Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for December 9, 2010

/IRBIS. December 9, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for December 9, 2010. Analysts of JSC "BCC Invest" now expect a mixed and multi- directional opening of trading on the shares included in the index KASE, the mixed background. According to forecasts of JSC "BCC Invest", today, the dynamics of trades at the KASE would be volatile, and the index of KASE, probably end the day short. JSC "BCC Invest" also notes the following important events in the Kazakh market: - JSC Development Bank of Kazakhstan opened a book of applications for Eurobonds with a maturity of 5 to 5.5 years, the report indicates Kazakhstan the lead manager on the proposed transaction Halyk Finance. Acceptance of applications began at 16:00 Astana time. Expected date for determining the price and volume to meet investors' applications - December 10, the expected settlement date - December 16. As reported, the BRC began road-show December 1, 2010 to attract investors to participate in the planned placement of Eurobonds. International lead-managers were appointed by Citi, Deutsche Bank and JP Morgan. The bonds are scheduled to release a program to produce medium term notes totaling $ 2 billion. Analysts of JSC "BCC Invest" and expect the following developments in international markets today: - Russia is expected to publish data on international reserves on 03 December. - in Germany 13:00 (AST) is expected to publish data on the consumer price index for November, both internal and taking into account the EU. At 14:00 (AST) in the UK is expected to publish data on house price index Halifax. At 15:00 (AST) is expected to publish a monthly survey from the European Central Bank. At 15:30 (AST) in the UK is expected to publish data on the likely balance of trade, trade balance excluding the EU, and the overall trade balance for October. At 18:00 (AST) in the UK is expected to publish data on the solution at the rate of the Bank of England. - U.S. at 19:30 (AST) is expected to publish data on primary and repeat applications for unemployment benefits. At 21:00 (AST), is expected to publish data on wholesale inventories. - Today reports Green Mountain Coffee Roasters Inc., Lululemon Athletica Inc., and others. the following advice for investors in securities of issuers in internal market: ---------------------------------------------------------------------- Issuer Last price Target Predicted price. code price % Recom- mendation ----------------- ------- ---------- ------ ---------------- --------- Kazkommertsbank KKGB 420 479 +14.05 Neutral KKGBp 210 335 +59.52 Buy Halyk Bank HSBK 362 386 +6.63 Buy Bank CenterCredit CCBN 585 646 +10.43 Hold Tsesnabank TSBN 865 1,030 +19.08 Neutral KazMunaiGaz RDGZ 17,500 22,300 +27.43 Buy Kazakhmys PLC GB_KZMS 3,456 3,977 +15.08 Neutral ENRC PLC GB_ENRC 2,200 2,298 +4.45 Buy Kazakhtelekom KZTK 17,400 19,200 +11.63 Buy KZTKp 8,250 9,300 +12.73 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. [2010-12-09]