Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for May 4, 2010

/IRBIS, May 4, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for May 4, 2010. Today Analysts of JSC BCC Invest expected on the Kazakhstan stock market recovery to continue in Kazakhstan's market share after the weekend against the backdrop of yesterday's positive close of business in the U.S.A. and growth in the commodity markets. Analysts of JSC BCC Invest recommend investors continue to cautiously increase the position on the shares for the long term. JSC BCC Invest also notes the following important events in the Kazakhstan market: - Kazakhstan Stock Exchange (KASE) informs that on May 5, 2010 in the trade system of KASE held special auctions on placement of government treasury bonds, Ministry of Finance of the Republic of Kazakhstan MEUKAM-144 1 issue. Declared amount of placement of KZT10 billion. - Inflation in Kazakhstan amounted to 0.7% in April 2010; it's reported by the State Agency for Statistics. Food prices in April rose by 1%, non-food goods - by 0.4%, paid services - by 0.4%. Meanwhile, the annual inflation rate (April 2010 to April 2009) amounted to 7.1%, while food prices grew by 5.3%, non - by 6.3%, paid services - 10.2%. Average same inflation (January-April 2010 compared to January-April 2009) amounted to 7.2%. Groceries in January-April 2010 compared to the same period last year grew by 4,8%, nonfood goods - by 7.6%, services - by 10.3%. At the food market in the past month the price increase observed for fruits and vegetables at 3.5%, eggs - 2.7%, tea - by 2.2%, confectionery products - by 1.6%, meat products - 1.4 %, sugar - by 1.1%. Falling prices fixed at 1.7% flour, milk, and fresh - by 1.3%, pasta - by 0.9%, rice - on 0.8%, cereals - by 0.4%. Cement prices rose by 1.7%, tobacco products - by 1.2%, pharmaceutical products - by 0.8%, cleaning products, books and newspapers - 0.7%, personal care - to 0.6%, household items, clothing and footwear - by 0.5%. The increase in prices for health services amounted to 1.5%, restaurants and hotels -1%, hairdressing and personal care facilities - 0.8%, culture - 0.7%. In the field of housing and communal services payment for garbage collection, housing maintenance has increased by 1.3%, electricity and hot water - by 0.2%. Analysts JSC "BCC Invest" offers also following developments in international markets: - on the Russian markets at the opening of today's trading is expected neutral positive mood accompanied by yesterday's increased U.S. market. Nevertheless, most likely that the uncertainty of trading in China and Australia at the moment, will not contribute to a significant increase in the Russian market. - on European markets are expected to publish data on the growth of retail sales growth in Germany and Euro zone producer price index in March, as well as the manufacturing PMI index of the UK in April. 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 610 695 +13.85 Hold KKGBp 260 347 +33.58 Hold Halyk Bank HSBK 355 330 -7.04 Sell Bank CenterCredit CCBN 652 777 +19.17 Hold Tsesnabank TSBN 951 737 -22.50 Cut KazMunaiGaz RDGZ 22,000 20,300 -7.73 Sell Kazakhmys PLC GB_KZMS 3,220 3,559 +10.53 Neutral ENRC PLC GB_ENRC 2,800 2,642 -5.64 Hold Kazakhtelekom KZTK 15,600 17,800 +14.10 Hold KZTKp 6,600 10,300 +56.06 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. [2010-05-04]