Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for December 2, 2011

02.12.11 16:49
/IRBIS, December 2, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for December 2, 2011. Analysts of JSC "BCC Invest" now expect mixed and multidimensional opening of trades on ambiguous external background. Further, during the day, according to analysts, the dynamics will remain mixed and multidimensional, and KASE index will, probably, end the day near the neutral point. Analysts of BCC Invest JCS note the following events on Kazakhstani market today: - Inflation in Kazakhstan in November 2011 was 0.6%. Food prices in the past month increased by 0.8%, industrial goods and paid services - by 0.4%. - Prices of manufacturers of industrial products in November 2011 increased by 0.2%. In November of this year, about October the prices in the mining industry increased by 1.3% and manufacturing - decreased by 2.3%. Prices for manufactured goods increased by 0.2%, production services - 0.7%. Last month increase in the price of natural gas by 5.2% was marked, oil - by 1.7%, kerosene - by 1.3%, to decrease - in liquefied propane and butane at 3.1%, metal ores - 2 3%, coal - 0.9%, diesel fuel - by 0.5%. Prices of zinc in November increased by 3.2%, to lead - decreased by 17.6%, copper - by 10.8%, aluminum - 8.8%, precious metals - 6%, ferrous metals - 3%, ferroalloys - by 1.3%. Meat increased in price by 1.9%, tea - 0.6%, dairy products - by 0.4%, margarine - 0.3%, cereals fell by 5.2%, flour - by 4.5% , vegetable oil - by 3.2%, pasta - 1.1%, bread - by 0.2%. Analysts of BCC Invest JCS expect the following developments on international markets today: - in Russia data on the monetary base in a narrow definition will be published. - in the UK at 15:30 (AST) will be published index of business activity in the construction sector PMI for November, and at 16:00 (AST) will be published producer price index for the Eurozone. - In the United States at 19:30 (AST) will be published November data on the labor market, including the level of unemployment, wages, change in the number of people employed in non-agricultural, industrial and private sectors, as well as the change in households 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 230 320 +39.13 Neutral KKGBp 156.20 157 +0.51 Neutral Halyk Bank HSBK 218.10 Review Bank CenterCredit CCBN 289.99 Review Tsesnabank TSBN 800 1,030 +28.75 Neutral KazMunaiGaz EP RDGZ 13,890 15,900 +14.47 Hold Kazakhmys PLC GB_KZMS 2,080 2,440 +17.31 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. [2011-12-02]