Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for April 12, 2010

/IRBIS, April 12, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for April 12, 2010. Analysts JSC "BCC Invest" expected today on the Kazakhstan stock market positive start to the week on a background of optimism in trading in Asia and growth in the commodity markets. JSC "BCC Invest" also notes the following important events in the Kazakhstan market: - On Friday, April 9 of this year, the company ZhaikMunai LP released preliminary financial results for the year 2009. Today at 14:00 London time held a teleconference in 2009, conducted by representatives of company management. According to JSC "BCC Invest", reporting itself weakly affect the dynamics of quotations of depositary receipts ZhaikMunai LP. Greater attention will be paid investors a teleconference, which is expected to guide the company will shed light on the production and operating plans for the current year, as well as the progress of major infrastructure projects. Based on published data, as well as the results of a teleconference, analysts JSC "BCC Invest" to rethink their assessment model depository receipts ZhaikMunai LP and will soon publish a new survey by the company with an updated recommendation and target price. Analysts JSC "BCC Invest" also expect the following developments in international markets: - On Russian markets will not publish any of macroeconomic statistics, so investors will be watching for corporate events, where they continue to go out annual reports for the last year under IFRS. At the opening of today's trading in Russia is expected to continue encouraging the previous trading session, supported by favorable external background with the stock exchanges in Asia, as well as the growth of futures on major U.S. indices. In addition, the morning increase in oil product market should also provide essential support for Russian securities. - On European markets today, the major economic events of the day will be the publication of data on the growth of industrial production in Italy in February. In the UK release of important economic statistics are not expected. - On the U.S. markets started the week will be traditionally sparingly on macroeconomic developments, and the only important publication will yield data on the state treasury of the U.S. budget for March. 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 365.10 330 -9.61 Sell Bank CenterCredit CCBN 735 777 +5.71 Hold Tsesnabank TSBN 940 737 -21.60 Cut KazMunaiGaz RDGZ 22,400 20,300 -9.38 Hold Kazakhmys PLC GB_KZMS 3,500 3,559 +1.69 Neutral ENRC PLC GB_ENRC 2,710 2,642 -2.51 Hold Kazakhtelekom KZTK 16,700 17,800 +6.59 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. [2010-04-12]