Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for August 13, 2010

/IRBIS. August 13, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for August 13, 2010. Analysts of JSC "BCC Invest" are once again expecting mixed multidirectional opening trades at KASE. The selling could continue for the reduction of shares and depository receipts on the eve of Kazakhstan issuers in London. However, according to JSC "BCC Invest", the activity on the local market will be weak today in anticipation of the weekend, and KASE index on the day will not change. .JSC BCC Invest also notes the following important events in the Kazakhstan market: - Agency of the Republic of Kazakhstan on statistics published summary of the socio-economic development of the Republic of Kazakhstan in January-July 2010. The growth of short-term economic indicator was 9.2%. Short-term economic indicator in January-July 2010 to January-July 2009 amounted to 109.2%. Calculation of short-term economic indicator is carried out to ensure efficiency and is based on the change in the indices release of the basic sectors: agriculture, industry, construction, trade, transport and communication, constituting 67-68% of GDP. Industrial output in January-July 2010 amounted to KZT6,474.7 billion in current prices, that is 11% more than in January-July 2009. In mining and quarrying production rose by 5.8%, processing industry - 19.4%, electricity, gas, steam and air conditioning - by 8.1%, water: sewer system, control over the collection and distribution of waste - 6.7%. The volume of gross agricultural output in January-July 2010 amounted to KZT460.0 billion, an increase of 1.3% compared to January-July 2009. Investment in fixed assets in January-July 2010 amounted to KZT2,257.6 billion, or 2.9% less than the same period last year. The volume of cargo in January-July 2010 amounted to 201.3 billion ton- kilometers (estimating the volume of freight non-transport organizations and businesses involved in commercial transport) and increased by 10.4% compared with the corresponding period in 2009. The volume of retail turnover for the period totaled KZT1,589,968.7 million (without VAT catering) and increased by 13.3% compared with January-July 2009. The volume of wholesale trade turnover for the reporting period amounted to KZT 3,890,727.5 million and increased by 13.5% compared with January-July 2009. The range of services to provide food and beverages during the reporting period amounted to KZT74,617.7 million, an increase of 7.5% compared with January-July 2009. Consumer price index in July 2010 compared to December 2009 amounted to 104.6%. Prices for foodstuffs increased by 5.6%, non- food - at 3%, paid services - by 4.8%. Prices of enterprises producing industrial products in July 2010 compared with December 2009 increased by - 2.5%. The gross domestic product, according to updated information, for 1 half of 2010 amounted at current prices KZT8,733.0 billion. Compared with the same period in 2009, real GDP grew by 8.0%. In the GDP share of manufacturing goods was 40.5%, services - 56.8%. Foreign trade turnover of Kazakhstan (the data of Customs Control Committee of the Ministry of Finance of the Republic of Kazakhstan, excluding non-organized trade) in January-June 2010 was 42,539.5 million and the USA in comparison with January-June 2009 increased by 40.1%, in including export - U.S. $ 29,579.8 million (on 72.2% increase) and import - 12,959.7 million U.S. dollars (1.8% less). JSC BCC Invest also note the following important events in world market: - in Russia is scheduled for release weekly data on the state of the monetary base in narrow definition of the ruble. On Friday also released a financial report of companies Novatek OJSC and Bashneft on various accounting standards. At the opening of today's trading analytics JSC "BCC Invest" offers a neutral mood in the market against a background of moderately negative closing of the day in the U.S. before and a small growth of the Asian market at the moment. - in Europe come out preliminary data on GDP growth in Germany and the region in the second quarter. In addition, investors will be watching the data on the trade balance in the region in June. - In the U.S. there are data on the state of the country's inflation for July, retail sales during the same period, as well as the index of consumer sentiment from the University of Michigan in August and the data on the growth of commercial stocks in June. 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 410 479 +16.63 Neutral KKGBp 209 335 +60.29 Buy Halyk Bank HSBK 320 386 +20.63 Buy Bank CenterCredit CCBN 550 734 +33.45 Buy Tsesnabank TSBN 960 737 -23.23 Cut KazMunaiGaz RDGZ 17,699 Review Kazakhmys PLC GB_KZMS 2,770 3,392 +22.45 Hold ENRC PLC GB_ENRC 2,175 2,858 +31.40 Buy Kazakhtelekom KZTK 14,695 19,200 +30.66 Buy KZTKp 7,101 9,300 +30.97 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. [2010-08-13]