Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for July 12, 2011

/IRBIS. July 12, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for July 12, 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: - The economy of Kazakhstan in I half rose by 7.1%, Prime- Minister Karim Masimov told. "It is now reported by the Statistics Agency - GDP growth in the first six months amounted to 7.1%", - said K. Massimov at the selector government meeting on Monday in Astana. It is reported that Kazakhstan's GDP in 2010 grew by 7% compared with 2009 and amounted to 21 trillion. 513.5 billion tenge (current 145.43/$ 1). In 2011, GDP growth is projected at 5%. - July 13 at KASE will be held specialized auction on placement of MEOKAM-60 of release 39 (KZK2KY050393). Stock code: KASE: MOM060_0039. Face value, KZT: 1 000.00. Payment date: 07/13/11 Date of circulation start: July 13 Last circulation date: July 12, 2016 Maturity date: July 13, 2016 Circulation period: 5 years (1800 days) Coupon frequency: 2 per year Declared level of accommodation, 11,000.0 mln. KZT Trade subject: coupon The degree of satisfaction of market orders, %: 70 "BCC Invest" analysts are expecting the following events on international markets today: - In the coming days Russia is expected to publish data for fiscal balance. - in France at 11:30 (AST) and in Germany at 12:00 (AST) to be published data on the consumer price index. In France, at 12:45 (AST) to be published data on balance of payments. In the UK at 14:30 to be published data on house price index from the DCLG, trade balance, according to the CPI, the PPI and the index of retail prices. - in U.S. at 17:30 (AST) to be published data on the optimism of small business from NFIB, at 18:00 (AST) - trade balance, and 20:00 (AST) - an index of economic optimism of the IBD/TIP and on open vacancies. 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 404 545 +34.90 Hold KKGBp 188 168 -10.64 Neutral Halyk Bank HSBK 325.01 415 +27.69 Hold Bank CenterCredit CCBN 499 608 +21.84 Buy Tsesnabank TSBN 942.85 1,030 +9.24 Neutral KazMunaiGaz RDGZ 17,600 20,500 +16.48 Buy Kazakhmys PLC GB_KZMS 3,155 3,870 +10.94 Hold ENRC PLC GB_ENRC 1,865 2,550 +17.96 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. [2011-07-12]