Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for October 11, 2010

/IRBIS. October 11, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for October 11, 2010. Analysts of JSC "BCC Invest" now expect a mixed and multidirectional dynamics of the shares included in the index KASE, against a background of mixed and multi-directional closure of the shares and depositary receipts of Kazakhstan issuers on Friday in London. JSC "BCC Invest" also notes the following important events in the Kazakh market: - October 12, 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-48 Release of 44 with maturity of 4 years (1,440 days) and frequency of coupon payment 2 times a year. Declared level of accommodation - 8 million of bonds in the amount of KZT8 billion at face value. Subject of bargaining will be "clean" (excluding accumulated interest) bond price as a percentage of nominal value, expressed up to the fourth decimal place. July 22 this year, the bonds were placed in the number of 10.56 million units. The amount of KZT10.56 billion coupon rate 4.50% per annum. Trading code bonds KASE - MOM048_0044. Analysts of JSC "BCC Invest" and expect the following developments in international markets today: - Russia is expected to publish data on trade balance for August - in France 12:45 (AST) will be published data on industrial production in August, and 14:00 (AST) - the same data in Italy. - U.S. financial markets will be closed for the celebration of Columbus Day. In connection with these publications, important macroeconomic statistics and corporate reports are not expected corporate reporting season for the third quarter is continuing. Starting Tuesday, the week will be rich for publication. 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 445 479 +7.64 Neutral KKGBp 220 335 +52.27 Buy Halyk Bank HSBK 320 386 +20.63 Buy Bank CenterCredit CCBN 558.99 646 +15.57 Hold Tsesnabank TSBN 951 1,030 +8.31 Neutral KazMunaiGaz RDGZ 16,340 22,300 +36.47 Buy Kazakhmys PLC GB_KZMS 3,400 3,392 -0.24 Neutral ENRC PLC GB_ENRC 2,160 2,858 +32.31 Buy Kazakhtelekom KZTK 15,850 19,200 +21.14 Buy KZTKp 7,400 9,300 +25.68 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. [2010-10-11]