Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for February 2, 2011
02.02.11 18:45
/IRBIS. February 2, 2011/ - BCC Invest JSC has provided IRBIS with a
survey of main events, market reviews and investment ideas for February
2, 2011.
Analysts of JSC "BCC Invest" now expect a positive opening of trading
on a positive external background. Further, during the day at the
KASE, probably the growth of quotations continues, and this, according
to JSC "BCC Invest", will again be a good opportunity to close the
positions and take profits for those who have not done this before.
Analysts of JSC "BCC Invest" continue to believe that the likelihood of
a global correction in world stock markets in the near future is very
high.
JSC "BCC Invest" also notes the following important events in the
Kazakh market:
- Inflation in Kazakhstan in January 2011 was 1.7%. Food prices in the
past month increased by 3%, non-food products - by 0.5%, paid services
- by 1.2%. In the past month price increase observed for bread and
cereals by 1.1%, and buckwheat - by 18.6%. Millet - 4.7%, barley - 3.2%,
flour - by 1.6%. The level of prices for fruits was higher by 3.2%,
vegetables - by 12.1%, potatoes - by 26.1%. The prices for raw milk was
4.5%, meat and poultry - 4.2%, eggs - 4%, oils and fats - 2.8%, sugar -
2.2%, cheese and cottage cheese - 2%. Diesel prices increased by
2.6%, petrol - 2.5%, solid fuel - by 0.8%, pharmaceutical products,
detergents and cleaning products - by 0.5%, clothing and footwear -
0.4%, goods for personal care - 0.3% . Rail passenger transport services
rose by 2.2%, hairdressing and personal care facilities - by 0.8%, almost.
Restaurants and hotels - by 0.6%, healthcare - by 0.5%. In the area of
housing and communal services tariffs on hot water increased by 0.9%,
central heating and cold water - by 1.2%, sewerage - by 1.7%, garbage
collection - 4%, electricity - by 6.7%." with a target price of 9.98 pounds
per share.
Analysts of JSC "BCC Invest" and expect the following developments
in international markets today:
- Russia is expected to publish data on the Consumer Price Index for
the week and the beginning of the year.
- The UK 15:30 (AST) will be published data on the index of business
activity in the construction sector PMI. At 16:00 (AST) will be published
data on euro area producer price index.
- U.S. at 04:00 (AST) was published data on consumer confidence from
ABC, on domestic sales of cars and total sales of vehicles. At 18:00
(AST) will be published data on applications for mortgages from an
MBA, 18:30 (AST) - to reduce jobs, and in 19:15 (AST) - Change the
number of employees on ADP.
- Today reports JSC Gazprom, Nomura Holdings Inc, Western Union
Co, Broadcom 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 492.20 479 -2.68 Neutral
KKGBp 210 335 +59.52 Buy
Halyk Bank HSBK 385 432 +12.21 Hold
Bank CenterCredit CCBN 661 646 -2.27 Hold
Tsesnabank TSBN 865 1,030 +19.08 Neutral
KazMunaiGaz RDGZ 19,150 22,300 +16.45 Buy
Kazakhmys PLC GB_KZMS 3,700 3,977 +7.49 Hold
ENRC PLC GB_ENRC 2,400 2,298 -4.25 Neutral
Kazakhtelekom KZTK 19,600 19,200 -2.04 Hold
KZTKp 8,900 9,300 +4.49 Hold
MREK MREK 1,100 1,130 +2.73 Hold
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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.
[2011-02-02]