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: - Positive results of trading in the U.S. and the positive dynamics of commodities will today be in opposition to bearish Asian markets, bringing players to the locale to difficulty to determine the future strategy of trade. However, it should be assumed that attempts to push commodity chips will not happen today. In this context, play on a fall may occur for bank shares, particularly BCC. In general, multidirectional movement of quotations may lead to a moderate reduction in KASE index on the level of 0.2-0.7%. - Indices of Asian stock markets turned around today, ending a two-day rally under the pressure of the negative dynamics of quotations of mining and banking shares. Growth in industrial production in Japan exceeded forecasts of experts, but could not support the regional venture appetites of investors. The indices Nikkei, Hang Seng and Shanghai since the beginning of the session the last day of the month went down by 1.2% to 1.9% and 2.3% respectively. - Today's premarket for raw sites can be evaluated as neutral - positive closure of the major indices will be opposed by the Western decline of indexes on sites of "raw" countries, as well as the mixed dynamics of trading in Asia, which is observed in the present moment. Obviously, the key idea for the commodity market players will still be news background around European debt crisis - analysts and investors in anticipation of the coming emergency summit of EU member states, which probably should provide answers to key questions. - The euro/dollar in the Asian session continues to move northward, adding 0.12% and crossed the mark of 1.333. It became known that European finance ministers approved the terms of the two options to expand the Fund for Saving the Eurozone. The first option offers bondholders a partial patronage of the risk by 20-30%, guaranteed by EFSF. The second option proposes the creation of one or more of the so-called joint investment fund that would provide combination of government and private financing for purchases of bonds in the primary and secondary markets. Both options will be ready for launch by early 2012. 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 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 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 290.0 - Neutral - -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 15.4 22.7 Hold +48 KAZKMUNAIGAZ KASE 13,900.0 20,062.0 Hold +44 ----------------------------------------------------------------------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 868.5 1,427.0 Buy +64 ENRC LSE 633.0 1,216.0 Buy +92 URANIUM ONE LSE 2.2 3.3 Buy +49 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. [2011-11-30]