Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for December 23, 2011

/IRBIS, December 23, 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 23, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - In general, the external background of a positive for shares in the locale: the western floors have closed in positive territory; Asia is also on the wave of rise, the major export positions, particularly industrial metals and oil becoming more expensive. It is therefore expected upward movement of share prices of mining companies. The growth potential of metallurgists is 1 - 2.5%. Not quite clear is the possible reaction of investors to reshuffle in KMG and KMG EP. It is not excluded market participants can play these events negatively. Kazkommertsbank GDRs also should be noted, yesterday soared by more than 15%, and therefore good growth stock at locale is also possible - at the level of 2-5%. - At auction in Asia today, in general there is bullish mood of investors in the stock market, but trading activity is weak. The main indices of the region show strong growth with the support of mining companies and quotes positive statistics from the U.S. Participants in the Japanese stock exchange today have a rest. Indices Hang Seng and Shanghai are growing by more than 1% each. - Today's premarket trading before the opening of the major commodity areas assessed as "positive" - the torch of European and American traders was taken over by their Asian counterparts, which in turn led to an increase of local indices within 1.4%. Today's package of economic data from the U.S. is also likely to be the focus of market participants, and in certain circumstances, may continue the positive trend in financial markets. - The euro/dollar continues to try to resume an upward movement, adding 0.14% today and going up to the mark of 1.307 ahead of the next portion of macrostatistics from the U.S., where data on orders for durable goods are expected, the volume of which, according to consensus forecasts, rose by 2% in November, against decline of 0.5% a month earlier. There will also be available statistics on consumer income and expenditures, as well as sales of new housing. 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 2.8 6.2 Buy +162.7 KAZKOMMERTSBANK KASE 192.6 452.0 Buy +137.9 KAZKOMMERTSBANK -PREF KASE 142.0 226.0 Buy +59.2 HALYK BANK-GDR LSE 5.4 13.6 Buy +147.3 HALYK BANK KASE 210.0 474.0 Buy +123.6 HALYK BANK -PREF (HSBKP) KASE n/a 237.0 Buy - HALYK BANK -PREF1 (HSBKP1) KASE n/a 237.0 Buy - BANK-CENTER-CREDIT KASE 251.5 - Neutral - -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 14.9 22.7 Buy +51 KAZKMUNAIGAZ KASE 13,850.0 20,062.0 Buy +50 ----------------------------------------------------------------------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 917.0 1,427.0 Buy +61 ENRC LSE 629.5 1,216.0 Buy +95 ----------------------------------------------------------------------- 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. [2011-12-23]