2015-01-15

Daily Report
Report
Daily
|
NEWS & ANALYSIS

15 January 2015

2015.01.15
Performance

Index

Last

Country

MSE - Top20
DJIA
S&P 500
Nasdaq
S&P/TSX comp
FTSE 100
S&P/ASX 200
Hang Seng
Bloomberg/asia.pac

Change %
(Day)

14,720.85
17,427.09
2,011.27
4,639.32
14,084.43
6,388.46
5,319.30
24,077.11
183.72

MN
US
US
US
CN
UK
US
HK
ASIA

YTD change %

0.06
-1.06
-0.58
-0.48
-0.72
-2.35
-0.64
-0.15
-0.14

-0.90
-2.22
-2.31
-2.04
-3.75
-2.71
-1.70
2.00
-0.19

COMMODITY PRICES

Performance

Last
USD

Commodity
Prime Coking Coal /Tianjin
Zinc Spot /LME
Iron Ore 58%/Tianjin
Copper Spot /LME
Oil
Gold Spot /LME
Silver Spot /LME

Change %
(Day)

137.20
2,024.00
68.80
5,619.00
48.19
1,228.62
16.77

YTD change %

0.00
-2.25

-1.16
-6.60
-49.33
-11.76
-9.54
3.74
6.75

-5.40
-0.60
-0.01
-0.50

MONGOLIAN ECONOMIC INDICATORS

Indicator
RGDP /bln. MNT/
NGDP /bln.MNT/
Inflation
Foreign reserve /mln. USD/
Policy rate

Date

Last

2014.09
2014.09
2014.11
2014.11
July 31 ,2014

11,094
16,517
1,352.1
12.00

Last

Yield

YoY change
%
7.0
18.8
11.5
-41.5

DEBT MARKET

Amt.
issued mln
USD
DBM bond - 5.75
580
MMC bond - 8.875
600
Mongol 2018 - 4.125
500
Mongol 2022 - 5.125
1,000
TDBM 2015 - 8.5
300
TDBM 2015 - 12.5
25
TDBM 2017 - 10 dim sum
115
DBM bond - 1.52 sam.
290
Bonds - Coupon

95.50
66.50
92.17
83.91
99.50
98.38
96.93
104.31

Maturity date

8.045
31.029
6.894
7.735
9.257
13.100
11.473
0.989

3/21/2017
3/29/2017
1/5/2018
12/5/2022
9/20/2015
11/17/2015
1/21/2017
12/25/2023

INDICES CHANGE

-2.78

Nikkei 225
1.01
DAX

0.12

-1.25

Hang Seng

2.00

-0.15
-0.64

S&P/ASX 200

-1.70

FTSE 100
-2.35
-0.72

-2.04

-1.06

-2.22
Volume

-0.90
YTD %

Change % (Day)
MSE TOP 5 MOST TRADED

Trade value '000

1.16%

1,044

6,000

2%

January-15

October-14

July-14

August-14

May-14

June-14

April-14

March-14

January-14

October-13

July-13

August-13

May-13

June-13

December-14

1%

November-14

0%

0
September-14

-1%

2,000
February-14

-2%

4,000

0.00%
-3%

8,000

December-13

15,000

10,000

6,000

November-13

10,000

12,000

8,000

2,000

0.00%
12,324

5,000

14,000

10,000

April-13

2,858

16,000

12,000

4,000
0.00%

BHR

18,000

March-13

APU

20,000

14,000

January-13

1,419

-2.23%

MSETOP Index

16,000

September-13

0.06

February-13

MSE - Top20

BUK

GLOBAL NEWS
Most Asian Stocks Advance as Japan Rebound Outweighs U.S. Sales
Most Asian stocks rose as a rebound by Japanese energy companies and exporters outweighed
disappointing U.S. retail sales. About two shares rose for each that fell on the MSCI Asia Pacific
Index (MXAP), which lost 0.1 percent to 137.35 as of 9:16 a.m. in Tokyo, before markets opened in
China and Hong Kong. Japans Topix index added 0.6 percent as the yen weakened after crude rose
the most in 2 1/2 years yesterday. The steepest drop in U.S. retail sales in almost a year heightened
concern over the global slowdown after the World Bank downgraded its own prediction for the world
economy this week. The Bloomberg Commodity Index of 22 energy, agriculture and metal prices
plunged to a 12-year low this week as oversupply spurred a rout in oil and as slowing economic
growth in China and Europe means less demand for raw materials such as copper, which has
tumbled to the lowest since 2009. Global shares are on course for a third weekly slide. Australias
S&P/ASX 200 Index declined 0.7 percent and New Zealands NZX 50 Index slipped 0.4 percent.
South Koreas Kospi index added 0.1 percent. South Korea and Indonesia are projected to keep
interest rates on hold in policy reviews today, and Australia is due to report jobs data.
http://www.bloomberg.com/news/2015-01-15/most-asian-stocks-advance-as-japan-reboundoutweighs-u-s-sales.html

Thousands

DJIA

1,198

China-led Asian infrastructure bank picks up new members

The multilateral development bank proposed by China is gaining more signatories from the Middle
East and Central Asia, making Beijing likely to enjoy stronger power in Asia. Saudi Arabia and
Tajikistan have decided to sign up for the Asian Infrastructure Investment Bank, the Chinese finance
ministry said Wednesday. This would raise the total to 26 member states. Twenty-one countries
signed a memorandum of understanding last October on the new bank's establishment, slated for the
end of 2015. More have since expressed an intention to sign on, including New Zealand. The group
now includes all 10 members of the Association of Southeast Asian Nations, as well as India,
Pakistan and Mongolia. The U.S. and Japan have stayed out, arguing that the new bank's roles would
overlap with those of the Asian Development Bank. Australia and South Korea have not joined,
either. The new bank is designed to help revitalize Asia-Pacific economies by improving
infrastructure, according to the Chinese government, which will be its main backer.
http://asia.nikkei.com/Politics-Economy/International-Relations/China-led-Asian-infrastructure-bankpicks-up-new-members

-3.75

-0.48

Nasdaq

RMC

Bank of Mongolia raises the policy rate to 13 percent

On 14, Bank of Mongolia raises the policy rates once again by 1 unit and makes it 13 percent.
Monetary Policy Council meeting held at 1PM yesterday and made this decision. The Council has 14
members and Bank of Mongolia officials expressed their agreement on raising the rates. Bank of
Mongolia raised the policy rates back in July 2014 by 1.5 points to 12 percent and was expressing
that if necessary the rate might be raised again.
http://mongolia.gogo.mn/r/143846

-2.71

S&P/TSX comp

TTL

MONGOLIAN RELATED NEWS

Agreements on the Mongolia-China transport approved
Agreements to ship out and hold transit transportation via Chinese territory have been concluded
between the Mongolian and Chinese governments and approved by the Cabinet. Due to the rapid
increase of mining production in Mongolia and new economic conditions, with the goal to secure the
opportunity to export Mongolian goods to third markets, Mongolia faces the necessity to open its
gateways to seaports. The two countries have agreed on beneficial conditions concerning volumes,
tariff discounts, tax conditions, and terms regarding the railway transportation of Mongolian goods
through China. Moreover, it was agreed upon to increase the number of seaports which will be used
by Mongolia, including the utilization of seven seaports: Dandong, Dalian, Jinjou,Yingkou,
Qinhuangdao, Huanghua, and Tianjin in north western China, which are close to the foreign trade
centers in the region. Progress in the development of the diplomatic relationship between the two
countries will significantly contribute to mutual economic, trade and transportation sector
development and mark a new era of relations between the two countries.
http://english.news.mn/content/201226.shtml

15 January 2015

MONGOLIAN RELATED COMPANIES

Chg day %

YTD %

Trade value
000 USD

Market cap
mln USD/

52w high

52w low

Currency
cross

2.710

-2.52

-12.58

10,548.1

5,453.33

4.36

2.65

1.00

6.830

1.49

13.08

6,201.9

1,351.15

7.07

3.16

1.20

HKD

0.320

0.00

-5.88

0.8

382.27

0.84

0.32

7.75

DML CN Equity

CAD

1.050

-3.67

-7.08

2,434.2

444.49

1.95

1.02

1.20

Winsway Coking Coal Holdings Ltd

1733 HK Equity

HKD

0.247

0.00

-3.14

3.2

120.20

0.55

0.25

7.75

MoEnCo

276 HK Equity

HKD

0.430

0.00

7.50

76.5

93.67

1.06

0.38

7.75

SouthGobi Resources

1878 HK Equity

HKD

3.570

0.00

-7.51

12.4

100.72

6.20

3.49

7.75

Central Asia Metals PLC

CAML LN Equity

GBp

145.500

-5.21

-20.49

26,747.8

246.93

190.00

138.75

0.66

Mongolia Investment Group Ltd

402 HK Equity

HKD

0.275

-1.79

-17.91

5.7

238.37

0.38

0.16

7.75

Mongolia Growth Group

YAK CN Equity

CAD

0.700

0.00

-5.41

16.5

20.41

3.07

0.68

1.20

North Asia Resources Holdings Ltd

61 HK Equity

HKD

0.131

0.00

-11.49

36.8

102.76

0.21

0.10

7.75

Guildford Coal Ltd

GUF AU Equity

AUD

0.034

0.00

-5.56

7.2

25.57

0.11

0.03

1.22

Origo Partners PLC

OPP LN Equity

GBp

6.125

0.00

0.00

0.0

33.29

8.25

6.13

0.66

Entree Gold Inc

ETG CN Equity

CAD

0.195

-15.22

-4.88

21.7

23.98

0.52

0.18

1.20

Aspire Mining Ltd

AKM AU Equity

AUD

0.035

6.06

6.06

34.4

20.18

0.07

0.03

1.22

Prophecy Coal Corp

PCY CN Equity

CAD

0.060

-7.69

20.00

2.8

12.65

0.11

0.04

1.20

FeOre Ltd

FEO AU Equity

AUD

0.026

0.00

0.00

1.2

11.27

0.08

0.02

1.22

Petro Matad Ltd

MATD LN Equity

GBp

2.250

-5.26

5.88

122.9

9.58

10.25

2.00

0.66

Xanadu Mines Ltd

XAM AU Equity

AUD

0.110

-12.00

10.00

18.9

32.75

0.18

0.03

1.22

Haranga Resources Ltd

HAR AU Equity

AUD

0.013

0.00

-7.14

2.6

3.64

0.09

0.01

1.22

Wolf Petroleum Ltd

WOF AU Equity

AUD

0.040

0.00

-11.11

29.1

9.81

0.08

0.03

1.22

Manas Petroleum Corp

MNAP US Equity

USD

0.080

-0.38

-11.38

1.9

13.31

0.17

0.04

1.00

Khan Resources Inc.

KRI CN Equity

CAD

0.410

-4.65

-15.46

20.9

23.37

0.49

0.21

1.20

East Asia Minerals Corp

EAS CN Equity

CAD

0.015

-25.00

50.00

7.8

1.48

0.11

0.01

1.22

Erdene Resource Development Corp

ERD CN Equity

CAD

0.120

0.00

14.29

4.3

8.30

0.26

0.09

1.20

Modun Resources Ltd

MOU AU Equity

AUD

0.003

0.00

0.00

6.1

4.36

0.01

0.00

1.22

Kincora Copper Ltd

KCC CN Equity

CAD

0.025

0.00

0.00

18.1

6.48

0.09

0.02

1.20

General Mining Corp Ltd

GMM AU Equity

AUD

0.005

0.00

0.00

0.0

0.55

0.02

0.01

1.22

Draig Resources Ltd

DRG AU Equity

AUD

0.015

0.00

15.38

10.7

0.82

0.04

0.01

1.22

Newera Resouces Ltd

NRU AU Equity

AUD

0.002

0.00

0.00

0.5

2.00

0.01

0.00

1.22

Blina Minerals NL

BDI AU Equity

AUD

0.001

0.00

0.00

0.0

1.32

0.00

0.00

1.22

Name

Sym

Currency

Last

Turquoise Hill

TRQ US Equity

USD

Centerra Gold

CG CN Equity

CAD

MMC

975 HK Equity

Denison Mines Corp

30 day graphic

Source: Bloomberg

MONGOLIAN STOCK MARKET

14 January 2015

21

JSC's

TOP20 index

was

14,720.85

37,668

shares

worth

Change day

23.52

mln

MNT

0.06%

YTD

-0.90%

have

Company name

Trade volume

Trade value
'000

Last

Chg day

Chg day %

Buy volume

Buy price

Sell price

Sell volume

BHR

15,600

12,324

790

0.00%

36

700

790

13400

APU

762

2,858

3750

0.00%

110

3702

3800

36

BUK

33

1,419

43000

0.00%

13

42040

44200

34

RMC

12,759

1,198

93.86

-2

-2.23%

90

2241

TTL

240

1,044

4350

50

1.16%

170

4100

4350

150

ATR

15

1,020

68000

0.00%

70000

BNG

14

770

55000

-3000

-5.17%

12

55000

58000

81

HGN

7,400

733

99

0.00%

7665

95

99

5000

BAN

259

725

2801

0.04%

20

2680

2800

ATI

100

310

3100

150

5.08%

3100

5052

ADL

183

275

1500

0.00%

177

1500

1550

4211

HHC

110

272

2470

0.00%

100

2150

2839

KEK

20

180

9000

0.00%

20

9000

MIE

10

140

14000

0.00%

73

14000

15500

265

NEH

70

17550

40

0.23%

10

17550

18000

90

GOV

60

7450

0.00%

32

7400

7450

154

GTJ

19

59

3100

0.00%

500

2700

3000

27

TCK
DAR

1
21

19
16

19000
770

500
-30

2.70%
-3.75%

89
0

18500
0

19400
0

15
0

VIK

10

16

1600

-99

-5.83%

1600

90

HRM

100

16

155

0.00%

200

151

155

4935

been

traded.

15 January 2015

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
0
create an environment which will lead to long term, mutually beneficial relationships. We strive to achieve these lasting relationships by
matching each client assignment with the collaborative expertise of the Banks team of seasoned banking and investment professionals.
Contact
Sukhbaatar Square, Ulaanbaatar 210620A, Mongolia
Fax: +976-70117676 /1402/
E-mail: ibd@golomtbank.com
Website: www.golomtbank.com

Disclaimer
2014.09
2702.1
This
document has
been prepared by the investment banking division of Golomt Bank for information purpose only. The views
expressed
views of the analyst and are subject to change based on market and other conditions and factors. The
2013.06are the7591
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
13606.65
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
3250
determine, with your own advisors, the appropriateness for you of the
securities/transactions before investing or transacting.

92.173