Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for May 25, 2010

/IRBIS, May 25, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for May 25, 2010. Analysts of JSC "BCC Invest" indicate that the shares of ENRC PLC and Kazakhmys PLC on Friday on the London Stock Exchange rose - respectively 0.31% (9.75 pounds) and 1.17% (11.26 pounds). Depositary Receipts Kazkommertsbank in London yesterday fell - by 1.67% ($5.90), Halyk Bank and KMG - grew by 4.11% ($7.34) and 1.30% ($19.50), respectively. Negative closing trades in the U.S. yesterday, and pessimism in Asia today, according to analysts of JSC "BCC Invest", will not give reason for the growth in Kazakhstan's market shares. Analysts expect the opening of trading on KASE mixed dynamics of stock price in the index KASE, which probably will dominate the whole day. Analysts JSC BCC Invest also expect the following developments in international markets: - on Russian markets again today is expected no important macroeconomic publications. Among the corporate actions of today will come the financial statements of companies with different capitalization, which may affect the dynamics of individual securities. The external background today is not conducive to a positive start to the day in Russia, so analysts of JSC "BCC Invest" expect the bidding on Tuesday will begin with a negative. Reduction in Asian stock markets, falling oil prices on the commodity market, as well as the correction of the euro against the dollar - all this will put pressure on the Russian market now. In addition, the continuing concern about debt problems of European countries could also lead investors from risky instruments. - European markets are now expected to yield data on changes in industrial orders in March, which is expected to grow at 0.3%. In the UK will be revised data on GDP growth in the first quarter of this year, which is expected to change in the direction of the minimum increase (from 0.2% to 0.3%). - U.S. market today, there are data on housing price index for March, as well as the Consumer Confidence Index for May. Also, the continuing publication of financial statements of different companies. Despite the fact that the peak season of financial results already passed, the individual sectors may be more influenced by corporate results of smaller capitalization companies. 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 432 623 +44.21 Hold KKGBp 271 312 +15.13 Hold Halyk Bank HSBK 269 330 +22.68 Accumulate Bank CenterCredit CCBN 570 777 +36.32 Buy Tsesnabank TSBN 941 737 -21.68 Cut KazMunaiGaz RDGZ 17,200 21,300 +23.84 Hold Kazakhmys PLC GB_KZMS 2,400 3,559 +48.29 Buy ENRC PLC GB_ENRC 2,178 2,638 +21.12 Buy Kazakhtelekom KZTK 12,750 17,800 +39.61 Hold KZTKp 6,001 10,300 +68.85 Buy MREK MREK 1,000 800 -20.00 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. [2010-05-25]