Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for September 20, 2011

/IRBIS, September 20, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for September 20, 2011. Analysts of JSC "BCC Invest" now expect negative opening of trades amid fall of quotations of shares and depository receipts of Kazakhstani issuers in London the day before. Further, during the day, according to analysts, on the local market dynamics will be mixed and multidimensional, and the index of KASE, probably, will end the day with decrease Analysts of JCS "BCC Invest" note the following events on Kazakhstani market today: - September 21, 2011 in the trade system of KASE specialized auction on placement of long-term treasury bills of the Ministry of Finance of the Republic of Kazakhstan MEUKAM-156 of the fourth edition on the following conditions (Almaty time) was held: Paper Type: MEUKAM-156 National identification number: KZKDKY130042 Order number: 4 / 156 Stock code: KASE: MUM156_0004 Face value, KZT: 1,000.00 Payment date: 21/09/11 Date of circulation start: 21.09.11 Last circulation date: 09/20/24 Maturity date: 21/09/24 Circulation period: 13 years (4,680 days) Coupon frequency: 1 per year Coupon payment date: September 21, annually Time base: 30 / 360 Declared level of accommodation, mln. KZT: 10,000.0 Trade subject: coupon The degree of satisfaction of market orders,%: 70 Submission method: closed Receipt time: 09:00-11:00 Confirmation time: 09:00-11:30 (T +0) Time cut-off: 15:00 (T +0) Payment time: 15:00 (T +0) Acceptance method: for the price (rate) cut-off As the price of the application must include the coupon rate percent per annum of the nominal value of the bond, expressed up to second decimal place. This indicator is a subject of bargaining. According to forecasts of JSC "BCC Invest", the rate of return to maturity emerges in the range 4.50% - 5.25% per annum, with the most probable value of 4.95% per annum. Analysts of JSC "BCC Invest" expect the following developments on international markets today: - no important publications of the Russian economic statistics are expected. - in Germany at 12:00 (AST) to be published data on producer prices, at 14:00 (AST) in Italy - on the orders and sales in the industrial sector. At 15:00 (AST) ZEW will publish the index of the current situation and the mood in the business environment in Germany and the Eurozone. - in the U.S. before the opening of trading at 18:30 (AST) to be published data on the construction of new homes and the number of building permits. - today Oracle Corp, Prada SpA, Carnival Corp, AutoZone Inc, ConAgra Foods Inc and others will be reporting. 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 285 Review KKGBp 158.40 Review Halyk Bank HSBK 235.97 Review Bank CenterCredit CCBN 369 608 +64.77 Buy Tsesnabank TSBN 870 1,030 +18.39 Neutral EP KazMunaiGaz RDGZ 14,400 Review Kazakhmys PLC GB_KZMS 2,300 3,500 +52.17 Buy ENRC PLC GB_ENRC 1,595 1,900 +19.12 Buy Kazakhtelekom KZTK 18,500 27,500 +48.25 Buy KZTKp 8,774 8,900 +1.44 Buy MREK MREK 1,251 1,130 -9.67 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. [2011-09-20]