Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for January 23, 2012

/IRBIS, January 23, 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 23, 2012. According to the report, analysts note that the premarket on world markets is composed as follows: - The existing news background is unclear, which complicates the process of selecting an investment strategy of the day. In the U.S. trading ended on the whole in an optimistic way, but it stands in contrast to the Greek factor. However, in view of the negative dynamics of oil and industrial metals today one should limit purchases of raw stocks, and possibly fix the profit. Somewhat different the situation is for banks, among which are the Halyk as a candidate for moderate growth. - The weak activity is observed in Asian trading today on the background of the celebration of Chinese New Year. Japan's Nikkei stock today demonstrates the slow growth of 0.2%. Investors are trying to weigh two factors. On the one hand pressure on the market had failed outcome of the Greek negotiations with the desire to buy other stimulate positive financial reports of most American companies. Shanghai, Hong Kong and Seoul stock exchanges will not be working. - Today's premarket trading before the opening of the key commodity areas is rated as "neutral." So, on one hand - the pressure on the traders will have negative end of the week, accumulated in world markets, which obviously will determine today's opening of trading on the stock markets drop. On the other hand - the assets of the commodity market can once again return to a positive trend, as against the domestic stories, and because of some external factors. - The euro/dollar today fell below 1.29 in response to unsuccessful attempts by the Greek authorities to negotiate with private creditors on the scope for voluntary cancellation of debt and interest rates on new bonds. Further momentum trading at the beginning of the week will dictate the European news background. Today, EU finance ministers will meet again to discuss the details of the budget pact. Moreover, the focus will again be on the auction on placement of sovereign debt. Germany and France will be selling their bonds. The total planned volume - 11.3 billion euros. 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 2434 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 196.0 474.0 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 244.0 - Neutral - -------------------------- ---- -------- ------------ --------- ------- Oil-and-Gas ----------------------------------------------------------------------- KAZKMUNAIGAZ-GDR LSE 15.6 22.7 Buy +67 KAZKMUNAIGAZ KASE 13,750.0 20,062.0 Buy +68 ----------------------------------------------------------------------- Metallurgy: ----------------------------------------------------------------------- KAZAKHMYS PLC LSE 1,123.0 1,427.0 Buy +30 ENRC LSE 738.5 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. [2012-01-23]