WORLD INDICES

Change %
(Day)
YTD change %
MSE - Top20 MN 15,622.24 0.05 -4.17
DJIA US 16,399.67 0.12 -1.07
S&P 500 US 1,904.01 0.91 3.01
Nasdaq US 4,316.07 1.35 3.34
S&P/TSX comp CN 14,337.77 0.77 5.26
FTSE 100 UK 6,267.07 -0.68 -7.14
S&P/ASX 200 US 5,325.40 0.11 -0.50
Hang Seng HK 23,070.26 0.20 -1.01
Bloomberg/asia.pac ASIA 170.23 0.01 1.24
COMMODITY PRICES
Change %
(Day)
YTD change %
Prime Coking Coal /Tianjin 140.43 0.00 -26.50
Zinc Spot /LME 2,212.50 -1.56 7.77
Iron Ore 58%/Tianjin
Copper Spot /LME 6,609.00 -1.20 -10.40
Oil 82.71 -0.05 -15.96
Gold Spot /LME 1,246.55 -0.03 3.74
Silver Spot /LME 17.42 -0.10 -10.53
MONGOLIAN ECONOMIC INDICATORS
Date Last
YoY change
%
RGDP /bln. MNT/ 2014.07 9,857 5.3
NGDP /bln.MNT/ 2014.07 6,635 14.6
Inflation 2014.07 14.9
Foreign reserve /mln. USD/ 2014.06 1,317.5 -57.6
Policy rate July 31 ,2014 12.00
DEBT MARKET
Bonds - Coupon
Amt.
issued mln
USD
Last Yield Maturity date
DBM bond - 5.75 580 97.49 6.894 3/21/2017
MMC bond - 8.875 600 63.00 31.847 3/29/2017
Mongol 2018 - 4.125 500 94.69 5.780 1/5/2018
Mongol 2022 - 5.125 1,000 88.93 6.832 12/5/2022
TDBM 2015 - 8.5 300 99.52 9.046 9/20/2015
TDBM 2015 - 12.5 25 97.25 15.097 11/17/2015
TDBM 2017 - 10 dim sum 115 97.69 10.918 1/21/2017
DBM bond - 1.52 sam. 290 103.47 1.113 12/25/2023
INDICES CHANGE
MSE TOP 5 MOST TRADED
Trade value '000
MONGOLIAN RELATED NEWS
Russia and China high speed rail line across Mongolia project MoU signed
An MoU for a high speed rail line project linking the capitals of Russia and China was signed by the
two nations during a visit to Moscow by the Premier of the State Council of the People's Republic of
China, Li Keqiang. The new passenger train project would make a journey along the length of the
Trans-Siberian railway possible in two days. It currently takes six days to travel from Beijing to
Moscow by rail. It is estimated that the 7,000 km high speed rail line would cost 230 billion USD to
complete. It would be three times longer than the world's longest high speed railway line from Beijing
to Guangzhou (2,298km). Chinese media reports that the high speed rail line will be laid through
Mongolia. The large construction project is expected to be a symbol of the two countries bilateral
cooperation. Beijing Times reported that if the project's funding is resolved without any restrictions,
the high speed rail line linking China and Russia will be completed in five years. Chinese CCTV said
that China also submitted a bid to Russia to build an 803 km rail line from Moscow to the Tatar
Republic of Russia.
http://english.news.mn/content/192608.shtml
Asian ministers discuss how to tackle freshwater shortage
With concerns over future shortages of freshwater, ministers and water experts from Asia gathered in
Korea to discuss how to tackle the situation. When it comes to water, nobody can say they are 100
percent safe while the demand for freshwater is increasing, the supply is becoming uncertain.
According to a projection by the United Nations, half of the countries around the world will face a
water scarcity by 2025. The problem is especially acute in Asia, which is facing a rapid increase of
population and urbanization. With climate change expected to worsen the situation, experts warn that
shortages of freshwater could lead to diverse problems such as impaired food production, insecurity
of livelihood, migration within and across borders, and economic and geopolitical tensions. At the
event were ministers and vice ministers from Thailand, Nepal, Mongolia, Vietnam and Uzbekistan as
well as experts from international organizations such as the ADB and UNESCO.
They exchanged their ideas and experiences on how they are practicing freshwater policies, ranging
from supply and hygiene to facilities for water resources and financing. They aim at finding more
realistic solutions for water-related issues and setting up a system for cooperation. Mongolia, whose
land is mostly desert and two thirds of the water resource flow out to neighboring countries, also sees
the stable supply of freshwater as the most pending issue. K-water and the ADB are currently
discussing setting up an information system on water resources.
http://www.koreatimes.co.kr/www/news/biz/2014/10/488_166626.html
GLOBAL NEWS
Japanese Shares Swing After Biggest Rally Since June 2013
Japanese shares swung between gains and losses after the Topix index posted its biggest rally in
more than a year yesterday. Toyota Motor Corp., the worlds biggest carmaker, provided the most
support to the Topix (TPX) while wireless-carrier SoftBank Corp. was the largest drag. Japan Steel
Works Ltd. slumped the most on the Nikkei 225 Stock Average after saying it will book a one-time
loss of 16 billion yen ($150 million) caused by a problem with parts for wind-power generators. Lixil
Group Corp., which makes toilets and other fixtures, added 2.1 percent. The Topix was little changed
at 1,223.83 as of 9:35 a.m. in Tokyo after rising and falling as much as 0.3 percent. The measure
jumped 4 percent yesterday, the most since June 2013, after slumping 12 percent the previous three
weeks. The Nikkei 225 slid 0.4 percent to 15,053.74 today, while the yen gained 0.1 percent to
106.82 per dollar. U.S. shares climbed for a third day yesterday, halting a rout in the worlds biggest
equity market. Futures on the Standard and Poors 500 Index slipped 0.1 percent today. The
underlying equity gauge advanced 0.9 percent yesterday as optimism over corporate earnings
spurred a rebound from last weeks selloff. Apple Inc., which rose 2.1 percent during regular trading,
gained after exchanges closed on higher-than-forecast sales.
http://www.bloomberg.com/news/2014-10-21/japan-s-topix-extends-yesterday-s-rally-as-banks-
advance.html
2014-10-21
21 October 2014
Daily Report
Performance
Last Country Index
Indicator
Performance
Last
USD
Commodity
NEWS & ANALYSIS
-4.17
-1.07
3.34
5.26
-7.14
-0.50
-1.01
-8.74
-7.48
YTD %
0.05
0.12
1.35
0.77
-0.68
0.11
0.20
-1.50
-0.26
MSE - Top20
DJIA
Nasdaq
S&P/TSX comp
FTSE 100
S&P/ASX 200
Hang Seng
DAX
Nikkei 225
Change % (Day)
182
134
250
2,338
122
875
0 1,000 2,000 3,000
HGN
JTB
MNH
SHG
SHV
TTL
-1.69%
-1.01%
-
12.73%
-15% -10% -5% 0% 5%
0
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4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
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Volume MSETOP Index
Daily Report | 2014.10.21

21 October 2014 2
MONGOLIAN RELATED COMPANIES
Name Sym Currency Last Chg day % YTD %
Trade value 000
USD
Market cap mln
USD/
52w high 52w low
Currency
cross
Turquoise Hill TRQ US Equity USD 3.270 -1.21 -0.91 8,249.4 6,580.22 4.36 3.01 1.00
Centerra Gold CG CN Equity CAD 5.560 2.02 28.70 3,491.0 1,164.40 6.90 2.82 1.13
MMC 975 HK Equity HKD 1.100 20.88 6.80 4,263.4 525.31 1.43 0.48 7.76
Denison Mines Corp DML CN Equity CAD 1.140 2.70 -11.63 909.7 510.46 1.95 1.03 1.13
Winsway Coking Coal Holdings Ltd 1733 HK Equity HKD 0.360 -1.37 -26.53 86.1 175.08 0.66 0.31 7.76
MoEnCo 276 HK Equity HKD 0.168 0.60 -30.86 84.3 146.31 0.29 0.15 7.76
SouthGobi Resources 1878 HK Equity HKD 4.030 -6.28 -41.42 263.1 97.30 9.90 3.88 7.76
Central Asia Metals PLC CAML LN Equity GBp 160.250 1.58 13.65 32,348.6 285.91 190.00 134.75 0.62
Mongolia Investment Group Ltd 402 HK Equity HKD 0.325 1.56 12.07 5,545.4 280.72 0.40 0.16 7.76
Mongolia Growth Group YAK CN Equity CAD 1.700 0.00 -25.11 28.3 52.41 3.07 1.51 1.13
North Asia Resources Holdings Ltd 61 HK Equity HKD 0.159 1.92 -12.64 94.2 83.01 0.21 0.10 7.76
Guildford Coal Ltd GUF AU Equity AUD 0.043 0.00 -48.11 1.4 31.90 0.11 0.04 1.14
Origo Partners PLC OPP LN Equity GBp 7.500 0.00 1.69 2,060.4 43.23 9.50 6.63 0.62
Entree Gold Inc ETG CN Equity CAD 0.270 -3.57 -12.90 8.0 35.16 0.53 0.25 1.13
Aspire Mining Ltd AKM AU Equity AUD 0.045 4.65 -19.64 #VALUE! 27.79 0.08 0.03 1.14
Prophecy Coal Corp PCY CN Equity CAD 0.050 -9.09 -37.50 1.8 11.16 0.11 0.04 1.13
FeOre Ltd FEO AU Equity AUD 0.025 0.00 -39.02 0.6 11.61 0.08 0.03 1.14
Petro Matad Ltd MATD LN Equity GBp 2.375 5.56 -36.67 16.6 10.73 11.50 2.00 0.62
Xanadu Mines Ltd XAM AU Equity AUD 0.110 -4.35 120.00 0.0 23.32 0.18 0.03 1.14
Haranga Resources Ltd HAR AU Equity AUD 0.018 0.00 -70.97 0.3 3.82 0.09 0.01 1.14
Wolf Petroleum Ltd WOF AU Equity AUD 0.052 0.00 -25.71 4.7 12.04 0.09 0.03 1.14
Manas Petroleum Corp MNAP US Equity USD 0.089 -19.45 29.34 61.8 15.29 0.17 0.04 1.00
Khan Resources Inc. KRI CN Equity CAD 0.390 -2.50 36.84 1.0 23.54 0.45 0.17 1.13
Voyager Resources Ltd VOR AU Equity AUD 0.002 0.00 -50.00 3.2 3.07 0.01 0.00 1.14
East Asia Minerals Corp EAS CN Equity CAD 0.030 0.00 -25.00 2.7 2.90 0.11 0.03 1.14
Erdene Resource Development Corp ERD CN Equity CAD 0.135 -3.57 -3.57 2.3 8.96 0.26 0.07 1.13
Modun Resources Ltd MOU AU Equity AUD 0.004 0.00 0.00 0.5 5.69 0.01 0.00 1.14
Kincora Copper Ltd KCC CN Equity CAD 0.040 14.29 60.00 2.6 10.98 0.09 0.02 1.13
General Mining Corp Ltd GMM AU Equity AUD 0.005 0.00 -70.59 0.0 0.59 0.02 0.01 1.14
Draig Resources Ltd DRG AU Equity AUD 0.015 0.00 -57.14 2.8 0.87 0.04 0.01 1.14
Newera Resouces Ltd NRU AU Equity AUD 0.002 0.00 -66.67 1.8 2.07 0.01 0.00 1.14
Blina Minerals NL BDI AU Equity AUD 0.002 100.00 100.00 17.7 2.61 0.00 0.00 1.14
Source: Bloomberg
MONGOLIAN STOCK MARKET
18 October 2014 14 JSC's 8,336 shares worth 163.71 mln MNT have been traded.
TOP20 index was 15,622.24 0.05% YTD -4.17%
Company name Trade volume
Trade value
'000
Last Chg day Chg day %
Buy
volume
Buy price Sell price Sell volume
APU 396 1,474 3723 23 0.62% 200 3550 3930 1000
EER 48 113 2351 -29 -1.22% 296 2350 2389 10
HGN 1,566 182 116 -2 -1.69% 1087 114 118 1990
JTB 1,500 134 89 -1 -1.01% 100 88 89 3600
MNH 52 250 4800 -700 -12.73% 0 0 6300 56
SHG 349 2,338 6700 -100 -1.47% 100 6300 6900 40
SHV 20 122 6100 15 0.25% 29 5560 6100 54
TTL 175 875 5000 0 0.00% 43 5000 5090 5
BEU 5 18 3600 -200 -5.26% 10 3500 3600 83
BHL 10 8 750 -30 -3.85% 20 700 750 790
ETR 3,930 367 93.31 -7 -6.69% 15000 90 99 789
GFG 50 26 510 61 13.66% 40 510 0 0
HSG 70 84 1200 50 4.35% 3 1200 0 0
MMX 165 616 3736 232 6.62% 26 3510 3840 10
30 day graphic
Change day
3
0
2013.06 2702.1
2013.06 7591
13606.65
3750
21 October 2014
Diclaimer
This document has been prepared by the investment banking division of Golomt Bank for information purpose only. The views
expressed are the views of the analyst and are subject to change based on market and other conditions and factors. The
information provided does not constitute investment advice or other recommendations and should not be relied on as such. It
should not be considered a solicitation to buy or an offer to sell a security or to pursue any trading or investment strategy. All
material, including information sourced from or attributed to Golomt Bank, has been obtained from sources believed to be
reliable, but its accuracy is not guaranteed. Past performance is no guarantee for future results. Accordingly you must
independently determine, with your own advisors, the appropriateness for you of the securities/transactions before investing
or transacting.
Investment Banking Division of Golomt Bank

The principal activities of Investment Banking Division constitute structuring, sourcing, negotiating and closing debt and equity
financings as well as the provision of incisive advisory services for private and public companies as well as institutions, public sector
agencies and authorities.

Our vision is to fuel the profitable growth of our valued clients by providing the highest-quality investment banking services, and in so
doing create an environment which will lead to long term, mutually beneficial relationships. We strive to achieve these lasting
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Contact

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