Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for June 15, 2010

/IRBIS, June 15, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for June 15, 2010. Analysts of JSC "BCC Invest" today expect moderately positive opening trades at KASE. Then, according to the proposals of JSC "BCC Invest", will experience the dynamics of mixed traffic quotations on KASE, which is likely to continue until the end of the day, and KASE index closes in a little black. JSC BCC Invest also note the following important events in Kazakhstan's market: - June 16, 2010 in the trade system of KASE held special auctions on placement of short-term treasury bills of the Ministry of Finance of the Republic of Kazakhstan MEKKAM-12 release 108 with maturity of 12 months (365 days). Declared amount of placement - KZT12 billion. Discount bonds, negotiable are the price of bonds as a percentage of par values. These bonds will be admitted to trading on KASE under the trading code MKM012_0108. Analysts JSC BCC Invest also expect the following developments in international markets: - Russian market is expected to moderately positive opening of trading on the MICEX and RTS with a slightly favorable external background. - European markets should pay attention to the publication of financial statements of Heidelberger Druckmaschinen AG. - U.S. market is expected to address by Mr. James Bullard the President of the Federal Reserve Bank of St. Louis. Today on the emerging statistics is worth mentioning the publication of the production index Empire Manufacturing from the Federal Reserve Bank of New York in June. Previous value - 19.1, in June analysts expect the index at 20.0 points 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 440 479 +8.86 Neutral KKGBp 240 335 +39.58 Buy Halyk Bank HSBK 300 366 +28.67 Buy Bank CenterCredit CCBN 555 734 +32.25 Buy Tsesnabank TSBN 941 737 -21.68 Cut KazMunaiGaz RDGZ 18,800 21,300 +13.30 Hold Kazakhmys PLC GB_KZMS 2,500 3,559 +42.36 Buy ENRC PLC GB_ENRC 2,200 2,638 +19.91 Buy Kazakhtelekom KZTK 12,510 19,200 +53.48 Buy KZTKp 6,599.99 10,300 +56.06 Buy MREK MREK 1,000 1,130 +13.00 Hold ---------------------------------------------------------------------- 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. [2010-06-15]