Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for April 15, 2010

16.04.10 19:12
/IRBIS, April 15, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for April 15, 2010. Analysts JSC "BCC Invest" expected today on the Kazakhstan stock market correction on the background of pessimism in the Asian markets. According to JSC "BCC Invest", even the chances are good reporting Bank of America Corporation and General Electric Company will not affect the bidding, because by that time, KASE is already closed. JSC "BCC Invest" also notes the following important events in the Kazakhstan market: Japan International Cooperation Agency (JICA) will provide a loan of 6.361 billion Japanese yen for the implementation of the Kazakh part of the project of building a transcontinental auto corridor "Western Europe-Western China," according to the Ministry of Transport and Communications of Kazakhstan. On Thursday, in Astana were discussed Schemes by Mr. Katsuhiko Kamiya Deputy Director JICA Chairman with Mr. Dulatov Kuterbekovym the Vice Minister of Transport and Communications. These funds, according to the press service, will be used for reconstruction of the 20-kilometer stretch of road (383-404 km of the Kazakh leg autocorridor "Western Europe-Western China") in the Zhambyl region (the south) with its translation into I technical category. Analysts JSC "BCC Invest" also expect the following developments in international markets: - At the Russian market is expected to publish the index of producer prices in March, and the state of the monetary base at the beginning of the week. Among corporate events, withdrawal of significant news is expected. Long overdue fix arrived today may manifest itself in all sectors on the background of negative traded securities in Asia, so today's trading day, the Russian market, will probably start to decline. - On European markets is expected to yield data on the trade balance for February, the balance of which at this time is expected in surplus. In addition to the data the trade balance, at about the same time, will the value of consumer prices for March, which is expected the same increase as in the previous month. - On the U.S. markets is expected to yield data on the growth of new buildings in the country in March, as well as consumer sentiment index from the University of Michigan in April, which is expected to increase to 1.4 points. 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 677 695 +2.58 Hold KKGBp 260 347 +33.58 Hold Halyk Bank HSBK 380 330 -13.16 Sell Bank CenterCredit CCBN 715 777 +8.67 Hold Tsesnabank TSBN 940 737 -21.60 Cut KazMunaiGaz RDGZ 22,300 20,300 -8.97 Hold Kazakhmys PLC GB_KZMS 3,472 3,559 +2.51 Neutral ENRC PLC GB_ENRC 2,750 2,642 -3.93 Hold Kazakhtelekom KZTK 16,850 17,800 +5.64 Hold KZTKp 7,750 10,300 +32.90 Buy MREK MREK 910 800 -12.09 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. [2010-04-16]