Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for May 13, 2010

/IRBIS, May 13, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for May 13, 2010. Analysts of JSC "BCC Invest" at the opening of trading today, expect growth of quotations of shares at KASE behind their foreign counterparts, who may be able to keep until the end of the day. Shares ENRC PLC and Kazakhmys PLC yesterday on the London Stock Exchange rose - 3.6% and 1.81%. Yesterday Depositary Receipts of Halyk Bank, Kazkommertsbank and KMG in London have risen - on 0.75%, 2.52% and 3.4% respectively. Positive closing trades in Europe and the U.S. yesterday and optimism in Asia today should support the Kazakh market shares. Analysts JSC BCC Invest also expect the following developments in international markets: - Russian markets are now expected to publish data on the status of international reserves in U.S. dollars at the end of last week and weekly inflation. At the opening of trading on Thursday, analysts JSC "BCC Invest" forward to continuing rebound upward, which can occur with the support of the external background from Asia. In addition, yesterday's rise in U.S. stock markets may also contribute to purchases. Nevertheless, because of too sharp rise in the Russian market the first two trading days; analysts do not expect that today the major indexes show an equally significant growth. - Continental Europe today will rest in connection with the feast of the Assumption, so the main events of the day is worth mentioning the publication of a monthly report of the European Central Bank's monetary policy in the region. In Britain today there are data on consumer confidence index for April, as well as the trade surplus in March. - U.S. market is now expected to publish regular data on the status of the primary applications for unemployment benefits for the week, as well as the values of the index of import prices in April. Also, today is expected to head the U.S. Federal Reserve statement. 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 500 623 +24.60 Hold KKGBp 271 312 +15.13 Hold Halyk Bank HSBK 325 330 +1.54 Hold Bank CenterCredit CCBN 566.50 777 +37.16 Buy Tsesnabank TSBN 941 737 -21.68 Cut KazMunaiGaz RDGZ 19,300 20,300 +5.18 Hold Kazakhmys PLC GB_KZMS 2,900 3,559 +22.72 Buy ENRC PLC GB_ENRC 2,400 2,642 +10.08 Hold Kazakhtelekom KZTK 13,890 17,800 +28.15 Hold KZTKp 6,000 10,300 +71.67 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. [2010-05-13]