Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for April 26, 2010

/IRBIS, April 26, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for April 26, 2010. "BCC Invest" JSC Analysts expected today on the Kazakhstan stock market technical rebound up after a five-day decline against the background of the positive closing in the U.S. on Friday and positive on the bidding in Asia and the commodities markets. Today at 19:00by Almaty time management of Kazkommertsbank will hold a conference call on 2009 reports Also BCC Invest JSC notes the following important events in the Kazakhstan market: - Money supply in Kazakhstan in March 2010 increased by 1.4% to KZT7,758.5 billion, informed National Bank of Kazakhstan. According to the National Bank, since the beginning of this year, money supply grew by 5%. The volume of cash in circulation for March rose by 1.8% to KZT898.2 billion (from the beginning of the year - a decline of 1.7%). Meanwhile, the monetary base (reserve money) for March increased by 3.1% to KZT2,736.3 billion (from the beginning of the year - by 11.6%). Narrow monetary base (excluding time deposits of banks in the second level in National Bank) shrank by 0.7% to KZT2,027.1 billion (the beginning of the year - increased by 3.3%). "BCC Invest" JSC Analysts also expect the following developments in international markets: - on Russian markets macro-economic statistics are not expected, so the players will switch their attention to corporate events, and news from abroad. Thus, Sistema will publish its financial statements for the last year by American standards US GAAP, a Moscow Interbank Currency Exchange will introduce a new base the calculation of its index, which will be valid from April 26 to October 22, 2010. At the opening of trading on Monday, analysts JSC "BCC Invest expect the upward trend late last trading session to continue. The reason for the purchases is likely to be a positive external background with Asia and the USA. - European markets first working day of the week will be traditionally chary of macroeconomic statistics; therefore, significant publications are expected. - On U.S.A. markets in the absence of macroeconomic publications in the beginning of the week, investors will watch for a continuation of corporate reporting season, which is expected to announce quarterly results of companies such as Canon, Caterpillar Inc. etc. 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 621 695 +11.84 Hold KKGBp 259.99 347 +33.58 Hold Halyk Bank HSBK 353.02 330 -6.52 Sell Bank CenterCredit CCBN 712 777 +9.13 Hold Tsesnabank TSBN 940 737 -21.60 Cut KazMunaiGaz RDGZ 22,100 20,300 -8.14 Sell Kazakhmys PLC GB_KZMS 3,200 3,559 +11.22 Neutral ENRC PLC GB_ENRC 2,650 2,642 -0.30 Hold Kazakhtelekom KZTK 16,450 17,800 +8.21 Hold KZTKp 7,700 10,300 +33.77 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. [2010-04-26]