Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for May 04 2011

/IRBIS. April 29, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for May 04, 2011. The analysts are expecting a negative opening on KASE in the background of decrease of quotations of stocks and depository receipts. During the day, the KASE index stock quotations dynamics will be changeable and the index will probably end up with a moderate decrease. The main event will be the end of the specialized trade on the buyout of own privileges stocks of "KazMunaiGaz Exploration and Production" JCS. The cut price would form in range of 19,700 - 19,800 KZT per share. Analysts of JSC "BCC Invest" expect the following developments in international markets today: - Inflation in Kazakhstan in April 2011 was 0.5%. In the past month price increase observed for bread and cereals by 1,1%, and cereals - by 3,6%, pasta - by 1,4%, flour - by 1,3%, bakeries and pastry - by 1,2%, bread - 0,9%. Prices of eggs rose by 3,4%, sugar - 2%, meat and poultry - 1,5%, sunflower oil - by 1,3%, confectionery products - by 1,2%, fruit and fresh vegetables - on the 1,1%, cheese and curd - by 0,8%, non- alcoholic beverages - by 0,7%. Decline in prices recorded in Figure 0,6%, potatoes - by 1,3%, raw milk - by 2,9%. Increase in prices for pharmaceutical products amounted to 0,2%, products for personal care, clothing and footwear - by 0.3%, detergents and cleaning products - 0,5%, cement - 0,6%. Gasoline prices rose by 0.4% and diesel fuel - fell by 0.8%. Services of hairdressers grew by 0.6%, restaurants and hotels - on 0,5%, passenger railway transport over long distances - 0,4%, health and culture - by 0,3%. In the area of housing and communal services tariffs on cold water decreased by 1.2%, central heating and hot water - by 0,3%, sewerage - by 0,2% and the gas transported through the distribution network increased by 0.6 %, garbage collection - by 1%. - Prices of manufacturers of industrial products in April 2011 increased by 4.8%. In April of this year compared to March, prices of manufacturers of industrial products increased by 4.8%. Manufactured products increased by 5,2%, production services fell 0.1%. Higher prices were observed in the mining industry by 6,8%, manufacturing industry - by 1.4%. - Severstal Columbus has been stopped indefinitely. Plant Severstal Columbus (USA, a subsidiary of Severstal (RTS: CHMF)) is stopped for an indefinite period as a result of a severe storm, offending the power of company, the company said. According to U.S. media, gale on April 27 brought to a halt of power supply to the Severstal Columbus, and mills US Steel and Nucor. Severstal said that buildings and equipment were not affected by the storm. Recently the electricity supply has resumed, enough for several finishing lines. Analysts of JSC "BCC Invest" expect a moderately negative impact of the news on share prices and the GDR of JCS "Severstal". Suspension of production will affect the reduction of the actual volume of production from the planned amount, which will certainly affect the financial results. It all depends on the period of suspension of production and subsequent renewals. Severstal Columbus plant, representing the division Severstal North America, produces steel in the form of hot roll and plate iron, cold roll and coated sheets of zinc and other materials with production capacity of 1.5 million tons of steel per year. The main customers of Severstal North America are the automotive and construction. The "BCC Invest" analysts expect the following key events on the international markets today: - The data on Russian consumer price index is to be published today. - In a number of European countries the publication of PMI business activity index in the service field and Eurozone's composite PMI is expected. In Great Britain - data on real estate prices at 12:00 (AST), at 14:30 (AST) - on the M4, consumer and hypothecary crediting. 15:00 (AST) - the Eurozone's retail data. - In USA - data on hypothecary applies for mortgage from MBA (17:00 AST), 17:30 (ASR) - on the decrease of workplaces, 18:15 (AST) - data on the changes in the number of employees from ADP, 20:00 (AST) - ISM composite index for non-produce sphere. Today the reports of Statoil ASA, Siemens AG, Anheuser-Busch InBev NV, BNP Paribas, MetLife Inc, News Corp, Time Warner Inc, Bayerische Motoren Werke AG, and others will be heard. Analysts of BCC Invest JSC are giving the following advice for investors in securities of issuers in internal market: ------------------------------------------------------------------ Last price Target Potential, Issuer Code price % Recommenda- tion ------------------------------------------------------------------ Kazkommertsbank KKGB 509,50 583 +14,43 Neutral KKGBp 210 196 -6,67 Neutral Halyk Bank HSBK 366 415 +13,39 Hold Bank CenterCredit CCBN 516,55 646 +25,06 Hold Tsesnabank TSBN 865 1 030 +19,08 Neutral KazMunaiGaz RDGZ 19 250,01 20 500 +6,49 Hold Kazakhmys PLC GB_KZMS 3 250 3 870 +19,08 Buy ENRC PLC GB_ENRC 2 200 2 550 +15,91 Hold Kazakhtelekom KZTK 19 600 Review KZTKp 9 350 9 300 -0,53 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. [2011-05-04]