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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
6/30/2016
6/30/2016
7/31/2016
7/31/2016
8/18/2016
7/31/2016
3/31/2016

Last
6,255
4,228
0.9
1,166.3
15.00
15.20
11.60

Δ%YoY
3.70
0.10
-86.96
-24.08
-7.00
-79.06
56.80

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

Last
2,247.50
336.84
34.78
2,517.88
21.98
1.1203
102.25

Δ%DoD

Δ%WoW

0.31
0.24
0.34
0.13
0.59
0.04
-0.40

Δ%MoM

0.31
0.24
0.34
0.13
0.59
0.04
-0.40

-8.01
-7.54
-9.91
-8.24
-7.84
0.26
-0.19

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
293
500
1,000
150
500
105
500
600

Last
97.51
104.45
94.25
85.09
94.77
104.13
98.00
99.78
26.25

World Indices
Index
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
MN
US
US
US
UK
AUS
CN
RUS
RUS
ASIA

Last
11,956.82
18,395.40
2,169.04
14,639.88
6,838.05
5,457.70
22,829.95
1,993.35
3,071.79
177.11

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
4,603.50
47.04
1,317.35
18.47
USD
56.57
66.00

Yield

Maturity
date

10.442
0.865
8.192
8.106
10.303
9.545
13.898
9.438
460.731

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
Δ%DoD
ΔYTD%
0.07
-7.29
-0.29
5.57
-0.16
6.12
0.06
12.53
0.31
9.54
-1.05
3.06
-0.35
4.18
0.39
13.17
0.05
-13.21
0.20
-2.78
Performance
Δ%DoD
ΔYTD%
-0.29
-2.17
-1.26
27.00
-0.29
24.15
-1.03
33.34
Δ%MoM
ΔYTD%
10.14
42.85
13.79
6.45

33.00

0.00
Coal/China
Import

Iron ore
Coal/China Import
from Mongolia

Copper

Gold

Oil

Source: Bloomberg Finance L.P.

-5.71

NEWS & UPDATES

8/29/2016

News
Commercial banks made 92.8 billion MNT mortgage loans
In July 2016, commercial banks made 92.8 billion MNT worth mortgage loans to 1592
families stated the Bank of Mongolia. Also, 596 families got 26.4 billion MNT mortgage
loans at a rate of 5%. 117 families got their 5.2 billion MNT loan switched from 8% to
5% last month. Total number of mortgage borrowers reached 85,622 and
outstanding mortgage debt is now 3.8 trillion MNT. Outstanding mortgage debt
growth rate has declined by 0.3% from last month, and by 10.3% from last year.
Montsame agency
62 thousand households reported an income above 1.1 million MNT
There are reported 62 thousand households with an income above 1.1 million MNT,
accounting for 7.2% of total number of households by the second quarter of 2016.
35.5% of total households have an income of 0.5-1.1 million MNT while the majority
of 57.3% households live on an income of up to half a million MNT. Median disposable
monthly income is 540 thousand MNT per household, of which 55.8% comes from
salary and wage while average monthly expenditure per household is 948 thousand
MNT, of which 65% is being spent on non-food goods and services.
National Statistics Office
Tender offer for "Gazar Suljmel" JSC
“Tavan Bogd Trade” LLC, who owns 44,251 shares or 67.7 percent of “Gazar Suljmel”
JSC (MSE:SUL), has made a tender offer to buy the rest of 21,111 shares from small
shareholders at 42,091 MNT per share. Gazar Suljmel's last closing price was 53,450
MNT. Tavan Bogd will receive sell orders between Aug 25th and Sep 25th. The
company announced that settlement will be made on Sep 30th.
Mongolian Stock Exchange
Shortage of kindergarden persists in spite of newly built ones
Ministry of Education and Science reported that there are about 235,000 children
waiting to enrol in a kindergarden for the academic year 2016 -2017, of which 45%
are in Ulaanbaatar. The number of 2 year olds, born in 2014, or first timers to enrol in
a kindergarden reached 27,500 children, an increase of 18.1% from last year. Within
the framework of supporting kindergardens from the ministry, 30 new buildings or
building extensions of kindergardens in Ulaanbaatar city and other privately owned
44 kindergardens are taking in an additional 6115 children.
Bloomberg TV Mongolia
World News
Fed's Yellen sees stronger case for interest rate hike
The Federal Reserve is getting closer to raising interest rates again, the head of the
U.S. central bankand other policymakers said on Friday in comments that left the door
open for a hike as early as next month. Fed Chair Janet Yellen told a global monetary
policy conference that the case for a rate increase had grown stronger, while Fed Vice
Chair Stanley Fischer suggested a move could come at the central bank's September
policy meeting if the economy was doing well. Although U.S. government data earlier
on Friday showed the economy growing only sluggishly in the second quarter, Yellen
said a lot of new jobs were being created and economic growth would likely continue
at a moderate pace.
http://www.reuters.com/article/us-usa-fed-yellen-idUSKCN1111ND
World’s Biggest Pension Fund Loses $52 Billion in Stock Rout
The world’s biggest pension fund posted a $52 billion loss last quarter as stocks
tumbled and the yen surged, wiping out all investment gains since it overhauled its
strategy by boosting shares and cutting bonds.Japan’s Government Pension
Investment Fund lost 3.9 percent, or 5.2 trillion yen ($52 billion), in the three months
ended June 30, reducing assets to 129.7 trillion yen, it said in Tokyo on Friday. That
erases a 4.1 trillion yen investing return for the previous six quarters starting October
2014, the month it decided to put half its assets into equities.The quarterly decline
follows a 5.3 trillion yen loss in the fiscal year through March, the worst annual
performance since the global financial crisis.
http://www.bloomberg.com/news/articles/2016-08-26/world-s-biggest-pension-fundloses-52-billion-as-stocks-slump

037 0.86 -26.57 0.964 17.Trans Logistics JSC Closing Price MNT 11.783.60 -0.552.72 -22.80 20.050 52w low 21.400 3.00 8.00 0.030 0.644 0.170 0. 5 day traded Market cap mln Volume Day volume USD 6.717.004 0.62 0.002 0.133.82 100.015 Industry Metals & Mining Oil.000 39.909 58.000 19.488 3.00 39.767 123.021 5.202 3.648 135.00 0.484 42.156 7.370 0.00 0.500 2.464 52.317 23.49 -8.51 -30.83 254.301 38.000 1.025 3.075 0.166.500 17 200 447 6. Gas & Consumable Fuels Oil.394 222.914 11.150 2.634 740 7.44 156.93 1.12 0.33 5.96 -5.652 4 6 20 156 59 160 264 155 6 84 131 58 - Market Cap USD 357.56 43.86 60.877.098 0.31 32.303 7.885 10.950 20.79 157.625.922 7.935 304.00 - 28/08/2016 %ΔYTD Last Traded date -7.00 68.022 0.158 0.325 0.850 2.708.799.485 325 1.670 3.63 0.050 0.48 5.849.090. 5 day value USD 8.110 0.480 48.019 0.017.04 0.67 0.655 0.525 0.950 0.510 6.500 2.10 0.233 15.916.430 7.34 53.565. Gas & Consumable Fuels Metals & Mining Oil.07 52w high 40.19 29.000 295 480 276 49 2.905 0.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 JSC Makhimpex JSC 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.600 0.16 11.427.42 -10.570 4.54 13.81 -2.07 -1.147 45.153.00 -4.83 -9.00 0.510 60 2.000 0.00 1.134 787.00 0.000 1.400 0.612 185.64 242.033 0.000 0.004 0 0 3.49 -1.640 1.35 -52.337.57 Losers: Mongolian Mining Corporation Aspire Mining -7.88 -20.560 75 2.312.350 36.330 0.666 14.805.550 3.607 20.911 1.309 0 108 19 5.86 158.169.580.76 -45.576.88 0.500 603.906 84 %ΔDoD -0. Gas & Consumable Fuels Metals & Mining Electrical Equipment Metals & Mining Metals & Mining Oil.30 -2.280 0.00 0.54 0.406 12. 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 31.488 3.506 22.005 1.93 2 Traded volume Day Avg.218 Traded Avg. Gas & Consumable Fuels Electric Utilities Metals & Mining Metals & Mining Metals & Mining Oil.00 25.800 1.010 0.202 65 100 15.60 8.716 3.26 -7.290 0.23 9.524 135.654 1.608 490 2.026 5.99 63.260 0.14 11.006 0.745 0 14.760 135 8.737 75 1.92 -0.673 1.52 -3.52 36.96 -2.000 2.238 8.59 1.00 8/28/2016 8/28/2016 8/28/2016 8/29/2016 8/23/2016 8/17/2016 8/25/2016 8/25/2016 8/9/2016 8/25/2016 8/28/2016 8/19/2016 8/25/2016 8/28/2016 8/26/2016 8/25/2016 6/15/2016 8/29/2016 8/26/2016 8/26/2016 8/26/2016 Daily Traded value USD 749 272.57 -5.875 0.010 14.88 -3.719 52w high MNT 52w low MNT 13.75 0.320 0.300 105 7.76 -1.00 0.563 81.050 18.270.00 18. Gas & Consumable Fuels Oil.240 0.799.051 15.00 0.436 37.24 100.400 20 10 60 2.500 185.62 25 12.466 49.49 -3.85 6.287 1.500 127.018.223 2.98 54.09 8.000 103.150 0.500 24.73 1.69 2.041 4.00 0.57 YTD % 8.00 0.489.878.550 0.00 6. Gas & Consumable Fuels Oil.47 3.00 0.570 3.060 313.382 31.000 1.136 12.931.32 3.600 885 450 100 5.00 -1.012 0.12 151.00 0.370 0.40 13.040 90 3.87 1.098.343.28 69.76 0.00 200.00 0.822 28.73 2.500 349 505 324 55 2.250 0.040 80.45 22.896.949 409 2.600 429.180 0.01 -17.00 0.31 -40.88 % Latest News: No news No news No news No news .450 120 10.463.070 6.475 11.793 1.350 5.540 16.13 17.571 1.008 2.070 48.350.002 0.244 32.50 31 100.51 -6.670 0.230 7.92 59.46 124.781 2.190 77 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: Guildford coal / Terra Energy Draig Resources 9.291 27. Gas & Consumable Fuels Oil.479.670 8.120.41 -43.320 4.726.036 0. Gas & Consumable Fuels Metals & Mining Metals & Mining Metals & Mining Metals & Mining Metals & Mining Source: Bloomberg MONGOLIAN STOCK MARKET .017.250 263.328.027 0.035 Currency %ΔDoD 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 -0.380 519.001 82.410 31.00 0.938 2.627 161.643.925 121.48 7.00 -5.025 0.00 156.71 44.500 2.000 77.35 0.020 0.475 417 366.00 0.000 2.980 164.031 0.769 63.636 17.596 477.81 2.909 9.247 19.29 5.29 August 2016 2 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 Entrée Gold Xanadu Mines Guildford coal / Terra Energy Khan Resources Aspire Mining Prophecy Development Corp Petro Matad Ltd Mongolia Growth Group Ltd.000 0.22 14.640 1.562 1.54 0.400 19.28 2.046 0.410 1.724.005 0.160 1.320 23.00 -4.500 9.507 2.078.104 6.50 -0.176 8.264 1.40 272.010 0.000 0.00 0.597 64.560 80 3.19 1.160 174.810 3.185.565.405 9.00 0.70 9.046 13.100 3.177.185 2.550 0.530 0.237 0.363 785.320 0.151 177.841 75.042 5.563 40.49 44.00 -1.069 145 9.288 34.97 0 147.89 29.017 4.25 Daily Traded value USD 217. Gas & Consumable Fuels Real Estate Management Metals & Mining Metals & Mining Metals & Mining Metals & Mining Oil.09 0.680 82.107 0.000 800 179.856 10.008 0.67 -26.

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