Market reviews and recommendations of "BCC Invest" JSC (Kazakhstan) analysts for April 13, 2010

/IRBIS, April 13, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for April 13, 2010. Analysts JSC "BCC Invest" expected today on the Kazakhstan stock market a small correction on the background of the negative flow of trading in Asia and reduction in the commodity markets Today JSC "BCC Invest" published a review of "The stock market: a strategy for the second quarter, which presented a model portfolio of stocks based on an index KASE, as well as a proposal for investing in international markets through the ETF. JSC "BCC Invest" also noted the following important events in Kazakhstan's market: - April 14, 2010 in the trade system of KASE held special auctions on placement of short-term treasury bills of the Ministry of Finance of the Republic of Kazakhstan MEKKAM-12 106 issue. The planned volume of accommodation - KZT15 billion. Analysts JSC "BCC Invest" also expect the following developments in international markets: - On Russian markets again not expected macroeconomic publications. Corporate events also will not be happy abundance, so investors will likely follow the news from abroad. At the opening of trading today, JSC "BCC Invest" expects that the dynamics of the market will be negative pressure outside of Asian background. In addition, the morning decrease in quotations of futures for U.S. indices and oil may put additional pressure on the Russian market. - On European markets is expected to announce the March inflation data in Germany and France, as well as the UK trade balance for February, which is expected to be deficit of 3 billion pounds. In addition, the expected output price index for wholesale goods in Germany in March. On the debt market today, the greatest interest will be placement of government bonds for Greece, aimed to cover the running costs on state debt. Interest will be rather than accommodation itself and the desire to buy such securities, as during previous offerings, demand was very low. - On the U.S. markets are data on the trade balance of the country in February, as well as the index of import prices for March, which is expected to reach a one percent increase. Also, today is expected to yield data on the storage reserves of oil and oil products from API (American Petroleum Institute). 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 363 335 -7.85 Sell Bank CenterCredit CCBN 735 777 +5.71 Hold Tsesnabank TSBN 940 737 -21.60 Cut KazMunaiGaz RDGZ 22.201 20.300 -8.56 Hold Kazakhmys PLC GB_KZMS 3.400 3.559 +4.68 Neutral ENRC PLC GB_ENRC 2.800 2.642 -5.64 Hold Kazakhtelekom KZTK 16.850 17.800 +5.64 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. [2010-04-13]