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]