Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for October 27, 2010

/IRBIS. October 27, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for October 27, 2010. Analysts of JSC "BCC Invest" now expect a mixed and multi- directional opening of trading on the shares included in the index KASE, against a background of mixed and multi-directional close of trading in stocks and Depositary Receipts of issuers in Kazakhstan yesterday in London. Further, during the day, JSC "BCC Invest" is projected the dynamics of stock trades at KASE, probably will not be pronounced, and the index of KASE, is likely to end the day in a small minus. JSC "BCC Invest" also note the following important events in the Kazakh market: - Total assets of commercial banks in Kazakhstan in September declined by 0.3%. Total assets of commercial banks as of October 1, 2010 amounted to 11 967.4 billion, down from September at 0.3%, has informed the State Agency for Financial Supervision (AFS). The share of liquid assets to total assets of banks amounted to 22.5% (previous month -24.7%). Aggregate estimated net worth of commercial banks was positive in the $ 1,777.5 billion, an increase in September at 0.7%. The aggregate amount of income of commercial banks in the first 9 months amounted to KZT 5,144.2 billion, amount of expenses - 3 662.2 billion (excluding income tax, which amounted to KZT7.8 billion). As a result, net profit of banks in the reporting period amounted to KZT1,474.3 billion. Loan portfolio of banks with a view of interbank loans amounted to KZT9,258.9 billion, an increase from September HA1, 5%. While loans to non-residents of Kazakhstan at the reporting date amounted to KZT1,562.2 billion, or 16.9% of the loan portfolio (this figure at January 1, 2010 amounted to 18.1%). - Savings in pension funds in Kazakhstan in September rose by 1.9%. According to preliminary data, the retirement savings accumulated in pension funds (NPF), Kazakhstan, on October 1, 2010 amounted to KZT2,129.6 billion, an increase over the month by 1.9%. In this case, as indicated in the message released Agency for Financial Supervision (AFS), the amount of pension contributions, which increased in September by 1.9%, amounted to KZT1,720.4 billion. According to the report, the sum of net investment income (net of commissions) from the NPF investment of pension assets, distributed to individual pension accounts of depositors, rose in September to 2.5% and the balance sheet date amounted to KZT532.5 billion, which is 25% of the total retirement savings (in September, the share increased by 0.1 percentage points). - Operational production branch of JSC Exploration Production KazMunaiGas (KMG) - Ozenmunaygaz (in Zhanaozen, Mangistau region) have completed the protest, said Tuesday's press service of akimat of Zhanaozen. Today ended a protest action of workers of industrial branch" Ozenmunaygaz "- the structural unit of JSC KMG KMG," the report indicates akimat. In turn, KMG reported that "on October 26 morning watch in full force began its work." "Work for all structural units of PF "Ozenmunaygaz" proceeds in the normal process conditions, "- noted in the report released on Tuesday the company." As a result of ongoing advocacy work done by the leadership of the company over the last few days, managed to convince the protesters to stop an illegal protest and return to work place, "says the information." KMG EP is making all efforts necessary to restore the previous rate of oil production in order to fulfill the production plan. Degree of influence of the protest at the rates of annual production of the Company depends on how quickly production will be restored planned activities of the branch "- the report indicates. Analysts of JSC "BCC Invest" and expect the following developments in international markets today: - In Russia will be published on the weekly inflation data. - in France 12:45 (AST) will be published data on consumer spending for September. In Germany 13:00 - 16:00 (AST) will be published values of the consumer price index by regions of the country in October. Today in Europe report Deutsche Bank AG, Telenor ASA, ConocoPhilips, Volswagen AG, Deutsche Boerse AG, Electrolux, Whirlpool Corp. and others. - in the U.S. before the opening of trading at 18:30 (AST) will be published data on orders for durable goods in September. After the market opened in 20:00 (AST) will be published sales data for the primary housing market in September. Reporting season continues. Today report Automatic Data Processing, General Dynamics, Hess Corp., Office Depot Inc., Massey Energy Co., Procter & Gamble Co., Symantec, Thermo Fisher Scientific, Visa Inc. and others. - In today's world report, companies such as Agricultural Banc of China, America Movil, Banco Bradesco, Bank of China, Canon, Goldcorp Inc., Petrochina, Vale. 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 420 479 +14.05 Neutral KKGBp 215 335 +55.81 Buy Halyk Bank HSBK 335 386 +15.22 Buy Bank CenterCredit CCBN 600 646 +7.67 Hold Tsesnabank TSBN 940 1,030 +9.57 Neutral KazMunaiGaz RDGZ 15,700 22,300 +42.04 Buy Kazakhmys PLC GB_KZMS 3,200 3,392 +6.00 Neutral ENRC PLC GB_ENRC 2,100 2,858 +36.10 Buy Kazakhtelekom KZTK 15,780 19,200 +21.67 Buy KZTKp 8,130 9,300 +14.39 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. [2010-10-27]