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02.11.2011 16:07 #KASE news

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

/IRBIS, November 2, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for November 2, 2011.

Analysts of JSC "BCC Invest" now expect negative opening of trades on negative external background. Further, during the day, according to analysts, the dynamics on locale will remain negative, and KASE index probably to decrease significantly.

Analysts of BCC Invest JCS note the following events on Kazakhstani market today:

- Inflation in Kazakhstan in October 2011 was 0.2%. Food prices in the past month increased by 0.1%, nonfood goods - by 0.4%, paid services - by 0.3%.

- Prices of manufacturers of industrial products in October 2011 decreased by 0.5%. In October of this year relative to September prices in the mining industry decreased by 0.5%, manufacturing - by 0.6%. Prices for manufactured goods decreased by 0.5%, production services - remained unchanged.

Analysts of BCC Invest JCS expect the following developments on international markets today:

- Russia is expected to publish in the consumer price index.

- from 14:45 to 15:00 (AST) will be published manufacturing PMI indices for October for Italy, France, Germany and the Eurozone. At 14:55 (AST) data will be published in Germany in terms of unemployment. In the UK, at 15:30 (AST) will be published PMI in the construction sector.

- In the United States at 17:00 (AST) to be published data on applications for mortgages to an MBA, at 17:30 (AST) - to reduce jobs, at 18:15 (AST) ADP will publish data on changes in the number of employed in October, and 22:30 (AST) will be published decision of the Federal Committee for the operations of the Federal Open Market in the U.S. discount rate.

- today Gazprom OJCS, Sony Corp, MMC Norilsk Nickel OJSC, Teva Pharmaceutical Industries Ltd, Comcast Corp, Lenovo Group Ltd, Mastercard Inc, Time Warner Inc, Devon Energy Corp, Prudential Financial Inc, Cognizant Technology Solutions Corp, CenturyLink Inc, and many more will be reporting.

Analysts of BCC Invest JSC are giving the following advice for investors in securities of issuers in internal market:

---------------------------------------------------------------
                            Closing Target Potential,
Issuer            Code        price  price          % Recommen-
                                                      dation
----------------- ------- --------- ------ ---------- ---------
Kazkommertsbank   KKGB          248    320     +29.03 Neutral
                  KKGBp      156.20    157      +0.51 Neutral
Halyk Bank        HSBK          208    296     +42.31 Buy
Bank CenterCredit CCBN          315    608     +93.02 Buy
Tsesnabank        TSBN          800  1,030     +28.75 Neutral
KazMunaiGaz       RDGZ       14,979 15,900      +6.15 Buy
Kazakhmys PLC     GB_KZMS     2,125  2,440     +14.82 Hold
ENRC PLC          GB_ENRC     1,515  1,900     +25.41 Buy
Kazakhtelekom     KZTK       17,600 27,500     +56.25 Buy
                  KZTKp   11,799.99  8,900     -24.58 Buy
MREK              MREK        1,299  1,130     -13.01 Hold
---------------------------------------------------------------

The given material has exclusively information character and is not the offer or recommendation to make any transactions with the stocks. IRBIS Agency doesn't take responsibility for the opinions which are in given material.

[2011-11-02]