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

/IRBIS. June 24, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for June 24, 2011. The analysts expect negative opening of trading on KASE amid sharp decrease of prices of shares and depository receipts of Kazakhstani issuers in London the day before. During the day, following the forecast, the activity of market participants will higher than usual, and the most of morning losses will be able to played off, but the KASE index will end the day on negative terriroty. Analysts of JSC "BCC Invest" expect the following developments on international markets today: - June 27, 2011 in the trade system of KASE will take place trades re-dedicated on placement of long-term treasury bills of the Ministry of Finance of the Republic of Kazakhstan MEUKAM-156 Release 3. As the price of the order must be given a "clean" (without accrued interest) bond price as a percentage of nominal value, expressed in up to four decimal places. This indicator is a subject of bargaining. According to forecasts of JSC "BCC Invest", the yield to maturity for a buyer emerged at an auction at 4.75% - 5.25% per annum, with the most probable value of 5.0% per annum. Analysts of JSC "BCC Invest" expect the following developments on international markets today: - Russia is expected to publish data on monetary base in narrow definition - in France at 12:45 (AST) will be published index of consumer confidence. In Germany, at 14:00 (AST) IFO business climate index will be published by the indicators and the current situation and expectations. In Italy at 14:30 (AST) will be released retail sales data. - in U.S. at 18:30 (AST) to be published data on orders for durable goods, GDP, personal consumption on the baseline and the consumer price index. 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 3 099,99 3 870 +24,84 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. [2011-06-24]