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Daily Report

Mongolian Economic Indicators


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

Date
3/31/2016
3/31/2016
5/31/2016
4/30/2016
5/5/2016
5/31/2016
3/31/2016

Last
4,706
2,938
1.8
1,415.9
10.50
118.00
11.60

%YoY
2.00
3.10
-77.50
23.34
-2.50
2,581.82
56.80

FX Market
Currency
USD/MNT
CNY/MNT
RUB/MNT
EUR/MNT
JPY/MNT
EUR/USD
USD/JPY

Last
1,955.25
296.51
29.87
2,198.52
18.76
1.1236
104.25

Debt Markets
Bonds - Coupon
DBM bond - 5.75
DBM bond - 1.52 samurai
Mongol 2018 - 4.125
Mongol 2022 - 5.125
Mongol 2018 - 7.5 dim sum
Mongol 2021- 10.875
TDBM 2017 - 10 dim sum
TDBM bond - 9.375
MMC bond - 8.875

Amt.
issued mln
USD
580
288
500
1,000
152
500
106
500
600

%DoD
0.29
0.39
-0.05
0.13
0.27
0.10
0.01

MSE - TOP 20
DJIA
S&P 500
S&P/TSX comp
FTSE 100
S&P/ASX 200
Hang Seng
MICEX/ Moscow Index 50
Shanghai Composite Index
Bloomberg/Asia Pacific. World

Country

98.50
104.49
95.97
79.82
91.37
102.97
99.95
95.88
22.75

MN
US
US
US
UK
AUS
CN
RUS
RUS
ASIA

Last
11,049.97
17,733.10
2,077.99
13,882.41
5,950.48
5,162.70
20,117.46
1,880.15
2,879.05
165.82

Commodity Prices
Commodity
Copper Spot /LME
Oil
Gold Spot /LME
Silver Spot /LME
Iron Ore 58%/Tianjin
Prime Coking Coal/China Import
Prime Coking Coal China Import
from Mongolia price

USD
4,528.50
46.60
1,280.51
17.32
USD
54.85
63.00

%MoM

1.32
1.53
1.34
1.25
-1.41
-0.13
2.61

Last

World Indices
Index

%WoW

2.52
3.65
3.57
3.12
-2.12
-0.68
4.69

Yield

Maturity
date

7.829
0.876
6.633
9.243
12.129
9.949
9.467
10.688
338.430

3/21/2017
12/25/2023
1/5/2018
12/5/2022
6/30/2018
4/6/2021
1/21/2017
5/19/2020
3/29/2017

Performance
%DoD
YTD%
1.60
-14.33
0.53
1.77
0.31
1.67
-0.29
6.71
-0.27
-4.68
0.32
-2.52
0.39
-8.20
0.55
6.74
0.22
-18.65
0.39
-8.98

Performance
%DoD
YTD%
-2.13
-3.77
0.84
25.81
0.16
20.68
0.73
25.06
%MoM
YTD%
-7.94
38.51
-5.97
1.61

32.00

0.00
Coal/China
Import

Iron ore
Coal/China Import
from Mongolia

Copper

Gold

Oil

Source: Bloomberg Finance L.P.

-8.57

NEWS & UPDATES

6/17/2016

News
"Baganuur" JSC to issue additional shares
As per resolution no.233 of Financial Regulatory Commission dated June 15th,
2016, "Baganuur" JSC will be issuing additional shares to boost coal production,
stripping operations and competitiveness while decreasing transportation costs.
Details will be presented on June 20th, 2016 from 11-13 p.m. in the Tuushin
Hotel and from 15-17 p.m. in the Mongolian Stock Exchange.
http://mse.mn/Newsmore/mn/event/3386

Purchase of gold the Bank of Mongolia increase 61%


As of May, 2016, the Bank of Mongolia purchased around 3.3t gold from legal
entities and individuals, 61% higher than year earlier. In 2015, the central bank
purchased 15.1t gold, 7 times higher than that of 2010. Gold contributes 9.1% to
total export and accounts for 40% of foreign reserves.
http://news.gogo.mn/r/187045

Banking sector faces loss in May, 2016


The banking sector faced loss for the fifth month consecutively reporting loss of
MNT5.2 billion for the month of May, which is three times less than the previous
month.
Bank of Mongolia
BoM holds FX auction
Commercial banks bid MNT1950.00-1955.00 for USD1.6 million, asked MNT
1968.00 for USD 3.0 million and bid MNT296.11-296.80 for CNY 7.0 million
respectively. The BoM did not accept any offers.
https://www.mongolbank.mn/eng/news.aspx?id=182
World news
Stocks Rise With Commodities as Falling Brexit Risk Boosts Pound
Global stocks rebounded from a four-week low, commodities rallied and the
pound strengthened after the murder of a U.K. lawmaker prompted speculation
Britons will be less inclined to vote to leave the European Union. Sovereign bonds
fell as demand for haven assets cooled. All 10 industry groups advanced on the
MSCI All Country World Index, led by gains in financial shares and raw-materials
producers.
http://www.bloomberg.com/news/articles/2016-06-16/most-asian-stock-futuresrise-as-brexit-odds-ease-crude-slides

17 June 2016

MONGOLIA RELATED COMPANIES


Company Name

Rio Tinto
Banpu
Turquoise Hill Resources
Areva
Mongolian Mining Corporation
Centerra Gold
SouthGobi Resources
Mongolia Energy Corporation
Denison Mines
Genie Energy
Central Asia Metals
Entre Gold
Xanadu Mines
Guildford coal / Terra Energy
Khan Resources
Aspire Mining
Prophecy Coal
Petro Matad Ltd
Mongolia Growth Group Ltd
Erdene Resources Development
General Mining Corp Ltd
Kincora Copper
Haranga Resources
Wolf Petroleum
Viking Mines
Parmelia Resources
Altan Rio Minerals
Eumeralla Resources
Draig Resources

Closing
Price

28.450
12.600
3.280
3.700
0.083
6.700
1.350
0.169
0.550
7.190
147.500
0.310
0.220
0.005
0.656
0.007
1.900
2.725
0.425
0.350
0.745
0.040
0.002
0.024
0.020
0.085
0.015
0.026
0.026

Currency

USD
THB
USD
EUR
HKD
CAD
HKD
HKD
USD
USD
GBp
USD
AUD
AUD
USD
AUD
CAD
GBp
CAD
CAD
AUD
CAD
AUD
AUD
AUD
AUD
CAD
AUD
AUD

%DoD

0.49
1.61
0.92
0.00
-1.19
-2.47
0.00
0.59
-0.99
0.70
0.00
0.00
0.00
0.00
0.00
-14.29
3.83
0.93
-4.49
0.00
-2.61
0.00
0.00
0.00
0.00
0.00
0.00
0.00
-3.70

YTD %

-2.30
3.93
29.13
-31.78
-52.57
1.67
-43.75
-3.95
10.44
-34.54
-3.83
31.43
100.00
-28.57
163.14
-25.00
-45.71
-12.80
25.00
118.75
192.16
100.00
-50.00
0.00
25.00
88.89
50.00
16.87
4.86

Daily Traded
value USD

115,977,400
14,007,949
13,064,870
150,584
17,507
20,191,550
9,038
1,693
148,054
334,341
457,518
90,294
6,457
1,107
33,156
1,041
4,321
0
0
49,726
608,017
835
59
26,593
1,476
2,483
812
729
24

Traded
Volume Day

4,132,673
39,379,000
4,039,797
35,361
1,625,500
2,950,889
53,650
77,100
268,126
47,251
217,388
296,427
41,360
300,000
51,000
218,357
3,009
0
12,855
187,000
1,098,783
27,000
40,000
1,639,005
100,000
39,579
70,000
38,000
1,227

Avg. 5 day traded


volume

5,011,110
94,444,416
6,967,200
3,248
5,616,272
1,897,186
172,850
2,261,516
413,637
57,636
6,576
361,862
199,781
5,227,872
21,700
498,791
15,404
244,719
20,854
174,850
2,895,653
429,700
8,000
1,583,328
25,500
214,834
10,267
77,760

Market cap
mln USD

52,695.01
1,382.40
6,600.39
1,593.28
99.07
1,621.46
44.83
39.14
293.46
177.09
234.33
47.31
73.13
8.86
55.17
4.11
5.41
11.16
21.47
31.56
174.95
9.71
0.58
0.00
3.29
7.54
1.03
1.90
2.05

52w high

44.190
20.080
4.050
8.879
0.485
8.670
5.900
0.530
0.810
14.748
188.000
0.400
0.260
0.042
0.670
0.022
7.500
9.875
0.950
0.550
0.905
0.055
0.018
0.036
0.022
0.098
0.030
0.037
0.035

52w low

21.885
10.911
1.550
3.260
0.026
5.510
1.240
0.107
0.350
6.271
121.250
0.170
0.073
0.002
0.237
0.005
1.000
1.875
0.330
0.110
0.038
0.015
0.002
0.004
0.008
0.020
0.010
0.019
0.015

Industry
Metals & Mining
Oil, Gas & Consumable Fuels
Metals & Mining
Electrical Equipment
Metals & Mining
Metals & Mining
Oil, Gas & Consumable Fuels
Oil, Gas & Consumable Fuels
Oil, Gas & Consumable Fuels
Electric Utilities
Metals & Mining
Metals & Mining
Metals & Mining
Oil, Gas & Consumable Fuels
Oil, Gas & Consumable Fuels
Metals & Mining
Oil, Gas & Consumable Fuels
Oil, Gas & Consumable Fuels
Real Estate Management
Metals & Mining
Metals & Mining
Metals & Mining
Metals & Mining
Oil, Gas & Consumable Fuels
Metals & Mining
Metals & Mining
Metals & Mining
Metals & Mining
Metals & Mining

Source: Bloomberg

MONGOLIAN STOCK MARKET - MSE TOP 20 INDEX


Company name

MSE TOP 20 Index


APU JSC
Arig Gal JSC
Baganuur JSC
Bayangol Hotel JSC
BDSec JSC
Hermes Center JSC
Gobi JSC
Darkhan Nekhii JSC
Jenco Tour Bureau
Makh Impex
Merex JSC
Tavan Tolgoi JSC
Talkh Chikher JSC
UB-BUK JSC
State Department Store JSC
HB Oil JSC
Khukh Gan JSC
Sharyn Gol JSC
Shivee Ovoo JSC
E- Trans Logistics JSC

Closing
Price
MNT

10,876
3,970
1,800
2,400
36,000
1,550
120
7,560
15,300
61
2,278
70
1,391
19,000
25,700
501
336
55
3,500
2,326
90

%DoD

0.39
0.00
0.00
0.00
0.00
0.00
0.00
-5.08
0.00
0.00
0.00
0.00
-0.57
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

16/06/2016

%YTD

Last Traded
date

Daily Traded
value USD

-14.33
1.90
-23.40
-2.83
-21.88
-20.06
1.63
-5.66
-16.16
-18.67
-19.79
-5.41
-52.71
6.73
-35.10
-4.72
-7.14
-26.67
-9.14
-31.88
-25.00

6/16/2016
6/10/2016
6/13/2016
6/13/2016
5/31/2016
5/12/2016
6/10/2016
6/16/2016
6/10/2016
6/14/2016
6/14/2016
5/16/2016
6/16/2016
6/9/2016
6/3/2016
6/16/2016
4/15/2016
6/13/2016
5/26/2016
6/15/2016
4/15/2016

4,428
4,056
47
57
268
-

Traded
volume Day

2,182
1,049
6
80
1,047
-

Avg. 5 day value


USD

2,947
834
13
20
5
957
88
2
35
52
146
193
-

Market Cap
USD

350,025,988
150,836,041
3,203,056
25,745,283
10,342,671
5,222,140
31,918,680
10,459,717
3,119,806
6,220,334
37,574,711
9,712,155
20,183,736
9,506,694
2,807,287
16,471,470
-

52w
high MNT

52w low
MNT

15,862
4,149
2,560
3,310
49,800
2,000
149
12,000
24,040
100
3,600
93
4,180
21,000
40,000
885
500
142
8,600
5,500
120

10,485
3,252
1,800
1,350
36,000
1,300
105
7,010
15,100
60
2,202
68
100
15,000
25,000
480
324
55
2,000
2,190
86

Industry
MSE Top 20 Index
Beverages-Wine/Spirits
Wool
Coal
Hotels&Motels
Finance-Invest Bnkr/Brkr
Retail-Misc/Diversified
Apparel Manufacturers
Apparel Manufacturers
Travel Services
Food-Meat Products
Bldg Prod-Cement/Aggreg
Coal
Food-Baking
Bldg Prod-Cement/Aggreg
Retail-Misc/Diversified
Oil Refining&Marketing
Metal-Diversified
Coal
Coal
Transport-Services

Source: Bloomberg
Gainers:
Prophecy Coal
Banpu
Losers:
Aspire Mining
Mongolia Growth Group Ltd

%
3.83
1.61

-14.29
-4.49

Latest News:
Commences Paca exploration
No news

No news
Changed auditor from PwC to Davidson & Company LLP

17 June 2016

Golomt Securities LLC


Golomt Securities LLC provides timely and efficient execution of domestic and global securities transactions while concurrent ly providing
insightful advisory service based upon our unique proprietary research and analysis.
We have a physical seat on the Mongolian Stock Exchange (MSE) as well as trade access to all major international stock exchan ges and
over-the-counter markets through our longstanding correspondent relationships with many of the world's leading banking instituti ons.
Our services offer the most comprehensive financial solutions to investors and companies seeking financing by taking a holist ic approach
that combines the strength of Golomt Bank's investment banking services and market research expertise as well as Golomt Secur ities LLC's
state of the art trade execution capabilities and superior service standards.
Contact
606B Central Tower
Great Chinggis Khaan's Square,
Ulaanbaatar 14200
Mongolia
Phone: +976-70121530
Fax:
+976-70121529
E-mail: info@golomtsecurities.com
Website: www.golomtsecurities.com
Find us on Bloomberg: GLM <GO>
Disclaimer
This document has been prepared by the Golomt Securities LLC 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 Securities LLC, 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.