Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for November 29, 2010

/IRBIS. November 29, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for November 29, 2010. Analysts of JSC "BCC Invest" now expect a mixed and multi- directional opening of trading on the shares included in the index KASE, in an uncertain external background. According to the JSC "BCC Invest", the dynamics of KASE index later in the day would be volatile and KASE index end the day little change. JSC "BCC Invest" also notes the following important events in the Kazakh market: - National Company KazMunaiGas plans to float on the informal market of Kazakhstan, 7-year bonds by KZT100 billion, said underwriters Halyk Finance and Visor Capital. Underwriters begin taking bids from investors to participate in the planned initial public offering of the bonds. The total amount of bonds 100 million shares, nominal value - KZT1 thousand, maturity 7 years. The rate of return - 7% per annum to maturity, the interest rate is not established due to the fact that the bonds are discounted. As reported, KMG planned release discount unsecured bonds worth KZT100 billion. The proceeds from the issue, the company planned to extend the financing of investment programs and refinance current debt of the company. Analysts of JSC "BCC Invest" and expect the following developments in international markets today: - In Russia the publication of important economic statistics is expected. - The UK 06:01 (AST) were published reviews of real estate prices. At 15:30 (AST) in the UK will be published data on consumer credit and monetary aggregates (M4). At 16:00 (AST) will be published on the consumer, economic and industrial confidence in the Euro zone. - U.S. at 21:30 (AST) is expected to publish an index of manufacturing activity Dallas Fed. - Today reports Global Logistic Properties Ltd., Pursuit Dynamics PLC. and SodaStream International 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 437 479 +9.61 Neutral KKGBp 215 335 +55.81 Buy Halyk Bank HSBK 350 386 +10.29 Buy Bank CenterCredit CCBN 588.99 646 +9.68 Hold Tsesnabank TSBN 870 1,030 +19.08 Neutral KazMunaiGaz RDGZ 17,500 22,300 +27.43 Buy Kazakhmys PLC GB_KZMS 3,235 3,392 +4.85 Neutral ENRC PLC GB_ENRC 2,150 2,858 +32.93 Buy Kazakhtelekom KZTK 17,202 19,200 +11.61 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. [2010-11-29]