Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for January 6, 2012

/IRBIS, January 6, 2012/ - 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 January 6, 2012. According to the report, analysts note that the premarket on world markets is composed as follows: - External news background formed in mixed way. Optimistic data from the U.S. stands in contrast to the negative dynamics of the Asian indices, which complicates the process of selecting an investment strategy for today members of Kazakhstan's stock exchange. Most Commodities have gone cheaper, which will undoubtedly put pressure on quotes of domestic raw material producers. - Asian investors today agreed on the future dynamics of the market and decided to make sales. Quotes of companies focused on export to Europe, came under significant pressure of weakening of the euro against some Asian currencies, particularly the Japanese yen. While market participants are in no hurry to regain positive from macroeconomic environment in the U.S. The indices Nikkei, Hang Seng and Shanghai went down by 1.6%, 1.4% and 0.5% respectively. - Today's premarket before the opening of the major commodity areas should be evaluated as "negative" - the weak end of the session on the key areas of the West, along with the negative dynamics of trading in Asia - will strengthen the position of "bears" of the commodity market. In addition, some of them, such as quotations in the "black gold" factor of overbuy will remain against overly negative, according to some analysts, estimates of global community about geopolitical tensions in the Persian Gulf. - The euro/dollar now trading at 1.278 on the eve of the key statistics from the U.S., where the next portion of data from the labor market is expected. Employment outside of agriculture, according to experts, increased in December to 150 thousand. That is 30 thousand more than in the previous month. However, the unemployment rate could rise from 8.6% to 8.7%. In general, market participants are waiting for good data that supports the U.S. currency. 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 3.0 6.2 Buy +106.7 KAZKOMMERTSBANK KASE 226.0 452.0 Buy +104.1 KAZKOMMERTSBANK -PREF KASE 142.0 226.0 Buy +59.2 HALYK BANK-GDR LSE 5.1 13.6 Buy +167.2 HALYK BANK KASE 205.0 474.0 Buy +121.0 HALYK BANK -PREF (HSBKP) KASE n/a 237.0 Buy - HALYK BANK -PREF1 (HSBKP1) KASE n/a 237.0 Buy - BANK-CENTER-CREDIT KASE 250.0 - Neutral - -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 14.7 22.7 Buy +52 KAZKMUNAIGAZ KASE 13,628.0 20,062.0 Buy +42 ----------------------------------------------------------------------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 981.5 1,427.0 Buy +43 ENRC LSE 695.0 1,216.0 Buy +83 ----------------------------------------------------------------------- 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. [2012-01-06]