Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for September 22, 2011

/IRBIS, September 22, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for September 22, 2011. Analysts of JSC "BCC Invest" now expect negative opening of trades on negative background. Further, during the day, according to analysts, on the local market dynamics will be descending, and the index of KASE, probably, will end the day with fall. Analysts of JCS "BCC Invest" note the following events on Kazakhstani market today: - Ministry of Finance of Kazakhstan placed on KASE September 21 10.0 million of MEUKAM-156 under the fourth edition of 5.00% per annum. September 21, 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-156 issue 4 with a maturity of 13 years (4,680 days) and a frequency of coupon payment every year was held. In the total of active orders, the proportion of pension market had 39.1%, the share of Kazakhstan commercial banks (STB) - 25.9%, clients of STB - 25.9%, broker- dealers - 0.2%, their clients - 8.8%. According to the JSC "Central Depository of Securities" (Almaty), all transactions on placement of MEUKAM-156 of fourth edition by the end of calculations based on trades executed. 49.6% of the total bonds were purchased by pension market subjects, 14.0% - STB, 35.0% - STB clients, 1.0% - by broker-dealer companies, 0.4% - clients of broker-dealers. Value rate of return to maturity (coupon rate) on the auction results meet the expectations of market participants and the forecast of "BCC Invest" JCS. Analysts of JSC "BCC Invest" expect the following developments on international markets today: - Russia is expected to publish data on international reserves and statements of Uralpotassium. - From 13:00 (AST) with half-hour intervals to be published data on the PMI index reflecting the business activity in the manufacturing and service sectors in France, Germany and the Eurozone. At 15:00 (AST) to be published data on euro area industrial new orders. In the UK, at 16:00 (AST) will be published CBI data on the balance of orders and cost prices. At 20:00 (AST) will be published index of consumer confidence in the Eurozone. - in the U.S. before the opening of trading at 18:30 (AST) to be published data on applications for unemployment benefits, at 19:45 (AST) Bloomberg publishes data on economic expectations index and consumer comfort. At 20:00 (AST) to be published data on leading indicators and an index of house prices. - today will be reporting Discover Financial Services, FedEx Corp, 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 285.01 Review KKGBp 158.40 Review Halyk Bank HSBK 236.50 Review Bank CenterCredit CCBN 369 608 +64.77 Buy Tsesnabank TSBN 870 1,030 +18.39 Neutral EP KazMunaiGaz RDGZ 14,370 Review Kazakhmys PLC GB_KZMS 2,330 3,500 +50.21 Buy ENRC PLC GB_ENRC 1,540 1,900 +23.38 Buy Kazakhtelekom KZTK 18,499 27,500 +48.66 Buy KZTKp 8,774 8,900 +1.44 Buy MREK MREK 1,251 1,130 -9.67 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. [2011-09-22]