Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for November 11, 2010

/IRBIS. November 11, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for November 11, 2010. Analysts of JSC "BCC Invest" now expect a neutral open bidding for shares in the index KASE, the ambiguity of the external background. According to the JSC "BCC Invest", the dynamics of KASE index during the day would be volatile. There is a possibility of new purchases. Today is expected to publish an interim report of management and production report for the third quarter of ENRC. In the evening, the company's management will host a conference call for the third quarter. JSC "BCC Invest" also notes the following important events in the Kazakh market: - Kazakh Government will provide incentives for tax on mineral extraction (MET) for mining companies developing low-profit field. "For those who develop low-profit, high-viscosity deposit legislation such opportunity will be provided. Resolution of the Government is already out", - said Deputy Prime Minister Mr. Erbol Orynbaev reporters in Astana on Wednesday. "All the technical coordination has been completed, and I think that companies can apply as early as next month," - he added. Mr. E. Orynbaev not told the details of the document, noting only that "if the subsoil is at least 1% of the cost-effectiveness, they must pay a severance tax." According to him, the possibility of providing incentives for MET provides for both mining companies and for oil, but in fact it will apply only in respect of the latter. "Unfortunately, the mining companies have already applied for, and I think more will be served, but they were very profitable," - he stressed. Analysts of JSC "BCC Invest" and expect the following developments in international markets today: - In Russia, 10-11 November in Russia is expected to publish data on trade balance for September. - In Europe, the publication of important macroeconomic statistics is not expected, except for the monthly report of the European Central Bank (15:00 AST). - U.S. holiday - Veterans Day holiday, but trading in stocks and derivatives will be carried out. Today accountable 21st Century Holding, NVIDIA Corp., Siemens, VedantaResources, Viacom and Walt Disney. Today in South Korea began its work summit of G20. 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 445 479 +7.64 Neutral KKGBp 215 335 +55.81 Buy Halyk Bank HSBK 363 386 +6.34 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 3,570 3,392 -4.99 Neutral ENRC PLC GB_ENRC 2,261 2,858 +26.40 Buy Kazakhtelekom KZTK 17,000 19,200 +12.94 Buy KZTKp 7,501 9,300 +23.98 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. [2010-11-11]