Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for January 24, 2011

/IRBIS. January 24, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for January 24, 2011. Analysts of JSC "BCC Invest" is once again expected to multi- directional opening of trading on a mixed background of the close of trading on the shares and depositary receipts of Kazakhstan issuers on Friday in London. Further, during the day at the KASE trading dynamics will depend on investor sentiment in the western trading floors. JSC "BCC Invest" also notes the following important events in the Kazakh market: - January 25, 2011 in the trade system of KASE held a special trade on placement of long-term treasury bills of the Ministry of Finance of the Republic of Kazakhstan MEUKAM-156 Release 3 with maturity of 13 years (4,680 days) and Coupon Payments 1 per year. Declared level of accommodation - 14 million of bonds at $14 billion. Par Value - 1,000 KZT. Subject of bargaining will be the value of coupon rate per cent per annum of the bond nominal value, expressed to the second decimal place. Analysts of JSC "BCC Invest" and expect the following developments in international markets today: - In Russia the publication of important economic statistics is expected. - in France 14:00 (AST) and 14:30 (AST) in Germany published data on the manufacturing PMI index and index of business activity in the service sector PMI. At 15:00 (AST) published data on the Euro zone composite index PMI, an index of business activity in the service sector PMI, and 16:00 (AST) - in the new industrial orders NSA. - In the U.S. publication of important economic statistics are expected. - Today reports Halliburton Co, American Express Co, McDonald's Corp and others. 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 464 479 +3.23 Neutral KKGBp 210 335 +59.52 Buy Halyk Bank HSBK 383 386 +0.78 Buy Bank CenterCredit CCBN 670 646 -3.58 Hold Tsesnabank TSBN 865 1,030 +19.08 Neutral KazMunaiGaz RDGZ 19,700 22,300 +13.20 Buy Kazakhmys PLC GB_KZMS 3,690 3,977 +7.78 Hold ENRC PLC GB_ENRC 2,470 2,298 -6.96 Neutral Kazakhtelekom KZTK 19,700 19,200 -2.54 Hold KZTKp 9,300 9,300 0 Hold 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. [2011-01-24]