Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for November 1, 2010
01.11.10 20:26
/IRBIS. November 1, 2010/ - BCC Invest JSC has provided IRBIS with a
survey of main events, market reviews and investment ideas for
November 1, 2010.
Analysts of JSC "BCC Invest" now expect a positive opening of
trading on the shares included in the index KASE, on a positive
external background.
Analysts of JSC "BCC Invest" and expect the following
developments in international markets today:
- In Russia will be published data on the status of the contingency
fund and the National Welfare Fund for October. Today is expected
to be published statements by Gazprom for the second quarter,
according to IFRS.
- The UK 15:30 (AST) will be published index of business activity in
manufacturing PMI for October.
- in the U.S. before the opening of trading at 18:30 (AST) will be
published data on personal income and spending for October. After
opening the bidding at 20:00 (AST) will be published index of
business activity in the manufacturing sector PMI for October, as well
as data on the volume of expenditure in the construction sector.
Reporting season continues. Today accountable Anadarko
Petroleum Corp., Baker Hughes Inc., Fannie Mae, Freddie Mac and
others.
Analysts of BCC Invest JSC are giving the following advice for
investors in securities of issuers in internal market:
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Issuer Last price Target Predicted price.
code price % Recom-
mendation
----------------- ------- ---------- ------ ---------------- ---------
Kazkommertsbank KKGB 415 479 +15.42 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 15,400 22,300 +44.81 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 15,699.99 19,200 +22.29 Buy
KZTKp 8,139.99 9,300 +14.25 Buy
MREK MREK 1,100 1,130 +2.73 Hold
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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.
[2010-11-01]