Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for November 4, 2010

/IRBIS. November 4, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for November 4, 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. In the opinion, the growth of KASE index will be maintained until the end of the day. According to forecasts of JSC "BCC Invest", the leaders of growth will be shares of the commodity sector, primarily shares of Kazakhmys PLC. JSC "BCC Invest" also notes the following important events in the Kazakh market: - Kazakhstan's leading managers of the transaction announced on the updated parameters indicative of Eurobonds of JSC National Company KazMunaiGas. JSC "Halyk Finance" JSC and "Visor Capital" announce the following indicated parameters of Eurobonds of JSC National Company KazMunaiGas in accordance with the Regulations " Reg S/144A "under the Program for the production of medium-term notes in the amount of 7.5 billion U.S. dollars. Indicative level of yield to maturity: 6.625% - 6.75% per annum. Release Format: Reg S/144a. Maturity date: April 2021. Par Eurobonds: 200 thousand U.S. dollars or higher ratings, a multiple of 1 thousand dollars Release Size: Maximum: USD 1,25 billion - National oil and gas company KazMunaiGas closed the book orders for 11-year Eurobonds. Accepting applications completed at 15:30 AST. Expected date for determining the price and volume to meet investors' applications - 04 November, the expected settlement date - Nov. 10. International rating agency Moody's Investors Service has assigned a new Eurobond issue a preliminary rating of "Baa3." Fitch Ratings Assigns Eurobond previously expected senior unsecured rating of "BBB-". Obtained by means of company plans to use in 2011 to refinance existing indebtedness of the group Analysts of JSC "BCC Invest" and expect the following developments in international markets today: - In Russia, Gazprom is planning to publish IFRS financial report for the second quarter of 2010. - in Italy, France and Germany 14:45 - 15:55 (AST) will be published value of indexes of business activity in the service sector PMI for October. In the UK at 18:00 will announce its decision the Bank of England rates, and plans to purchase securities in November. - in the U.S. before the market opens at 18:30 (AST) is expected to publish data on the week's appeals for unemployment benefits, as well as data on productivity in the non-agricultural sector and labor costs for the third quarter. - reporting season continues. Today accountable BNP Paribas, Alcatel-Lucent, Adidas AG, Man Group PLC, Time Warner Cable Inc., Kraft Foods Inc., Telecom ItaliaSpA, Starbucks Corp. 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 450 479 +6.44 Neutral KKGBp 215 335 +55.81 Buy Halyk Bank HSBK 335 386 +15.22 Buy Bank CenterCredit CCBN 592.07 646 +9.11 Hold Tsesnabank TSBN 870 1,030 +19.08 Neutral KazMunaiGaz RDGZ 15,155.01 22,300 +47.15 Buy Kazakhmys PLC GB_KZMS 3,100 3,392 +9.42 Neutral ENRC PLC GB_ENRC 2,01 2,858 +42.83 Buy Kazakhtelekom KZTK 15,899 19,200 +20.76 Buy KZTKp 7,405 9,300 +25.59 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. [2010-11-04]