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Mongolian Economic Indicators
Indicator Date Last Δ%YoY
NGDP /bln. MNT/ 3/31/2016 4,706 2.00
RGDP /bln.MNT/ 3/31/2016 2,938 3.10
Inflation 5/31/2016 1.8 -77.50
Foreign reserve /mln. USD/ 4/30/2016 1,415.9 23.34
Policy rate 5/5/2016 10.50 -2.50
Trade balance /mln. USD/ 4/30/2016 124.70 196.90
Unemployment rate 3/31/2016 11.60 56.80
FX Market
Currency Last Δ%DoD Δ%WoW Δ%MoM
USD/MNT 1,966.00 0.23 0.76 2.42
CNY/MNT 298.92 0.26 0.71 3.37
RUB/MNT 30.01 0.19 0.87 3.35
EUR/MNT 2,220.08 0.33 0.27 2.67
JPY/MNT 18.63 -0.39 -0.75 -0.89
EUR/USD 1.1268 -0.21 0.15 -0.47
USD/JPY 105.73 0.50 1.17 3.12
Debt Markets
Bonds - Coupon
Amt.
issued mln
USD
Last YieldMaturity
date
DBM bond - 5.75 580 98.50 7.792 3/21/2017
DBM bond - 1.52 samurai 284 104.40 0.889 12/25/2023
Mongol 2018 - 4.125 500 96.15 6.452 1/5/2018
Mongol 2022 - 5.125 1,000 80.24 9.144 12/5/2022
Mongol 2018 - 7.5 dim sum 152 91.46 11.966 6/30/2018
Mongol 2021- 10.875 500 103.51 9.802 4/6/2021
TDBM 2017 - 10 dim sum 106 99.97 9.396 1/21/2017
TDBM bond - 9.375 500 96.15 10.595 5/19/2020
MMC bond - 8.875 600 22.75 329.058 3/29/2017
World Indices
Δ%DoD ΔYTD%MSE - TOP 20 MN 11,029.90 -0.28 -14.48
DJIA US 17,732.48 -0.74 1.76
S&P 500 US 2,079.06 -0.81 1.72
S&P/TSX comp US 13,993.88 -0.31 7.56
FTSE 100 UK 6,044.97 -1.16 -3.16
S&P/ASX 200 AUS 5,203.30 -2.06 -1.75
Hang Seng CN 20,481.30 -0.15 -6.54
MICEX/ Moscow Index 50 RUS 1,903.61 0.00 8.08
Shanghai Composite Index RUS 2,831.80 -0.04 -19.99
Bloomberg/Asia Pacific. World ASIA 165.79 -0.34 -8.99
Commodity Prices
Δ%DoD ΔYTD%
Copper Spot /LME 4,540.50 0.99 -3.51
Oil 48.43 -0.92 30.75
Gold Spot /LME 1,279.58 -0.33 20.59
Silver Spot /LME 17.34 -0.62 25.23
USD Δ%MoM ΔYTD%
Iron Ore 58%/Tianjin 54.85 -7.94 38.51
Prime Coking Coal/China Import 63.00 -5.97 1.61
Prime Coking Coal China Import
from Mongolia price 32.00 0.00 -8.57
Source: Bloomberg Finance L.P.
Commodity USDPerformance
Daily Report6/14/2016
Index Country LastPerformance
News Turquoise Hill Climbs on Speculation Rio May Take It Private Turquoise Hill Resources Ltd. soared amid speculation that its controlling shareholder Rio Tinto Group is preparing for a commodity-price recovery by increasing its stake in the company. Rio Tinto has hired Goldman Sachs Group
Inc. to advise it as the world’s second-largest miner looks into the possibility of taking Turquoise Hill private, reported the Sunday Times. Rio Tinto, Turquoise Hill and Goldman Sachs declined to comment on the story. Shares in Vancouver-based Turquoise Hill rose as much as 19 percent in Toronto on Monday, the
biggest intraday gain since October 2011. http://www.bloomberg.com/news/articles/2016-06-13/turquoise-hill-surges-on-report-rio-tinto-may-take-miner-private EBRD mulls USD-25m loan for wind park in Mongolia The European Bank for Reconstruction and Development (EBRD) is looking at providing a senior secured loan of up to USD 25 million (EUR 22.2m) to finance a 50-MW solar park in Mongolia. Clean Energy Asia LLC's Tsetsii project, worth USD120 million, is located in the Tsogttsetsii soum of Umnugovi aimag, the southern parts of the Gobi desert. Bloomberg Mongolia Jan.-May Gold Exports Rise 53% y/y to 5.2t Mongolia gold exports rose 52.9% to 5.2 tons in the first 5 months of 2016, NSO reports. Value of gold exports rose 53.8% to US$204.87m. Copper concentrate exports rose 30% to 697,700 tons; value fell 9.8% to $800.1m. Coal exports rose 38.4% y/y to 7.2m tons; value fell to $222m from $239.1m. Total exports fell to $1.77b in Jan.-May from $1.87b yr earlier. Exports to China fell to $1.47b from $1.6b. Bloomberg
Bank loan disbursement decreases As of May, 2016, total loans fell 1.7% m.o.m and 6% y.o.y to MNT11.4 trillion, announced the National Statistics Office of Mongolia. Non-performing loans
accounted for 9.3% of total loans. BloombergTV Mongolia
World news Microsoft Buying LinkedIn in Deal Valued at $26.2B
Microsoft Corp. is acquiring the professional social network LinkedIn Corp. for $26.2 billion, one of the largest technology-industry deals on record. Microsoft will pay $196 per share in an all-cash transaction, including LinkedIn’s net cash, a 49.5 percent premium to LinkedIn’s closing price Friday. LinkedIn will retain its
brand, culture and independence and Jeff Weiner will remain CEO of the social network, Microsoft said in a statement Monday. On Monday, LinkedIn closed at US$192.21, soaring 46.64%. http://www.bloomberg.com/news/videos/2016-06-13/microsoft-buying-linkedin-in-deal-valued-at-26-2b
NEWS & UPDATES
Coal/China Import
Iron ore
Coal/China Import from Mongolia
Copper
Gold
Oil
14 June 2016 2
MONGOLIA RELATED COMPANIES
Company NameClosing
PriceCurrency %ΔDoD YTD %
Daily Traded
value USD
Traded
Volume Day
Avg. 5 day traded
volume
Market cap
mln USD52w high 52w low Industry
Rio Tinto 28.070 USD 0.47 -3.61 139,874,700 4,970,857 5,431,265 52,232.03 44.190 21.885 Metals & Mining
Banpu 12.800 THB 4.92 5.58 24,243,475 67,701,500 40,689,904 1,410.42 20.080 10.911 Oil, Gas & Consumable Fuels
Turquoise Hill Resources 3.260 USD 13.19 28.35 51,334,780 15,705,425 2,715,489 6,560.15 4.190 1.550 Metals & Mining
Areva 3.903 EUR -1.21 -28.04 55,893 12,580 2,673 1,685.62 8.879 3.260 Electrical Equipment
Mongolian Mining Corporation 0.085 HKD 1.19 -51.43 26,070 2,374,500 25,181,000 101.44 0.520 0.026 Metals & Mining
Centerra Gold 6.890 CAD 0.73 4.55 19,185,400 2,739,301 1,456,032 1,667.44 8.670 5.510 Metals & Mining
SouthGobi Resources 1.310 HKD -1.50 -45.42 29,891 176,300 393,170 43.49 5.960 1.240 Oil, Gas & Consumable Fuels
Mongolia Energy Corporation 0.170 HKD -1.76 -5.65 137,398 6,354,380 980,586 38.45 0.550 0.107 Oil, Gas & Consumable Fuels
Denison Mines 0.554 USD -1.95 11.24 210,098 378,360 738,722 295.60 0.821 0.350 Oil, Gas & Consumable Fuels
Genie Energy 7.230 USD -2.17 -34.18 912,783 126,022 39,286 178.07 14.748 6.271 Electric Utilities
Central Asia Metals 147.250 GBp 0.51 -3.99 64,165 30,625 6,763 232.45 188.000 121.250 Metals & Mining
Entrée Gold 0.317 USD 2.13 34.22 296,349 920,144 40,018 48.32 0.400 0.170 Metals & Mining
Xanadu Mines 0.200 AUD 0.00 81.82 14,344 99,000 248,507 66.67 0.260 0.073 Metals & Mining
Guildford coal / Terra Energy 0.006 AUD 0.00 -14.29 18,995 4,277,289 7,789,004 10.66 0.042 0.002 Oil, Gas & Consumable Fuels
Khan Resources 0.656 USD -0.06 163.14 33,156 51,000 116,430 55.17 0.670 0.237 Oil, Gas & Consumable Fuels
Aspire Mining 0.007 AUD 0.00 -12.50 6,780 1,166,994 624,298 4.81 0.026 0.005 Metals & Mining
Prophecy Coal 1.850 CAD -2.12 -47.14 60,693 41,011 19,708 5.32 7.500 1.000 Oil, Gas & Consumable Fuels
Petro Matad Ltd 3.150 GBp 6.78 0.80 0 0 1,040,895 12.81 9.875 1.875 Oil, Gas & Consumable Fuels
Mongolia Growth Group Ltd 0.430 CAD 0.00 26.47 0 208 37,955 21.59 0.970 0.330 Real Estate Management
Erdene Resources Development 0.350 CAD -1.43 115.63 39,175 148,700 204,732 31.40 0.550 0.110 Metals & Mining
General Mining Corp Ltd 0.800 AUD -4.76 213.73 613,582 1,028,524 3,433,782 188.41 0.905 0.038 Metals & Mining
Kincora Copper 0.040 CAD 0.00 100.00 17,634 630,965 306,365 9.80 0.055 0.015 Metals & Mining
Haranga Resources 0.002 AUD 0.00 -50.00 59 40,000 208,000 0.58 0.019 0.002 Metals & Mining
Wolf Petroleum 0.017 AUD 142.86 0.00 15,331 1,672,736 - 0.00 0.020 0.004 Oil, Gas & Consumable Fuels
Viking Mines 0.020 AUD 0.00 25.00 407 27,500 77,300 3.29 0.022 0.008 Metals & Mining
Parmelia Resources 0.084 AUD 3.57 93.33 35,682 565,000 28,711 7.74 0.098 0.020 Metals & Mining
Altan Rio Minerals 0.015 CAD 0.00 50.00 819 70,000 14,000 1.04 0.030 0.010 Metals & Mining
Eumeralla Resources 0.026 AUD 0.00 16.87 257 13,333 - 1.91 0.037 0.019 Metals & Mining
Draig Resources 0.027 AUD 0.00 8.89 500 25,000 69,841 2.13 0.035 0.015 Metals & Mining
Source: Bloomberg
MONGOLIAN STOCK MARKET - MSE TOP 20 INDEX 13/06/2016
Company name
Closing
Price
MNT
%ΔDoD %ΔYTDLast Traded
date
Daily Traded
value USD
Traded
volume Day
Avg. 5 day value
USD
Market Cap
USD
52w
high MNT
52w low
MNTIndustry
MSE TOP 20 Index 11,061 -0.54 -14.48 6/13/2016 463 580 8,727 351,601,793 15,862 10,485 MSE Top 20 Index
APU JSC 3,970 0.00 1.90 6/10/2016 - - 3,123 150,011,276 4,149 3,252 Beverages-Wine/Spirits
Arig Gal JSC 1,800 -5.26 -23.40 6/13/2016 63 69 13 3,185,542 2,560 1,800 Wool
Baganuur JSC 2,400 0.00 -2.83 6/13/2016 92 75 73 25,604,509 3,310 1,350 Coal
Bayangol Hotel JSC 36,000 0.00 -21.88 5/31/2016 - - - 10,286,117 50,000 36,000 Hotels&Motels
BDSec JSC 1,550 0.00 -20.06 5/12/2016 - - - - 2,000 1,300 Finance-Invest Bnkr/Brkr
Hermes Center JSC 120 0.00 -2.44 6/10/2016 - - 5 5,193,586 149 105 Retail-Misc/Diversified
Gobi JSC 8,000 -0.12 -6.07 6/13/2016 297 73 606 31,605,270 12,000 7,010 Apparel Manufacturers
Darkhan Nekhii JSC 15,720 0.00 -13.86 6/8/2016 - - 147 10,402,524 24,040 15,100 Apparel Manufacturers
Jenco Tour Bureau 60 0.00 -18.67 6/8/2016 - - 15 3,102,747 100 60 Travel Services
Makh Impex 2,288 0.00 -19.40 6/8/2016 - - 48 6,186,321 3,600 2,202 Food-Meat Products
Merex JSC 70 0.00 -5.41 5/16/2016 - - - - 93 68 Bldg Prod-Cement/Aggreg
Tavan Tolgoi JSC 1,400 0.00 -52.58 6/10/2016 - - 253 37,476,406 4,350 100 Coal
Talkh Chikher JSC 19,000 0.00 9.32 6/9/2016 - - 3,365 9,893,366 21,000 15,000 Food-Baking
UB-BUK JSC 25,700 0.00 -35.10 6/3/2016 - - - 20,073,372 40,200 25,000 Bldg Prod-Cement/Aggreg
State Department Store JSC 504 0.00 -5.09 6/10/2016 - - 90 9,417,268 885 480 Retail-Misc/Diversified
HB Oil JSC 336 0.00 -7.14 4/15/2016 - - - - 500 330 Oil Refining&Marketing
Khukh Gan JSC 55 0.00 -26.67 6/13/2016 10 362 - 2,807,287 145 55 Metal-Diversified
Sharyn Gol JSC 3,500 0.00 -9.14 5/26/2016 - - - - 8,600 2,000 Coal
Shivee Ovoo JSC 2,360 2.16 -33.01 6/13/2016 1 1 986 16,108,382 5,870 2,190 Coal
E- Trans Logistics JSC 90 0.00 -25.00 4/15/2016 - - - - 120 86 Transport-Services
Source: Bloomberg
Gainers: % Latest News:
Wolf Petroleum 142.86 China Sam Enterprise Group Co Ltd to invest A$3.2 million
Turquoise Hill Resources 13.19 Rio hired Goldman Sachs to advise on possible increase in stake
Losers:
Arig Gal JSC -5.26 No news
General Mining Corp Ltd -4.76 No news
314 June 2016
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.
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 exchanges and over-the-counter markets through our longstanding correspondent relationships with many of the world's leading banking institutions. 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: [email protected] Website: www.golomtsecurities.com
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