Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for January 19, 2012

/IRBIS, January 19, 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 19, 2012. According to the report, analysts note that the premarket on world markets is composed as follows: - The Asian markets today observe increased demand for papers of financial sector, which, coupled with significant growth of quotations GDR (+9.6%), increase the probability of a good rally for Kazkom at 2-4%. Shares of Kazakhmys may move up. Kazakhtelecom can again experience the corrective pressure with the downward potential of 0.5-1.5%. - Asian investors today, picking up the optimism of American colleagues, are to improve. Dynamics of regional indices generally follows the movement of S & P500 and DowJones. Nikkei, Hang Seng and Shanghai with the opening of the trading session, added at least 1%. The growth of quotations, as well as in the States, was observed in the tech sector securities. Demand and bank counters, supported by optimistic expectations for the cancellation of the Greek debt. - Today's premarket of trading before the opening of the key commodity areas is positive, optimistic end of the session in the U.S. and Europe and will support the ongoing dynamics of trading in Asia. In addition, individual members of the newly commodity assets will continue to move on the basis of internal ideas. Thus, the price of mark Brent, according to our estimates, hardly goes below $ 110 and ounce of gold, with high probability, will retain the support level at $ 1,600. - The euro/dollar is now trading at yesterday's close (1.276) in anticipation of the next auction on placement of sovereign debt in Europe. Their government securities will sell Spain and France. The results, judging by yesterday's placements could be successful again, which will provide additional support for the single currency, which may take the barrier of 1.28. In Greece, will continue to discuss the voluntary cancellation of private lenders $ 130 billion of the $ 450 billion national debt. In the U.S., next portion of macro data is expected, particularly on inflation, labor and housing markets. 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 3.2 6.2 Buy +93.8 KAZKOMMERTSBANK KASE 236.0 452.0 Buy +91.5 KAZKOMMERTSBANK -PREF KASE 145.0 226.0 Buy +55.9 HALYK BANK-GDR LSE 5.1 13.6 Buy +165.6 HALYK BANK KASE 195.0 474.0 Buy +143.1 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 15.4 22.7 Buy +67 KAZKMUNAIGAZ KASE 13,650.0 20,062.0 Buy +68 ----------------------------------------------------------------------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,101.0 1,427.0 Buy +30 ENRC LSE 747.0 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. [2012-01-19]