Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for September 20, 2010

/IRBIS. September 20, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for September 20, 2010. Analysts of JSC "BCC Invest" is once again expecting a mixed multi-directional opening trades at KASE on the background of multi-directional closure of the shares and depositary receipts of Kazakhstan issuers yesterday in London. Further, during the day is expected mostly downward dynamics of trading on the local market under pressure from correctional attitudes. Analysts of JSC "BCC Invest" and expect the following developments on Kazakhstan market today: - September 17, 2010 in the trade system of KASE have specialized trades on placement of medium-term bonds of Akimat of Almaty with maturity of 5 years (1,800 days) and frequency of coupon payment 2 times a year. Placement volume amounted to 130,000 bonds worth KZT130 million (100% of plan), the coupon rate - 6.20% per annum. The volume of active orders, the proportion of pension market had 72.8%, the share of broker-dealers - 20.1%, clients of broker-dealers - 7.1%. According to data of Central Securities Depository, all transactions for placement of medium- term bonds of Akimat of Almaty second release by the end of calculations based on trades executed. The entire volume of outstanding bonds purchased one of the subjects of the pension market. - September 21, 2010 in the trade system of KASE trades in place re-dedicated on placement of mid-term treasury bills of the Ministry of Finance of the Republic of Kazakhstan MEOKAM-36 Release 80 with maturity of 3 years (1,080 days) and frequency of coupon payment 2 times a year. Declared level of accommodation - 8 million of bonds (about 8 billion). Subject of bargaining will be "clean" (excluding accumulated interest) bond price as a percentage of nominal value, expressed up to the fourth decimal place. At the first auction, 10.06.2010, data MEOKAM-36 Release 80 were placed on the amount of 6.67 billion, coupon rate amounted to 3.6%. Analysts of JSC "BCC Invest" and expect the following developments in international markets today: - In Russia significant economic and corporate events are expected. - in Italy 14:00 (AST) is expected to publish data on trade balance for July, in 14:30 (AST) in the UK will be published data on the status of the monetary aggregates for August. - U.S. at 20:00 (AST) will be published index of business expectations in the construction sector from the NAHB for September 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 405 479 +18.27 Neutral KKGBp 242 335 +38.43 Buy Halyk Bank HSBK 303 386 +27.39 Buy Bank CenterCredit CCBN 537 646 +20.30 Hold Tsesnabank TSBN 960 1,030 +7.29 Neutral KazMunaiGaz RDGZ 15,300 22,300 +45.75 Buy Kazakhmys PLC GB_KZMS 3,200 3,392 +6.00 Hold ENRC PLC GB_ENRC 2,090 2,858 +36.75 Buy Kazakhtelekom KZTK 14,800 19,200 +29.73 Buy KZTKp 7,200 9,300 +29.17 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. [2010-09-20]