Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for June 23, 2011

/IRBIS. June 23, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for June 23, 2011. The analysts expect negative opening of trading on KASE on negative exterior background. During the day, following the forecast, the activity of market participants will remain low, as the dynamics of movement of stocks quotations will be predominantly negative, and the KASE index will end the day with decrease. Analysts of JSC "BCC Invest" expect the following developments on international markets today: - Ministry of Finance of Kazakhstan placed on KASE June 22 4.3 million of MEUKAM -72 under the seventh issue of 4.00% per annum. June 22, 2011 in the trade system of KASE was held specialized auction on placement of long-term treasury bills of the Ministry of Finance of the Republic of Kazakhstan MEUKAM-72 issue with a maturity of seven 6 years (2160 days) and a frequency of coupon payment every year. In the total of active orders, the proportion of pension market had 14.7%, the share of Kazakhstan commercial banks (STB) - 23.7%, clients of STB - 46.4%, broker-dealers - 2.2%, their customers - 13.0%. According to the JSC "Central Securities Depository" all transactions by placing MEUKAM-72 seventh edition by the end of calculations based on trades executed. 11.1% of the total outstanding bonds were purchased by STB, 65.8% - STB clients, 23.1% - clients of broker-dealers. Analysts of JSC "BCC Invest" believe that the current auction rate of return meets the expectations of market participants and market trends, although still negative in real terms Analysts of JSC "BCC Invest" expect the following developments on international markets today: - Russia will publish data on international reserves. - in France at 13:00 (AST) and in Germany at 13:30 (AST) will be published PMI indices in manufacturing and service sectors. At 14:00 (AST) to be published data on the Eurozone composite index PMI, and PMI for the manufacturing sector and service sector. In the UK, at 14:30 (AST) to be published data on the volume of mortgage loans from the BBA, and at 16:00 (AST) CBI will publish a review of sales. - in U.S. at 18:30 (AST) will be published data on the index of overall economic activity FRB Chicago, for the primary and re- apply for unemployment benefits, at 19:45 (AST) - index of consumer comfort from Bloomberg, and at 20:00 (AST) - sales in the primary housing market. Tonight at 02:00 (AST) will be published the composite index of retail prices. - today Oracle Corp, Accenture PLC, MMC Norilsk Nickel OJSC, Discover Financial Services, Bed Bath & Beyond Inc and others will be reporting. Analysts of BCC Invest JSC are giving the following advice for investors in securities of issuers in internal market: ------------------------------------------------------------- Closing Target Potential, Issuer Code price price % Recommen- dation ----------------- ------- ------- ------ ---------- --------- Kazkommertsbank KKGB 404.50 583 +44.13 Neutral KKGBp 188 196 +4.26 Neutral Halyk Bank HSBK 330 415 +25.76 Hold Bank CenterCredit CCBN 490 608 +24.08 Buy Tsesnabank TSBN 942.85 1,030 +9.24 Neutral EP KazMunaiGaz RDGZ 18,100 20,500 +13.26 Buy Kazakhmys PLC GB_KZMS 3,000 3,870 +29.00 Buy ENRC PLC GB_ENRC 1,880 2,550 +35.64 Buy Kazakhtelekom KZTK 19,600 Review KZTKp 9,540 9,300 -2.52 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. [2011-06-23]