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

/IRBIS, February 26, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for February 24, 2010. Analysts of JSC "BCC Invest" expect today, what in the Kazakhstan share market will be observed technical отскок after a yesterday's collapse, especially under the actions of the companies having rather high correlation with foreign markets - Kazakhmys and ENRC. Additional support to the market will render a today's positive spirit of investors to Asia and growth in the commodity-raw markets. JSC "BCC Invest" also noted the following important events in the Kazakh market: - JSC "Bank CentrCredit" has informed on February, 25th that Korean Kookmin Bank (Kookmin) and the International Financial Corporation (IFC) has finished the transaction on participation in JSC "Bank CentrCredit " capital (BCC). As it has been co-coordinated in the legal documentation signed in September, 2009, Kookmin has increased the share in BCC to 42 % and IFC has got 10%от all quantity of let out and paid actions БЦК. The structure of the given transaction provided acquisition Kookmin and IFC as existing, and new actions BCC. As a result of release and placing of an order of 18 million simple actions and 39 million the preference shares converted in simple, BCC has received strong support in a kind of the new share capital, making 17,2 billion tenge (an equivalent $116 million) . Analysts of JSC "BCC Invest" consider that the given message is neutral for stock quotes of Bank CentrCredit as completely corresponds to the statements made earlier. Analysts of JSC "BCC Invest" confirm the recommendation to "buy" under simple actions of Bank with target by 947 tenges for the action. - Yesterday Kazakhmys PLC has informed that on Thursday, on March, 04th, in 07:00 o'clock in the morning on the London time, preliminary operational and financial results of group for the fourth quarter and as a whole for 2009 will be published. The presentation for analysts will be spent this very day in 09:00 o'clock in the morning on the London time. The published data will not include indicators on group participation in ENRCPLC in which capital Kazakhmys owns a share of 26 %. ENRC PLC will publish the data by operational and financial results for 2009 on Wednesday, on March, 24th, and Kazakhmys will publish the consolidated financial indicators on Tuesday, on March, 30th. Analysts of JSC "BCC Invest" inform that will make changes and updatings to the models of an estimation of actions Kazakhmys PLC and ENRC PLC after the publication of the data and, in case of need, from correct the recommendations and the target prices under actions of the specified companies. Analysts of JSC "BCC Invest" expect also following events in the international markets: - In the Russian markets within the current working day there are annual and semi-annual reports of such companies as "СТС Media", Bank "Petrokommerc", etc. At opening of the today's auctions of analytics of JSC "BCC Invest" expect positive mood of investors which will be probably supported by growth on the majority the Asian platforms and futures for the American indexes. - In the European markets today there is data on growth of inflation of the Euro zone for January and an index of business mood in France current month. The basic attention of investors to British isles will be chained to the publication of the reconsidered data on growth of gross national product of the country in the fourth quarter of last year and to increase in the prices in the secondary market of the real estate in February. Today since morning futures for the American indexes bargain in small plus therefore analysts of JSC "BCC Invest" expect moderately positive mood of the European investors at opening of the today's auctions in Europe. - In the markets of the USA will watch closely today the publication reconsidered by the data on growth of gross national product of the USA in the fourth quarter of last year and to a sales volume of houses in January. Besides, today value of an index of consumer mood of Michigan university for February will be published. Plus to everything, investors will watch performances of various heads of Federal reserve system which will pass during the day. 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 595 695 +16.72 Hold KKGBp 245 347 +41.76 Hold Halyk Bank HSBK 341 335 -1.93 Hold Bank CenterCredit CCBN 725 947 +30.62 Buy KazMunaiGaz RDGZ 21 550 21 100 -2.09 Hold Kazakhmys PLC GB_KZMS 2 950 3 528 +19.59 Hold ENRC PLC GB_ENRC 2 245 2 709 +20.67 Buy Kazakhtelekom KZTK 17 500 17 800 +1.71 Hold KZTKp 8 000 10 300 +28.75 Buy ---------------------------------------------------------------------- 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. [2010-02-26]