Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for May 24, 2010

/IRBIS, May 24, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for May 24, 2010. Analysts of JSC "BCC Invest" indicate that the shares of ENRC PLC and Kazakhmys PLC on Friday on the London Stock Exchange jumped up - respectively 4.01% (9.72 pounds) and 2.20% (11.13 pounds). Yesterday Depository Receipts of Kazkommertsbank in London grew up - to 1.69% ($6.00), Halyk Bank and KMG - fell by 4.08% ($7.05) and 1.53% ($19.25), respectively. Positive closing trades in the U.S. on Friday and optimism today in Asia, by our opinion will be catalysts for the rebound from the lows in the Kazakhstan market shares. JSC "BCC Invest" expects a positive opening of trading on KASE, but during the day to change the mood of investors under the influence of external factors. Analysts JSC BCC Invest also expect the following developments in international markets: - on Russian markets today are no important macroeconomic and corporate events are expected, so investors will be more to follow developments from abroad. Week, according to analysts of JSC "BCC Invest", Russia's main indexes start at a moderately optimistic note, with the support of the external background from Asia and the closed positive on the eve of the U.S. market. Nevertheless, analysts do not exclude that the increase will be minimal on the background of concerns for the past few months. - on European markets, today, is not expected a significant macroeconomic statistics. - on U.S. market today, the only important publication will yield data on the volume of sales in the secondary housing market 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 464.20 623 +34.21 Hold KKGBp 271 312 +15.13 Hold Halyk Bank HSBK 260 330 +26.92 Accumulate Bank CenterCredit CCBN 529 777 +46.88 Buy Tsesnabank TSBN 941 737 -21.68 Cut KazMunaiGaz RDGZ 17,800 21,300 +19.66 Hold Kazakhmys PLC GB_KZMS 2,300 3,559 +54.74 Buy ENRC PLC GB_ENRC 2,000 2,638 +31.90 Buy Kazakhtelekom KZTK 13,300 17,800 +33.83 Hold KZTKp 6,001 10,300 +71.64 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. [2010-05-24]