Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for December 2, 2010

/IRBIS. December 2, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for December 2, 2010. Analysts of JSC "BCC Invest" now expect a positive opening of trading on the shares included in the index KASE, against the backdrop of the positive closing of the shares and depositary receipts of Kazakhstan issuers yesterday in London. JSC "BCC Invest" also notes the following important events in the Kazakh market: - The inflow of funds into emerging markets stock funds surpassed the record in 2009 - EPFR. The influx of foreign investment in emerging markets stock funds continued last week, and the revenue so far this year has already exceeded the total level of 2009, which was the largest ever gathering of data, figures from research firm EPFR Global. According to a press release EPFR, net inflows into funds that invest money in stocks of emerging economies, a week before the Nov. 24 totaled $ 2.4 billion from $ 4 billion in total inflows into equity funds worldwide. Total assets of international equity funds EPFR estimated at $ 3.7 trillion. Total from January 1 to November 24 this year, emerging markets equity funds received $ 84.3 billion, while in 2009 the income amounted to $ 83.3 billion increase in the stock index MSCI Emerging Markets this year amounted to 9.3% surpassing the growth index of developed countries MSCI World (2.9%). As the International Monetary Fund forecasts the GDP of developing countries will grow next year at 6.4%, developed - only 4.2%. Bond funds recorded net outflows last week of $ 735 million in connection with the ongoing second week of the withdrawal of investments from U.S. municipal bonds, while money market funds received inflows of over $ 13 billion. Analysts of JSC "BCC Invest" and expect the following developments in international markets today: - in Russia 11:00 (AST) is expected to publish an index of business activity in the manufacturing industry. Today is expected to publish data on international reserves by November 26. - in France 12:30 (AST) will be published data on employment and unemployment for the third quarter. At 15:30 (AST) in the UK will be published data on the index of business activity in the construction sector in November. At 16:00 (AST) will be published data on the index of private sector consumption, the Producer Price Index, an index of gross fixed costs and expenses on an index of public sector Euro zone. At 18:45 (AST) data will be published on the ECB decision on the basic interest rate. - U.S. at 04:00 (AST) was published data on domestic sales of cars, as well as total sales of vehicles in November. At 19:30 (AST) will be published data on primary and repeat applications for unemployment benefits. At 21:00 (AST) will be published data on pending sales in the housing market, as well as the uncompleted transaction for the sale of housing. - Today reports VimpelCom Ltd., VeriFone Systems Inc, Aeropostale Inc. and 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 445 479 +7.64 Neutral KKGBp 210 335 +59.52 Buy Halyk Bank HSBK 350 386 +10.29 Buy Bank CenterCredit CCBN 580 646 +11.38 Hold Tsesnabank TSBN 865 1,030 +19.08 Neutral KazMunaiGaz RDGZ 17,050 22,300 +30.79 Buy Kazakhmys PLC GB_KZMS 3,200 3,392 +6.00 Neutral ENRC PLC GB_ENRC 2,130 2,298 +7.89 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. [2010-12-02]