Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for August 16, 2011

/IRBIS, August 16, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for August 16, 2011. The analysts expect positive opening of bidding at KASE on positive external background. During the day, according to the forecasts, on local markets the sales on corrective sentiment are possible, and KASE index will end the day near the neutral point. Analysts of JCS "BCC Invest" expect the following developments on Kazakhstani market today: - The gross domestic product for January-June 2011. (operational data) in current prices amounted to KZT 10,108.6 billion. Compared to the same period of 2010. Real GDP grew by 7.1%. In the GDP share of manufacturing goods was 41.4%, services - 52.4%. Investments in fixed assets in January-July 2011 amounted to KZT 2,337 billion, which is 0.3% more than the same period last year. Industrial output in January-July 2011 amounted to 8,943 bln at current prices, which is 4.8% more than in January-July 2010. In mining and quarrying production rose by 2.7%, processing industry - by 8.1%, electricity, gas, steam and air conditioning - at 7%. In water supply, sewerage system, control over the collection and distribution of waste production decreased by 3.3%. The volume of gross agricultural output in January-July 2011 amounted to 568.5 billion, an increase of 0.3% in January-July 2010. The volume turnover in January-July 2011 amounted to 231.6 billion ton-kilometers (based on an assessment of turnover of individual entrepreneurs engaged in commercial transportation), and increased by 15% compared with the corresponding period of 2010. The volume of retail sales for the period totaled KZT 1,928.8 billion (without recourse to public power) and increased by 12.4% compared with January-July 2010. The volume of wholesale trade for the period amounted to 5,153.1 billion tenge, an increase of 15.3% compared with January-July 2010. The volume of services to provide food and beverages for the period amounted to 94.2 billion tenge, an increase of 15.1% compared with January-July 2010. Foreign trade turnover of Kazakhstan (the data of Customs Control Committee of the Ministry of Finance of the Republic of Kazakhstan, excluding non-organized trade) in January-June 2011 amounted to $61,559.0 million and in comparison with January-June 2010 increased by 44.7%, including exports - 44,916.3 million USD (by 51.8% more), imports - U.S. $ 16,642.7 million (28.4% increase). - Ministry of Finance of Kazakhstan offered additionally to the KASE August 15 MEUKAM 11.3 million-132 fourth edition by 4.90% per annum. August 15, 2011 in the trade system of KASE held repeated specialized auction on placement of long-term treasury bills of the Ministry of Finance of the Republic of Kazakhstan MEUKAM-132 issue 4 with a maturity of 11 years and a frequency of coupon payment every year. According to the JSC "Central Securities Depository" all transactions by placing MEUKAM-132 fourth edition by the end of calculations based on trades executed. 16.8% of the total outstanding bonds were purchased by pension market subjects, 8.9% - STB, 65.5% - STB clients, 8.9% - clients of broker-dealers. Given the previously conducted full range of accommodation MEUKAM-132 was the fourth issue of 19.3 million bond in the amount of par value of 19,300,000 000.00 tenge. - August 18, 2011 in the trade system of KASE specialized auction on placement of long-term treasury bills of the Ministry of Finance of the Republic of Kazakhstan MEUKAM- 180 of 4 issue on the following terms (Almaty time) was held. National identification number: KZKDKY150040 Stock code: KASE: MUM180_0004 Face value, KZT: 1 000.00 Payment date: 08/18/11 Date of circulation start: 18.08.11 Last circulation date: 17/08/26 Maturity date: 18/08/26 Circulation period: 15 years (5400 days) Coupon frequency: 1 per year Coupon payment date: 18 August each year Declared level of accommodation, KZT: 14,000.0 Trade subject: coupon Analysts of JSC "BCC Invest" expect the following developments on international markets today: - In the next two days in Russia publication of data on producer prices is expected. - at 12:00 (AST) to be published data on the GDP of Germany, at 14:30 (AST) in the UK to be published data on the index of housing prices from DCLG, as well as the consumer price index, producer prices and retail prices. At 15:00 (AST) to be published data on euro area GDP and trade balance. - in the United States at 18:30 (AST) to be published data on the price index for imports and the construction of new homes, and at 19:15 (AST) - industrial production and capacity utilization. - today the following will be reporting: Wal-Mart Stores Inc, Westpac Banking Corp, Home Depot Inc, Dell Inc, China Coal Energy Co Ltd, 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 319.50 545 +70.58 Hold KKGBp 144 168 +16.67 Neutral Halyk Bank HSBK 263 415 +57.79 Hold Bank CenterCredit CCBN 449.40 608 +35.29 Buy Tsesnabank TSBN 865 1,030 +19.08 Neutral KazMunaiGaz RDGZ 14,800 20,500 +38.51 Buy Kazakhmys PLC GB_KZMS 2,560 3,500 +36.72 Buy ENRC PLC GB_ENRC 1,650 2,200 +33.33 Buy Kazakhtelekom KZTK 18,190 Review KZTKp 7,800 9,300 +19.23 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. [2011-08-16]