Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for July 27, 2010

/IRBIS. July 27, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for July 27, 2010. Analysts of JSC "BCC Invest" now expects divergent mixed dynamics of stock price movement on KASE on the background of multidirectional closing on the shares and GDRs of Kazakhstan issuers yesterday in London. The market should take a pause and consolidate the achieved levels for further growth. There may be some correction, but probably it will not be very deep. Investors, take an active trading strategy, analysts of JSC "BCC Invest" recommends to take profits in the shares of KMG EP, ENRC and Kazakhmys, with a view to later cheaper re-enter. JSC BCC Invest also note the following important events in world market: - Russian market is likely to tender will be opened in a neutral, and further dynamics of the market in the future will depend on the trading in Europe and the USA. - European markets will report to UBS AG, Deutsche Bank AG, Danone, BP PLC, Daimler AG and several other companies of different capitalization. - U.S. market will be published values of house price indices from S&P/CaseShiller, as well as the index of consumer confidence and the index of manufacturing activity FRB Richmond. In the U.S., will report to US Steel Corp., AK Steel Holding Corp., CIT Group Inc., And several other companies of different capitalization. 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 365 479 +31.23 Neutral KKGBp 209 335 +60.29 Buy Halyk Bank HSBK 310 386 +24.52 Buy Bank CenterCredit CCBN 520 734 +41.15 Buy Tsesnabank TSBN 970 737 -24.02 Cut KazMunaiGaz RDGZ 17,200 Review Kazakhmys PLC GB_KZMS 2,780 3,135 +12.77 Hold ENRC PLC GB_ENRC 2,100 2,638 +25.62 Buy Kazakhtelekom KZTK 14,900 19,200 +28.86 Buy KZTKp 7,100 9,300 +30.99 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. [2010-07-27]