Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for December 7, 2011

07.12.11 16:23
/IRBIS, December 7, 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 7, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - Today, external news background is positive for quotes for local issuers. However, growth will be more modest in comparison with the results of Tuesday's session. In the black can be raw materials producers, including KMG EP, whose shares may rise in price by two percents or more. Steelmakers will show moderate growth. Banks will show multi-directional movement. - Participants in Asian trading picked up the positive sentiment from the U.S. sites and began to win back the optimistic expectations of forthcoming key decisions at a meeting of European leaders, which may be decided to increase the size of the Fund for Saving with the parallel launch of two mechanisms. The indices Nikkei, Shanghai and Hang Seng are rising by 1.2% to 0.1% and 0.9% respectively. - Today's premarket for primary sites can be evaluated as moderately positive - so, in addition to improving mood of American players before closing the last session, the players on increased support will assist and dynamics of trading in Asia, where most of the regional indices show the growth of quotations. We also note that the price of oil and gold, to a large extent will be due to a number of custom and technical factors. - Bullish stock market dynamics, nourished by positive view of investors on the fact that European leaders still give constructive plans to address the debt problem and the convergence of fiscal policies in the euro area, provides today the strengthening of the single currency. EUR/USD rate is increasing in Asia at 0.15%, approaching the level of 1.343. If the news that the increase in available funds to rescue members of the monetary union will be achieved through the simultaneous operation of EFSF and ESM, true, the promise of EU leaders can be satisfied, although the achievement proved to be different from the previously planned increase EFSF to И 1 trillion through direct injection of the internal and external resources of money, particularly from China. But foreign lenders have expressed willingness to participate in such financing. 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 +100.4 KAZKOMMERTSBANK KASE 235.0 452.0 Buy +92.3 KAZKOMMERTSBANK -PREF KASE - 226.0 Buy - HALYK BANK-GDR LSE 5.8 13.6 Buy +136.5 HALYK BANK KASE 221.0 474.0 Buy +114.5 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 16.0 22.7 Hold +42 KAZKMUNAIGAZ KASE 14,800.0 20,062.0 Hold +36 ----------------------------------------------------------------------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 964.0 1,427.0 Buy +48 ENRC LSE 676.0 1,216.0 Buy +80 URANIUM ONE LSE 2.5 3.3 Buy +33 Companies with small capital KAZAKHTELECOM KASE 17,600.0 - 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. [2011-12-07]