Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for November 8, 2010
08.11.10 19:39
/IRBIS. November 8, 2010/ - BCC Invest JSC has provided IRBIS with a
survey of main events, market reviews and investment ideas for
November 8, 2010.
Analysts of JSC "BCC Invest" now expect a positive opening of
trading on the shares included in the index KASE, against growth of
stock quotes and depository receipts of Kazakhstan issuers yesterday in
London. According to the JSC "BCC Invest", the growth of KASE
index will be maintained until the end of the day. Although not ruled
out profit-taking pressure correction moods.
JSC "BCC Invest" also notes the following important events in the
Kazakh market:
- Assets Tsesnabank as at September 30 amounted to KZT209.1
billion, or 19.3% compared with the beginning of the year,
according to consolidated unaudited financial statements of banks
under IFRS. The bank's liabilities as at 30 September amounted to
KZT190.2 billion, which is 21% higher compared with the beginning
of the year, the bank's own capital amounted to KZT18.8 billion, or
3.3% higher, respectively, the share capital unchanged, amounting to
KZT18 billion. Net profit in January-September amounted to
KZT641.7 million, down 21.3% compared with January-September
2009. The main shareholder with a share of about 73% of a
corporation Tsesna.
Analysts of JSC "BCC Invest" and expect the following
developments in international markets today:
- In Russia, Gazprom is planning to publish IFRS financial
otchetnostpo for the second quarter of 2010.
- in Germany 13:00 (AST) will be published data on trade and
balance of payments for September, and 17:00 (AST) - data on
changes in industrial production in September. Today at 12:00 (AST)
is expected to publish reports Commerzbank AG for the third quarter.
- In the U.S. publication of important macroeconomic statistics is
expected.
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 441 479 +8.62 Neutral
KKGBp 215 335 +55.81 Buy
Halyk Bank HSBK 335 386 +15.22 Buy
Bank CenterCredit CCBN 590 646 +9.49 Hold
Tsesnabank TSBN 870 1,030 +9.57 Neutral
KazMunaiGaz RDGZ 16,000 22,300 +39.38 Buy
Kazakhmys PLC GB_KZMS 3,400 3,392 -0.24 Neutral
ENRC PLC GB_ENRC 2,265 2,858 +26.18 Buy
Kazakhtelekom KZTK 16,000 19,200 +20.00 Buy
KZTKp 7,420 9,300 +25.34 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.
[2010-11-08]