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:
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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
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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]