Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for April 8, 2010

/IRBIS, April 8, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for April 8, 2010. Analysts of joint-stock company "BCC Invest" against yesterday's decrease at the auctions in Europe and the USA and also at the Asian stock exchanges expect today pessimism in the Kazakhstan share market correction practically under all actions entering into index KASE, behind an exception, maybe, simple and preference shares of joint-stock company "Kazakhtelecom" which already are on local minima. Correction has technically ripened for a long time already. On market decrease how many will be strongl depend on mood at the western stock exchanges, first of all, in London and New York. Joint-stock companies "BCC Invest" also mark following significant events in the Kazakhstan market: - On April 7, 2010 in trading system KASE the specialized auctions on placing of the state intermediate term exchequer obligations of the Ministry of Finance of Republic Kazakhstan МЕОКАМ-60 33 releases have taken place. The placing volume has made KZT13 billion (100 % from the plan), the coupon rate - 4.40 % annual. Analysts of joint-stock company "BCC Invest" expect also following events in the international markets: - in the Russian markets from economic events which are expected today, it is necessary to note the publication of the data about a condition of the international reserves of the country in US dollars on the end of last week. Continuation of publications of financial reports for the last year the various companies with the further comments of their management Besides, is expected. At opening of the auctions of analytics of joint-stock company "BCC Invest" continuation of correctional movement of the Russian market under the influence of negatively bargaining Asian and American indexes expect. - in the European markets the exit of a considerable quantity of the macroeconomic statistics most interesting of which will be publications of retails of the Euro zone in February and industrial production of Germany and Great Britain for the similar period is expected. At today's sessions ЕЦБ and Bank of England of analytics do not expect any changes under refinancing rates, however more interest will be represented by performances of heads of the Central Banks on which any clearness concerning terms of the beginning of toughening of a monetary and credit policy of regulators will be probably brought. - in the markets of the USA the exit of the data under primary demands for unemployment benefits for a week which are expected at level 435 th. will be the most interesting event of Thursday. Other statistics will have interest in case of essential divergences with forecasts. Besides, today will pass the next placing of long-term exchequer bonds (this time 30 summer) 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 635.01 695 +9.37 Hold KKGBp 260 347 +33.58 Hold Halyk Bank HSBK 380 335 -11.97 Sell Bank CenterCredit CCBN 735.01 777 +5.71 Hold Tsesnabank TSBN 940 737 -21.60 Cut KazMunaiGaz RDGZ 22,000 20,300 -7.73 Hold Kazakhmys PLC GB_KZMS 3,580 3,559 -0.59 Neutral ENRC PLC GB_ENRC 2,800 2,642 -5.64 Hold Kazakhtelekom KZTK 16,900 17,800 +5.33 Hold KZTKp 7,800 10,300 +32.05 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. [2010-04-08]