Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for October 18, 2010

/IRBIS. October 18, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for October 18, 2010. Analysts of JSC "BCC Invest" now expect a neutral opening of trading on the local market share. Further, during the day, is projected JSC "BCC Invest", the dynamics of bidding for shares in the index KASE, will be mixed and contradictory multidirectional external background. JSC "BCC Invest" also notes the following important events in the Kazakh market: - Ministry of Finance of Kazakhstan placed on the KASE 15 октября 20178333 MEUKAM-72 for the sixth issue of 5.40% per annum. October 15, 2010 in the trade system of KASE specialized trades on placement of government treasury bonds of the Ministry of Finance of the Republic of Kazakhstan MEUKAM-72 issue 6 with maturity of 6 years (2,160 days) and Coupon Payments 1 per year. Amount of bids accepted amounted to 20,178,333 of bonds (144.1% of plan) worth 20.18 billion, the coupon rate - 5.4% per annum. The volume of active orders, the proportion of pension market had 8.1%, the share of Kazakhstan's second-tier banks (STB) - 61.5%, clients of STB - 12.6%, broker-dealers - 2.9%, their customers - 14.9%. According to data of Central Securities Depository, all transactions on placement MEUKAM-72 sixth release by the end of calculations based on trades executed. 59.3% of the total outstanding bonds were redeemed by the BWI, 20.8% - STB clients, 4.1% - broker- dealer companies, 15.8% - by customers of broker-dealers. - October 19, 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 MEUKAM-108 Release 5 with the maturity of 9 years (3,240 days) and Coupon Payments 1 per year. Declared a placement volume - 14 bln. Subject of bargaining is the value of coupon rate per cent per annum of the bond nominal value, expressed to the second decimal place. - Negotiation of Sberbank of Russia with Kazakhstan's state fund, "SK" on the purchase of BTA Bank continues. "I confirm our interest in this transaction. (...) We are now very efficient, open dialogue", - chairman of the board of the Savings Bank of Russia Herman Gref reporters on Saturday in Astana, during a break in the conference "Strategy 2030: the road to sustainable development, Organized by the "SK"."Until the end of the year, I think we can work out a scheme and to work together in our potential arrival there. But the purchase itself is unlikely (before the end of 2010. - IF-K"), "- he said. Gref also said that Sberbank are interested in buying only a fraction of control. " Analysts of JSC "BCC Invest" and expect the following developments in international markets today: - In Russia of "Magnet" is planning to publish unaudited financial results under IFRS for the first 9 months of 2010. - The UK 05:01 (AST) published index of housing prices on Rightmove's October, and 15:00 (AST) will be published the data on balance of payments in Italy in August. - in the United States after the opening of trading in 19:00 (AST) will be published data on the purchases of U.S. government securities in August, 19:00 (AST) - data on the volume of industrial production and capacity utilization in September, and 20:00 (AST ) - the index of the NAHB housing market in October. Today before the opening of trading in 18:00 (AST) will publish its reporting bank Citigroup Inc. Also during the day will publish its reporting Steel Dynamics Inc., Halliburton Co., International Business Machines (IBM) and Apple Inc. 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 439 479 +9.11 Neutral KKGBp 220 335 +52.27 Buy Halyk Bank HSBK 330 386 +16.97 Buy Bank CenterCredit CCBN 585 646 +10.43 Hold Tsesnabank TSBN 940 1,030 +9.57 Neutral KazMunaiGaz RDGZ 16,150 22,300 +38.08 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 15,900 19,200 +20.75 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. [2010-10-18]