Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for October 26, 2010

/IRBIS. October 26, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for October 26, 2010. Analysts of JSC "BCC Invest" now expect a positive opening on the index KASE. Further, during the day, according to JSC "BCC Invest", the dynamics of trades at the KASE will be mixed and multidirectional, and the index of KASE, perhaps, end the day with slight increase. JSC "BCC Invest" also note the following important events in the Kazakh market: - The monetary base in narrow terms in September declined by 0.2% (in August - has increased by 4.9% since the beginning of the year - increased by 10,2% year on year - fell by 1.8%), and was at the end of September KZT2,162,184 million. Money Supply MH (money supply) for September fell by 0.2% (in August - has increased by 0.3% since the beginning of the year - by 12.3% year on year - by 15,9%), and amounted to end of September, KZT8,411,434 million. - JSC "KazMunaiGas" notified KASE that on Dec. 7, 2010 at 11:00 am will begin an extraordinary general meeting of shareholders of the company. The only issue on the agenda of this meeting is the question of determining the audit organization for 2011-2013, which will be to review the interim financial statements for the 6 months ended June 30, 2011-2013, and the audited financial statements of the company and a package of financial statements for consolidation purposes JSC National Company KazMunaiGas for the years ended December 31, 2011-2013, respectively. The said meeting will be held at the following address: Astana, Kabanbai Batir Str. 17. Registration of participants said the meeting will be from 10:00 to 10:45 hours. The list of shareholders entitled to participate in this meeting will be compiled as of November 1, 2010. In the absence of a quorum repeated meeting of shareholders held on Dec. 8, 2010 at the same time at the above address. Shareholders may read the materials on the agenda of this meeting from 01 November 2010 at the address: Astana, Kabanbai Batir Str., 17, 12th floor, office. 1207 weekdays from 9:00 to 18:30 hours, as well as on www.kmgep.kz. Analysts of JSC "BCC Invest" and expect the following developments in international markets today: - Russia is expected to publish statements of OJSC Rosneft and TNK- BP - in Germany 12:00 (AST) will be published index prices for imports in September, as well as the index of consumer confidence from GfK in November. At 14:30 (AST) in the UK will be published preliminary data on GDP for the third quarter, as well as the index of activity in the services sector in August. At 22:00 (AST) in France will be published data on the labor market of the country in September. Today in Europe report UBS AG and ArcelorMittal NV. - in the U.S. before the opening of trading at 19:00 (AST) will be published index value of real estate prices from S&P/CaseShiller for August. After the market opened in 20:00 (AST) will be published values of the index of consumer confidence for October, the index of home prices for August, and the index of manufacturing activity of the Federal Reserve Bank of Richmond in October. Reporting season continues. Today accountable AK Steel Holding Corp., United States Steel Corp., Merck, DuPont, Ford Motor Co., Lexmark International Inc., Western Union Co. and others. 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 426 479 +12.44 Neutral KKGBp 215 335 +55.81 Buy Halyk Bank HSBK 330 386 +16.97 Buy Bank CenterCredit CCBN 601 646 +7.49 Hold Tsesnabank TSBN 940 1,030 +9.57 Neutral KazMunaiGaz RDGZ 15,700 22,300 +42.04 Buy Kazakhmys PLC GB_KZMS 3,150 3,392 +7.68 Neutral ENRC PLC GB_ENRC 2,100 2,858 +36.10 Buy Kazakhtelekom KZTK 15,760 19,200 +21.83 Buy KZTKp 8,130 9,300 +14.39 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. [2010-10-26]