Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for October 29, 2010

/IRBIS. October 29, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for October 29, 2010. Today, Analysts of JSC "BCC Invest" expect a neutral open bidding for shares in the index KASE, on the ambiguity of the external background. Further, during the day JSC "BCC Invest" is projected, the dynamics of stock trades at KASE is likely to be on side, although not specifically excluded the sale due to closure of positions before the weekend. JSC "BCC Invest" also note the following important events in the Kazakh market: - KAZAKHMYS PLC Company presented its production results for the third quarter of 2010. Production of copper and by-products with the plan of the Group for 2010: Copper cathode production from own concentrate equivalent amounted to 238.9 thousand tons, production of silver and gold fell by 22% and 6% respectively, while the production of zinc concentrate increased by 16% compared to same period last year. Electricity generation Ekibastuz-1 increased 26% during the reporting period compared with the corresponding period of 2009. Program of repair and modernization of equipment for heat and electric power utilities Kazakhmys Group will provide consumers with the necessary heat and electricity in the autumn- winter period. Continued increase in the share of local production of quality products, acquired by Kazakhmys, and further expansion of cooperation with domestic companies. This year, the Group acquired a number of goods, works and services from domestic producers in excess of KZT67 billion. Actively implemented a strategic social agenda of the company - one of the largest in the country in the field of corporate social responsibility. The company has identified several key areas, which include support for small and medium business, improvement of cities in which Kazakhmys and operates, as well as development projects, health and education. Analysts of JSC "BCC Invest" and expect the following developments in international markets today: - Russia is expected to publish data on monetary aggregates as of October 25 and the announcement by the Central Bank decision on refinancing rate. - The UK 14:30 (AST) will be published on the number of approved applications for mortgage loans in September, as well as data on the volume of consumer credit for September. At 15:00 (AST) will be published value of the Euro zone consumer price index for October, as well as data on unemployment in the Euro zone in September. Today in Europe report British Airways PLC, Indesit Co., Total SA, and others. - in the U.S. before the opening of trading at 18:30 (AST) will be published GDP figures for the III quarter. After opening the bidding at 19:45 (AST) will be published price index of business activity for October, and 19:55 (AST) - the index sentiment, to be calculated The University of Michigan in October. Reporting season continues. Today accountable Chevron Corp., Merck & Co. Inc., and others. - in the world and report Cigna Corp., Honda Motor Co. Ltd., Sony Corp., Samsung Electronics, China Construction Bank, China Merchants Bank, Angang Steel, 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 417.01 479 +14.87 Neutral KKGBp 215 335 +55.81 Buy Halyk Bank HSBK 325 386 +18.77 Buy Bank CenterCredit CCBN 595 646 +8.57 Hold Tsesnabank TSBN 940 1,030 +9.57 Neutral KazMunaiGaz RDGZ 15,700 22,300 +42.04 Buy Kazakhmys PLC GB_KZMS 3,052 3,392 +11.14 Neutral ENRC PLC GB_ENRC 2,100 2,858 +36.10 Buy Kazakhtelekom KZTK 15,700 19,200 +22.29 Buy KZTKp 7,900 9,300 +17.72 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. [2010-10-29]