Review of key events from analysts of ASYL INVEST (Kazakhstan) on March 14, 2010

/IRBIS, March 17, 2010/ - ASYL INVEST JSC (Almaty) provided IRBIS overview of major events and their investment ideas and projections on March 17, 2010. Analysts of ASYL INVEST distinguish the following important events in the markets: - The situation in the iron ore market remains uncertain. The Chinese government announced that it would oppose the strong increase in prices for raw materials for steelmakers. At present, among the world's largest producers of iron ore (BHP, Rio Tinto and Vale) and consumers are negotiations on the establishment of new reference prices (benchmark) of ore in 2010. In addition, manufacturers announced their intention to change the pricing system and bring the contract prices to spot prices for iron ore. Market participants predict a rise of pickup in prices at 40-90% this year, while China, Japan and Korea are opposed to such growth. According to the Bureau of iron and steel statistics (Iron and Steel Statistics Bureau), China imported in 2009, record 628 million tons of iron ore, up 41% compared with 2008 and 128% more than in 2005. Yesterday also has information on what the price of pig iron (pig iron) continued to rally on the European market. Prices on CIF contracts reached a level of $ 460-470 per ton, compared with $ 420-430 two weeks earlier. However, market participants note the volatility in the market due to uncertainty about future prices. Many market participants have stopped selling in anticipation of price increases for new contracts. Index Baltic Dry, tracking the cost of transporting raw materials, in particular, and iron ore continued growth in recent years, but several fixed during the previous day. In general, the situation and outlook for iron ore market continues to support the shares of producers of iron ore, in particular, and ENRC. Analysts of ASYL INVEST expect volatility ENRC shares soon be preserved as a significant driver for change in the value of shares will be the development of the market situation of iron ore and ferro- alloys, as well as the publication of financial statements for the year 2009, which is scheduled for March 24. - Bank Center Credit announces plans for 2010. BCC plans to increase assets by 15-16% (the bank's assets for the year 2009 - KZT1,161 billion), growth of loan portfolio by 10-15% (loan portfolio in 2009 - KZT638 billion). The bank will seek to build up loan portfolio by 20%. Amount of provisions scheduled at more than 11%, the level of problem assets should not exceed 4% of the loan portfolio. Net profit up in 2010 is planned at KZT5 billion (net profit in 2009 - KZT3.452 billion). The Bank plans to enter the three leaders of BS Kazakhstan within 2-3 years. In general, the bank plans to look optimistic. Analysts of ASYL INVEST do not expect the positive impact of the catechumens plans bank in 2010 for stock quotes bank. The given material has exclusively information character and is not the offer or the recommendation to make any transactions with the stocks. Agency "Irbis" doesn't take responsibility for the opinions which are in given material. [2010-03-17]