Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for July 29, 2011

/IRBIS. July 29, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for July 29, 2011. The analysts expect negative opening of trades on KASE on negative external background. During the day, according to the forecasts, the dynamics of stocks included into KASE index, will remain mixed and multidimensional, and KASE index will end the day with decrease. Analysts of "BCC Invest" JCS expect the following developments on Kazakhstani market today: - Kazakhmys PLC to release its operating results for the second quarter of 2011. Ore mining was 8,642.0 thousand tons (9.5%), copper grade 1.03% (4.0%), copper in concentrate 81.3 tonnes (12.9%), own concentrate 80.9 tonnes (12.5%), purchased concentrate 0.4 tonnes (300.0%), copper cathode 78.9 thousand tons (6.3%), own 78.9 thousand tons of concentrate (6.5%) , copper wire rod 7.0 thousand tons (-21.3%), zinc in concentrate production 39.4 thousand tons (8.8%), zinc content in ore 3.93% (- 6.9%), silver 4,436.0 thousand ounces (89.8%), own production of 430.0 thousand ounces of four (90.0%), silver content in the ore 17.16 grams/tonne (-11.2%), 46.2 thousand ounces of gold (94.9%), own production of 36.6 thousand ounces (89.6%), gold grade 0.71 grams/ton, dore 9.6 thousand ounces (118.2%), the contents of a dore 28 grams/ton (0.8%). According to the JSC "BCC Invest", operating results of Kazakhmys PLC for the second quarter are positive for the stock prices, as it shows significant improvement compared to the first quarter of this year. However, these results are consistent with the declared production plan of the company in 2011 as a result, analysts of JSC "BCC Invest" leave the current recommendation to "hold" with a target price of 15.00 pounds per share. 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 Germany at 12:00 (AST) will be released retail sales data. In the UK, at 12:00 (AST) to be published data on house prices, at 14:30 (AST) - on credit and monetary aggregate M4. In France, at 12:45 (AST) to be published data on producer prices and consumer spending. At 15:00 (AST) will be published CPI forecast on the euro area. - in U.S. at 18:30 (AST) to be published data on GDP, personal consumption and the CPI, at 19:45 (AST) - an index of business activity Chicago PMI, and at 20:00 (AST) - Price Index house of NAPM-Milwaukee. - today the following companies will be reporting: Chevron Corp, Merck & Co Inc, Total SA, ENI SpA, EDF SA, Amgen Inc, Anglo American PLC, Newmont Mining Corp, Schneider Electric SA, Uralkali, Mizuho Financial Group Inc, Sumitomo Mitsui Financial Group Inc, Gazprom OAO, Mitsubishi UFJ Financial Group Inc, KB Financial Group Inc, and others 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 375 545 +45.33 Hold KKGBp 167 168 +0.60 Neutral Halyk Bank HSBK 312.01 415 +33.01 Hold Bank CenterCredit CCBN 495 608 +22.83 Buy Tsesnabank TSBN 942.85 1,030 +9.24 Neutral KazMunaiGaz RDGZ 17,000 20,500 +20.59 Buy Kazakhmys PLC GB_KZMS 3,200 3,500 +9.38 Hold ENRC PLC GB_ENRC 1,915 2,200 +14.88 Buy Kazakhtelekom KZTK 19,600 Review KZTKp 9,200 9,300 +1.09 Hold MREK MREK 3,000 1,130 -62.33 Hold ------------------------------------------------------------- The given material has exclusively information character and is not the offer or recommendation to make any transactions with the stocks. IRBIS Agency doesn't take responsibility for the opinions which are in given material. [2011-07-29]