Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for August 16, 2010

/IRBIS. August 16, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for August 16, 2010. Analysts of JSC "BCC Invest" is once again expect a negative open trades at KASE on a background of falling prices of shares and depository receipts of companies in Kazakhstan in London on Friday. The dynamics of trades during the day, according to JSC "BCC Invest", will now uncertain, and KASE index on the day will not change. .JSC BCC Invest also notes the following important events in the Kazakhstan market: - Ministry of Finance of Kazakhstan placed on the KASE on August 13 10,0 million MEOKAM-60 Release 35 (KZK2KY050351) at 4.80% per annum. August 13, 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-60 release in 1935 with maturity of 5 years (1800 days) and frequency of coupon payment 2 times a year. The volume of requests met by 10 million bonds worth KZT10 billion (100% of plan), coupon rate - 4.80% per annum. In total active bids on pension market entities had 25.3%, the share of Kazakhstan's second-tier banks (BWI) - 61.6%, clients BWI - 8.3%, broker-dealers - 1.0%, their customers - 3.8%. According to data of the Central Securities Depository all deals on accommodation MEOKAM-60 output 35 to the end of the calculations based on trades executed. 28.6% of the total volume of placed bonds purchased by pension market subjects, 46.2% - BWI, 20.1% - clients of BWI, 5.1% - clients of broker-dealers. Sold by the Ministry of Finance MEOKAM automatically admitted to trading on the secondary market of KASE under the table trading code MOM060_0035. This bond must be quoted in the trade system of KASE in net prices. JSC BCC Invest also note the following important events in world market: - In Russia any important macroeconomic publications or corporate events are expected. At the opening of trading on Monday, analysts JSC "BCC Invest" does not expect significant changes in the market against a background of mixed trends of trades in Asia at the time of melon. - In Europe, significant macroeconomic publications are not expected, so investors will switch their attention to events from across the ocean. In addition, today released the financial report of the company China Mobile, which also can affect the mood of investors. - In the U.S. there is data on inflows of foreign capital in June, and the index of business expectations in the construction sector in August. 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 330 386 +16.97 Buy Bank CenterCredit CCBN 550 734 +33.45 Buy Tsesnabank TSBN 960 737 -23.23 Cut KazMunaiGaz RDGZ 17,400 22,300 +28.16 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 14,500 19,200 +32.41 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. [2010-08-16]