Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for August 12, 2010

/IRBIS. August 12, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for August 12, 2010. Analysts of JSC "BCC Invest" are once again expecting mixed multidirectional opening trades at KASE. The selling could continue against the background of the external negative. However, some papers during the day may be a technical rebound after the strong decline in the previous days, which may lead to an inessential change in the index KASE. .JSC BCC Invest also notes the following important events in the Kazakhstan market: - The volume of industrial production, January-July 2010 increased by 11%. In January-July 2010 compared to the same period in 2009 increased production of crude oil, natural gas, coal and lignite, iron ore. There was an increase in food production and refining, textiles, construction materials, metallurgy, chemical industry and mechanical engineering. The increase in production was observed in all regions of the republic. - Ministry of Finance of Kazakhstan placed on the KASE on August 11 on 10.0 million MEOKAM-36 release in 1981 under 3.70% per annum August 11, 2010 in the trade system of KASE trades in a specialized medium-term placement of government treasury bills of the Ministry of Finance of the Republic of Kazakhstan MEOKAM-36 production from 1981 maturity of 3 years (1080 days) and the coupon rate of 2 times a year. The volume of placement was 10 million bonds worth KZT10 billion (100% of plan), coupon rate - 3.7% per annum. In the total volume of active bids on pension market entities had 9.1%, the share of top tier Kazakh banks (BWI) - 79.2%, broker-dealers - 0.7% of their customers - 11.0%. According to data of the Central Securities Depository all deals on accommodation MEOKAM-36 output 81 to the end of the calculations based on trades executed. 16.5% of the total volume of placed bonds purchased by entities pension market, 74.5% - BWI, 9.0% - by customers of broker-dealers. - August 13, 2010 in the trade system of KASE held special auctions on placement of government medium-term treasury bills of the Ministry of Finance of the Republic of Kazakhstan MEOKAM-60 release of 35 with maturity of 5 years (1800 days) and the frequency of coupon payment 2 times a year. Declared amount of placement - KZT10,000 million. The subject of bargaining will be the coupon rate percent per annum of the nominal value of the bond, expressed to second decimal place. JSC BCC Invest also note the following important events in world market: - Russia will come in regular data as reserves in U.S. dollars the previous Friday. At the opening of trade on Thursday analysts of JSC "BCC Invest" expects adverse market dynamics on the background of the sharp fall in the U.S. stock market yesterday. A wave of selling in Asia likely will also contribute to the continued correction in Russia. - In Europe there are data on the growth of industrial production in the region in June. - in the U.S. are data on weekly unemployment and the price index for imports in July. The rest of the macroeconomic statistics will be relevant when significant departures from the predictions. In the corporate sector are expected to publish financial statements of companies with medium and small 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 420 479 +14.05 Neutral KKGBp 209 335 +60.29 Buy Halyk Bank HSBK 320 386 +20.63 Buy Bank CenterCredit CCBN 555 734 +32.25 Buy Tsesnabank TSBN 960 737 -23.23 Cut KazMunaiGaz RDGZ 17,601 Review Kazakhmys PLC GB_KZMS 2,950 3,392 +14.98 Hold ENRC PLC GB_ENRC 2,175 2,858 +31.40 Buy Kazakhtelekom KZTK 14,749 19,200 +30.18 Buy KZTKp 7,425 9,300 +25.25 Buy MREK MREK 1,100 1,130 +2.73 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. [2010-08-12]