Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for October 6, 2010

/IRBIS. October 6, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for October 6, 2010. Analysts of JSC "BCC Invest" now expect growth of KASE index on a positive external background. Analysts of JSC "BCC Invest" and expect the following developments in Kazakhstan market today: - Company KAZAKHMYS PLC announced the sale of the Chairman of its Board of Directors of 58,876,793 ordinary shares (GB_KZMS) at KASE. Board of Directors Chairman Vladimir Kim, has sold 58,876,793 ordinary shares at 20 pence each, roughly equivalent to 11% of the shares of the Group. The operation was performed on the Kazakhstan Stock Exchange at a price of KZT3,363 per share, which corresponds to the price of 1.423 pence per share at the close of the London Stock Exchange on Oct. 4, 2010. The shares were purchased by the Fund of National Welfare SK. Proportion of Mr. Kim, the Company is 149,306,795 ordinary shares (27.9% of the shares of the Group) after the sale of shares of SK. The Government of the Republic of Kazakhstan increased its stake in the company to [139,162,843] ordinary shares (26% of the shares of the Group), which includes a 15% stake held by the Committee for State Property and Privatization Ministry of Finance of the Republic of Kazakhstan. The transaction will allow Mr. Kim to diversify the investment portfolio, without losing a substantial and long-term equity participation in Kazakhmys. B. Kim pledged not to sell additional shares in Kazakhmys within 12 months from the date of this communication, except for 21,409,614 ordinary shares (currently 4% of the total shares of the Group) which he has agreed to provide for liquidity in a possible secondary listing on the Stock Exchange of Hong Kong in 2011. Analysts of JSC "BCC Invest" and expect the following developments in international markets today: - In Russia will be published data on inflation for the week and the beginning of the year. - in Europe 15:00 (AST) will be published final data on Euro zone GDP for the 2nd quarter, 16:00 (AST) - the data industrial orders in Germany in August. - In the U.S. today in the U.S. before the market opens at 17:30 (AST) will be published data on the change in jobs in September, and 18:15 (AST) - data to change the number of people employed by ADP in 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 415 479 +15.42 Neutral KKGBp 220 335 +52.27 Buy Halyk Bank HSBK 320 386 +20.63 Buy Bank CenterCredit CCBN 540 646 +19.63 Hold Tsesnabank TSBN 951 1,030 +8.31 Neutral KazMunaiGaz RDGZ 15,801 22,300 +41.13 Buy Kazakhmys PLC GB_KZMS 3,200 3,392 +6.00 Hold ENRC PLC GB_ENRC 2,194 2,858 +30.26 Buy Kazakhtelekom KZTK 15,511 19,200 +23.78 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. [2010-10-06]