Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for October 5, 2010

/IRBIS, October 5, 2010/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for October 5, 2010. Analysts of IFH RESMI are paying attention to investors on the following important events in the markets now: - Property tax in China. The intention of the Chinese government to impose a tax on real estate in order to reduce the strong growth in property prices provoked a rise in stock prices real estate companies of China from May to September this year. Thus, the country's largest development companies of the country Beijing Capital Development Co (600376: CG), Gemdale Corp (600383: CG), Poly real estate Group Co Ltd (600048: CH) and China Vanke (000002: CH) on September 30, grew by 7.2%, 5.3%, 8.9 and 7.6% respectively. A tax on real estate, as well as an additional measure the Chinese government, the increase in initial payment for a mortgage loan of up to 30%, is scheduled for early October. Thus, the expected drop in stock prices real estate companies of China to 5-8%, owing to the expected decline in home prices up to 10-20% as a result of measures against the "bubble" in the Chinese real estate market. Analysts of IFH RESMI give the following advice for investors in securities of issuers in Kazakhstan: -------------------------------------------------------------------------- Issuer Last price Predicted price* Up/down from Target RSI. Current price price** %*** ------------------ ---------- ---------------- ------------- ------- ----- Kazkommertsbak 415 796 91.8% 385 50.73 Halyk bank 307 409 33.2% 353 47.39 Bank Center Credit 540 1,218 125.6% 869 52.21 RD KMG 15,900 24,895 56.6% 23,567 45.42 Kazkhtelekom 15,511 33,842 118.2% 29,682 77.08 -------------------------------------------------------------------------- Fundamental evaluation IFH RESMI for 12 months (weekly review) ** Target according to the consensus forecast of analysts surveyed by Bloomberg *** Relative strength index - an indicator of technical analysis. determines strength of trend and likelihood of change. Overbought / oversold - when RSI indicator value is closer to 100% / 0%. - Cost of common shares Kazkommertsbank assessment IFD "RESMI" will cost no less than KZT796 per share by the end of 2010; - Halyk Savings Bank of Kazakhstan is estimated IFD "RESMI" as the most promising in terms of business development financial institution in Kazakhstan. Analysts see the growth of the bank's shares up to KZT409 per share; - Shares of Bank CenterCredit in the long term analysts IFD "RESMI" about the outlook for growth in securities of the bank to the level of 1.230 m.; - Stocks of Kazakhtelecom are looking most attractive for investment in the long term. Analysts IFD "RESMI" recommend buying simple shareholders of the issuer. - The updated target price of shares of JSC Exploration Production KMG is KZT24.895 per share. 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. [2010-10-05]