Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for October 24, 2011
/IRBIS, October 24, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for October 24, 2011.
Analysts of JSC "BCC Invest" now expect positive opening of trades amid growth of shares and depository receipts of Kazakhstani issuers in London the day before. Further, during the day, according to analysts, the dynamics will be same, and KASE index will end the day with increase
Analysts of BCC Invest JCS expect the following developments on international markets today:
- Russia is expected to publish data on international reserves.
- no publication of important economic statistics is expected in Russia.
- in France at 13:00 (AST) and Germany at 13:30 (AST) will be published PMI indexes of business activity in manufacturing and services. At 14:00 (AST) will be published Eurozone PMI composite index and at 15:00 (AST) - data on euro area industrial new orders.
- in the United States at 18:30 (AST) will be published index of general economic activity from FRB Chicago.
- today Caterpillar Inc, Amgen Inc, Lorillard Inc, China Coal Energy Co Ltd, VF Corp, Eaton Corp, 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 255 320 +25.49 Neutral
KKGBp 148 157 +6.08 Neutral
Halyk Bank HSBK 216 322 +49.07 Buy
Bank CenterCredit CCBN 320 608 +90.00 Buy
Tsesnabank TSBN 865 1,030 +19.08 Neutral
KazMunaiGaz RDGZ 14,299 15,900 +11.20 Buy
Kazakhmys PLC GB_KZMS 2,020 2,440 +20.79 Buy
ENRC PLC GB_ENRC 1,500 1,900 +26.67 Buy
Kazakhtelekom KZTK 18,153.27 27,500 +51.49 Buy
KZTKp 10,600 8,900 -16.04 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.
[2011-10-24]