Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for November 24, 2011

/IRBIS, November 24, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for November 24, 2011. Analysts of JSC "BCC Invest" now expect moderately negative opening of trades on negative external background. Further, during the day, according to analysts, the dynamics will be mixed and multidimensional, and KASE index will, probably, end the day with decrease. Analysts of BCC Invest JCS note the following events on domestic market today: - November 23, 2011 in the trade system of KASE specialized auction on placement of long-term treasury bills of the Ministry of Finance of the Republic of Kazakhstan MEUKAM-180 of release 5 with a maturity of 15 years (5400 days) and frequency of coupon 1 time per year was held. RESULTS: The volume of bids, bonds: 20.1 million Number of bids: 8 The volume of bids,% of plan: 118.2 Coupon rate,% pa: 5.00 In the total of active orders, the proportion of pension market was 40.9%, the share of Kazakhstani second-tier banks (STB) - 6.5%, STB clients - 39.0%, broker-dealers - 2.1%, their clients - 11.5%. According to the JSC "Central Securities Depository" all transactions on placement of MEUKAM-180 of the fifth edition of the end of the trading results of the calculations were performed. 47.8% of the total volume of bonds was purchased by pension market subjects, 39.8% - STB clients, 12.4% - clients of broker-dealers. Analysts of BCC Invest JCS expect the following developments on international markets today: - Russia is going to publish data on international reserves. - in Germany at 13:00 (AST) and in the UK at 15:30 (AST) will be published key indicators of the economy in Q3 2011. At 15:00 (AST) in Germany to be published data on indicators of IFO business climate, current situation and expectations. At 15:30 (AST) in the UK will be published index of activity in the services sector in September. - U.S. trades will be closed in observance of Thanksgiving Day. 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 221.05 320 +44.76 Neutral KKGBp 156.20 157 +0.51 Neutral Halyk Bank HSBK 210 Review Bank CenterCredit CCBN 285 Review Tsesnabank TSBN 800 1,030 +28.75 Neutral KazMunaiGaz EP RDGZ 14,001.99 15,900 +13.56 Hold Kazakhmys PLC GB_KZMS 1,950 2,440 +25.13 Hold ENRC PLC GB_ENRC 1,439.15 1,900 +32.02 Buy Kazakhtelekom KZTK 17,500 27,500 +57.14 Buy KZTKp 12,200 8,900 -27.05 Sell MREK MREK 1,350 1,130 -16.30 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. [2011-11-23]