Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for April 5, 2010

/IRBIS, April 5, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for April 5, 2010. Analysts JSC "BCC Invest" expected today on the Kazakhstan stock market a moderately positive trend against the background of support from the Asian indices and futures for U.S. indices and oil. However, in view of the fact that the European markets on Monday will also be closed for Easter holidays, trading in shares on KASE, most likely, will be held listlessly, and the movement of quotations will be of low amplitude. April 2 2010, JSC "BCC Invest" has released a new survey by Kazakhmys PLC c taking into account the published financial results for the year 2009. Analysts of JSC "BCC Invest" raised the target price from 1544 pence to 1582 pence per share and left the recommendation of the "hold" on the shares of Kazakhmys. JSC "BCC Invest" also noted the following important events in the Kazakhstan market: - The greatest industrial growth in the CIS in January-February 2010 compared to the same period in 2009 registered in Kyrgyzstan, where he was 105.8%, said Friday Interstate Statistical Committee of CIS. In STAT explained that the two-fold growth of industry in Kyrgyzstan is connected with the beginning of active development gold-copper field Bozymchak. In Tajikistan, the growth of industrial production for 2 months in 2010 amounted to 15.0% from January-February 2009, in Kazakhstan - 10.4%, in Armenia - 9.4%, Ukraine - 8.8% and Azerbaijan - 6.7%. In Russia, industrial production in January-February 2010 increased by 5.8%, in Belarus - 4.2%, in Moldova - 4.1%. STAT does not possess information on industrial output in January-February in Turkmenistan and Uzbekistan. The maximum annual inflation among the CIS countries in January-February was recorded in Ukraine - 11.3% in January-February 2009. In Armenia, prices grew by 8.2%. In Russia the annual inflation in January-February 2010 amounted to 7.6%. In Kazakhstan, the price of the annual comparison increased during January and February by 7.4%, Belarus - 6.2%, in Tajikistan - 5.4%, in Moldova - on 4.4%, Azerbaijan - 2.8%, in Kyrgyzstan - 1.8%. On average, countries of the Commonwealth's industrial output in January- February increased by 7%, cargo transportation - by 3%, retail trade turnover - by 1%. In January-February 2010 compared with January- February 2009, the average for CIS countries, consumer prices rose by 8%. Analysts of JSC "BCC Invest" also expect the following developments in international markets: - on Russian markets beginning this week will be rich in macro-economic developments. The greatest interest will be data on inflation in March and PMI index for the same period. In terms of corporate events of greatest interest will be publishing a report for the year 2009 according to International Financial Reporting Standards (IFRS) of the company "Magnitogorsk Iron and Steel Works (MMK). At the opening of today's trading analytics JSC "BCC Invest" expect a positive market sentiment, supported growth of quotations of Asian markets. Nevertheless, given that Russian stocks rose seven previous trading sessions in a row, AO "BCC Invest" does not anticipate that today's increase in the indices will be significant. - on European markets on Monday, bidding will be closed. - on the U.S. markets will be released in the February data on uncompleted sales real estate market and the composite index of business activity in the ISM service sector in March. In addition, the expected next primary placement of short-term treasury bonds with different maturities and 10-year indexed government securities, linked to inflation (TIPS). Particular attention will attract investors' meeting of heads of the Fed, which would discuss the level of the discount rate. In February, the central bank has already raised the figure to 0.25%, which caused the resonance in the market risk instruments. 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 670 695 +3.66 Hold KKGBp 269.50 347 Hold Halyk Bank HSBK 395 335 -15.32 Sell Bank CenterCredit CCBN 755 777 +2.91 Hold Tsesnabank TSBN 940 737 -21.60 Cut KazMunaiGaz RDGZ 21,600.01 20,300 -6.20 Hold Kazakhmys PLC GB_KZMS 3,450 3,559 +3.16 Hold ENRC PLC GB_ENRC 2,650 2,642 -0.30 Hold Kazakhtelekom KZTK 16,990 17,800 +4.77 Hold KZTKp 7,801 10,300 +32.03 Buy MREK MREK 960 800 -16.67 Cut ---------------------------------------------------------------------- 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. [2010-04-05]