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

/IRBIS. September 13, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for September 13, 2010. Analysts of JSC "BCC Invest" now expect positive opening trades at KASE on the background of positive external background, in the first place - from China. Further, during the day dynamics of trading on the local market will be more dependent on investor sentiment in global financial markets. JSC BCC Invest also note the following important events in world market: - In January-August 2010 industrial production in Kazakhstan increased by 10.9%. In the January-August 2010 compared to the same period in 2009 increased production of crude oil, natural gas, iron ore, coal and lignite. 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 15 regions of the republic. Reduce recorded in West Kazakhstan region. - Wages in July 2010 in Kazakhstan compared to the same period last year increased by 10.6% in real terms. In July 2010 the average nominal wage per employee was KZT82,282 and increased compared with the corresponding month last year to 18.0% in real terms by 10.6%. In the sectoral structure, still, the highest salary is saved in the financial and insurance activities - KZT160.7 thousand (1.9 times the average national level), in mining and quarrying - KZT151.9 thousand (1.8 times), in professional, scientific and technical activities - KZT143.2 thousand (1.7 times), in information and communication - KZT130.7 thousand (1.6 times). The lowest wage workers remain in agriculture, forestry and fisheries - KZT35.1 thousand, which is lower than the national average at 57.3%. Regionally, the highest salary saved in the Atyrau oblast - KZT154.0 thousand, which is 1.9 times higher than the average national rate. In North- Kazakhstan region, its value amounted to KZT54.7 thousand, which is 33.5% below the national average. 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 407 479 +17.69 Neutral KKGBp 242 335 +38.43 Buy Halyk Bank HSBK 303 386 +27.39 Buy Bank CenterCredit CCBN 532 646 +21.43 Hold Tsesnabank TSBN 960 1,030 +7.29 Neutral KazMunaiGaz RDGZ 16,000 22,300 +39.38 Buy Kazakhmys PLC GB_KZMS 2,950 3,392 +14.98 Hold ENRC PLC GB_ENRC 1,900 2,858 +50.42 Buy Kazakhtelekom KZTK 14,200 19,200 +35.21 Buy KZTKp 6,750 9,300 +37.78 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. [2010-09-13]