Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for October 1, 2010

/IRBIS. October 1, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for October 1, 2010. Analysts of JSC "BCC Invest" now expect a mixed multi- directional opening of the stock trades at KASE on a mixed external background. During the day, be possible to fix the players arrived before the weekend, which could lead to a decrease in the index KASE. Analysts of JSC "BCC Invest" and expect the following developments on Kazakhstan market today: - JSC Exploration and Production KMG on KASE from September 1 to 30 acquired 220,598 of its preferred shares (RDGZp) KZT15,472.39 per share. With September 1 to 30, 2010 in the KASE trading system spends six specialized trades to acquire preference shares KZ1P51460114 (the official list of KASE, the third category, RDGZp) JSC KazMunaiGas. The total amount authorized and outstanding preferred shares of Exploration and Production KMG currently stands at 4,136,107 units. The buyer intends to purchase up to 100% of the specified number of securities. The auction was attended by 39 members of KASE, have submitted 389 applications, of which at the moment the end of the application period were 344 active applications for sale of 300,706 shares of bids totaled 7.3% of the announced the acquisition volume. The volume of active orders, the proportion of broker-dealers had 11.5% of their clients - 88 5%. Following the auction the buyer set the price cut of KZT15,472.39 per share and has documented its intention to meet the KASE 165 applications for the sale of 220,598 shares. If successful, the settlement amount of the purchase amount to KZT3,413,178 289.22 (equivalent to 23,129,215.21 U.S. dollars at the current exchange rate). Recall that the calculations based on data entered on the special trading deals should be made October 5, 2010 (according to the settlement scheme T +3). According to the JSC "BCC Invest", the message is neutral for the stock price and depository receipts of JSC Exploration Production KazaMunayGaz as repurchases of preferred shares the company shall, in accordance with announced repurchase program, and the redemption price on the sixth trading in line with expectations of JSC" BCC Invest "and the expectations of the market as a whole. Analysts of JSC "BCC Invest" confirm the recommendation to "buy" on ordinary shares and depositary receipts of the company. JSC "BCC Invest" does not offer recommendations on preferred shares of Exploration Production KazaMunayGaz. Analysts of JSC "BCC Invest" and expect the following developments in international markets today: - Russia is expected to publish data on monetary base on September 27, the fiscal balance for the 2nd quarter of this year, as well as the Reserve Fund and National Welfare Fund in September. - in Germany 12:00 (AST) will be published data on retail sales for August. At 13:45 - 14:30 (AST) will be published values of business activity index PMI in industrial sphere in Italy, Germany, France, the Euro zone as a whole and the UK in September. At 15:00 (AST) are data on unemployment in the euro area in August. - in the U.S. before the market opens at 18:30 (AST) will be published data on personal income and spending for August. After the opening of the market will be published a series of macroeconomic data. At 19:55 (AST) - the index of consumer confidence for September from the University of Michigan at 20:00 (AST) - an index of business activity in manufacturing PMI for September and expenditures in the construction sector in August. After the market close at 03:00 (AST) will be published data on the volume of car sales in September. 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 445 479 +7.64 Neutral KKGBp 220 335 +52.27 Buy Halyk Bank HSBK 319 386 +21.00 Buy Bank CenterCredit CCBN 530 646 +21.89 Hold Tsesnabank TSBN 951 1,030 +8.31 Neutral KazMunaiGaz RDGZ 15,825 22,300 +40.92 Buy Kazakhmys PLC GB_KZMS 3,410 3,392 -053 Hold ENRC PLC GB_ENRC 2,070 2,858 +38.07 Buy Kazakhtelekom KZTK 15,401 19,200 +24.67 Buy KZTKp 6,425 9,300 +37.78 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. [2010-10-01]