Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for November 8, 2010

/IRBIS. November 8, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for November 8, 2010. Analysts of JSC "BCC Invest" now expect a positive opening of trading on the shares included in the index KASE, against growth of stock quotes and depository receipts of Kazakhstan issuers yesterday in London. According to the JSC "BCC Invest", the growth of KASE index will be maintained until the end of the day. Although not ruled out profit-taking pressure correction moods. JSC "BCC Invest" also notes the following important events in the Kazakh market: - Assets Tsesnabank as at September 30 amounted to KZT209.1 billion, or 19.3% compared with the beginning of the year, according to consolidated unaudited financial statements of banks under IFRS. The bank's liabilities as at 30 September amounted to KZT190.2 billion, which is 21% higher compared with the beginning of the year, the bank's own capital amounted to KZT18.8 billion, or 3.3% higher, respectively, the share capital unchanged, amounting to KZT18 billion. Net profit in January-September amounted to KZT641.7 million, down 21.3% compared with January-September 2009. The main shareholder with a share of about 73% of a corporation Tsesna. Analysts of JSC "BCC Invest" and expect the following developments in international markets today: - In Russia, Gazprom is planning to publish IFRS financial otchetnostpo for the second quarter of 2010. - in Germany 13:00 (AST) will be published data on trade and balance of payments for September, and 17:00 (AST) - data on changes in industrial production in September. Today at 12:00 (AST) is expected to publish reports Commerzbank AG for the third quarter. - In the U.S. publication of important macroeconomic statistics is expected. 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 441 479 +8.62 Neutral KKGBp 215 335 +55.81 Buy Halyk Bank HSBK 335 386 +15.22 Buy Bank CenterCredit CCBN 590 646 +9.49 Hold Tsesnabank TSBN 870 1,030 +9.57 Neutral KazMunaiGaz RDGZ 16,000 22,300 +39.38 Buy Kazakhmys PLC GB_KZMS 3,400 3,392 -0.24 Neutral ENRC PLC GB_ENRC 2,265 2,858 +26.18 Buy Kazakhtelekom KZTK 16,000 19,200 +20.00 Buy KZTKp 7,420 9,300 +25.34 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. [2010-11-08]