Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for March 16, 2010

/IRBIS, March 16, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for March 16, 2010. Analysts of JSC "BCC Invest" expect today in the Kazakhstan share market of continuation of correctional movement of the stock quotes entering into index KASE, in a greater degree in raw sector. JSC "BCC Invest" also mark following significant events in the Kazakhstan market: - The positive balance of the foreign trade balance of Kazakhstan in January, 2010 has made $2,8 billion against $0,8 billion in January, 2009. Thus, as it is underlined in the state agency message on the statistician, the republic foreign trade turnover in January, 2010 in comparison with January, 2009 has grown on 31 % and has made $5,7 billion, including export - $4,3 billion (it is more on 66,2 % accordingly), import - $1,5 billion (it is less on 18,7 %). In commodity structure of import in January, 2010 the basic volume (41,6 %) has had on cars, the equipment, vehicles, devices and devices; 16,2 % - on mineral products; 12,7 % - on chemical production, plastic and rubber; 10,8 % - on not precious metals and products from them; 9 % - on продтовары and raw materials for their manufacture. In export structure in the accounting period the basic share has had on mineral products - 77,8; on not precious metals and products from them - 12,9 %; on chemical production, plastic and rubber - 3,4 %; продтовары and raw materials for their manufacture - 2,9 %; 0,6 % - on cars, the equipment, vehicles, devices and devices. - On March, 15th current year JSC "Kazakhtelecom" has placed on the corporate web-site the message on appointment of Kuanyshbeka Esekeeva as the head of the company. On March, 15th 2010г. The chairman of Board of JSC "NWF" Samruk - Kazyna "has presented Kajrat Kelimbetov to top management of JSC" Kazakhtelecom "Kuanyshbeka Esekeeva as the head of the company. From February, 2007 till March, 2010 Kuanyshbek Esekeev held a post of the Chairman of Agency of Republic Kazakhstan on information and communication (ICA). Analysts of JSC" BCC Invest "consider that appointment of Kuanyshbek Esekeev to a post of the Chairman of Board of JSC" Kazakhtelecom "essentially will not change strategy of the company and will not affect operational and financial results in the future as Kuanyshbek Esekeev and entered earlier into company top management, being councillor Direktor. The JSC" BCC Invest "keeps recommendations "to held" under simple actions KZTK with target by 17 800 tenges for the action and "to buy" under preference shares KZTKp with target by 10 300 tenges for the action. Analysts of JSC" BCC Invest "expect also following events in the international markets: - In the Russian markets the publication of the prices of manufacturers for February which, by data a forecast consensus, are expected at the rate of about one-percentage increase will be the basic economic event of Tuesday. Today the auctions in Asia pass in a moderate positive key that should support to the Russian papers at opening утреней to trading session. Besides, futures for the majority of the American share indexes also at present are in plus, therefore we expect that the auctions on the Russian trading platform will open growth at a favorable external background. - In the European markets today there is data on inflation in the Eurozone and the separate European countries in February, and also on an index of economic mood for March from ZEW. Besides, the European investors will watch closely events from the USA where today will take place session ФРС on which the decision under the base rate of refinancing will be accepted, and the current monetary policy of the country will be discussed. - In the markets of the USA the possible statement for toughening of a monetary policy of the country and decrease in liquidity by US authorities following the results of session of Federal committee on operations in the open market (FOMC) will be the basic anxiety of the American investors on Tuesday. On the threshold of the given decision investors can begin sales in the market of brave actives, however in case of an invariance of a policy of a financial regulator the market can as well to ignore the given messages. Besides, the data on growth of new buildings last month and to the prices of imported and exported products for the same period can be the interesting. 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 620 695 +12.02 Hold KKGBp 245 347 +41.76 Hold Halyk Bank HSBK 385 335 -13.12 Hold Bank CenterCredit CCBN 730 Buy Tsesnabank TSBN 980 737 -24.80 cut KazMunaiGaz RDGZ 20 900 20 300 -2.87 Hold Kazakhmys PLC GB_KZMS 3 300 3 528 +6.91 Hold ENRC PLC GB_ENRC 2 520 2 709 +7.50 Hold Kazakhtelekom KZTK 17 000 17 800 +4.71 Hold KZTKp 8 020 10 300 +28.43 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. [2010-03-16]