Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for December 5, 2011

/IRBIS, December 5, 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 December 5, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Today, apparently, fixation of profits on equity securities of the commodity sector will occur. In particular, high-risk stocks are KMG, quotes of which can fall at 1.5-2%. Meanwhile, among the banks play on increase is likely. Halyk bank might be in favor. KASE index on Monday may be in negative territory at 0.2 - 0.5%. - Most Asian sites today show overall modest increase in major indices, except for the Shanghai Stock Exchange. The current bullish sentiment of investors is stimulated by optimistic expectations of new solutions for the debts of the eurozone from European leaders. Stock quotes of financial sector show good growth. The Nikkei and Hang Seng added 0.4% in opening of trades. Meanwhile, China's Shanghai today is reduced to 0.6% under pressure of disappointing PMI data for November and plans for monetary authorities to tighten credit requirements for developers. - Today's premarket for raw sites is estimated by us as moderately negative - in addition to the number of factors of technical analysis the pressure on the commodity market players will be provided by clearly uncertain start of trading on Asian exchanges. In general, it should be noted that the attention of financial markets will be focused on today's meeting of leaders of the eurozone countries - France and Germany, Angela Merkel and Nicolas Sarkozy, for which market participants are waiting for news that could dramatically affect the current situation. - The euro/dollar today added 0.15% and is going up to around 1.3415. Asian investors, apparently, reacted positively to the statistics from the U.S., which showed significant decline in unemployment, and decided to implement a series of risky investments, including the euro. Support the European currency has and approval by the Italian government over the weekend a three-year austerity plan, И 30 billion, including the reduction of government spending, tax increases and pension reform. Such news increases the optimism on the eve of the next EU summit. From the statistics of the day it is worth noting data on retail sales in the eurozone and the U.S. factory orders and the volume index of the ISM service sector. 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 +110.2 KAZKOMMERTSBANK KASE 230.0 452.0 Buy +96.5 KAZKOMMERTSBANK -PREF KASE - 226.0 Buy - HALYK BANK-GDR LSE 5.7 13.6 Buy +138.8 HALYK BANK KASE 218.1 474.0 Buy +117.3 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 16.8 22.7 Hold +35 KAZKMUNAIGAZ KASE 14,800.0 20,062.0 Hold +36 ----------------------------------------------------------------------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 956.0 1,427.0 Buy +49 ENRC LSE 674.5 1,216.0 Buy +80 URANIUM ONE LSE 2.4 3.3 Buy +40 Companies with small capital KAZAKHTELECOM KASE 17,500.0 - Review - STEPPE CEMENT LSE 34.8 - 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. [2011-12-05]