Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for November 29, 2011

/IRBIS, November 29, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for November 29, 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 mixed and multidimensional, and KASE index will, probably, end the day with slight increase. Analysts of BCC Invest JCS note the following events on Kazakhstani market today: - The company ZhaikMunai LP released its results for the 3rd quarter and 9 months of 2011. According to the JSC "BCC Invest", published information is neutral for the quotations of depositary receipts of ZhaikMunai LP, both operational and financial performance of the company are in line with expectations of JSC "BCC Invest" and the expectations of market participants. JSC "BCC Invest" reiterates "HOLD" on depository receipts ZhaikMunai LP with a target price of $ 8.70 per GDR. Analysts of BCC Invest JCS expect the following developments on international markets today: - In Russia no important economic statistics will be published. - in the UK at 13:00 (AST) will be published November data on house prices, at 15:30 (AST) - data for October on consumer loans and mortgages, as well as the monetary aggregate M4. At 16:00 (AST) will be published indexes for the euro area business climate, consumer, economic and industrial confidence, as well as confidence in the services sector. - In the United States at 20:00 (AST) will be published house price index from S&P/CaseShiller for September and 3rd quarter of 2011, and at 21:00 (AST) will be published the consumer confidence index in November. 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 208.50 Review Bank CenterCredit CCBN 289.99 Review Tsesnabank TSBN 800 1,030 +28.75 Neutral KazMunaiGaz EP RDGZ 13,600 15,900 +16.91 Hold Kazakhmys PLC GB_KZMS 2,070.45 2,440 +17.85 Hold ENRC PLC GB_ENRC 1,465.90 1,900 +29.61 Buy Kazakhtelekom KZTK 17,500 27,500 +57.14 Buy KZTKp 12,500 8,900 -28.80 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. [2011-11-29]