Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for January 13, 2012

/IRBIS, January 13, 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 13, 2012. According to the report, analysts note that the premarket on world markets is composed as follows: - It is difficult to predict the dynamics of today's stock trades on the local amid on the one hand the correction in commodity markets, on the other - the optimistic outcome of the U.S. session. Nevertheless, we expect that market participants will consider the situation with quotations of commodities, defining the investment strategy of the day, and therefore, a correction in equity securities of three representatives of the commodity sector. Against this background, some banks may be in black. - Trading in Asia has mixed dynamics, with maximum reduction demonstrated by the Chinese Shanghai Composite (-1.8%), which is obviously due to some "technical" overbought. The Nikkei is growing at 1% on optimism for further improvement in the euro after comments from ECB and successful debt auctions in Spain and Italy. Meanwhile, Hang Seng balances between gains and losses, showing almost zero dynamics. - Today's premarket before the opening of the key assets of the commodity market is assessed as "neutral", the pressure on the players will have the uncertainty before the next summit of the EU, together with a weak economic statistics from the U.S., which caused the predominance of "bearish" sentiment on the eve. - The European currency could feel the ground beneath its feet and decided to try to fix as much as possible the growth against the U.S. dollar. Assistance in this was provided by reduced yields of sovereign bonds in the eurozone. Today, the euro/dollar adds 0.10%, topping the mark of 1.282, in anticipation of data on external trade in the U.S. and the euro area. 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 2.9 6.2 Buy +113.8 KAZKOMMERTSBANK KASE 230.1 452.0 Buy +96.5 KAZKOMMERTSBANK -PREF KASE 142.0 226.0 Buy +59.2 HALYK BANK-GDR LSE 5.1 13.6 Buy +169.3 HALYK BANK KASE 200.0 474.0 Buy +137.0 HALYK BANK -PREF (HSBKP) KASE n/a 237.0 Buy - HALYK BANK -PREF1 (HSBKP1) KASE n/a 237.0 Buy - BANK-CENTER-CREDIT KASE 253.0 - Neutral - -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 15.0 22.7 Buy +71 KAZKMUNAIGAZ KASE 13,700.0 20,062.0 Buy +67 ----------------------------------------------------------------------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,051.0 1,427.0 Buy +36 ENRC LSE 738.5 1,216.0 Buy +65 ----------------------------------------------------------------------- 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. [2012-01-13]