Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for September 6, 2010
/IRBIS. September 6, 2010/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for September 6, 2010.
Analysts of JSC "BCC Invest" now expect mostly moderately positive opening trades at KASE on favorable external background. However, the shares of individual companies may experience the opposite dynamics, which can lead to a slight change in the KASE index on the day.
JSC BCC Invest also note the following important events in the kazakh market:
- Operational and financial results of ZhaikMunai LP for the first half of 2010 will be published today, September 6 at 07:00 London time. Company management will hold a conference call at 14:00 London time.
JSC BCC Invest also note the following important events in world market:
- Russia is expected in a neutral opening of trading on the stock market - the U.S. trading session on Friday ended with growth, this morning, futures for U.S. indices in a small plus in Asia are experiencing positive momentum, but the quotations of oil futures are under pressure. Further, during the day analysts of JSC "BCC Invest" does not expect a pronounced dynamics of the Russian stock market, due to the fact that the American Stock Exchange will be closed - in the United States will celebrate Labor Day, and in Europe yield significant macroeconomic statistics is expected.
- U.S. financial markets will be closed in observance of Labor Day.
Analysts of BCC Invest JSC are giving the following advice for investors in securities of issuers in internal market:
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Issuer Last price Target Predicted price.
code price % Recom-
mendation
----------------- ------- ---------- ------ ---------------- ---------
Kazkommertsbank KKGB 388 479 +23.45 Neutral
KKGBp 242 335 +38.43 Buy
Halyk Bank HSBK 313 386 +23.32 Buy
Bank CenterCredit CCBN 548 646 +17.88 Hold
Tsesnabank TSBN 960 1,030 +7.29 Neutral
KazMunaiGaz RDGZ 15,900 22,300 +40.25 Buy
Kazakhmys PLC GB_KZMS 2,849 3,392 +19.06 Hold
ENRC PLC GB_ENRC 2,000 2,858 +42.90 Buy
Kazakhtelekom KZTK 14,020 19,200 +36.95 Buy
KZTKp 6,750 9,300 +37.78 Buy
MREK MREK 1,100 1,130 +2.73 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. Agency Irbis doesn't take responsibility for the opinions which are in given material.
[2010-09-06]