players, coupled with steadily deteriorating situation around the debt crisis in the eurozone, with a high probability warrant of reduction in the opening of the main raw material areas. At the same time, the expected economic data, together with the signals of a number of technical analysis indicators can make the "bears" fix profits. Trading in Asia at the moment is mixed - half-point increase in some Asian indices opposed to raising the remaining areas of the region at approximately similar amount. - The euro/dollar in the Asian session today grows by 0.2% and is slightly above $ 1.337. Support to the European currency has provided positive dynamics of some Asian stock markets. However, European concerns continue to be in the spotlight. Yesterday yield of 10-years bonds of France and Belgium resumed growth, reaching 3.66% and 5.48% respectively, after the Belgian edition of De Standaard said that the rescue plan of Dexia Bank is not effective. Fitch Ratings warned France about a possible credit rating lowered in the event of further deterioration of the situation in neighboring countries for the Union. However, given the high value added and diversification of the French economy, a stable tax base and implemented measures to reduce the budget deficit reduce the risk rating. The EU is attempting to persuade Germany to the issuance of common European bond to overcome the debt crisis. 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 2.9 6.2 Buy +110.9 KAZKOMMERTSBANK KASE 221.1 452.0 Buy +104.5 KAZKOMMERTSBANK -PREF KASE 156.2 226.0 Buy +44.7 HALYK BANK-GDR LSE 5.8 13.6 Buy +136.5 HALYK BANK KASE 210.0 474.0 Buy +125.7 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 285.0 - Neutral - -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 15.3 22.7 Hold +48 KAZKMUNAIGAZ KASE 14,002.0 20,062.0 Hold +43 ----------------------------------------------------------------------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 788.5 1,427.0 Buy +81 ENRC LSE 592.5 1,216.0 Buy +105 URANIUM ONE LSE 2.2 3.3 Buy +50 Companies with small capital KAZAKHTELECOM KASE 17,500.0 - Review - STEPPE CEMENT LSE 34.0 - 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. [2011-11-24]