Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for September 6, 2010
/IRBIS, September 6, 2010/ -BTA Bank JSC subsidiary BTA Securities
(BTA Securities, Almaty) has provided IRBIS with a survey of main events,
Forecasts and Investment ideas for September 6, 2010.
According to the report, the company analysts expect today:
- Today trading in Europe, most likely, will take place in a
moderately positive manner. U.S. markets closed last Friday, a
significant increase in major indices due to the positive values of U.S.
economic statistics on employment. Asian markets are now responding
positively to developments in the U.S., demonstrating a fairly strong
positive momentum.
- The market for metals today increases, copper in Shanghai
increases in price by more than 0.8%. Fuels market speculation that,
confirmed by the figures of last week on China and the U.S., economic
growth will lead to increased global demand for metals. Oil quotes yet
traded in the red zone with a moderate decline.
- European currencies this morning once again demonstrate the
uncertain, the lateral dynamics. A day earlier courses entrenched on
increasing investor demand for risky assets.
- Today, some impact on the stock market and currencies will
provide economic statistics for the Euro zone. In view of the
celebration of Labor Day, U.S. markets will be closed. In Europe today
there are data on an index of investor confidence for September.
Expected growth in the indicator.
Analysts of BTA Securities give the following advice for investors in
securities of issuers in Kazakhstan:
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Stock Final Target price Recom Potential
Emitter Exch price 2010 year mendation % percent
ange
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Banks
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KAZKOMMERTSBANK-GDR LSE 5.3 9.8 Buy +85
KAZKOMMERTSBANK KASE 388.0 728.3 Buy +88
KAZKOMMERTSBANK -PREF KASE 242.0 388.5 Buy +61
HALYK BANK-GDR LSE 8.4 10.5 Buy +26
HALYK BANK KASE 313.0 377.5 Buy +21
HALYK BANK -PREF (HSBKP) KASE 186.0 189.0 Hold +1
HALYK BANK -PREF1 (HSBKP1) KASE 171.0 189.0 Hold +10
BANK CENTER CREDIT KASE 548.0 1,531.0 Buy +179
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Oil and Gaz:
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KAZKMUNAIGAZ-GDR LSE 17.8 30.1 Buy +69
KAZKMUNAIGAZ KASE 15,900.0 27,108.0 Buy +70
BMB MUNAI AMEX 0.59 2.54 Buy +330
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Metallurgy:
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KAZAKHMYS PLC LSE 1,285.0 1,427.0 Hold +11
ENRC LSE 885.0 1,216.0 Buy +37
KAZAKHGOLD-GDR LSE 4.1 7.0 Buy +72
URANIUM ONE LSE 3.5 3.3 Hold -5
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Companies with small capital:
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KAZAKTELECOM KASE 14,020.0 22,825.0 Buy +141
STEPPE CEMENT LSE 49.5 120.9 Buy +144
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The given material has exclusively information character and is not the offer
or recommendation to make any transactions with the stocks. Agency Irbis doesn't
take responsibility for the opinions which are in given material.
[2010-09-06]