Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for January 11, 2011

/IRBIS. January 11, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for January 11, 2011. Analysts of JSC "BCC Invest" now expect a negative opening of trading on the negative external background. Further, during the day may change the dynamics of trades and the index of KASE, probably end the day short. JSC "BCC Invest" also notes the following important events in the Kazakh market: - In January-December 2010 in Kazakhstan's industrial production increased by 10%. In January-December 2010 compared with same period in 2009 increased production of coal and lignite, crude oil, natural gas, iron ore. Increased food production and refining, construction materials, textile and wood products, chemicals, metallurgy and machine building. Production growth was observed in 14 regions of the country. Decline recorded in Western Kazakhstan and Kyzylorda areas. - Halyk Bank of Kazakhstan reported on upcoming meetings with potential investors in a possible international bond issue. Halyk Bank of Kazakhstan, who assigned ratings of Ba2 (Moody's) / B + (Standard & Poor's) / B + (Fitch), commissioned Citi, Deutsche Bank and JSC "Halyk Finance" as the joint lead managers and bookrunner to arrange meetings with potential investors, which will begin the week of Jan. 10, 2011, in connection with the possible deployment of international bonds of the People's Bank of Kazakhstan in the near future depending on market conditions. Stabilization: FSA / ICMA. JSC "Halyk Finance" announces a presentation to potential Kazakhstani investors on 14 January in Almaty at 15.00 Almaty time in the building of JSC "National Bank of Kazakhstan" at: Abay, 109 "B", 5 th floor, Room 503 . - OJSC Severstal announced the receipt of 100% control over the Crew Gold. According to a press release, Severstal, Nord Gold NV (A subsidiary of Severstal) announced receipt of 100% control of Crew Gold, bought 7,077,313 (6.62%) common shares at $ 4.65 for 1 share. Buying shares in gold mining company began in February 2010, when Nord Gold has collected 26.59% of shares. By the summer of 2010 the company increased its stake to 40.38% by buying shares from minority shareholders, and in June, has already become the holder of 93.38% stake, bought 43% stocks in Endavour Financial Corporation for $ 215 million Nikolai Zelensky, Chief Executive Officer Nord Gold, said in a commentary that the company is pleased to fully integrate Crew Gold in the gold division, adding that the company intends to continue investing in this asset to improve operational and financial efficiency. He also noted that the acquisition is a significant part of the development of gold mining division and will bring a real value to shareholders, and the development of locally and Guinea, in general. Analysts of JSC "BCC Invest" believe that this news will not have a strong influence on the quotations of securities of OJSC Severstal, since the deal was expected. JSC "BCC Invest" leaves the current recommendation to "buy" with target price of $ 25.92 per depositary receipt. Analysts of JSC "BCC Invest" and expect the following developments in international markets today: - Russia is expected to publish data on the core consumer price index and inflation, the reserve fund and fund of national welfare. - The UK 06:01 (AST) were published data on retail sales for December of BRC. At 13:30 (AST) in France is expected to publish data on an index of business sentiment from the Bank of France. - U.S. at 18:30 (AST) is expected to publish data from the optimism of small business from the NFIB. At 21:00 (AST) are expected to publish data on JOLTs-opening of vacancies and on wholesale inventories. Analysts of JSC "BCC Invest" give the following advice for investors in securities of issuers in the domestic Kazakh market:: ---------------------------------------------------------------------- Issuer Last price Target Predicted price. code price % Recom- mendation ----------------- ------- ---------- ------ ---------------- --------- Kazkommertsbank KKGB 438.99 479 +9.11 Neutral KKGBp 210 335 +59.52 Buy Halyk Bank HSBK 370 386 +4.32 Buy Bank CenterCredit CCBN 600 646 +7.67 Hold Tsesnabank TSBN 865 1,030 +19.08 Neutral KazMunaiGaz RDGZ 17,450 22,300 +27.79 Buy Kazakhmys PLC GB_KZMS 3,540 3,977 +12.34 Hold ENRC PLC GB_ENRC 2,400 2,298 -4.25 Hold Kazakhtelekom KZTK 18,550 19,200 +3.50 Buy KZTKp 8,600 9,300 +5. 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. [2011-01-11]