Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for October 14, 2010

/IRBIS. October 14, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for October 14, 2010. Analysts of JSC "BCC Invest" now expect a positive trend on the KASE index on a positive external background. JSC "BCC Invest" also notes the following important events in the Kazakh market: - Growth of Kazakhstan's GDP in January-August amounted to 7.9% - Statistics Agency. GDP growth in Kazakhstan in January- August compared with same period last year amounted to 7.9%, the head of the State Agency for Statistics Mr. Alikhan Smailov. "GDP growth was 7.9%," - he said at a press conference in Astana on Wednesday. He predicts that GDP growth in Kazakhstan in January- September amounted to within 7.4% -7.6%. "My personal opinion is that in January-September GDP will be around 7.5% plus/minus 0.1%", - said the head of Statistics Agency. According to the latest forecast by the government of Kazakhstan, the republic's GDP growth this year is 5%. GDP growth in Kazakhstan in 2009 amounted to 1.2%. In the first half of 2010, GDP grew by 8%. - On October 15 KASE held a special trade on placement MEUKAM-72 of the sixth issue (KZKDKY060066). October 15, 2010 in the trade system of KASE held a special trade on placement of long-term treasury bills of the Ministry of Finance of the Republic of Kazakhstan MEUKAM-72 sixth issue with maturity of 6 years (2,160 days) and Coupon Payments 1 per year. Declared level of accommodation - 14 million of bonds at $ 14 billion. Subject of bargaining will be the value of coupon rate per cent per annum of the bond nominal value, expressed to the second decimal place. Analysts of JSC "BCC Invest" and expect the following developments in international markets today: - Russia is expected to publish the data of international reserves. - European publications relevant macroeconomic statistics is expected. - in the U.S. after the close of trading will publish their reports Advanced Micro Devices, and Google Inc. Today at 18:30 (AST) will be published data on the trade balance for August, producer price index for September and the number of weekly applications for unemployment benefits. At 20:30 (AST) will be published data on the dynamics of oil and petroleum products at the end of last week. 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 440 479 Neutral KKGBp 220 335 Buy Halyk Bank HSBK 324.50 386 +18.95 Buy Bank CenterCredit CCBN 557 646 +15.98 Hold Tsesnabank TSBN 940 1,030 +9.57 Neutral KazMunaiGaz RDGZ 16,155 22,300 +38.04 Buy Kazakhmys PLC GB_KZMS 3,120 3,392 +8.72 Neutral ENRC PLC GB_ENRC 2,160 2,858 Buy Kazakhtelekom KZTK 16,100 19,200 +19.25 Buy KZTKp 7,500 9,300 +24.00 Buy MREK MREK 1,100 1,130 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. [2010-10-14]