Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for April 28, 2010

/IRBIS, April 28, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for April 28, 2010. Today JSC BCC Invest Analysts expected on the Kazakhstan stock market crash of quotations across the virtually entire spectrum of the market at a particularly negative closing in Europe and United States and lower in the commodities markets. Leaders in the fall, according to JSC "BCC Invest", may become commodity stocks, especially shares of Kazakhmys PLC (GB_KZMS), which on the eve of the London hit by more than 6%. JSC "BCC Invest" Analysts recommend investors to make money and make purchases on much cheapened shares, and an opportunity time for which may come at the end of the week JSC BCC Invest also notes the following important events in the Kazakhstan market: - The growth of GDP in Kazakhstan in January-March of this year amounted to 6.6%, compared to the same period in 2009 informed Mr. Nursultan Nazarbayev President of RK. "In the first quarter of this year, Kazakhstan's GDP increased by 6.6%, (...) and for a half times increased volume of the production, income level, population grew by 14 times", - said Mr. Nursultan Nazarbayev, on the IX Eurasian Media Forum speech on Tuesday in Almaty. "Kazakhstan, along with other countries has passed a serious test of the global crisis. Meanwhile, we had a good race together. We did not ask for help from international financial organizations. We have to use their accumulated funds," - he stressed. Kazakhstan's GDP in 2009 rose by 1.2%. According to the latest projections of the Government of Kazakhstan, the republic's GDP growth this year will be 2%. However, the forecast GDP growth in 2010 will be revised upwards stated Mrs. Zhanar Aitzhanova Minister of Economic Development and Trade. Analysts JSC "BCC Invest" also expect the following developments in international markets: - on Russian markets on macroeconomic developments today it is worth noting the publication of data to weekly inflation at the beginning of the week. From the corporate news is worth noting the planned discussion of the gas monopoly CJSC Gazprom, the Italian ENI further steps in developing the project "YuzhnyyPotok". On Wednesday, on the opening of trading, JSC "BCC Invest" analysts expect adverse market dynamics on the background of yesterday's and todays global reduction of the negative trading in Asia. Nevertheless, in the absence of a collapse of quotations of oil is likely to fall in Russian securities will not be as significant. - on European markets the main event in terms of macroeconomic statistics today will be the publication of the euro area consumer price index for April, which is expected to reach 0.2%. - on U.S.A. markets on investor sentiment today may influence the decision of the Federal Reserve at the refinancing rate, to be exact comments made by members of the Federal Committee on Open Market (FOMC) on the further development of monetary policy control. Investors in commodity markets may be interested in statistics on a weekly oil and petroleum products. 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, Recom- code price % endation ----------------- ------- ---------- ------ ---------------- --------- Kazkommertsbank KKGB 610 695 +13.58 Hold KKGBp 260 347 +33.58 Hold Halyk Bank HSBK 350 330 -5.71 Sell Bank CenterCredit CCBN 652 777 +19.17 Hold Tsesnabank TSBN 941 737 -21.68 Cut KazMunaiGaz RDGZ 22,500 20,300 -9.78 Sell Kazakhmys PLC GB_KZMS 3,240 3,559 +9.85 Neutral ENRC PLC GB_ENRC 2,750 2,642 -3.93 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. [2010-04-28]