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:
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Last. Target price Recommen- Poten-
Issuer SE price for 2011 dation tial, %
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Banks
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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 -
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Oil-and-Gas
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KAZKMUNAIGAZ-GDR LSE 16.0 22.7 Hold +42
KAZKMUNAIGAZ KASE 14,800.0 20,062.0 Hold +36
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Metallurgy:
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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 -
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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]