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

/IRBIS, November 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 November 25, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Members of Kazakhstan Stock trading today will probably again show weak activity, deciding to wait for the session in the U.S. and at the beginning of the week to form a new strategy. However, given the negative dynamics of the Asian indices banking chips may fall. Trading idea of the day after more than 2% growth in London can be Kazakhmys. KMG may be in the red at the level of 0.7- 1.2%. - Most Asian stock markets today continue to move in the downward passage of the pressure of stock prices of energy and banking sectors. Lack of trading in the U.S. prompted Asian investors to pick up sentiment from bearish European markets. Indices Hang Seng and Shanghai today are losing 1.3% and 0.4% respectively. The Japanese Nikkei (+0.1%) balances between profits and losses. President of Toyota Motor said that the country's automotive sector, the export-oriented, is under threat of collapse in the event of further strengthening of the yen. Nevertheless, stock quotes of some automotive giants today are in the green zone. - Today's premarket for the main representatives of the commodity market is estimated by us as a negative - the weak closure of European markets added a negative factor, as the current dynamics of the decline in Asian areas. In addition, some "technical" otygrannost fall last week, quotes a number of commodity assets may be reduced to "no" to such a powerful factor supporting players to improve the signals of technical analysis. Of economic data today will be the most important statistics on import prices in Germany - analysts predict that figure has remained at the previous level at around 6.9%. - The euro/dollar in the Asian session today is reduced by 0.3% and is slightly above $ 1.33. Words of EU leaders on the independence of the ECB indicate rejection of the idea of large-scale intervention in the bond market in the region. The Central Bank will exercise its discretion to purchase only a limited time to smooth the situation with the yields. The downgrade of Portugal and Hungary had additional pressure on the single currency. Today, the position of the euro may falter even more in return for U.S. market traders, who will act out the latest news from Europe. 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 5.7 13.6 Buy +140.7 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 15.0 22.7 Hold +51 KAZKMUNAIGAZ KASE 14,002.0 20,062.0 Hold +43 ----------------------------------------------------------------------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 807.5 1,427.0 Buy +77 ENRC LSE 598.5 1,216.0 Buy +103 URANIUM ONE LSE 2.2 3.3 Buy +50 Companies with small capital KAZAKHTELECOM KASE 17,500.0 - Review - STEPPE CEMENT LSE 34.3 - 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. [2011-11-25]