Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for February 2, 2011

/IRBIS. February 2, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for February 2, 2011. Analysts of JSC "BCC Invest" now expect a positive opening of trading on a positive external background. Further, during the day at the KASE, probably the growth of quotations continues, and this, according to JSC "BCC Invest", will again be a good opportunity to close the positions and take profits for those who have not done this before. Analysts of JSC "BCC Invest" continue to believe that the likelihood of a global correction in world stock markets in the near future is very high. JSC "BCC Invest" also notes the following important events in the Kazakh market: - Inflation in Kazakhstan in January 2011 was 1.7%. Food prices in the past month increased by 3%, non-food products - by 0.5%, paid services - by 1.2%. In the past month price increase observed for bread and cereals by 1.1%, and buckwheat - by 18.6%. Millet - 4.7%, barley - 3.2%, flour - by 1.6%. The level of prices for fruits was higher by 3.2%, vegetables - by 12.1%, potatoes - by 26.1%. The prices for raw milk was 4.5%, meat and poultry - 4.2%, eggs - 4%, oils and fats - 2.8%, sugar - 2.2%, cheese and cottage cheese - 2%. Diesel prices increased by 2.6%, petrol - 2.5%, solid fuel - by 0.8%, pharmaceutical products, detergents and cleaning products - by 0.5%, clothing and footwear - 0.4%, goods for personal care - 0.3% . Rail passenger transport services rose by 2.2%, hairdressing and personal care facilities - by 0.8%, almost. Restaurants and hotels - by 0.6%, healthcare - by 0.5%. In the area of housing and communal services tariffs on hot water increased by 0.9%, central heating and cold water - by 1.2%, sewerage - by 1.7%, garbage collection - 4%, electricity - by 6.7%." with a target price of 9.98 pounds per share. Analysts of JSC "BCC Invest" and expect the following developments in international markets today: - Russia is expected to publish data on the Consumer Price Index for the week and the beginning of the year. - The UK 15:30 (AST) will be published data on the index of business activity in the construction sector PMI. At 16:00 (AST) will be published data on euro area producer price index. - U.S. at 04:00 (AST) was published data on consumer confidence from ABC, on domestic sales of cars and total sales of vehicles. At 18:00 (AST) will be published data on applications for mortgages from an MBA, 18:30 (AST) - to reduce jobs, and in 19:15 (AST) - Change the number of employees on ADP. - Today reports JSC Gazprom, Nomura Holdings Inc, Western Union Co, Broadcom Corp and others Analysts of JSC "BCC Invest" give the following advice for investors in securities of issuers in the domestic Kazakh market:: ---------------------------------------------------------------------- Issuer Last price Target Predicted price. code price % Recom- mendation ----------------- ------- ---------- ------ ---------------- --------- Kazkommertsbank KKGB 492.20 479 -2.68 Neutral KKGBp 210 335 +59.52 Buy Halyk Bank HSBK 385 432 +12.21 Hold Bank CenterCredit CCBN 661 646 -2.27 Hold Tsesnabank TSBN 865 1,030 +19.08 Neutral KazMunaiGaz RDGZ 19,150 22,300 +16.45 Buy Kazakhmys PLC GB_KZMS 3,700 3,977 +7.49 Hold ENRC PLC GB_ENRC 2,400 2,298 -4.25 Neutral Kazakhtelekom KZTK 19,600 19,200 -2.04 Hold KZTKp 8,900 9,300 +4.49 Hold 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. [2011-02-02]