Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for September 24, 2010

/IRBIS. September 24, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for September 24, 2010. Analysts of JSC "BCC Invest" is once again expected to multi- directional opening trades at KASE on a background of mixed multidirectional close of trading on the shares and depositary receipts of Kazakhstan issuers yesterday in London. Further, during the day, likely profit taking before the weekend, which could lead to a negative close on the index KASE. Analysts of JSC "BCC Invest" and expect the following developments in international markets today: - In Russia significant economic and corporate events are expected. - in France 11:30 (AST) will be published final data on GDP for the second quarter, and 22:00 (AST) after the close of markets, there are data on the number of unemployed and job seekers in August. In Germany 12:00 (AST) will be published index prices for imports, and in 14:00 (AST) - indicators of business activity from the IFO. - U.S. at 18:30 (AST) is published statistics on orders for durable goods in August, at 20:00 (AST) - the sales data in the primary market Gilles also in August. Analysts of BCC Invest JSC are giving the following advice for investors in securities of issuers in internal market: ---------------------------------------------------------------------- Issuer Last price Target Predicted price. code price % Recom- mendation ----------------- ------- ---------- ------ ---------------- --------- Kazkommertsbank KKGB 395 479 +21.27 Neutral KKGBp 200 335 +67.50 Buy Halyk Bank HSBK 310 386 +24.52 Buy Bank CenterCredit CCBN 535 646 +20.75 Hold Tsesnabank TSBN 960 1,030 +7.29 Neutral KazMunaiGaz RDGZ 15,700 22,300 +42.04 Buy Kazakhmys PLC GB_KZMS 3,200 3,392 +6.00 Hold ENRC PLC GB_ENRC 2,194.50 2,858 +30.23 Buy Kazakhtelekom KZTK 14,900 19,200 +28.86 Buy KZTKp 7,200 9,300 +29.17 Buy MREK MREK 1,100 1,130 +2.73 Hold ---------------------------------------------------------------------- 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. [2010-09-24]