Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for November 4, 2011

/IRBIS, November 4, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for November 4, 2011. Analysts of JSC "BCC Invest" now expect positive opening of trades on positive external background. Further, during the day, according to analysts, the dynamics will be uptrend, and KASE index will end the day with growth. Analysts of BCC Invest JCS note the following events on Kazakhstani market today: - KazMunaiGas Exploration Production reports that the final specialized trades on repurchase of preferred shares in the trade system of KASE will be held from c 21 November to 20 December 2011. Calculations will be held on 23 December 2011. As part of the redemption of preference shares the Company has already acquired about 1.9 million of preferred shares totaling about 35 billion tenge. After the final trading company specialized place an ad on the results of their conduct. The total number of authorized and outstanding preferred shares, "" KazMunaiGas "is currently 4,136,107 pieces. The buyer intends to purchase up to 100% of the specified number of securities. Specialized trades will take place in the trade system of KASE at 11:30 Almaty time (ALT) November 21 to 16:00 ALT December 20, 2011. JSC "BCC Invest" encourages private investors to bring the existing preferred stock to redemption at the last auction, as is predicted, after completion of the buyout market liquidity of these shares will be reduced significantly, and the discount in relation to the common shares will increase. Analysts of BCC Invest JCS expect the following developments on international markets today: - In Russia no important economic statistics will be published; - in Germany at 13:55 (AST), in Italy at 14:45 (AST) and in France at 14:50 (AST) will be published indexes of business activity in the services sector PMI for October. At 15:00 (AST) will be published composite index of PMI and PMI PMI in the Eurozone service sector in October, and at 16:00 (AST) will be published producer price index for the euro area in September. In Germany at 16:00 (AST) to be published data on industrial orders in September. - In the United States at 18:30 (AST) to be published data on the labor market in the U.S. in October, including - in terms of unemployment, average hourly wages, the change in the number of people employed in non-farm, private and industrial sectors, as well as study of changes in households of employees. - Today Berkshire Hathaway Inc, Royal Bank of Scotland Group PLC, KKR & Co LP, Commerzbank AG, Lafarge SA, Alcatel-Lucent, and many 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 240.75 320 +32.92 Neutral KKGBp 156.20 157 +0.51 Neutral Halyk Bank HSBK 215 296 +37.67 Buy Bank CenterCredit CCBN 300 608 +102.67 Buy Tsesnabank TSBN 800 1,030 +28.75 Neutral KazMunaiGaz RDGZ 14,979 15,900 +6.15 Buy Kazakhmys PLC GB_KZMS 2,209.55 2,440 +10.43 Buy ENRC PLC GB_ENRC 1,578.25 1,900 +20.39 Buy Kazakhtelekom KZTK 17,600 27,500 +56.25 Buy KZTKp 11,900 8,900 -25.21 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. [2011-11-04]