Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for December 28, 2011

/IRBIS, December 28, 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 28, 2011. According to the report, analysts note that the premarket on world markets is composed as follows: - In general, the external background is positive for shares of mining companies on the locale. The cost of metals and oil continued to move upwards, thereby increasing the attractiveness of Kazakhmys, ENRC and KMG. Some concern investors holding back stock purchase oil industry. The main intrigue of the day will be Kazakhtelecom, which is experiencing unexpectedly high demand from the date of announcement of selling its stake in GSM Kazakhstan. Paper remains generally value stock market in Kazakhstan, so it is possible that further growth will continue. - Asian investors for second consecutive day agree that the end of the year should be closed with shorts. Japan's Nikkei drops by 0.1%, playing the negative data on industrial production, with output in November fell by 2.6%, while retail sales fell by 2.3%. Quotes of Tepco collapsed by 12% after Japan's trade minister said that the plant operator Fukushima should consider temporary state control activities. In the whole region under pressure are shares of commodity companies. The Shanghai and Hang Seng went down by 0.9% and 0.7% respectively. - Today's premarket for trading before the opening of the major commodity areas should be assessed as "moderately negative" - pre-New Year's taking profits, may make bring the bearish sentiment onto commodity market. The dynamics of oil prices, amid the likelihood of further price rise "thanks to" aggravating situation in Iran, it can act as a supportive factor for the "colleagues in the shop." - The euro/dollar today is experiencing some discomfort on the eve of a two-day auction on placement of the Italian debt, balancing between 1.306 and 1.307 marks. Yield of a decade of market is still at a level slightly above 7%. Today sale of securities at amount of И 11.5 billion is planned, and tomorrow - 8.5 billion euros. 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 200.0 452.0 Buy +137.9 KAZKOMMERTSBANK -PREF KASE 142.0 226.0 Buy +59.2 HALYK BANK-GDR LSE 5.3 13.6 Buy +147.3 HALYK BANK KASE 205.0 474.0 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 243.0 - Neutral - -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 14.5 22.7 Buy +51 KAZKMUNAIGAZ KASE 13,803.0 20,062.0 Buy +50 ----------------------------------------------------------------------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 926.5 1,427.0 Buy +61 ENRC LSE 630.0 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. [2011-12-28]