Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for March 17, 2011

/IRBIS. March 17, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for March 17, 2011. Analysts of JSC "BCC Invest" day at the KASE expect a negative opening of trading on the negative external background. Further, during the day, perhaps, the dynamics of the Kazakh market shares will depend on investor sentiment in the western trading floors. Analysts of JSC "BCC Invest" and expect the following developments in international markets today: - Ministry of Finance of Kazakhstan placed on the KASE 16 March 20.0 million MEUKAM-120 of the ninth release by 3.00% per annum. KASE reports that the March 16, 2011 in the trade system of KASE is specialized trades on placement of government treasury bonds of the Ministry of Finance of the Republic of Kazakhstan MEUKAM-120 issue 9 with maturity of 10 years (3,600 days) and Coupon Payments 1 per year. The volume of active orders, the proportion of pension market had 13.9%, the share of Kazakhstan's second-tier banks (BWI) - 19.6%, clients of STB - 47.3%, broker- dealers - 5.5% of their customers - 13.6%. Analysts of JSC "BCC Invest" and expect the following developments in international markets today: In today's Russia is expected to publish data on the consumer price index. - In today's Russia is expected to publish data on producer prices and international reserves. - At 16:00 (AST) will be published data on euro area production volume in the construction sector. - Today, the United States in 18:30 (AST) will be published data on the consumer price index, including the core CPI, the CPI without energy and food, as well as primary and repeated requests for unemployment benefits. At 19:15 (AST) will be published data on industrial production and capacity utilization, at 19:45 (AST) - from Bloomberg on economic expectations index and consumer comfort, and 20:00 (AST) - on leading indicators and the index of activity FRB Philadelphia. Today accountable PetroChina Co Ltd, FedEx Corp, China Overseas Land & - Investment Ltd, Alibaba.com Ltd, and others Analysts of BCC Invest JSC are giving the following advice for investors in securities of issuers in internal market: ---------------------------------------------------------------------- Issuer Last price Target Predicted price. code price % Recom- mendation ----------------- ------- ---------- ------ ---------------- --------- Kazkommertsbank KKGB 520 583 +12.12 Neutral KKGBp 230 196 -14.78 Neutral Halyk Bank HSBK 380 432 +13.68 Hold Bank CenterCredit CCBN 593.01 646 +8.94 Hold Tsesnabank TSBN 865 1,030 +19.08 Neutral KazMunaiGaz RDGZ 19,270.7 20,500 +6.38 Hold Kazakhmys PLC GB_KZMS 3,160 3,970 +25.63 Buy ENRC PLC GB_ENRC 2,175 2,767 +27.22 Buy Kazakhtelekom KZTK 19,550.01 19,200 -1.79 Hold KZTKp 9,350 9,300 -0.53 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. [2011-03-17]