Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for September 28, 2011

/IRBIS, September 28, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for September 28, 2011. Analysts of JSC "BCC Invest" now expect positive opening of trades on positive external background. Further, during the day, according to analysts, on the local market dynamics will be mixed and multidimensional, and the index of KASE, probably, will end the day with slight increase. Analysts of JCS "BCC Invest" note the following events on Kazakhstani market today: - Former employees of RUSAL in Guinea blocked the railway, making it difficult for the shipment of raw materials. On June 27, Bloomberg news portal published reports that a group of former employees of the company alumina Phrygia, Guinea, blocked railway traffic from the plant in Conakry, a seaport, thus making it difficult for the shipment of raw aluminum, according to team member Talib Diallo. Talib Diallo said during a telephone conversation that the company can not pay salary arrears, which led to participation in the protest and 132 people, "they're going to keep blocking rail traffic until full repayment of wage arrears." Alumina plant in Guinea Phrygia has a production capacity of 2.1 million tonnes of bauxite and 618 thousand tons of alumina per year. Yuri Grigoryev, the Speaker of the company, said in an emailed statement that the company settled the question of claims of former employees, and that senior officials of Guinea notified of the decision the incident. The Speaker said that all works are usually in Phrygia mode. According to analysts of JSC "BCC Invest" the message is a negative for stock prices of UC RUSAL. In addition, the post of publications in the media became aware that the country outlines exacerbation between the government and the opposition, which represents a significant political risk for the activities of UC RUSAL in Guinea, which has significant reserves of bauxite needed to produce alumina and aluminum. Today (09/28/2011) in Guinea is the second anniversary of the mass carnage in the capital, Conakry. In 2009, was brutally suppressed a demonstration against a free election helm of the military junta that has killed 150 protesters. According to media reports, Prime Minister M. Fofana called on the people supporting the opposition not to participate in a protest marking the anniversary of the events in Conakry, which will be evidenced by the dissatisfaction with the current government, as this can have a negative impact on the investment attractiveness of the country. At this time, the recommendation on the shares of UC RUSAL is being reviewed. Analysts of JSC "BCC Invest" expect the following developments on international markets today: - Today Russia will publish the Consumer Price Index and the statements of "Polymetal" for the first half of 2011. - Today, in France at 11:30 (AST) will be published GDP data. At 12:00 (AST) in Germany to be published data on import prices, and during the day will be published consumer price indices, both in composite context and in the context of administrative districts. - Today, the United States at 17:00 (AST) to be published data on applications for mortgages from the MBA, and at 18:30 (AST) - on orders for durable goods. Today Darden Restaurants Inc, Mosaic Co, Family Dollar Stores Inc and others will be reporting. 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 265 Review KKGBp 148 Review Halyk Bank HSBK 237.52 Review Bank CenterCredit CCBN 330 608 +84.24 Buy Tsesnabank TSBN 903 1,030 +14.06 Neutral KazMunaiGaz RDGZ 13,600 15,900 16.91 Buy Kazakhmys PLC GB_KZMS 2,000 3,450 +72.50 Buy ENRC PLC GB_ENRC 1,380 1,900 +37.68 Buy Kazakhtelekom KZTK 17,700 27,500 +55.37 Buy KZTKp 8,988 8,900 -0.98 Buy MREK MREK 1,714.70 1,130 -34.10 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. [2011-09-28]