Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for July 11, 2011

/IRBIS. July 11, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for July 11, 2011. The analysts expect negative opening of trades on negative external background. During the day, on the forecast, the dynamics of quotations of most stocks included into KASE index will be mixed and multidimensional, and KASE index will end the day with decrease. Analysts of JSC "BCC Invest" expect the following developments on Kazakhstani market today: - Work of smelters N1 and N2 Aktobe Ferroalloy Plant (in the TNC "Kazchrome" from ENRC), hit by fire, resumed as usual, reported today the press service of TNC "Kazchrome". "Today at the Aktobe Ferroalloy Plant were connected all the 16 furnaces of three main smelter plants. Smelters resumed activities in the former regime", - was said in a press release from the TNC. The report said that "pre-damage production amount will be reached in the near future". The company team has taken all necessary measures to eliminate consequences of the accident, the restoration of production ahead of schedule, as well as minimizing losses, according to the information. Earlier it was reported that the work affected by the fire smelter plant will resume by 15 July. June 25 Aktobe Ferroalloy Plant caught fire inside the tunnel, high-voltage cables between the melting shops N1 and N2. The total area was 200 square meters. There were no victims and casualties. Analysts of JSC "BCC Invest" believe that the message is neutral for the stock prices of ENRC PLC. It has been nearly two weeks after reports of an accident at the Aktobe Ferroalloy Plant, and still do not know how the accident at the facility will affect operating results. Nevertheless, Inc. "BCC Invest" leaves the current recommendation on the shares of ENRC PLC to "buy" with target price of ? 9.40, because they do not believe that the decline in production will be critical, given the rapid restoration of production facilities. "BCC Invest" analysts are expecting the following events on international markets today: - in near two days Russia is expected to publish data on exports, import, trade budget and budget balance - in France at 12:45 (AST) will be published data on industrial outcome - in USA no important economic statistics will be published. 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 407 545 +33.91 Hold KKGBp 188 168 -10.64 Neutral Halyk Bank HSBK 332 415 +25.00 Hold Bank CenterCredit CCBN 499 608 +21.84 Buy Tsesnabank TSBN 942.85 1,030 +9.24 Neutral KazMunaiGaz RDGZ 17,600.01 20,500 +16.48 Buy Kazakhmys PLC GB_KZMS 3,300 3,870 +6.06 Hold ENRC PLC GB_ENRC 1,875 2,550 +17.33 Buy Kazakhtelekom KZTK 19,600 Review KZTKp 9,200 9,300 +1.09 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. [2011-07-11]