Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for January 20, 2012

/IRBIS, January 20, 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 20, 2012. According to the report, analysts note that the premarket on world markets is composed as follows: - Today the Kazakh investors need to pick up the bullish mood of foreign markets and have achieved a significant rally in the KASE. In favor may be equity securities of steel sector with an increase at 2 - 4%. Rebound may occur on certain bank chips with the support of the increased demand for the shares of the financial sector in the western areas. - Asian investors today are picking up the optimism of American colleagues who continue to move upwards. Some pressure was put by preliminary data on manufacturing activity in China. However, the market has left a film on the sidelines until the memory of the unexpectedly high growth of Chinese economy in 2011. Nikkei, Hang Seng and Shanghai from the opening of the trading session, added 1.5%, 0.6% and 1% respectively. The growth of quotations, as well as in the States, may be seen for the securities of the banking sector. - Today's premarket of trading before the opening of the key commodity areas is assessed as "positive". Optimistic closing session of the U.S. and Europe, together with the positive dynamics of the session in Asia, will provide substantial support to the "bulls" of commodity markets. In addition, again note the high level of support from its own internal histories of individual products. - The euro/dollar is now trading at yesterday's close (1.297) in anticipation of the expected U.S. data, which can show significant growth in sales of the Tuesday housing - maximum of 1.5 years. In Greece, will be the third day of discussions with private lenders. S & P has stated that approximately 6.1% of companies with non-investment credit rating, may declare a default in the year. Exert pressure on the euro and the data from HSBC, which showed slowing manufacturing activity in China. 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 231.0 452.0 Buy +91.5 KAZKOMMERTSBANK -PREF KASE 145.0 226.0 Buy +55.9 HALYK BANK-GDR LSE 5.0 13.6 Buy +165.6 HALYK BANK KASE 197.8 474.0 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 244.0 - Neutral - -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 15.7 22.7 Buy +67 KAZKMUNAIGAZ KASE 13,900.0 20,062.0 Buy +68 ----------------------------------------------------------------------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,113.0 1,427.0 Buy +30 ENRC LSE 749.5 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. [2012-01-20]