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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/ 5/31/2016 118.00 2,581.82
Unemployment rate 3/31/2016 11.60 56.80
FX Market
Currency Last Δ%DoD Δ%WoW Δ%MoM
USD/MNT 1,955.25 0.29 1.32 2.52
CNY/MNT 296.51 0.39 1.53 3.65
RUB/MNT 29.87 -0.05 1.34 3.57
EUR/MNT 2,198.52 0.13 1.25 3.12
JPY/MNT 18.76 0.27 -1.41 -2.12
EUR/USD 1.1236 0.10 -0.13 -0.68
USD/JPY 104.25 0.01 2.61 4.69
Debt Markets
Bonds - Coupon
Amt.
issued mln
USD
Last YieldMaturity
date
DBM bond - 5.75 580 98.50 7.829 3/21/2017
DBM bond - 1.52 samurai 288 104.49 0.876 12/25/2023
Mongol 2018 - 4.125 500 95.97 6.633 1/5/2018
Mongol 2022 - 5.125 1,000 79.82 9.243 12/5/2022
Mongol 2018 - 7.5 dim sum 152 91.37 12.129 6/30/2018
Mongol 2021- 10.875 500 102.97 9.949 4/6/2021
TDBM 2017 - 10 dim sum 106 99.95 9.467 1/21/2017
TDBM bond - 9.375 500 95.88 10.688 5/19/2020
MMC bond - 8.875 600 22.75 338.430 3/29/2017
World Indices
Δ%DoD ΔYTD%MSE - TOP 20 MN 11,049.97 1.60 -14.33
DJIA US 17,733.10 0.53 1.77
S&P 500 US 2,077.99 0.31 1.67
S&P/TSX comp US 13,882.41 -0.29 6.71
FTSE 100 UK 5,950.48 -0.27 -4.68
S&P/ASX 200 AUS 5,162.70 0.32 -2.52
Hang Seng CN 20,117.46 0.39 -8.20
MICEX/ Moscow Index 50 RUS 1,880.15 0.55 6.74
Shanghai Composite Index RUS 2,879.05 0.22 -18.65
Bloomberg/Asia Pacific. World ASIA 165.82 0.39 -8.98
Commodity Prices
Δ%DoD ΔYTD%
Copper Spot /LME 4,528.50 -2.13 -3.77
Oil 46.60 0.84 25.81
Gold Spot /LME 1,280.51 0.16 20.68
Silver Spot /LME 17.32 0.73 25.06
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 Report6/17/2016
Index Country LastPerformance
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-futures-
rise-as-brexit-odds-ease-crude-slides
NEWS & UPDATES
Coal/China Import
Iron ore
Coal/China Import from Mongolia
Copper
Gold
Oil
17 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 28.450 USD 0.49 -2.30 115,977,400 4,132,673 5,011,110 52,695.01 44.190 21.885 Metals & Mining
Banpu 12.600 THB 1.61 3.93 14,007,949 39,379,000 94,444,416 1,382.40 20.080 10.911 Oil, Gas & Consumable Fuels
Turquoise Hill Resources 3.280 USD 0.92 29.13 13,064,870 4,039,797 6,967,200 6,600.39 4.050 1.550 Metals & Mining
Areva 3.700 EUR 0.00 -31.78 150,584 35,361 3,248 1,593.28 8.879 3.260 Electrical Equipment
Mongolian Mining Corporation 0.083 HKD -1.19 -52.57 17,507 1,625,500 5,616,272 99.07 0.485 0.026 Metals & Mining
Centerra Gold 6.700 CAD -2.47 1.67 20,191,550 2,950,889 1,897,186 1,621.46 8.670 5.510 Metals & Mining
SouthGobi Resources 1.350 HKD 0.00 -43.75 9,038 53,650 172,850 44.83 5.900 1.240 Oil, Gas & Consumable Fuels
Mongolia Energy Corporation 0.169 HKD 0.59 -3.95 1,693 77,100 2,261,516 39.14 0.530 0.107 Oil, Gas & Consumable Fuels
Denison Mines 0.550 USD -0.99 10.44 148,054 268,126 413,637 293.46 0.810 0.350 Oil, Gas & Consumable Fuels
Genie Energy 7.190 USD 0.70 -34.54 334,341 47,251 57,636 177.09 14.748 6.271 Electric Utilities
Central Asia Metals 147.500 GBp 0.00 -3.83 457,518 217,388 6,576 234.33 188.000 121.250 Metals & Mining
Entrée Gold 0.310 USD 0.00 31.43 90,294 296,427 361,862 47.31 0.400 0.170 Metals & Mining
Xanadu Mines 0.220 AUD 0.00 100.00 6,457 41,360 199,781 73.13 0.260 0.073 Metals & Mining
Guildford coal / Terra Energy 0.005 AUD 0.00 -28.57 1,107 300,000 5,227,872 8.86 0.042 0.002 Oil, Gas & Consumable Fuels
Khan Resources 0.656 USD 0.00 163.14 33,156 51,000 21,700 55.17 0.670 0.237 Oil, Gas & Consumable Fuels
Aspire Mining 0.007 AUD -14.29 -25.00 1,041 218,357 498,791 4.11 0.022 0.005 Metals & Mining
Prophecy Coal 1.900 CAD 3.83 -45.71 4,321 3,009 15,404 5.41 7.500 1.000 Oil, Gas & Consumable Fuels
Petro Matad Ltd 2.725 GBp 0.93 -12.80 0 0 244,719 11.16 9.875 1.875 Oil, Gas & Consumable Fuels
Mongolia Growth Group Ltd 0.425 CAD -4.49 25.00 0 12,855 20,854 21.47 0.950 0.330 Real Estate Management
Erdene Resources Development 0.350 CAD 0.00 118.75 49,726 187,000 174,850 31.56 0.550 0.110 Metals & Mining
General Mining Corp Ltd 0.745 AUD -2.61 192.16 608,017 1,098,783 2,895,653 174.95 0.905 0.038 Metals & Mining
Kincora Copper 0.040 CAD 0.00 100.00 835 27,000 429,700 9.71 0.055 0.015 Metals & Mining
Haranga Resources 0.002 AUD 0.00 -50.00 59 40,000 8,000 0.58 0.018 0.002 Metals & Mining
Wolf Petroleum 0.024 AUD 0.00 0.00 26,593 1,639,005 1,583,328 0.00 0.036 0.004 Oil, Gas & Consumable Fuels
Viking Mines 0.020 AUD 0.00 25.00 1,476 100,000 25,500 3.29 0.022 0.008 Metals & Mining
Parmelia Resources 0.085 AUD 0.00 88.89 2,483 39,579 214,834 7.54 0.098 0.020 Metals & Mining
Altan Rio Minerals 0.015 CAD 0.00 50.00 812 70,000 - 1.03 0.030 0.010 Metals & Mining
Eumeralla Resources 0.026 AUD 0.00 16.87 729 38,000 10,267 1.90 0.037 0.019 Metals & Mining
Draig Resources 0.026 AUD -3.70 4.86 24 1,227 77,760 2.05 0.035 0.015 Metals & Mining
Source: Bloomberg
MONGOLIAN STOCK MARKET - MSE TOP 20 INDEX 16/06/2016
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 10,876 0.39 -14.33 6/16/2016 4,428 2,182 2,947 350,025,988 15,862 10,485 MSE Top 20 Index
APU JSC 3,970 0.00 1.90 6/10/2016 - - 834 150,836,041 4,149 3,252 Beverages-Wine/Spirits
Arig Gal JSC 1,800 0.00 -23.40 6/13/2016 - - 13 3,203,056 2,560 1,800 Wool
Baganuur JSC 2,400 0.00 -2.83 6/13/2016 - - 20 25,745,283 3,310 1,350 Coal
Bayangol Hotel JSC 36,000 0.00 -21.88 5/31/2016 - - - 10,342,671 49,800 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 1.63 6/10/2016 - - 5 5,222,140 149 105 Retail-Misc/Diversified
Gobi JSC 7,560 -5.08 -5.66 6/16/2016 4,056 1,049 957 31,918,680 12,000 7,010 Apparel Manufacturers
Darkhan Nekhii JSC 15,300 0.00 -16.16 6/10/2016 47 6 88 10,459,717 24,040 15,100 Apparel Manufacturers
Jenco Tour Bureau 61 0.00 -18.67 6/14/2016 - - 2 3,119,806 100 60 Travel Services
Makh Impex 2,278 0.00 -19.79 6/14/2016 - - 35 6,220,334 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 1,391 -0.57 -52.71 6/16/2016 57 80 52 37,574,711 4,180 100 Coal
Talkh Chikher JSC 19,000 0.00 6.73 6/9/2016 - - - 9,712,155 21,000 15,000 Food-Baking
UB-BUK JSC 25,700 0.00 -35.10 6/3/2016 - - - 20,183,736 40,000 25,000 Bldg Prod-Cement/Aggreg
State Department Store JSC 501 0.00 -4.72 6/16/2016 268 1,047 146 9,506,694 885 480 Retail-Misc/Diversified
HB Oil JSC 336 0.00 -7.14 4/15/2016 - - - - 500 324 Oil Refining&Marketing
Khukh Gan JSC 55 0.00 -26.67 6/13/2016 - - - 2,807,287 142 55 Metal-Diversified
Sharyn Gol JSC 3,500 0.00 -9.14 5/26/2016 - - - - 8,600 2,000 Coal
Shivee Ovoo JSC 2,326 0.00 -31.88 6/15/2016 - - 193 16,471,470 5,500 2,190 Coal
E- Trans Logistics JSC 90 0.00 -25.00 4/15/2016 - - - - 120 86 Transport-Services
Source: Bloomberg
Gainers: % Latest News:
Prophecy Coal 3.83 Commences Paca exploration
Banpu 1.61 No news
Losers:
Aspire Mining -14.29 No news
Mongolia Growth Group Ltd -4.49 Changed auditor from PwC to Davidson & Company LLP
317 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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