2015-01-16

Daily Report
Report
Daily
|
NEWS & ANALYSIS

16 January 2015

2015.01.16
Performance

14,611.31
17,320.71
1,992.67
4,570.82
14,041.82
6,498.78
5,286.00
24,185.68
186.56

YTD change %

-0.74
-0.61
-0.92
-1.48
-0.30
1.73
-0.85
-0.68
-0.24

-1.64
-2.82
-3.22
-3.49
-4.04
-1.03
-2.31
2.46
1.35

COMMODITY PRICES

Performance

137.17
2,054.25
68.80
5,681.00
46.47
1,261.77
17.06

YTD change %

0.00
1.49

-1.16
-5.20
-49.33
-10.79
-12.77
6.54
8.58

1.10
0.48
-0.08
0.66

MONGOLIAN ECONOMIC INDICATORS

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

94.00
66.50
91.12
83.43
99.50
98.38
96.87
104.45

Maturity date

8.847
31.056
7.181
7.825
9.260
13.101
11.526
0.973

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

-3.90
-1.98

-2.31

-4.04

-2.82

Volume

-1.64
YTD %

MSE TOP 5 MOST TRADED

Trade value '000

-0.67%

104

-2.04%

0.00%
500

1,000

-15%

6,000

4,000

-10%

-5%

2,000

-4.32%

30

8,000

2,000

56

APU

10,000

6,000

0%

0
January-15

BAN

12,000

8,000

4,000

-14.02
%

650

14,000

10,000

December-14

DLG

16,000

12,000

October-14

ETR

18,000

November-14

GOV

20,000

14,000

July-13

Change % (Day)

MSETOP Index

16,000

September-14

-0.74

August-13

MSE - Top20

-3.49

-0.61

July-14

-1.48

DJIA

August-14

-0.30

May-13

S&P/TSX comp

-1.03

May-14

1.73

June-13

-0.85

FTSE 100

April-13

S&P/ASX 200

2.46

March-13

-0.68

Thousands

Hang Seng

Nasdaq

2.32

2.20

June-14

DAX

April-14

Nikkei 225

March-14

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

GLOBAL NEWS
U.S. Futures Slip With Asian Stocks as Aussie Bonds Surge
U.S. index futures slipped with Asian stocks as Switzerland unexpectedly scrapping its currency cap
damped demand for riskier assets and as oil headed for its longest run of weekly losses since 1986.
The Swiss franc was near a record high versus the euro as Australian bonds surged. Standard &
Poors 500 Index futures slid 0.7 percent by 10 a.m. in Tokyo, following a five-day drop of more than 3
percent in the U.S. equity benchmark. Japanese shares drove the MSCI Asia Pacific Index (MXAP)
down 0.6 percent with U.S. oil at $46.33 a barrel, poised for an eighth weekly decline. The franc was
at 99.06 centimes per euro, after soaring as much as 41 percent Thursday in Zurich. Yields
(GACGB10) on 10-year Australian debt slid below the nations key interest rate for the first time since
2012. The Swiss National Bank sparked mayhem on trading floors after the surprise move, which
abolished an exchange rate limit against the euro designed to shield the economy from the regions
sovereign-debt crisis. A New Zealand currency brokerage said it would close due to losses sustained
from the francs surge. The euro area reports final December consumer prices figures today, after the
SNB stoked speculation stimulus will be boosted at next weeks European Central Bank meeting.
http://www.bloomberg.com/news/2015-01-15/franc-holds-surge-with-gold-while-aussie-bond-yieldssink.html
China Orders More Regions to Cut Coal Consumption
Chinas state planning agency has ordered the city of Shanghai and the provinces of Zhejiang,
Jiangsu and Guangdong to draw up plans to reduce coal consumption in a bid to improve air quality,
according to a policy document released on Wednesday. The National Development and Reform
Commission (NDRC) said in a notice posted on its website that the regions had been ordered to set
targets by June this year. China has named the vast manufacturing hub of the Yangtze river delta,
which includes Zhejiang, Jiangsu and Shanghai, as one of its three main pollution control regions,
along with the Pearl river delta, another major economic heartland that covers Guangdong. The third
region of Beijing, Tianjin and Hebei has already set targets to cut coal use. Beijing will cut
consumption by 12 million t from 2013 2017, Tianjin by 20 million t and Hebei by 40 million t.
Chinas coal-dominated energy mix has been identified as one of the major causes of the hazardous
smog that frequently shrouds big cities such as Beijing and Shanghai, as well as a big source of
climate-warming greenhouse gases. The country aims to bring the share of coal in total energy
consumption down to below 62% by 2020. According to the outgoing head of the countrys energy
administration, Wu Xinxiong, the share fell to 64.2% in 2014 from 66% at the end of 2013. Reuters
reported that it is expected to include a nationwide coal consumption cap of 4.2 billion t in its next fiveyear plan covering the 2016-2020 period, but it is unclear if the target will be binding.
http://www.worldcoal.com/coal/14012015/China-orders-regions-to-cut-coal-consumption-1744/

January-14

RGDP /bln. MNT/

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

Date

February-14

Indicator

Hospital for National University of Medical Sciences of Mongolia to be built

A new hospital for National University of Medical Sciences of Mongolia is to be built with Japanese
Government aid. It will be the first university hospital in Mongolia to provide medical students and staff
with practical experience. The project will be launched this year and the hospital will open in 2017.
The hospital is to be the venue of medical treatment courses for better and new diagnostics and
treatment technology. More than two hundred new jobs will be created with the launching of the new
hospital.
http://vom.mn/d/7869

December-13

Prime Coking Coal /Tianjin

Zinc Spot /LME
Iron Ore 58%/Tianjin
Copper Spot /LME
Oil
Gold Spot /LME
Silver Spot /LME

Change %
(Day)

October-13

Last
USD

Commodity

November-13

MN
US
US
US
CN
UK
US
HK
ASIA

Change %
(Day)

January-13

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

Last

September-13

Country

February-13

Index

MONGOLIAN RELATED NEWS

President to attend World Economic Forum
President Ts.Elbegdorj will conduct a state visit to the Czech Republic upon invitation by Milo
Zeman, President of the Czech Republic, between January 18-20th, and will then attend the 45th
World Economic Forum in Davos, Switzerland, from January 21-24th. During the visit to the Czech
Republic, President Ts.Elbegdorj will have an official talk with President Zeman, and conduct
meetings with the Czech Prime Minister, President of The Senate of the Parliament of the Czech
Republic, and Deputy of the Chamber of Deputies of the Parliament. President Ts.Elbegdorj will give
an opening speech at a Mongolia-Czech business forum and visit the Mongolian Studies Center at
the Charles University in Prague. A meeting will also be held with Mongolians who reside in the
Czech Republic. The visit comes in the year of the 65th anniversary of diplomatic relations between
the two countries. The visit is believed to be a significant step towards deepening traditional good
relations and cooperation between Mongolia and the Czech Republic, in particular, to expand
cooperation on the economy, trade, investment, social care, and infrastructure, and to intensify
cooperation through international institutions. During the World Economic Forum, President
Ts.Elbegdorj will conduct meetings with the leaders of several countries and hold talks on bilateral
cooperation.
http://english.news.mn/content/201356.shtml

16 January 2015

MONGOLIAN RELATED COMPANIES

Chg day %

YTD %

Trade value
000 USD

Market cap
mln USD/

52w high

52w low

Currency
cross

2.700

-0.37

-12.90

6,535.6

5,433.21

4.36

2.65

1.00

6.830

0.00

13.08

9,106.3

1,347.65

7.07

3.16

1.20

HKD

0.320

0.00

-5.88

559.1

382.40

0.84

0.31

7.75

DML CN Equity

CAD

1.040

-0.95

-7.96

781.9

439.11

1.95

1.02

1.20

Winsway Coking Coal Holdings Ltd

1733 HK Equity

HKD

0.246

0.00

-3.53

47.1

119.75

0.55

0.25

7.75

MoEnCo

276 HK Equity

HKD

0.430

0.00

7.50

29.7

93.71

1.06

0.38

7.75

SouthGobi Resources

1878 HK Equity

HKD

3.820

0.00

-1.04

200.7

107.81

6.20

3.49

7.75

Central Asia Metals PLC

CAML LN Equity

GBp

145.000

-0.34

-20.77

13,665.4

245.54

190.00

138.75

0.66

Mongolia Investment Group Ltd

402 HK Equity

HKD

0.265

-3.64

-20.90

23.9

229.79

0.38

0.16

7.75

Mongolia Growth Group

YAK CN Equity

CAD

0.700

0.00

-5.41

67.9

20.36

3.07

0.68

1.20

North Asia Resources Holdings Ltd

61 HK Equity

HKD

0.134

0.00

-9.46

16.9

105.15

0.21

0.10

7.75

Guildford Coal Ltd

GUF AU Equity

AUD

0.033

0.00

-8.33

0.3

24.92

0.11

0.03

1.22

Origo Partners PLC

OPP LN Equity

GBp

6.125

0.00

0.00

966.9

33.16

8.25

6.13

0.66

Entree Gold Inc

ETG CN Equity

CAD

0.205

5.13

0.00

12.7

25.15

0.52

0.18

1.20

Aspire Mining Ltd

AKM AU Equity

AUD

0.036

2.86

9.09

20.4

20.84

0.07

0.03

1.22

Prophecy Coal Corp

PCY CN Equity

CAD

0.060

0.00

20.00

2.8

12.61

0.11

0.04

1.20

FeOre Ltd

FEO AU Equity

AUD

0.026

0.00

0.00

1.2

11.32

0.08

0.02

1.22

Petro Matad Ltd

MATD LN Equity

GBp

2.250

0.00

5.88

3.2

9.55

10.25

2.00

0.66

Xanadu Mines Ltd

XAM AU Equity

AUD

0.110

0.00

10.00

19.0

32.89

0.18

0.03

1.22

Haranga Resources Ltd

HAR AU Equity

AUD

0.013

0.00

-7.14

0.2

3.66

0.09

0.01

1.22

Wolf Petroleum Ltd

WOF AU Equity

AUD

0.040

0.00

-11.11

29.2

9.85

0.08

0.03

1.22

Manas Petroleum Corp

MNAP US Equity

USD

0.090

12.92

0.07

10.4

15.03

0.17

0.04

1.00

Khan Resources Inc.

KRI CN Equity

CAD

0.410

0.00

-15.46

20.9

23.31

0.49

0.21

1.20

East Asia Minerals Corp

EAS CN Equity

CAD

0.015

0.00

50.00

4.6

1.49

0.11

0.01

1.22

Erdene Resource Development Corp

ERD CN Equity

CAD

0.100

-16.67

-4.76

1.6

6.90

0.26

0.09

1.20

Modun Resources Ltd

MOU AU Equity

AUD

0.003

0.00

0.00

3.1

4.38

0.01

0.00

1.22

Kincora Copper Ltd

KCC CN Equity

CAD

0.025

0.00

0.00

1.6

6.46

0.09

0.02

1.20

General Mining Corp Ltd

GMM AU Equity

AUD

0.005

0.00

0.00

0.1

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

2.01

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

15 January 2015

18

JSC's

TOP20 index

was

14,611.31

Company name

20,151

worth

Change day

Trade value
'000

Trade volume

shares

Last

Chg day

Chg day %

8.94

mln

MNT

-0.74%

YTD

-1.64%

Buy volume

Buy price

have

Sell price

been

Sell volume

APU

30

3750

0.00%

110

3702

3750

14

BAN

21

56

2680

-121

-4.32%

2680

2900

273

DLG

200

650

3250

-530

-14.02%

ETR

10

96

-2

-2.04%

1674

90

96

2761

GOV

14

104

7400

-50

-0.67%

18

7400

7450

154

GTJ

10

30

3000

-100

-3.23%

500

2700

3000

17

GTL

100

950

9500

0.00%

11000

483

HGN

5,010

476

95

-4

-4.04%

2665

95

99

5190

HRM

1,237

192

155

0.00%

2000

150

155

3698

JTB

1,601

142

89

-0.35%

540

88

89

2211

MIB

210

46

220

0.00%

83177

210

220

83121

NEH

254

4,448

17510

-40

-0.23%

177

17510

18000

90

RMC

10,213

919

90

-4

-4.11%

97

1123

SHG

5800

-235

-3.89%

19

5800

6500

328

TTL

20

86

4300

-50

-1.15%

170

4100

4300

196

UID

1,047

597

570

0.00%

100

485

580

169

ACL

115

83

720

0.00%

NIE

80

120

1500

0.07%

traded.

16 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
-1
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.

91.118