Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for January 11, 2012

/IRBIS, January 11, 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 11, 2012. According to the report, analysts note that the premarket on world markets is composed as follows: - Rally in Western stock markets and the growth of quotations of commodities supported bullish sentiment on the local auction. In this regard, attractive equity securities with good potential for growth stocks are now the shares of raw material producers, in particular representatives of the sector of MMC - ENRC and Kazakhmys, which will be supported also with good growth at yesterday's auction in London. - Most Asian stock indexes are now located in a green area with the support of the positive outcomes of the U.S. Trade and Commodities rally in the market, which increased the demand for paper commodities. Investors are actively buying shares of Chinese issuers on expectations of further easing of monetary policy in China, but surprisingly Shanghai index is falling, losing about 0.5%. The Nikkei and Hang Seng are rising by 0.2% and 0.1% respectively. - Today's premarket before the opening of the major commodity areas is estimated by us as "moderately positive" optimistic market participants caused a good start of the season records in the U.S. can remain a key driver for purchase. Trading in Asia at the moment is in different directions, with predominance of purchases. - The European currency is now under pressure. EUR/USD rate is reduced by 0.27%, approaching the mark of 1.274 on the eve of Germany's GDP data for 2011, the growth rate of which, according to experts, amounted to about 3%. In the U.S., "Beige Book" from the Fed is expected to see the light, which, most likely, will be marked with the positive developments in the U.S. economy, which in turn would boost the risk-appetite. 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 +118.9 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 +173.1 HALYK BANK KASE 198.0 474.0 Buy +139.4 HALYK BANK -PREF (HSBKP) KASE n/a 237.0 Buy - HALYK BANK -PREF1 (HSBKP1) KASE n/a 237.0 Buy - BANK-CENTER-CREDIT KASE 258.9 - Neutral - -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 14.9 22.7 Buy +72 KAZKMUNAIGAZ KASE 13,550.0 20,062.0 Buy +69 ----------------------------------------------------------------------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,037.0 1,427.0 Buy +38 ENRC LSE 719.5 1,216.0 Buy +69 ----------------------------------------------------------------------- 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. [2012-01-11]