Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for January 18, 2012

/IRBIS, January 18, 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 18, 2012. According to the report, analysts note that the premarket on world markets is composed as follows: - The Asian markets today have an increased demand for paper commodity sector, which provides further reason to expect the purchase of shares of mining industry. Yesterday's rise of Kazakhmys resulted to the fact that investors will pause on the issuer and try to play on the rise of another steel giant ENRC, growth potential is for today at least 1.5%. Oil sector should also be in the black. Correction on financial chips of KASE is also possible. - A certain excitement is observed today in Asian stock markets after a strong rise the previous day. Some investors profit records, others - are considering further investment strategy. Participants in the Japanese stock market picked up the bullish Western counterparts, playing the positive data from Germany and the United States, which led to an increase in the Nikkei index at 1.3%. With the support of the commodity sector Hang Seng index shows moderate recovery, thus adding 0.3%. Shanghai index is in negative territory at 0.3% under the pressure of quotations of the financial sector. - Today's premarket for trading before the opening of the key commodity areas is rated as "moderately positive", the positive closure of American and European markets will be neutral to oppose the whole dynamics of trading in Asia. It should also be noted that the effect emerged in the Middle Kingdom economic data clearly prove short-lived, and market participants will return to the problems of the pressing. In addition, it is clear that some representatives of primary sites will act out their own factors of technical analysis. - The European currency continues upward movement against the background of generally bullish sentiment in stock markets. The main support for the euro has a number of successful auctions on placement of European sovereign debt, which resulted in a significant reduction in yield. Today is expected to sell their bonds, Germany. In favor of the single currency and acts as the factor that investors are hardly win back some lowering of sovereign ratings from S & P, given the fact that two other agencies still retain AAA status in France. While the EUR/USD is settled at around 1.278. 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 +112.3 KAZKOMMERTSBANK KASE 236.0 452.0 Buy +91.5 KAZKOMMERTSBANK -PREF KASE 150.0 226.0 Buy +50.7 HALYK BANK-GDR LSE 5.1 13.6 Buy +165.6 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 251.5 - 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 1,088.0 1,427.0 Buy +31 ENRC LSE 746.5 1,216.0 Buy +63 ----------------------------------------------------------------------- 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. [2012-01-18]