Upload
amga-khash
View
213
Download
0
Embed Size (px)
Citation preview
7/24/2019 ECMGL Weekly Dec 30-Jan 3 - Copy
1/14
ya
www.eurasiac.com
Selected Worldwide Indices
IndexCloseprice
Performanc
w-o-w YT
MSE TOP 2 !"2##.$ 2.%2& -Sil( )oadComposi*e Index +$.'# !.'2& Sil( )oadMon,olia 2'2.+ -.22& -2Sil( )oad on,
on, !!./$ -'.!2& -+Sil( )oad0us*ralia !$"./% .'2& "
Sil( )oad Ira1!'%+.%
2./& !Sil( )oad Ira1 OilIndex
!"2$.+
'.'!& !
Sil( )oadMyanmar Index
!#2".#'
-.!"& -2
Sil( )oad Cen*ral0sia Index
+.!+ !.$&
MSCI 3M #%/.++ !."2&
MSCI EM %$%.+% -!./!& -2
Dow 4ones!"+"%.%
% -.#& -
3TSE ! "$'."$ -.'& -
5i((ei!"2%!.'
! ."%&
an, Sen,22/!$.2
/ -!./'& -2
S6an,6ai 22%.$/ -.##& -!
0SE %!/.! .%2&
)TS !++2.$' -.!/&
Top Movers on MSE
S*oc(ClosepriceM5T
Performanc
w-o-w YT
Best performers
Solon,o Express '#+#22.2+
& $
7u(6u, #2#
!+.%%
& !#
Dar(6an 6u8un '%"#!+.%'
& !+
Mon,ol 5e(6mel "2!+./!
&
S6i8ee O8oo $/!!.+'
& -2'
Worst performers
Mon,olian Telecom !'# -'."+& -%
Dar(6an 6uns # -'./#& 2+"
7er(6 9ul +2%% -+.+$& -2/
7ayan 0ldar !#
-!!.$"
& -'$
6an,al !!#
-
!#.& -!"
Major Commodities
Commodi*y:as*price
Performanc
w-o-w YT
Copper ;
7/24/2019 ECMGL Weekly Dec 30-Jan 3 - Copy
2/14
Mongolia Weekly '+ecem,er -%. $%/-#0anuary 1. $%/2*4anuary " @MondayB
"3ITICS 4N+ EC"N"M5
Major 6ig)lig)t Events of $%/-
/7 Ts7El,egdorj re#elected
T6e six*6 Presiden*ial elec*ion ran on 4une 2" 2!' wi*6 *6ree candida*es from *6e
Democra*ic Par*y @DPB *6e Mon,olian PeopleGs Par*y @MPPB and *6e Mon,olian
PeopleGs )e8olu*ionary Par*y @MP)PB. 0s a resul* *6e DP nominee Ts.El?e,dor won
*6e elec*ion wi*6 #.2'& of *6e *o*al 8o*es. T6e elec*ion was special ?ecause a
woman candida*e s*ood for *6e presiden*ial elec*ion for *6e Hrs* *ime in our 6is*ory.
$7 World democracy discussed in 8laan,aatar
3rom 0pril 2$ *o 0pril 2% 2!' Mon,olia successfully or,ani>ed *6e se8en*6
Minis*erial Conference of *6e Communi*y of Democracies @CoDB in 9laan?aa*ar
?rin,in, almos* !' dele,a*es from ! coun*ries.
-7 Strategic partners)ip relations wit) C)ina and 0apan
T6e Prime Minis*er of Mon,olia 5.0l*an(6uya, paid an ocial 8isi*s *o 4apan onSep*em?er !!-!+ 2!' and C6ina on Oc*o?er 22-2". Durin, 6is 8isi* in 4apan 6e
si,ned *6e Middle-Term Pro,ram on Mon,olia-4apan s*ra*e,ic rela*ions and *6e
coun*ries es*a?lis6ed a memorandum of mu*ual unders*andin, ?e*ween
De8elopmen*al 7an( of Mon,olia and *6e 4apan 7an( for In*erna*ional Coopera*ion.
T6e ?an(s reac6ed an a,reemen* *o issue *6e JSamuraiJ ?onds of 4PY' ?n. C6ina
and Mon,olia de*ermined direc*ions of *6e 2-year rela*ions and coopera*ion and
es*a?lis6ed impor*an* a,reemen*s on erec*in, a fac*ory of ,asifyin, coal supplyin,
up *o !?n *ons of coal *o C6ina for 2 years and on au,men*in, a supply of JMon,ol
%'J fuel.
27 3aw on investments adopted
On 5o8em?er ! Parliamen* of Mon,olia adop*ed *6e new law on in8es*men*s in
order *o crea*e in8es*ors-friendly and sus*aina?le le,al en8ironmen* a**rac* ?o*6
domes*ic and forei,n in8es*men*s and ac*i8a*e in8es*men* Kow.
17 resident of Mongolia ,ecomes t)e 9rst democratic president to visit
Nort) :orea
T6e Presiden* of Mon,olia Ts.El?e,dor 8isi*ed 5or*6 orea on Oc*o?er 2/-'!
?ecomin, *6e Hrs* coun*ry leader *o ?e recei8ed since im 4un, 9nGs leaders6ip.
Durin, 6is four-day 8isi* Mr El?e,dor presen*ed 6is coun*ryGs 6is*ory as an example
of 6ow *o ac6ie8e so8erei,n*y and economic de8elopmen* wi*6ou* relyin, on *6euse of force. T6e Mon,olian leader 6ad ?usy days mee*in, wi*6 8arious ocials and
>ippin, around *o im I: Sun, 9ni8ersi*y a Pyon,yan, *6ea*er *6e Munsu wa*er fun
par( *6e ?order wi*6 Sou*6 orea and im family mausoleum and o*6er places. 0
speec6 ,i8en a* im I: Sun, 9ni8ersi*y in Pyon,yan, ?y *6e Presiden* raised
eye?rows for i*s s*ar(ly cri*ical por*rayal of *6e follies of *yrannical rule and *6e
repression of 6uman ri,6*s.
www.eurasiac.com 2
http://www.eurasiac.com/http://www.eurasiac.com/7/24/2019 ECMGL Weekly Dec 30-Jan 3 - Copy
3/14
Mongolia Weekly '+ecem,er -%. $%/-#0anuary 1. $%/2*4anuary " @MondayB
(7 5oung scientist;s innovation is to tackle nation;s growing energy
demand
T6e Presiden* Ts.El?e,dor awarded *6e youn, en,ineer 5.5a*sa,nyam *6e 6i,6es*
S*a*e 0ward for 6is inno8a*ion of J0u*oma*ic adus*men* for sync6roni>ed
,enera*orGs reac*i8e po*en*ial and i*s 8ir*ual la?ora*oryJ or J5a5yam-0L!2u/2+'J.
Se8eral days earlier *6e =o8ernmen* 6ad awarded 6im 2!' Pri>e of Tec6nolo,ical
Pro,ress of Mon,olia wi*6 a cas6 of M5T! mn. is inno8a*ion of comple*e
sof*ware and 6ardware solu*ion sa8es M5T" mn @9S;'#B in impor* and *en
*imes c6eaper *6an a similar *ec6nolo,y used in C6ina.
ed *6a*
ca?ine* will suppor* *6e na*ional produc*ion of *6ese i*ems in *6e Hrs* *urn and
men*ioned *6a* *6e ca?ine* 6as already recei8ed draf* proec*s on *6e produc*ion of
expor*-orien*ed produc*s repor*ed on www.news.mn.
www.eurasiac.com '
http://www.eurasiac.com/http://www.eurasiac.com/7/24/2019 ECMGL Weekly Dec 30-Jan 3 - Copy
4/14
Mongolia Weekly '+ecem,er -%. $%/-#0anuary 1. $%/2*4anuary " @MondayB
!IN4NCI43 M4=:ETS
MSE Top #$% 4dvanced ,y ->
:as* wee( *6e
?enc6mar( index MSE
Top-2 ,rew ?y '& w-
o-w and closed a*
!"2##.$ on 3riday
4anuary ' 2!+compared *o !#$%#.!/
a wee( prior. "".
T6e maor s*oc(s *6a*
,rew were S6i8ee O8oo
@SFB !!.+'& *o
M5T$/ =o?i @=OFB
"./!& *o M5T#/
Mon,olian
De8elopmen*
)esources @MD)B #.%/&*o M5T$/ Mo,oin =ol
@7D:B #."+&
M5T!""$ and 7a,anuur @705B +.#2& *o M5T+". Meanw6ile wors* performers
of *6e wee( were Mon,olian Telecom @MCB -'."+& *o M5T!'# 7ayan,ol o*el
@75=B -!.'+& *o M5T#% 97 o*el @9IDB -!.2& *o M5T%'+ o*el Mon,olia
@MSB -.#/& *o M5T%$.
www.eurasiac.com +
MSE Top $% Inde& '( mont)*
!'/
!+'
!+/
!#'
!#/
!"'
!"/
!$'
!$/
7an( of Mon,olia )a*e
http://www.eurasiac.com/http://www.eurasiac.com/7/24/2019 ECMGL Weekly Dec 30-Jan 3 - Copy
5/14
Mongolia Weekly '+ecem,er -%. $%/-#0anuary 1. $%/2*4anuary " @MondayB
MNT +epreciated ,y ->
T6e local
currency
M5T
deprecia*ed ?y '& compared *o *6e prior wee(.T6e ocial M5T
7/24/2019 ECMGL Weekly Dec 30-Jan 3 - Copy
6/14
Mongolia Weekly '+ecem,er -%. $%/-#0anuary 1. $%/2*4anuary " @MondayB
C"MM"+IT5 M4=:ETS
@Coal Mongolia#$%/2A Conference Set for !e,ruaryT6e annual Coal Mon,olia - In*erna*ional Coal In8es*ors Conference and Ex6i?i*ion
will ?e 6eld on 3e?ruary 2*6 and 2!s* 2!+. ey *opics and discussions of *6e
Coal Mon,olia-2!+ will ?e a?ou* a**rac*in, forei,n in8es*men* for coal
explora*ion minin, and processin, proec*s in Mon,olia. T6e curren* de8elopmen**rends in *6e coal sec*or fu*ure perspec*i8es in8es*men* le,al en8ironmen*
infras*ruc*ure and la*es* *ec6nolo,ies will also ?e on *6e a,enda. T6e In*erna*ional
Coal In8es*ors Conference and Ex6i?i*ion is desi,ned *o increase *6e
compe*i*i8eness of Mon,olian coal in *6e 0sian mar(e*. T6e year of 2!' was
c6allen,in, *ime for *6e Mon,olian coal sec*or 6owe8er coal-minin, companies
made a 6is*orical record ?y minin, 2/." mn
and expor*in, !" mn *ons of coal in !!
mon*6s w6ic6 was more *6an " mn *ons
compared *o 2!2.
www.eurasiac.com "
http://www.eurasiac.com/http://www.eurasiac.com/7/24/2019 ECMGL Weekly Dec 30-Jan 3 - Copy
7/14
Mongolia Weekly '+ecem,er -%. $%/-#0anuary 1. $%/2*4anuary " @MondayB
C"="=4TE NEWS
Best Natural =e)a,ilitation 4ward oes to 4ltan +ornod 33C
0* *6e end of *6e year *6e Minin, Minis*ry 6as announced *6e 2!'s 7es* Miners of
Mon,olia. Qinners of *6e four nomina*ions wereN
!. 7es* in8es*or - S6aryn =ol2. 7es* *ec6nolo,y in*roducer - Oyu Tol,oi
'. 7es* na*ural re6a?ili*a*or - 0l*an Dornod
+. 7es* proec* de8eloper R =lo,exSourceN
www.news.mn
4sgat Silver +eposit will ,e +eveloped
Mon,olia R #!& and )ussia R +%& oin* 8en*ure Mon,olros*s8e*me* ::C 6eld a ?oard
mee*in, and discussed possi?ili*ies of formin, and de8elopin, a 0s,a* sil8er and
copper deposi* w6ic6 is loca*ed in nor*6wes*ern par* of *6e coun*ry - !/ (m from
*6e capi*al 9laan?aa*ar. I* 6as *o*al a8era,e ore reser8e of 2'.! mn *ons and
es*ima*ed 2+" mn o> of sil8er. Mem?ers of *6e ?oard decided *o de8elop a fully
opera*ional mine soon and *o form a oin* 8en*ure wi*6 s*a*e owned Erdenes M=:
::C and )os*ec said on Business Mongolia.
www.eurasiac.com $
http://www.eurasiac.com/http://www.eurasiac.com/7/24/2019 ECMGL Weekly Dec 30-Jan 3 - Copy
8/14
Mongolia Weekly '+ecem,er -%. $%/-#0anuary 1. $%/2*4anuary " @MondayB
E8=4SI4 C4IT43 =4TINS
MSE T"#$% Companies '+ecem,er -%.$%/- # 0anuary -. $%/2*
NameSym,ol
EurasiaCapital=ating
rice Market Cap erformance E B
MNT MNTmn8S?mn
/Wc)g
y#t#d $%/$ $%/$
0P90P9
95DE))EFIEQ +! '+#/ !$%./ .& ./& !'. '.#
Ta8an Tol,oi TT:
95DE)
)EFIEQ #$! '$!/ !$$.# 2.//&
-
'!.2& '2.$ "./
S6i8ee O8ooSF
95DE))EFIEQ $/ !+""% "!./
!!.+'&
-2'.& 50 "'.
7a,anuur705
95DE))EFIEQ +" %"+/2 #$. +.#2&
-!!.%& #!.# 2.+
S6aryn =olS=
95DE))EFIEQ $$ $/$/2 +".# .&
-!2.#& 2##. #.!
=o?i=OF
95DE))EFIEQ #/ +#2+$ 2".$ "./!& 22.%& /." !.2
Mon,olian TelecomMC
95DE))EFIEQ !'# '+%2# 2." -'."+& -%.%& !/'./ !.'
97 o*el9:5
95DE))EFIEQ %'+ '!!%" !/.+ -!.2& .& !'." 2.%
SuuS99
95DE))EFIEQ /%#2 '$%# !/.2 .& .& !2.2 2./
7DSec
7DS95DE)
)EFIEQ 2+ 2"+ !#." .&
-
''./& !$./ 2.$
7ayan,ol o*el75=
95DE))EFIEQ #% 2+%"! !+.$ -!.'+& !'.#& ".# !.
S*a*e Depar*men*S*ore
9ID95DE))EFIEQ #+! !%%2' !!./ !.%%& ++.#& -'.+ -#/.!
Tal(6 C6i(6erTC
95DE))EFIEQ !++ !+$+! /.$ '.%$& +.& !." ./
Mo,oin =ol7D:
95DE))EFIEQ !""$ !'/' /.2 #."+& 2!.+& !$.! .%
6u(6 =an=5
95DE))EFIEQ !' !'!$! $./ !.!+&
-2'.#& +./ !.#
)emicon)MC
95DE))EFIEQ !"# !2%/' $.$ .!&
-!!.!& -%$." 2.%
Mon,olia De8elopmen*)esources
MD)95DE))EFIEQ
$/ !$2# ".' #.%/&-
2#.!&'2#. #.
Sili(a*SI:
95DE))EFIEQ 2' !"#$ ".' .& !#."&
50 !.2
=enco Tour 7ureau4T7
95DE))EFIEQ /% %$% #./ .& -!.!& +!.' !.2
o*el Mon,oliaMS
95DE))EFIEQ %$ %$ #.$ -.#/& -#.&
-#2$.2 '.
Source: MSE, Eurasia Capital Estimates
Selected 1 Non#MSE T"#$% Mem,er 3argest Companies '+ecem,er -%.$%/- # 0anuary -.$
NameSym,ol
EurasiaCapital=ating
rice Market Cap erformance E B
MNTMNTm
n8S?mn
/Wc)g
y#t#d$%/$
$%/$
7er(6 9ul7E9
95DE))EFIEQ +2%% /!%+/ +/.+ -+.+$& -2/.$&
!$+. -"#.
Dar(6an 5e(6ii 5E 95DE))EFIEQ !!%' !'!// $./ -.#/& '.$& !/.$ !.!
EermelEE)
95DE))EFIEQ 2$%% %$'% #.$ .& .& ".! .$
Ma(6 ImpexMML
95DE))EFIEQ 2#'' %"2$ #.$ #.%/& !."& 50 -2.#
0duunc6uluun0D:
95DE))EFIEQ 2' $2+/ +.' +.##& !.%& %.% 2.!
Source: MSE, Eurasia Capital Estimates
*Note: These PE and PB ratios are not meaningful, in our iew.
www.eurasiac.com /
http://www.eurasiac.com/http://www.eurasiac.com/7/24/2019 ECMGL Weekly Dec 30-Jan 3 - Copy
9/14
Mongolia Weekly '+ecem,er -%. $%/-#0anuary 1. $%/2*4anuary " @MondayB
EC"N"MIC E=!"=M4NCEIndicator $%%2 $%%1 $%%( $%%< $%% $%%D $%/% $%// $%/$ $%/-
!
opulation and income
Popula*ion mn 2.#' 2.#" 2.#% 2."' 2."/ 2.$+ 2.$" 2./! 2./$ 2.%'=DP per capi*a 9S; $2 %# !'2$ !"2 2!/ !"// 22"$ '+# '#$# +'
National accounts5ominal =DP M5T?n 2!#2 2$/ '$!# +#%%.
#
"### "#%! /+!# !/'
!'%+
+
!$"#
5ominal =DP 9S;?n !./ 2.' '.2 '.% #.! +." "." /." !.' !'.")eal =DP ,row*6 y-
o-y &
!." $.2 /." !.2 /.% -!.' ".+ !$.' !2.' !/.#
Monetary indicators and inationM2 ,row*6 y-o-y & 2.+ '+." '+./ #".' -#.# 2".% "2.# '$. !/./ 2#.CPI y-o-y & !!. %.2 +./ !+.! 22.! +.2 !'. !.2 !+. !#.Exc6an,e ra*e
M5T
7/24/2019 ECMGL Weekly Dec 30-Jan 3 - Copy
10/14
Mongolia Weekly '+ecem,er -%. $%/-#0anuary 1. $%/2*4anuary " @MondayB
MSE 4N+ M"N"3I4 !"C8SE+ INTE=N4TI"N43MININ C"M4N5 ST"C:S E=!"=M4NCES8MM4=5
MSE T"#$% erformance '+ecem,er -%.$%/- # 0anuary -. $%/2*
Code
Name
rice erformance Market Cap+aily Turnover
'1$Wk 4vg*
/Wkturnover
'MNT*
Close1$Wk
)ig)
1$ Wklow
w#o#w y#t#dMNTm
n8S?mn
MNT 8S?
% 0P9 +! +'%# '2' .& ./&'+#/
!$%./!/%'$"
/$%!!!$%
# !%+%+%
+#/ Ta8an Tol,oi #$! %2$# !%2 2.//&-
'!.2&'$!
/ !$$.#+!"2+
2+#$ 22%!+2
+" S6i8ee O8oo $/!
+#!!.+'
&-
2'.&!+""
% "!./ "#%/ '#/ #%"2
'%" 7a,anuur +" ## '$ +.#2&-
!!.%& %"+/2 #$.!!!#++
" "#/ !#!+%!+
'% S6aryn =ol $$!2#
$!! .&-
!2.#& $/$/2 +".#2%+2"/
" !$'$ 2$'"#
'#+ =o?i #/ #/ '/+ "./!& 22.%& +#2+$ 2".$ /+/2% #! !'""!/2% Mon,olian Telecom !'# 2!/ %+' -'."+& -%.%& '+%2# 2." '%$#+! 2'# 2!%$'
' 97 o*el%'+
!%
/ -!.2& .& '!!%" !/.+2'+!/#
$% !'/2# 2$%!2
!'# Suu/%#2
%
"$ .& .& '$%# !/.2 $++#'! ++ -
#22 7DSec 2+ +!' 2!# .&-
''./& 2"+ !#."2!2/%#
" !2#$ +'/+/
!' 7ayan,ol o*el#%
#%/
'$ -!.'+& !'.#& 2+%"! !+.$ "#!++ '/+ #'+
+/+S*a*e Depar*men*S*ore #+! #"+ '$ !.%%& ++.#& !%%2' !!./ +$'" 2+ !2+#%!
22 Tal(6 C6i(6er!++
!+%#
22%' '.%$& +.& !+$+! /.$!2$$$
+ $#+ '!#'"
+++ Mo,oin =ol!""$
!""$
!!# #."+& 2!.+& !'/' /.2 2"/+! !#+ '''+
#'2 6u(6 =an !' !// !! !.!+&-
2'.#& !'!$! $./!!+$
2 #%% ///+!
#' )emicon !"# !%/ !" .!&-
!!.!& !2%/' $.$'#$#"/
% 2!!! 2#%+$$'
#2+Mon,oliaDe8elopmen*)esources
$/ %%% # #.%/&-
2#.!&!$2# ".'
'+""#'
2+" '%"$$'
'!$ Sili(a* 2' 2' !# .& !#."& !"#$ ".' '2'+ !/% +"#2! =enco Tour 7ureau /% %" / .& -!.!& %$% #./ '!#/# !/" %/+/#!$ o*el Mon,olia %$ ! $% -.#/& -#.& %$ #.$ !//+/ !! !"#
Source: MSE, Ban# of Mongolia, Eurasia Capital
Selected Non#MSE T"#$% Mem,er 3eading Market Cap Companies '+ecem,er -%.$%/$%/2*
Code
Name
rice erformance Market Cap+aily Turnover
'1$Wk 4vg*
/Wkturnover
'MNT*
Close1$Wk)ig)
1$ Wklow
w#o#w y#t#dMNTm
n8S?mn
MNT 8S?
+%2 7er(6 9ul +2%% "$ 2$$ -+.+$&-
2/.$& /!%+/ +/.+ !$2'+% !2 !$#$/
$! Dar(6an 5e(6ii!!%'
!2
#+# -.#/& '.$& !'!// $./#2$#+'
% '!!+ 2"$"%+!%! Eermel 2$%% ' 2!# .& .& %$'% #.$ 2!!$# !2# -
www.eurasiac.com !
http://www.eurasiac.com/http://www.eurasiac.com/7/24/2019 ECMGL Weekly Dec 30-Jan 3 - Copy
11/14
Mongolia Weekly '+ecem,er -%. $%/-#0anuary 1. $%/2*4anuary " @MondayB
2/ Ma(6 Impex 2#'' 2$ !" #.%/& !."& %"2$ #.$ !/+!+ !% !%'$"/#+"! 0duunc6uluun 2' '#" !+# +.##& !.%& $2+/ +.' /2/"$ +/% 2+#+!
Source: MSE, Ban# of Mongolia, Eurasia Capital
www.eurasiac.com !!
http://www.eurasiac.com/http://www.eurasiac.com/7/24/2019 ECMGL Weekly Dec 30-Jan 3 - Copy
12/14
Mongolia Weekly '+ecem,er -%. $%/-#0anuary 1. $%/2*4anuary " @MondayB
erformance of MSE Stocks Traded '+ecem,er -%.$%/- # 0anuary -. $%/2*
Code
Name
rice erformance Market Cap+aily Turnover
'1$Wk 4vg*
Close1$ Wk)ig)
1$ Wklow
w#o#w y#t#d MNTmn8S?m
nMNT 8S?
% 0P9 +! +'%# '2' .& ./& '+#/ !$%./ !/%'$"/$% !!!$+#/ Ta8an Tol,oi #$! %2$# !%2 2.//& -'!.2& '$!/ !$$.# +!"2+ 2++" S6i8ee O8oo $/ ! +# !!.+'& -2'.& !+""% "!./ "#%/ '
'%" 7a,anuur +" ## '$ +.#2& -!!.%& %"+/2 #$. !!!#++" "+%2 7er(6 9ul +2%% "$ 2$$ -+.+$& -2/.$& /!%+/ +/.+ !$2'+% !'% S6aryn =ol $$ !2# $!! .& -!2.#& $/$/2 +".# 2%+2"/" !$'#+ =o?i #/ #/ '/+ "./!& 22.%& +#2+$ 2".$ /+/2% #2% Mon,olian Telecom !'# 2!/ %+' -'."+& -%.%& '+%2# 2." '%$#+! 2' 97 o*el %'+ !% / -!.2& .& '!!%" !/.+ 2'+!/#$% !'/#22 7DSec 2+ +!' 2!# .& -''./& 2"+ !#." 2!2/%#" !2!' 7ayan,ol o*el #% #%/ '$ -!.'+& !'.#& 2+%"! !+.$ "#!++ '
+/+S*a*e Depar*men*S*ore #+! #"+ '$ !.%%& ++.#& !%%2' !!./ +$'" 2
'$% Ma*erial Impex !+! !# ## -."+& !$%.2& !%!"% !!.' #$"$! '22 Tal(6 C6i(6er !++ !+%# 22%' '.%$& +.& !+$+! /.$ !2$$$+ $+++ Mo,oin =ol !""$ !""$ !!# #."+& 2!.+& !'/' /.2 2"/+! !$! Dar(6an 5e(6ii !!%' !2 #+# -.#/& '.$& !'!// $./ #2$#+'% '!#'2 6u(6 =an !' !// !! !.!+& -2'.#& !'!$! $./ !!+$2 ##' )emicon !"# !%/ !" .!& -!!.!& !2%/' $.$ '#$#"/% 2!
#2/ ermes !"# !% ! .%"& "!.+& !2%2# $." !+""#/ /#2+
Mon,olia De8elopmen*)esources
$/ %%% # #.%/& -2#.!& !$2# ".' '+""#' 2
'!$ Sili(a* 2' 2' !# .& !#."& !"#$ ".' '2'+ !#2! =enco Tour 7ureau /% %" / .& -!.!& %$% #./ '!#/# !#!$ o*el Mon,olia %$ ! $% -.#/& -#.& %$ #.$ !//+/2/ Ma(6 Impex 2#'' 2$ !" #.%/& !."& %"2$ #.$ !/+!+ !+"! 0duunc6uluun 2' '#" !+# +.##& !.%& $2+/ +.' /2/"$ +2'+ =an 6ii*s !$ !$ "% ".2#& .& +!22 2.+ 2''"2!$ Tee8er Dar(6an 2# 2/# 2'# ".'/& ".+& +/+ 2.+ 2''2#% !2 Mon,ol Sa8(6i !'+2 !" ! +.'& .& ''22 2. $/%%+#2# 7Oil '+ / !"# .& !.& '!+ !.% 22%+/"2 !'% Mon,ol 5e(6mel "2 $22# '#2 !+./!& .& 2%+ !.$ !+$"2 "#'! 5aco Tuls6 2% 2"" !/ .2+& !'.& 2"'$ !." #%$$$ '"% 7u(6u, #2# #2# 2/$# !+.%%& !#.& 22%/ !.+ !$'$%2"+ 7is6rel* Indus*rial ' '$% !'%# .& .& 2!2 !.2 !"!%"! "+#% I(6 7aril,a # "# +# .& !."& !%/# !.2 "#2!
'/ Dar(6an 6uns # #2 !# -'./#& 2+".$& !//% !.! "/#%%$ Sor !" 22 !" .& .& !+2" ./ +%$#!#2$ Olloo !'/ !# ! -!.+& -+./& !''% ./ +$$$2! 2'$/ 6asu Mandal 2"+# !'2 !'# .+& %#.%& /2# .# 2'#$/'$ Solon,o Express '#+# +2 !/ 22.2+& $.+& ### .' '%//
+'/ 7ayan 0ldar !# 2+ '##-
!!.$"& -'$.#& '+ .2 2'2/+# !2#+ Dar(6an 6u8un '%"# # 2/ !+.%'& !+.%& 2!% .! !#%2%$
'$2 6an,al !!# !#" !!#-
!#.& -!".$& 2!+ .! '//#2/% 5oeo* 6air(6an !$ ''' !# ".2#& ".'& !' .! !"+#"
Source: MSE, Ban# of Mongolia, Eurasia Capital
www.eurasiac.com !2
http://www.eurasiac.com/http://www.eurasiac.com/7/24/2019 ECMGL Weekly Dec 30-Jan 3 - Copy
13/14
Mongolia Weekly '+ecem,er -%. $%/-#0anuary 1. $%/2*4anuary " @MondayB
Silk =oad Mongolia Inde&F Companies erformance'+ecem,er -%.$%/- # 0anuary -. $%/2*
Name Sym,olCurrency
Closerice
MktCap rice erformance
+ailyTurnov
rMultip
e
8S?mn1$ wk)ig)
1$ wklow
w#o#wy#t#d
>+G-M
MO5=O:I0 E5E)=Y CO)P :TD 2$"N D .2'# 2+.$# .#' .2! -!."$& -'.2% .2+5O)T 0SI0 )ESO9)CESO:DI5= "!N D .!$" "#.$# .'$# .!'2 .#$& -'.' .2SO:0)TEC I5TE)50TIO50:O:D !!""N D .'% !#./+ .$! .'' #.+!& #.+! !.'SO9T=O7I )ESO9)CES :TD !/$/N D "." !#%.+2 22.' ".# -%.#%& -+.$ !.2PE0CE M0P O:DI5= :TD 2%#'N D .2" !%'./$ .+/ .!$ -!!./"& -!.'+ .+2MO5=O:I05 MI5I5= CO)P %$#N D !.! +/2.#" +."% .%/ .& -!.%+ .2!QI5SQ0Y COI5= CO0:O:DI5=S !$''N D .+" 22'./2 !.+% .+ -2.!'& -".!2 .'20P9 4SC 0P9NMO M5T +! !/!.+' ++% '2' 2.#& .$" .!T0F05TO:=OI 4SC TT:NMO M5T #$! !$%.!' ! !/"! $.%+& -#.$ .270=0599) 4SC 705NMO M5T +" #$.+$ ## '$ -+.!$& -!./ +.'SIFEE OFOO 4SC SFNMO M5T $/ "2.'# /$% +# !!.+'& !.' .Mon,olian Telecom MCNMO M5T !'# 2./ 2% %2 -'."+& -%.%+ .!S0)Y5 =O: 4SC S=NMO M5T $$ +".%' !2# "# 2."$& . .'%7E) 99: 4SC 7E9NMO M5T +2%% +/./! "$ 2$ -+.+$& -+.2# .!
T9)9OISE I:: )ESO9)CES:TD IF5N9S 9SD '." "!#$./ $.++#" 2.%#2$ -#./#& -$.2$ !.%'0SPI)E MI5I5= :TD 0MN09 09D .#/ '+.2% .!/ .'' -$.%+& '.#$ .PET)O M0T0D :TD M0TDN:5 =7p '.# !"." ".# 2."2# !"."$& -"."$ !.$!CE5TE))0 =O:D I5C C=NC5 C0D +.$% !"$.2 !.+' 2./2 !+.#%& !.// .%$E0ST 0SI0 MI5E)0:S CO)P E0SNC5 C0D .+ +.!" .'" .' !+.2%& . .'2E5T)EE =O:D I5C ET=NC5 C0D .'' +#."+ ."2 .2+# -!.+%& ".+# !.+"P)OPECY CO0: CO)P PCYNC5 C0D ./ !/.$' .!/# ." -!!.!!& . 2.'+O)I=O P0)T5E)S P:C OPPN:5 =7p $.'$# +'.2! !+.2# ".!2# .& . .CE5T)0: 0SI0 MET0:S P:C C0M:N:5 =7p !#2 2!!./# !"# !+ +./'& $./ .!$0)05=0 )ESO9)CES :TD 0)N09 09D ."2 !'.+" .2 .# .& . .2L050D9 MI5ES :TD L0MN09 09D .$ !2.#' .!# .'2 .& +. .$$E)DE5E )ESO9)CEDEFE:OPME5T E)DNC5 C0D .!+ %.# .2$ ."# $."%& . .2+FOY0=E) )ESO9)CES :TD FO)N09 09D .+ #.+% .'+ .+ -2.& . !."'I5CO)0 COPPE) :TD CCNC5 C0D .2# +.// .!! .! 2#.& . .'2
MO5=O:I0 =)OQT =)O9P:TD Y0NC5 C0D 2.2$ $'.22 +.# !.$! -2.#/& . .'2MOD95 )ESO9)CES :TD MO9N09 09D .+ '.2% .!$ .+ -2.& . .2$=9I:D3O)D CO0: :TD =93N09 09D .%/ #$."# .#/# .$! !%.#!& !/.$ .23EO)E :TD 3EON09 09D .+! !%.+/ .$ .2# .& . .
Source: Bloom(erg, Eurasia Capital
www.eurasiac.com !'
http://www.eurasiac.com/http://www.eurasiac.com/7/24/2019 ECMGL Weekly Dec 30-Jan 3 - Copy
14/14
Mongolia Weekly '+ecem,er -%. $%/-#0anuary 1. $%/2*4anuary " @MondayB
CONTACTS
=esearc)H
9l>ii?ayar 7a*?uyan I7 0ssocia*e ul>ii?ayar.?a*?uyaneurasiac.com
0m,alan?ile, 6as6-Erdene
0nalys* am,alan?ile,.(6as6erdeneeurasiac.com
Mun(6-Erdene
Da8aasuren
0nalys* mun(6erdene.da8aasureneurasiac.com
Sales and TradingH5aran*sa*sral 7a*,erel 7ro(er naran*sa*sral.?a*,ereleurasiac.com7uyan*o,*o(6Mya,mar*seren
7ro(er ?uyan*o,*o(6.mya,mar*sereneurasiac.com
4ddressH
MO5=O:I0Sui*e '!+ )e,encyOlympic s*ree*-!"
9laan?aa*ar Mon,oliaTel.