Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for October 13, 2011

/IRBIS, October 13, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for October 13, 2011. Analysts of JSC "BCC Invest" now expect positive opening of trades on positive external background. Further, during the day, according to analysts, dynamics on the local market will remain positive, and KASE index will probably end the day with increase. Analysts of JCS "BCC Invest" note the following significant events on Kazakhstani market today: - Kazakhmys PLC has announced that in accordance with the share buyback program on August 25, 2011, it entered into an agreement with brokers Citigroup Global Markets UK Equity Limited and JP Morgan Securities Ltd for the purchase of shares in a certain period, from 13 to 27 October this year. The company has left brokers with independence in shopping decisions, and will not have any effect at the time of redemption. According to the JSC "BCC Invest", the message is positive for the stock prices Kazakhmys PLC, as it implies greater demand for the company's assets in the next two weeks. According to the calculations of JSC "BCC Invest", the company has repurchased 600 thousand shares, spending $ 7.8 million, based on reports of transactions in own shares of the company, at what price at which transactions have been concluded, correspond to market on the date of the transaction. JSC "BCC Invest" reiterates the recommendation on the shares of Kazakhmys PLC at BUY' with a target price of 10.40 pounds per share. Analysts of JSC "BCC Invest" expect the following developments on international markets today: - in Russia publication of data on international reserves and balance of the budget (YTD) is expected. - in Germany 12:00 (AST) to be published data on the consumer price index. At 14:00 (AST) The ECB will publish a monthly report for October. In the UK, at 14:30 (AST) to be published data on the trade balance. - In the United States before the opening of trading at 18:30 (AST) will be published data on the fiscal balance data and applications for unemployment benefits. At 19:45 (AST) will be published index of consumer comfort from Bloomberg, and the rest of the week - a monthly report on budget execution. - today Google Inc, JPMorgan Chase & Co, OCI Co Ltd, Safeway 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 259 Review KKGBp 148 Review Halyk Bank HSBK 217 322 +48.39 Buy Bank CenterCredit CCBN 336.50 608 +80.68 Buy Tsesnabank TSBN 865 1,030 +19.08 Neutral KazMunaiGaz RDGZ 13,600 15,900 +16.91 Buy Kazakhmys PLC GB_KZMS 2,100 2,440 +16.19 Buy ENRC PLC GB_ENRC 1,460 1,900 +30.14 Buy Kazakhtelekom KZTK 18,200 27,500 +51.10 Buy KZTKp 9,630 8,900 -7.58 Buy MREK MREK 1,299 1,130 -13.01 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. [2011-10-13]