Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for November 18, 2010

/IRBIS. November 18, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for November 18, 2010. Analysts of JSC "BCC Invest" now expects a mixed and multi- directional opening of trading on the shares included in the index KASE, against a background of mixed and multi-directional closure of the shares and depositary receipts of Kazakhstan issuers yesterday in London. According to analysts JSC "BCC Invest", the dynamics of KASE index later in the day would be volatile, but the KASE index finished the day in positive territory. JSC "BCC Invest" also notes the following important events in the Kazakh market: - Ministry of Finance of Kazakhstan placed on the KASE November 17, 100.0 million MEKKAM-12 issue 111 (KZK1KY011115) amounting to KZT9.8 billion at 1.86% per annum. November 17, 2010 in the trade system of KASE specialized trades on placement of short-term treasury bills of the Ministry of Finance of the Republic of Kazakhstan MEKKAM-12 - discount bonds with a rock-treatment 12 months. Placement volume totaled 100 million of bonds (100% of plan) worth 9.8 billion, at a price of 98.1746 and a yield to maturity - 1.8593% per annum. The volume of active orders, the proportion of pension market had 5.3%, the share of Kazakhstan's second-tier banks (STB) - 93.2%, clients of broker- dealers - 1.5%. According to data of Central Securities Depository, all transactions on placement MEKKAM-12 release 111 to the end of the calculations based on trades executed. 8.0% of the total outstanding bonds were redeemed by the subjects of the pension market, 88,1% - STB, 3.9% clients of broker-dealers. Sold by the Ministry of Finance MEKKAM automatically admitted to trading on KASE secondary market under the brand code MKM012_0111. - JSC Bank CenterCredit published interim condensed consolidated financial statements for the 9 months of 2010. According to analysts of JSC "BCC Invest" published by the bank's financial performance for the most part corresponds to market expectations and, accordingly, will not have a significant impact on the quotation of shares of JSC BankCenterCredit in the short term. Analysts of JSC "BCC Invest" and expect the following developments in international markets today: - In Russia today the publication of important macroeconomic statistics is expected. Today in Russia, MTS is expected to publish financial reports on US GAAP for the third quarter and nine months of 2010. - Today at 15:30 (AST) in the UK is expected to publish data on retail sales for October, as well as the minutes of the Bank of England. - in the U.S. today before the market opens at 19:30 (AST) is expected to publish data on the number of weekly applications for unemployment benefits. After the market opened in 21:30 (AST) will be published value of the index of leading indicators for October, as well as the index of business activity reserved Federal Bank of Philadelphia in November. - Today reports Air Berlin, Dell Inc., Gap Inc., Sears Holdings Corp., Staples Inc.i 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 355 386 +8.73 Buy Bank CenterCredit CCBN 580 646 +11.38 Hold Tsesnabank TSBN 870 1,030 +9.57 Neutral KazMunaiGaz RDGZ 16,585 22,300 +34.46 Buy Kazakhmys PLC GB_KZMS 3,400 3,392 -0.24 Neutral ENRC PLC GB_ENRC 2,170 2,858 +31.71 Buy Kazakhtelekom KZTK 17,200 19,200 +11.63 Buy KZTKp 7,601.01 9,300 +22.35 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. [2010-11-18]