Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for September 28, 2010

/IRBIS. September 28, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for September 28, 2010. Analysts of JSC "BCC Invest" now expect neutral opening trades at KASE on a mixed external background. According to forecasts of JSC "BCC Invest", the local market volatility rises, trading in stocks will go in different directions and KASE index end the day near the neutral mark. Analysts of JSC "BCC Invest" and expect the following developments in Kazakhstan market today: - September 29, 2010 in the trade system of KASE place specialized auction on placement of long-term treasury bills of the Ministry of Finance of the Republic of Kazakhstan MEUJKAM- 108 Release 3 with the maturity of 9 years (3,240 days) and Coupon Payments 1 per year. Declared a placement volume - 17 bln. - JSC Foundation Samruk-Kazyna placed on the KASE 27 September 61.4 billion of its bonds KZP02Y10D855 (SKKZb23) at 6.50% per annum. September 27 this year in the trade system of KASE held special offerings were KZP02Y10D855 (official list of KASE, category of debt securities with ratings "; SKKZb23; KZT1, KZT75.0 billion 24/09/1910 - 24/09/1920, semi-annual coupon; 30/360) of the JSC Fund Samruk-Kazyna (Astana). On the issuer had planned to place the entire amount of registered bonds KZP02Y10D855. Subject of bargaining is the value of the coupon rate bonds, expressed as a percentage per annum up to two decimal places. In the auction was attended by 13 members of KASE, who have filed 30 applications, of which at the end of the application period remaining 29 active warrants to purchase 67,998,700,000 bonds. Thus, the demand to offer at the auction amounted to 90.7%. Coupon rate of submitted bids ranged from 6.00 to 8.00% per annum, amounting in average terms, 6.5253% per annum. According to the results of trade, the issuer has established the rate cut at the level of 6.50% per annum and satisfied at these price 16 applications, thereby placing 61368700000 bonds (81.8% of planned volume). According to data of Central Securities Depository, all transactions at the time of publication of this information were fulfilled. 53.9% of the total outstanding bonds were purchased by pension market entities, 40.7% of STB, 0.2% - broker-dealer firms, 5.2% - clients of broker- dealers. - JSC KazMunaiGas announces the agreements and closing deals with Eastern GateManagement Ltd. To acquire 100% of LLC NBK and LLP Halyk Komir to acquire 100% LLP SapaBarlau Service. Acquisition price of 100% share NSC is a U.S. $ 35 million and $ 30 million - a 100% stake in SBS. Financing transactions will be done at the expense of their own cash KMG. According to the JSC "BCC Invest", the message is positive for stock prices and the depository Receipts of KMG EP, which was reflected in yesterday's motion quotes, so the purchase price of those assets rather attractive. However, according to JSC "BCC Invest", the fundamental effect of these transactions in the financial and operating performance of KMG EP will manifest itself in the more distant future. Analysts of JSC "BCC Invest" confirm the recommendation to "buy" on ordinary shares and depositary receipts of Exploration and Production KazMunaiGas. Analysts of JSC "BCC Invest" and expect the following developments in international markets today: - In Russia will be published by the Central Bank decision stavkerefinansirovaniya. - in Germany 12:00 (AST) will be published value of the index of consumer confidence for October from GfK, as well as during the day will be published data on consumer price indices in different regions of the country in September. At 12:45 (AST) in France will be published data on consumer spending in August. In the UK, 14:30 (AST) will be published final data on GDP for the second quarter. - U.S. at 19:00 (AST) will be published index prices nanedvizhimost in July from S & P/CaseShiller. At 20:00 (AST) will published value of consumer confidence index from the Conference Board, as well as the index of manufacturing activity from the Federal Reserve Bank of Richmond. 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 412 479 +16.26 Neutral KKGBp 220 335 +52.27 Buy Halyk Bank HSBK 310 386 +24.52 Buy Bank CenterCredit CCBN 540 646 +19.63 Hold Tsesnabank TSBN 951 1,030 +8.31 Neutral KazMunaiGaz RDGZ 15,850 22,300 +40.69 Buy Kazakhmys PLC GB_KZMS 3,300 3,392 +2.79 Hold ENRC PLC GB_ENRC 2,090 2,858 +36.75 Buy Kazakhtelekom KZTK 15,100 19,200 +27.15 Buy KZTKp 7,399 9,300 +25.69 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. [2010-09-28]