Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for November 8, 2011

/IRBIS, November 8, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for November 8, 2011. Analysts of JSC "BCC Invest" now expect neutral opening of trades on ambiguous external background. Further, during the day, according to analysts, the dynamics will be also mixed, and KASE index will end the day near the neutral point. Analysts of BCC Invest JCS note the following events on Kazakhstani market today: - 09 November KASE held specialized trades on placement of MEOKAM-60 of release 41. As the price of the application must include the coupon rate percent per annum of the nominal value of the bond, expressed up to second decimal place. This indicator is a subject of bargaining. - The rate of export duty on nickel from 5 December will be $ 2.1 thousand per ton. Progressive export duty on nickel comes into force on 5 December and will be $ 2.1178 per thousand ton, follows from the decision of the Government dated 1 November, published on the official website of the Cabinet. A new method of calculation of export duty on nickel in conjunction with the quarterly prices on the London Metal Exchange (LME) has entered into force on 28 May, but before the release of an executive order in effect rate of 10% of customs value. At the cost of the cut-off to determine the fee level is $ 12 thousand per ton - in excess of this amount will be applied coefficients from 0.05 to 0.3. The basis of the monitoring calendar quarter is taken - fee will be calculated for the third quarter (July, August, September). Export duties were to take effect in mid- November, but later the introduction of a new technique has been postponed to the 5th day of the third calendar month following the billing period. According to the dynamics of stock prices, the average price of nickel on the results of the last quarter was $ 22.06 million with prices in excess of $ 20 thousand per ton, in the formula for calculating export duty applicable maximum betting odds. According to analysts of JSC "BCC Invest", the message is neutral for the stock quotes and depository receipts of "Norilsk Nickel", since it corresponds to the expectations of the market. Analysts of BCC Invest JCS expect the following developments on international markets today: - Today Russia is expected to publish data on exports, imports and trade balance for September. - Today in Germany at 13:00 (AST) will be published in the September data export and import, as well as on trade and balance of payments. In France, at 13:45 (AST) to be published data on its trade balance. In the UK, at 15:30 (AST) to be published data on industrial production in September, and at 21:00 (AST) will be published estimate of GDP growth from NIESR. - Today in the U.S. at 18:30 (AST) will be published index of optimism NFIB small business in October, and at 21:00 (AST) will be published index of economic optimism of the IBD / TIPP in November. - Today Toyota Motor Corp, Vodafone Group PLC, Sands China Ltd, State Bank of India, Lloyds Banking Group PLC, Intesa Sanpaolo SpA, Societe Generale SA, First Quantum Minerals Ltd, 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 156.20 157 +0.51 Neutral Halyk Bank HSBK 213.01 296 +38.96 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 2,220 2,440 +9.91 Hold ENRC PLC GB_ENRC 1,624 1,900 +17.00 Buy Kazakhtelekom KZTK 17,800 27,500 +54.49 Buy KZTKp 12,000 8,900 -25.83 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. [2011-11-08]