Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for May 18, 2010

/IRBIS, May 18, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for May 18, 2010. Analysts JSC of "BCC Invest" at the opening of trading today, expect mixed dynamics of quotations of shares at KASE. Yesterday shares of ENRC PLC and Kazakhmys PLC on the London Stock Exchange fell - respectively to 1.04% and 2.83%. Yesterday Depositary Receipts of Halyk Bank and Kazkommertsbank in London have fallen too - on 6.92% to 4.86%. KMG GDR rose by 0.55%. The current correction in the market creates opportunities for open positions in the long term. Analysts JSC BCC Invest also expect the following developments in international markets: - By the decision of listing Commission of the Kazakhstan Stock Exchange (KASE) on May 14, 2010 in the official list of KASE on category "Debt securities with a rating grade" includes the following international bonds Bank CenterCredit (Almaty): - XS0243010443 (CCBNe2), XS0245586903 ( CCBNe3), XS0282585859 (CCBNe4) and XS0267377454 (CCBNe5). On the date of entry into force of this decision, listing committee will be announced later after the payment called the issuer of the listing fees. About opening of trading of these bonds on KASE also will be announced. Maintaining the register of holders of the bonds XS0243010443, XS0245586903 XS0267377454, and carries Deutsche Bank Luxembourg SA (Luxembourg, Grand Duchy of Luxembourg), on the bonds XS0282585859 - Deutsche Bank Luxembourg SA (Luxembourg, Grand Duchy of Luxembourg) and Deutsche Bank Trust Company Americas (New York, USA). The payment agent for bonds XS0243010443, XS0245586903 XS0267377454, and Deutsche Bank AG, London Branch (London, United Kingdom), bonds XS0282585859 - Deutsche Bank AG, London Branch (London, United Kingdom) and Deutsche Bank Trust Company Americas (New York, USA). According to analysts of JSC "BCC Invest" these news are neutral for the stock price of the bank, since it corresponds to earlier statements. Analysts JSC BCC Invest also expect the following developments in international markets: - on Russian markets are now expected data yield on the volume of real industrial production in April, as well as an increase in producer prices over the same period. In addition, as noted above, today Norilsk Nickel "will publish a financial report for the year 2009 according to IFRS. Also, the mining company will hold in London postponed "Investor Day", which will provide analysts and investors the prospects of the company. At the opening of trading on Tuesday, analysts of JSC "BCC Invest" does not expect the presence of pronounced dynamics of major stock indicators against the background of multi-directional sentiment in the United States yesterday. However, analysts do not exclude a significant increase, which may occur with the support of a favorable external background from Japan and China. - European markets are now expected to yield data on the value of the index of economic expectations ZEW in May, the consumer price index in April, as well as the trade balance for March. In the UK, will be published inflation data for April. In addition, the continuing publication of financial statements of various companies, among which are the output of financial data company Vodafone Group PLC. - U.S. market today is data on producer price index in April, as well as the volume of new buildings and other statistics on the real estate market over the same period. Season reporting will continue to publish the results of such companies as Hewlett-Packard, Wal-Mart Stores 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 480 623 +29.79 Hold KKGBp 271 312 +15.13 Hold Halyk Bank HSBK 310 330 +6.45 Hold Bank CenterCredit CCBN 570 777 +36.32 Buy Tsesnabank TSBN 941 737 -21.68 Cut KazMunaiGaz RDGZ 19,300 21,300 +10.36 Hold Kazakhmys PLC GB_KZMS 2,740 3,559 +29.89 Buy ENRC PLC GB_ENRC 2,400 2,642 +10.08 Hold Kazakhtelekom KZTK 13,400 17,800 +32.84 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. [2010-05-18]