Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for July 30, 2010
/IRBIS. July 30, 2010/ - BCC Invest JSC has provided IRBIS with a survey
of main events, market reviews and investment ideas for July 30, 2010.
Analysts of JSC "BCC Invest" now expect further correction in the
local stock market, and is projected JSC "BCC Invest", index KASE,
probably again to complete the day in negative territory.
JSC BCC Invest also note the following important events in the
Kazakhstan market:
- Group of Kazakhmys announced the achievement of positive
performance indicators and key results for the six months of this
year. Thanks to stable operations of the Group, for the first half of
2010 production of copper cathode from its own equivalent of the
concentrate exceeded the plan and were 164.3 thousand tons. Stable
results were obtained in the production of the accompanying products.
As a result, increasing the content of the ore and the recovery factor
production of zinc concentrate over goals and was 80.9 thousand tons.
The gold content in ore is almost doubled compared to the first half of
2009, production totaled 62.4 million ounces. Silver production was
6,697 million ounces, according to the annual plan. After testing silver
bullion Balkhash unit group Kazakhmys is listed in the London
Association of precious metals market.
- Financial Police Kazakhstan revealed no violations in the audit of
commercial bank CenterCredit. "As stated in the formal confirmation
of the Financial Police, any violations, resulting in material damage to
the bank, have been identified," - says the message of fin institute.
JSC BCC Invest also note the following important events in world
market:
- Russian market analysts of JSC "BCC Invest" awaiting correction.
The external background and the effect of the end of the week this
should help to solve.
- European markets will be published many of macroeconomic
statistics, the most interesting of which is the level of unemployment in
the euro area in June (15:00 on Almaty time). Today in Europe is
expected to reporting Alcatel-Lucent, EAD, Renault SA, Total SA,
Anglo American PLC, and several other companies of different
capitalization.
- in the U.S. market prior to opening at 18:30 by Almaty time will be
published preliminary data on GDP for the second quarter. Today the
U.S. is expected to reporting Chevron Corp. and Merck & Co Inc., and
several other companies of different capitalization.
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 380 479 +26.05 Neutral
KKGBp 209 335 +60.29 Buy
Halyk Bank HSBK 310 386 +24.52 Buy
Bank CenterCredit CCBN 540.03 734 +35.92 Buy
Tsesnabank TSBN 970 737 -24.02 Cut
KazMunaiGaz RDGZ 17,700 Review
Kazakhmys PLC GB_KZMS 2,800 3,135 +11.96 Hold
ENRC PLC GB_ENRC 2,075 2,638 +27.13 Buy
Kazakhtelekom KZTK 14,800 19,200 +29.73 Buy
KZTKp 7,425 9,300 +25.25 Buy
MREK MREK 1,000 1,130 +13.00 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.
[2010-07-30]