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:
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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
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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]