Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for January 12, 2011

/IRBIS. January 12, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for January 12, 2011. Analysts of JSC "BCC Invest" now expect a positive opening of trading on a positive external background. Further, during the day dynamics of trades will be positive, and the index of KASE, probably end the day increases. JSC "BCC Invest" also notes the following important events in the Kazakh market: - For January-December 2010, net international reserves of National Bank of Kazakhstan grew by 23.04% to end of year $ 27,723 million, the National Fund assets grew by 25.48% to end of year $ 30,578 million in December growth of these figures were 1.69% and 1.11%. Analysts of JSC "BCC Invest" and expect the following developments in international markets today: - Russia is expected to publish data on weekly inflation. - The UK 15:30 (AST) will be published data on the trade balance for November. In the Euro zone in 16:00 (AST) will be published data on the volume of industrial production for November. - U.S. at 19:30 (AST) is expected to publish data on the prices of imports in December, and in 01:00 (AST) is expected to publish "The Fed Beige Book" and a monthly report on budget execution for December. 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 375 386 +2.93 Buy Bank CenterCredit CCBN 609 646 +6.08 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 18,899 19,200 +1.59 Buy KZTKp 8,800 9,300 +5.68 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. [2011-01-12]