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

08.12.11 17:32
/IRBIS, December 8, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for December 8, 2011. Analysts of JSC "BCC Invest" now expect 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 moderate decrease. Analysts of BCC Invest JCS note the following events on the local market: - December 12, 2011 in the trade system of KASE repeated specialized auction on placement of government treasury bills of the Ministry of Finance of the Republic of Kazakhstan MEOKAM-60 release 38 will be held on the following conditions (Almaty time). Paper Type: MEOKAM-60 National identification number: KZK2KY050385 Order number: 38/60 Trading code KASE: MOM060_0038 Face value, KZT: 1,000.00 The volume of bonds in circulation, pieces.: 6666666 Payment date: 12/12/11 Date of circulation start: 05/12/11 Last Day: 5.11.16 Maturity date: 05/12/16 Circulation period: 5 years (1,800 days) Coupon: 3.20% pa Declared level of accommodation, number: 10,000,000 The subject of bargaining, "net" price of bonds According to forecasts of JSC "BCC Invest", the rate of return to maturity on auction emerges in the range 3.00 - 3.50% per annum, with the most probable value of 3.00% per annum. Analysts of BCC Invest JCS expect the following developments on international markets today: - Russia is expected to publish data on international reserves and sales of passenger cars. - in France at 12:30 (AST) will be published data on changes in employment outside the agricultural sector and the Bank of France business sentiment index will publish. At 18:00 (AST) Bank of England will publish a decision on the basic rates and repayment terms of assets. At 18:45 (AST) decision on the ECB's main interest rate will be issued. - In the United States at 19:30 (AST) to be published data on applications for unemployment benefits, at 21:00 (AST) - on wholesale inventories, and at 23:00 (AST) will be published U.S. Federal Reserve report on the cash flow in Q3 2011. 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 234.99 320 +36.18 Neutral KKGBp 156.20 157 +0.51 Neutral Halyk Bank HSBK 219.99 Review Bank CenterCredit CCBN 285 Review Tsesnabank TSBN 800 1,030 +28.75 Neutral KazMunaiGaz EP RDGZ 14,700 15,900 +8.16 Hold Kazakhmys PLC GB_KZMS 2,190 2,440 +11.42 Hold ENRC PLC GB_ENRC 1,604 1,900 +18.45 Buy Kazakhtelekom KZTK 17,400 27,500 +58.05 Buy KZTKp 17,400 8,900 -48.85 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. [2011-12-08]