Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for October 19, 2011

20.10.11 17:38
/IRBIS, October 19, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for October 19, 2011. Analysts of JSC "BCC Invest" now expect neutral opening of trades amid multidimensional closure of Kazakhstani issuers in London the day before. Further, during the day, according to analysts, the dynamics will be negative on negative external background formed today. Analysts of BCC Invest JCS expect the following developments on international markets today: - Russia is expected to publish data on international reserves. - in Germany at 12:00 (AST) to be published data on producer prices in September, and at 16:00 (AST) will be issued updated forecast for German GDP. In the UK, at 14:30 (AST) will be published retail sales data for September. At 20:00 (AST) will be published index of consumer confidence in the Eurozone. - In the United States before the opening of trading at 18:30 (AST) to be published data on applications for unemployment benefits, at 19:45 (AST) will be published indices of consumer comfort and economic expectations from Bloomberg. At 20:00 (AST) will be published sales data on the secondary housing market and the index of business activity from Philadelphia Fed. - today AT & T Inc, Philip Morris International Inc, Eli Lilly & Co, China Mobile Ltd, MMC Norilsk Nickel OJSC, Union Pacific Corp, Baxter International Inc, Danaher Corp, Nokia OYJ, 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 245 320 +30.61 Neutral KKGBp 148 157 +6.08 Neutral Halyk Bank HSBK 209 322 +54.07 Buy Bank CenterCredit CCBN 329.90 608 +84.30 Buy Tsesnabank TSBN 865 1,030 +19.08 Neutral KazMunaiGaz RDGZ 14,299 15,900 +11.20 Buy Kazakhmys PLC GB_KZMS 2,050 2,440 +19.02 Buy ENRC PLC GB_ENRC 1,575 1,900 +20.63 Buy Kazakhtelekom KZTK 17,900 27,500 +53.63 Buy KZTKp 10,300 8,900 -13.59 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. [2011-10-20]