Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for January 17, 2012

/IRBIS, January 17, 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 17, 2012. According to the report, analysts note that the premarket on world markets is composed as follows: - The Asian markets today there is growing demand for paper commodity sector, which suggests similar dynamic at local auctions. Against this background, the purchases may fall on Kazakhmys with a potential growth rate of 2- 3%. High rates of economic growth and industrial production of China can provide strong support for the domestic oil industry quotes. Dynamics of banks will again be in different directions. Rebound of Halyk is possible. - Encouraged by the positive statistics on the growth of Chinese economy at 8.9% in the fourth quarter of 2011, Asian investors have decided to massively invest in risky assets. Retail sales and industrial production in China also surpassed the expectations of experts. Such optimism has stimulated strong recovery in equity markets in the region. The indices Nikkei, Hang Seng and Shanghai are growing today at 1%, 2.2% and 3% respectively. Good rebound of the Asian market is due to the fact that earlier investors in the region a few over-reacted to the European ratings' mowing from S & P. - Today's premarket before the opening of the key assets of the commodity market is assessed as "positive". Macroeconomic surprises from China will support the players on the rise, particularly on industrial goods. Brent crude is currently trading at around $ 111.72 a barrel, there is an increase of 0.4% from yesterday's closing levels. - Widespread increased risk appetite on the background of positive data from China encourages the purchase of risky currencies including the euro. EUR/USD rate is growing at more than 0.5%, topping the mark of 1.273. The Asian market participants act out as yesterday's European stock indexes rise and statements of the authorities that the downgrade of a number of countries did not significantly exacerbate the situation, since the play-off of this factor. In general, the euro growth is likely to continue, with the opening of trading in the U.S. and Europe 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 230.0 452.0 Buy +96.5 KAZKOMMERTSBANK -PREF KASE 142.0 226.0 Buy +59.2 HALYK BANK-GDR LSE 5.1 13.6 Buy +165.6 HALYK BANK KASE 193.0 474.0 Buy +145.6 HALYK BANK -PREF (HSBKP) KASE n/a 237.0 Buy - HALYK BANK -PREF1 (HSBKP1) KASE n/a 237.0 Buy - BANK-CENTER-CREDIT KASE 253.8 - Neutral - -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 14.9 22.7 Buy +72 KAZKMUNAIGAZ KASE 13,800.0 20,062.0 Buy +66 ----------------------------------------------------------------------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,067.0 1,427.0 Buy +34 ENRC LSE 735.0 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. [2012-01-17]