Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for October 19, 2010

/IRBIS. October 19, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for October 19, 2010. Analysts of JSC "BCC Invest" now expect a mixed opening of trading on the local stock market against the background of mixed and multi-directional closure of the shares and depositary receipts of Kazakhstan issuers yesterday in London. Further, during the day, as expected, the dynamics of bidding for shares in the index KASE will be multidirectional and KASE index closed near the neutral mark. Analysts of JSC "BCC Invest" and expect the following developments in international markets today: - In Russia, NLMK will present the operating results for the III quarter of 2010. - in Europe 14:00 (AST) will be published value of the current account balance of payments of the ECB, and 15:00 (AST) - data on the volume of production in the construction sector in August and the index value of sentiment in the business environment of the ZEW's October. - in the U.S. before the opening of trading at 18:30 (AST) will be published data on the construction of new homes and building permits for September. At 20:00 (AST) will be the speech of the Federal Reserve Bank of New York by William Dudley. Reporting season in full swing. Today before the opening of trading will publish their reports Goldman Sachs Group, Bank of America Corp., Bank of New York Mellon, State Street Corp., Johnson & Johnson, The Coca- Cola Co., Occidental Petroleum and others. 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 +8.86 Neutral KKGBp 220 335 +52.27 Buy Halyk Bank HSBK 330 386 +16.97 Buy Bank CenterCredit CCBN 600 646 +7.67 Hold Tsesnabank TSBN 940 1,030 +9.57 Neutral KazMunaiGaz RDGZ 16,100 22,300 +38.51 Buy Kazakhmys PLC GB_KZMS 3,300.01 3,392 +2.79 Neutral ENRC PLC GB_ENRC 2,250 2,858 +27.02 Buy Kazakhtelekom KZTK 15,500.01 19,200 +23.87 Buy KZTKp 8,000 9,300 +16.25 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. [2010-10-19]