Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for November 29, 2011

/IRBIS, November 29, 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 29, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - The U.S. stock market rally, the positive dynamics of commodities open the way to optimistic local purchases of securities of the commodity sector. Representatives of the mining industry in the country yesterday on the international markets showed an increase of more than 2.3%. On KASE increase was marked for only Kazakhmys. Thus, today rise in price of shares in two other raw producers is expected - ENRC and KMG - by 2- 4%. - The Asian stock markets today, there is predominance bullish sentiment stimulated by positive results of trading in the U.S. The Nikkei today demonstrates the rally at 1.3%, with the support of weakening yen against the dollar. Upbeat data on retail sales in the U.S. on the eve of holidays stimulate the growth of quotations of exporters. Indices Hang Seng and Shanghai from the opening session added 0.5-0.6%. - Today's premarket for the main line of commodities is characterized as "moderately positive" - restraining influence on the commodity market players will have a reduction in the forecast on the U.S. sovereign ratings by agency Fitch, moreover, which occurred before the correction of the world stock and commodity platforms will determine some factors of win-back of technical analysis, that due to this fact will clearly lost weight. - The euro/dollar in the Asian session continues to move northward, adding 0.25% and crossing the mark of 1.335. However, buying the euro look restrained in advance of today's auction on placement of the Italian debt at 5-8 billion euros, the results of which may be unsuccessful. Yield sovereign bonds continued to remain above 7%. Some pessimism is associated with the upcoming meeting of EU finance ministers. Market participants do not expect any new solutions, differing from those previously voiced by European leaders at the weekend. 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 +113.8 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 +134.7 HALYK BANK KASE 208.5 474.0 Buy +127.3 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 15.4 22.7 Hold +47 KAZKMUNAIGAZ KASE 13,600.0 20,062.0 Hold +48 ----------------------------------------------------------------------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 857.5 1,427.0 Buy +66 ENRC LSE 633.0 1,216.0 Buy +92 URANIUM ONE LSE 2.2 3.3 Buy +48 Companies with small capital KAZAKHTELECOM KASE 17,500.0 - Buy - STEPPE CEMENT LSE 34.5 - 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. [2011-11-29]