Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for November 25, 2010

/IRBIS. November 25, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for November 25, 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. According to the JSC "BCC Invest", the dynamics of KASE index on the day although it would be volatile, but the KASE index completes day growth. JSC "BCC Invest" also notes the following important events in the Kazakh market: - Money supply in Kazakhstan in January-October 2010 increased by 15.7% to KZT8 trillion 660 billion, said the National Bank. During the October 2010 money supply increased by 3%. The volume of cash in circulation since the beginning of the year grew 20% to KZT1 trillion 96 billion (October growth at 0.9%). Deposits in the banking system grew by 15% up to KZT7 trillion 564 billion (up 3.3%). The monetary base (reserve money) from the beginning of the year increased by 12% to KZT2 trillion 744.4 billion (October - 8.5%), the narrow monetary base (does not include time deposits of banks in the National Bank) - increased by 18.1% to KZT2 trillion 315.9 billion (October - 7.1%, respectively). - Ministry of Finance of Kazakhstan placed on the KASE November 24 13.4 million MEUKAM-180 of the third issue under 5.60% per annum. November 24, 2010 in the trade system of KASE, specialized trades on placement of government treasury bonds of the Ministry of Finance of the Republic of Kazakhstan MEUKAM-180 Release 3. Circulation period - 180 months (15 years), frequency of coupon payment - 1 per year. Placement volume amounted to 15,383,333 bonds worth KZT15.38 billion (111.50% of plan), the coupon rate - 5.60% per annum. The volume of active orders, the proportion of pension market had 31.6%, the share of Kazakhstan's second-tier banks (STB) - 18.5%, clients of STB - 31.8%, broker- dealers - 4.0%, their customers - 14.1%. According to data of Central Securities Depository JSC (Almaty), all transactions on placement MEUKAM-180 third edition by the end of calculations based on trades executed. 16.5% of the total outstanding bonds were redeemed by the subjects of the pension market, 19.8% - BWI, 33.0% - STB clients, 6.8% - broker-dealer companies, 23.9% - by customers of broker-dealers. Analysts of JSC "BCC Invest" and expect the following developments in international markets today: - Russia is expected to publish in international reserves. - in France 13:45 (AST) in France will be published on the index of consumer confidence for November. At 17:00 (AST) in the UK will be published CBI sales data for November. - In the U.S. publication of important economic statistics are expected. Today accountable Leed Petroleum Plc., Frontera Resources Corp. and Falcon Oil & Gas Ltd. 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 442 479 +8.37 Neutral KKGBp 215 335 +55.81 Buy Halyk Bank HSBK 357 386 +8.12 Buy Bank CenterCredit CCBN 589.99 646 +9.49 Hold Tsesnabank TSBN 870 1,030 +9.57 Neutral KazMunaiGaz RDGZ 17,790 22,300 +25.35 Buy Kazakhmys PLC GB_KZMS 3,250 3,392 +4.37 Neutral ENRC PLC GB_ENRC 2,120 2,858 +34.81 Buy Kazakhtelekom KZTK 17,200 19,200 +11.63 Buy KZTKp 8,000 9,300 +16.25 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. [2010-11-25]