Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for January 10, 2012

/IRBIS, January 10, 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 10, 2012. According to the report, analysts note that the premarket on world markets is composed as follows: - Positive results of trading in the U.S. and increased demand for risky assets in Asia set the stage for the game on rise on local auction. In favor of investors can be certain banking counters. Raw producers will be under pressure of correction in the market of Commodities, however, it is possible that KMG EP can get an advantage. Analysts of BTA Securities expect continued rally on Kazakhtelecom. - Most Asian stock indexes today turned around and are moving in northerly direction on the positive news background of the United States. Investors' appetite for risk was stimulated by the optimistic outlook of the U.S. economy and the good results of the company Alcoa, which gave start reporting season, which had high expectations for market growth-minded traders. Foreign trade data of China's trade surplus, which surpassed the forecasts of experts, also pleased the investors. Exports grew by 13.4, imports - by 11.8% only. The indices Nikkei, Hang Seng and Shanghai today added 0.4%, 0.6% and 1.5% respectively. - Today's premarket before the opening of the major commodity areas is assessed by "BTA Securities" as "moderately positive", more like "neutral". Lack of understanding of market participants on how to assess the current situation in the world economy is likely to be maintained even during a certain period of time, and perhaps a positive continuation of corporate reporting season in the U.S. and Europe, may give some impetus to traders on financial markets. Meanwhile, copper and Brent crude oil continue to be under pressure from possible reduction in European demand. - Traders from Forex market today continue to attempt to get the euro zone from oversold levels. EUR/USD rate is rising by 0.10%, approaching the mark of 1.278 on the eve of a meeting between German Chancellor Angela Merkel, head of the IMF and C. Lagarde. The main topic of discussion will be Greece, namely the preservation of the country in the monetary union. 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 +121.4 KAZKOMMERTSBANK KASE 231.0 452.0 Buy +95.7 KAZKOMMERTSBANK -PREF KASE 142.0 226.0 Buy +59.2 HALYK BANK-GDR LSE 5.0 13.6 Buy +170.4 HALYK BANK KASE 203.0 474.0 Buy +133.5 HALYK BANK -PREF (HSBKP) KASE n/a 237.0 Buy - HALYK BANK -PREF1 (HSBKP1) KASE n/a 237.0 Buy - BANK-CENTER-CREDIT KASE 242.1 - Neutral - -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 14.8 22.7 Buy +74 KAZKMUNAIGAZ KASE 13,500.0 20,062.0 Buy +70 ----------------------------------------------------------------------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 979.0 1,427.0 Buy +46 ENRC LSE 697.5 1,216.0 Buy +74 ----------------------------------------------------------------------- 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. [2012-01-10]