Forecast and recommendations of BTA Securities

ANALYSTS (KAZAKHSTAN) ON AUGUST 13, 2009 /IRBIS August 13, 2009/ - JSC "BTA Bank"s subsidiary "BTA Securities" (BTA Securities, Almaty) has provided IRBIS with a survey of main events and Investment ideas and forecasts for August 13, 2009. According to the report, the company analysts expect: - analysts of "BTA Securities" hold the positive script of events succession in the share market today. The basic indexes in Europe and the USA most likely will go upwards by support of the raw market where the next increase of the oil prices and metals prices on optimism concerning fast restoration of USA economy is expected. Today the dollar will continue weakening that also will support the prices of oil and metals. More close to opening of the USA trades, the "bull" moods can amplify by expected positive data on unemployment in the USA and to retails in this country. Among corporate events the message that billionaire John Polson has got 168 million stocks of Bank of America can provide support to the market. Dynamics of futures for the basic indexes says about growth of all markets today. The technical analysis gives direct signal to upwards. - KASE indexes most likely will increase in reply to the positive dynamics of the international share markets generated after closing of the local trades. - analysts of "BTA Securities" expect continue of decrease in stock quotes and GDP leading Kazakhstan banks as JSC "National savings bank of Kazakhstan" and JSC "Kazkommertsbank". At current levels share tools of these banks are still essentially overestimated. "BTA Securities" recommends to investors to open positions in those tools of sector where the considerable potential of growth remains. - oil quotations will show growth by concerning on optimism situation an improvement in USA economy by expected weakening of dollar. Expects on GDR JSC "Investigation Extraction "KazMunaiGaz" growth whereas stocks of BMB Munai can show decrease. - the increase of quotations of the domestic metallurgical companies is predicted at support of metals prices rise for in reply to weakening of the American dollar. Data on Eurozone GDP can render pressure on sector, which indicators of economy condition do not inspire recently optimism. However the similar negative effect can be compensated by macroeconomic data across the USA expected later. - weakening of USD concerning to Euro by positive of ЕC GDP is expected on August,13. The given material has exclusively information character and is not the offer or the recommendation to make any transactions with the stocks. Agency "Irbis" doesn't take responsibility for the opinions which are in given material. [2009-08-13]