Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for December 6, 2011

/IRBIS, December 6, 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 6, 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%. - Significant reduction in Asian indices is not in favor of quotes for blue-chips on locale. KMG stocks, which were able to keep in position in mind of yesterday weak market activity and investor uncertainty may be the outsider, while at international venues GDR of issuer reduced for the second session in a row. We expect drawdown at 1.3-2%. Banks generally will be in the neutral zone, although play on the fall of Kazkommertsbank is not ruled out. KASE index may be in the red at 1 - 1.5%. - The Asian markets today are dominated by bullish sentiment, stimulated by the decision of an international agency S & P to send credit ratings of all euro-area countries on review, including those with the highest credit rating of AAA. That prospect is not washed away by optimistic expectations formed at the end of last week, on the positive outcomes of the upcoming meetings of European leaders. Japan's Nikkei today is reduced by 1.3%. Hong Kong Hang-Seng - 1.6%. China's Shanghai in the red at 0.5%. - Today's premarket for commodity platforms is assessed as only "negative" - apart from the influence of not too optimistic statements made by S & P, the pressure on traders of commodity platforms will also have weak dynamics of trading on the major Asian exchanges. It should be noted that in addition to marked effects on strong fundamental factors, some in the market of commodity assets may be influenced by factors of technical analysis, which primarily can be attributed to the quotations of "black gold" and "precious metal". - The euro/dollar fell below $ 1.3375 under the pressure of Asian investors fleeing from risky assets against possible downgrade of the credit ratings of countries such as France and Germany. The prospects of another possible interest rate cuts by the ECB in Thursday are also not in favor of euro. Today GDP figures for the third quarter are expected, the rate of which, taking into account seasonal adjustments remained at 1.4% in annual terms. In Germany, published the statistics on industrial orders, which can be frustrating. 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 3.1 6.2 Buy +100.0 KAZKOMMERTSBANK KASE 230.0 452.0 Buy +96.5 KAZKOMMERTSBANK -PREF KASE - 226.0 Buy - HALYK BANK-GDR LSE 5.8 13.6 Buy +135.1 HALYK BANK KASE 212.0 474.0 Buy +123.6 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 16.6 22.7 Hold +36 KAZKMUNAIGAZ KASE 14,800.0 20,062.0 Hold +36 ----------------------------------------------------------------------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 968.5 1,427.0 Buy +47 ENRC LSE 687.5 1,216.0 Buy +77 URANIUM ONE LSE 2.5 3.3 Buy +35 Companies with small capital KAZAKHTELECOM KASE 17,500.0 - Review - STEPPE CEMENT LSE 35.8 - 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. [2011-12-06]