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26.10.2011 16:20 #KASE news

Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for October 26, 2011

/IRBIS, October 26, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for October 26, 2011.

Analysts of JSC "BCC Invest" now expect neutral opening of trades amid multidirectional movement of quotations of stocks and depository receipts of Kazakhstani issuers in London the day before. Further, during the day, according to analysts, the dynamics on locale will depend on mood of foreign investors.

Analysts of BCC Invest JCS expect the following developments on international markets today:

- In Russia publication of consumer price index is expected;

- in Germany at 12:00 (AST) will be published on the import price index. In France, at 12:45 (AST) will be published indicator of overall demand and at 22:00 (AST) - the data on unemployment. In the UK, at 14:30 (AST) CBI will publish indexes sale prices, optimism, and the balance of orders.

- In the United States before the opening of trading at 17:00 (AST) to be published data on applications for mortgages, at 18:30 (AST) - on orders for durable goods, and at 20:00 (AST) - Sales in the primary market of housing.

- today Agricultural Bank of China Ltd, Bank of China Ltd, Vale SA, Rosneft Oil Co, MMC Norilsk Nickel OJSC, BOC Hong Kong Holdings Ltd, Telenor ASA, ConocoPhillips, GlaxoSmithKline PLC, Visa Inc, SAP AG, Ford Motor Co, Boeing Co, Goldcorp Inc, Banco Bilbao Vizcaya Argentaria SA, Exelon Corp, Lockheed Martin Corp, WellPoint 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          255    320     +25.49 Neutral
                  KKGBp         148    157      +6.08 Neutral
Halyk Bank        HSBK       220.10    322     +53.26 Buy
Bank CenterCredit CCBN       319.75    608     +90.15 Buy
Tsesnabank        TSBN          865  1,030     +19.08 Neutral
KazMunaiGaz       RDGZ       14,800 15,900      +7.43 Buy
Kazakhmys PLC     GB_KZMS     2,181  2,440     +11.88 Buy
ENRC PLC          GB_ENRC     1,600  1,900     +18.75 Buy
Kazakhtelekom     KZTK    18,162.80 27,500     +51.41 Buy
                  KZTKp      11,530  8,900     -22.81 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.

[2011-10-26]