Daily Report 2016-06-13

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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 4/30/2016 2.1 -77.17 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 1,972.00 0.46 0.46 1.95 CNY/MNT 300.03 0.34 0.34 2.54 RUB/MNT 30.17 0.35 0.35 1.77 EUR/MNT 2,215.98 0.45 0.45 2.54 JPY/MNT 18.55 -0.32 -0.32 -0.29 EUR/USD 1.1237 -0.12 -0.12 -0.64 USD/JPY 106.28 0.65 0.65 2.21 Debt Markets Bonds - Coupon Amt. issued mln USD Last Yield Maturity date DBM bond - 5.75 580 98.50 7.785 3/21/2017 DBM bond - 1.52 samurai 282 104.28 0.904 12/25/2023 Mongol 2018 - 4.125 500 96.31 6.457 1/5/2018 Mongol 2022 - 5.125 1,000 80.54 9.074 12/5/2022 Mongol 2018 - 7.5 dim sum 152 91.54 12.020 6/30/2018 Mongol 2021- 10.875 500 103.86 9.739 4/6/2021 TDBM 2017 - 10 dim sum 107 99.99 9.477 1/21/2017 TDBM bond - 9.375 500 96.15 10.594 5/19/2020 MMC bond - 8.875 600 22.75 327.243 3/29/2017 World Indices Δ%DoD ΔYTD% MSE - TOP 20 MN 11,089.30 0.00 -14.02 DJIA US 17,865.34 -0.67 2.53 S&P 500 US 2,096.07 -0.92 2.55 S&P/TSX comp US 14,037.54 -1.42 7.90 FTSE 100 UK 6,115.76 -1.86 -2.03 S&P/ASX 200 AUS 5,312.60 -0.92 0.32 Hang Seng CN 21,042.64 -1.20 -3.98 MICEX/ Moscow Index 50 RUS 1,903.61 -1.62 8.08 Shanghai Composite Index RUS 2,927.16 -0.30 -17.29 Bloomberg/Asia Pacific. World ASIA 168.70 -1.10 -7.39 Commodity Prices Δ%DoD ΔYTD% Copper Spot /LME 4,496.00 -0.10 -4.46 Oil 48.47 -1.22 30.86 Gold Spot /LME 1,273.95 -0.02 20.06 Silver Spot /LME 17.15 -1.02 23.88 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 USD Performance Daily Report 6/13/2016 Index Country Last Performance News Rio Tinto eyeing $US6 billion copper deal in Mongolia Rio Tinto has sounded out potential partners for a $US6 billion-plus tilt at privatising its mammoth copper project in southern Mongolia. According to a report in the Sunday Times in London, investment bankers at Goldman Sachs working for Rio Tinto have had discussions with potential co-investors in the New York-listed Turquoise Hill Resources. Rio already owns 51% of Turquoise Hill and is believed to be interested in privatising the business with the assistance of a partner. Rio and any partner would need to spend more than $US3 billion ($4.07 billion) to buy out the minority shareholders. Bloomberg Asia-Europe finance ministers, international organizations met in Ulaanbaatar The 12th biennial Asia-Europe Finance Ministers’ Meeting (ASEM FiNMM12) was held on June 9-10 in Ulaanbaatar, Mongolia, for ASEM member nations to discuss three part agenda on macroeconomic developments, financial stability and increased connectivity. At the end of Asia Europe Finance Ministers’ meeting, member nations adopted a communiqué in accordance with the discussed agenda and the closed the meeting with Mongolia announcing Bulgaria as the next host country for 13th Asia Europe Finance Ministers’ Meeting. http://mongolia.gogo.mn/r/153396 MSE suspends APU JSC and Suu JSC trading In accordance with 10-for-1 stock split of APU JSC and 1,000-for-1 stock split of Suu JSC, Mongolian Stock Exchange temporarily suspended trading of these two companies. Financial Regulatory Commission will set the resumption date. Mongolian Stock Exchange MSE: Weekly trading report During the week of June 6th- 10th, total trade volume of Mongolian Stock Exchange reached MNT132,403,436.20 and average daily volume reached MNT26.5 million. 32,141 shares of 27 companies worth MNT121,897,153.20 were traded. 20 units of government bond worth MNT2,110,000 were traded in the secondary bond market. http://mse.mn/Newsmore/mn/event/3359 World news Symantec to Buy Cybersecurity Firm Blue Coat for $4.65 Billion Symantec Corp. is preparing to acquire Blue Coat Systems Inc. for $4.65 billion in cash, a deal that will beef up its cyberdefense technology and fill its vacant chief executive officer position. Blue Coat CEO Greg Clark will take the helm of the combined company and join its board after the deal closes in the third quarter, both companies said in a statement. The transaction should help Symantec realize another $150 million in annual net cost savings, on top of an expected $400 million yearly expense reduction it had previously announced, they said. http://www.bloomberg.com/news/articles/2016-06-13/symantec-to-buy- cybersecurity-firm-blue-coat-for-4-65-billion NEWS & UPDATES Coal/China Import Iron ore Coal/China Import from Mongolia Copper Gold Oil

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Transcript of Daily Report 2016-06-13

Page 1: Daily Report 2016-06-13

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 4/30/2016 2.1 -77.17

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 1,972.00 0.46 0.46 1.95

CNY/MNT 300.03 0.34 0.34 2.54

RUB/MNT 30.17 0.35 0.35 1.77

EUR/MNT 2,215.98 0.45 0.45 2.54

JPY/MNT 18.55 -0.32 -0.32 -0.29

EUR/USD 1.1237 -0.12 -0.12 -0.64

USD/JPY 106.28 0.65 0.65 2.21

Debt Markets

Bonds - Coupon

Amt.

issued mln

USD

Last YieldMaturity

date

DBM bond - 5.75 580 98.50 7.785 3/21/2017

DBM bond - 1.52 samurai 282 104.28 0.904 12/25/2023

Mongol 2018 - 4.125 500 96.31 6.457 1/5/2018

Mongol 2022 - 5.125 1,000 80.54 9.074 12/5/2022

Mongol 2018 - 7.5 dim sum 152 91.54 12.020 6/30/2018

Mongol 2021- 10.875 500 103.86 9.739 4/6/2021

TDBM 2017 - 10 dim sum 107 99.99 9.477 1/21/2017

TDBM bond - 9.375 500 96.15 10.594 5/19/2020

MMC bond - 8.875 600 22.75 327.243 3/29/2017

World Indices

Δ%DoD ΔYTD%MSE - TOP 20 MN 11,089.30 0.00 -14.02

DJIA US 17,865.34 -0.67 2.53

S&P 500 US 2,096.07 -0.92 2.55

S&P/TSX comp US 14,037.54 -1.42 7.90

FTSE 100 UK 6,115.76 -1.86 -2.03

S&P/ASX 200 AUS 5,312.60 -0.92 0.32

Hang Seng CN 21,042.64 -1.20 -3.98

MICEX/ Moscow Index 50 RUS 1,903.61 -1.62 8.08

Shanghai Composite Index RUS 2,927.16 -0.30 -17.29

Bloomberg/Asia Pacific. World ASIA 168.70 -1.10 -7.39

Commodity Prices

Δ%DoD ΔYTD%

Copper Spot /LME 4,496.00 -0.10 -4.46

Oil 48.47 -1.22 30.86

Gold Spot /LME 1,273.95 -0.02 20.06

Silver Spot /LME 17.15 -1.02 23.88

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 Report6/13/2016

Index Country LastPerformance

News Rio Tinto eyeing $US6 billion copper deal in Mongolia Rio Tinto has sounded out potential partners for a $US6 billion-plus tilt at privatising its mammoth copper project in southern Mongolia. According to a report in the Sunday Times in London, investment bankers at Goldman Sachs

working for Rio Tinto have had discussions with potential co-investors in the New York-listed Turquoise Hill Resources. Rio already owns 51% of Turquoise Hill and is believed to be interested in privatising the business with the assistance of a partner. Rio and any partner would need to spend more than $US3 billion ($4.07

billion) to buy out the minority shareholders. Bloomberg Asia-Europe finance ministers, international organizations met in Ulaanbaatar The 12th biennial Asia-Europe Finance Ministers’ Meeting (ASEM FiNMM12) was held on June 9-10 in Ulaanbaatar, Mongolia, for ASEM member nations to discuss three part agenda on macroeconomic developments, financial stability and increased connectivity. At the end of Asia Europe Finance Ministers’ meeting, member nations adopted a communiqué in accordance with the discussed agenda and the closed the meeting with Mongolia announcing Bulgaria as the next host country for 13th Asia Europe Finance Ministers’ Meeting. http://mongolia.gogo.mn/r/153396 MSE suspends APU JSC and Suu JSC trading In accordance with 10-for-1 stock split of APU JSC and 1,000-for-1 stock split of Suu JSC, Mongolian Stock Exchange temporarily suspended trading of these two companies. Financial Regulatory Commission will set the resumption date. Mongolian Stock Exchange

MSE: Weekly trading report During the week of June 6th- 10th, total trade volume of Mongolian Stock Exchange reached MNT132,403,436.20 and average daily volume reached MNT26.5 million. 32,141 shares of 27 companies worth MNT121,897,153.20 were

traded. 20 units of government bond worth MNT2,110,000 were traded in the secondary bond market. http://mse.mn/Newsmore/mn/event/3359

World news

Symantec to Buy Cybersecurity Firm Blue Coat for $4.65 Billion Symantec Corp. is preparing to acquire Blue Coat Systems Inc. for $4.65 billion in cash, a deal that will beef up its cyberdefense technology and fill its vacant chief executive officer position. Blue Coat CEO Greg Clark will take the helm of the

combined company and join its board after the deal closes in the third quarter, both companies said in a statement. The transaction should help Symantec realize another $150 million in annual net cost savings, on top of an expected $400 million yearly expense reduction it had previously announced, they said. http://www.bloomberg.com/news/articles/2016-06-13/symantec-to-buy-cybersecurity-firm-blue-coat-for-4-65-billion

NEWS & UPDATES

Coal/China Import

Iron ore

Coal/China Import from Mongolia

Copper

Gold

Oil

Page 2: Daily Report 2016-06-13

13 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 27.940 USD -2.82 -4.05 152,009,900 5,404,508 5,379,476 52,182.12 44.190 21.885 Metals & Mining

Banpu 12.100 THB 0.83 -0.20 33,731,678 98,612,900 42,357,300 1,328.60 20.080 10.911 Oil, Gas & Consumable Fuels

Turquoise Hill Resources 2.880 USD -2.37 13.39 4,942,751 1,699,474 2,918,271 5,795.47 4.190 1.550 Metals & Mining

Areva 3.951 EUR -1.40 -27.16 42,874 9,563 10,785 1,701.36 8.879 3.260 Electrical Equipment

Mongolian Mining Corporation 0.091 HKD 0.00 -48.00 50,449 4,289,500 7,251,700 108.58 0.520 0.026 Metals & Mining

Centerra Gold 6.840 CAD -2.15 3.79 9,132,270 1,323,394 1,611,024 1,655.34 8.670 5.510 Metals & Mining

SouthGobi Resources 1.380 HKD 0.00 -42.50 26,354 147,650 110,460 45.81 5.960 1.240 Oil, Gas & Consumable Fuels

Mongolia Energy Corporation 0.175 HKD 0.00 -1.13 16,055 712,250 205,000 40.28 0.550 0.107 Oil, Gas & Consumable Fuels

Denison Mines 0.565 USD -2.59 13.45 280,595 493,190 763,743 301.47 0.821 0.350 Oil, Gas & Consumable Fuels

Genie Energy 7.390 USD -0.81 -32.72 303,440 40,802 38,544 182.02 14.748 6.271 Electric Utilities

Central Asia Metals 146.500 GBp 1.38 -4.48 439,914 211,716 47,042 231.72 188.000 121.250 Metals & Mining

Entrée Gold 0.310 USD -3.09 31.43 5,405 17,272 54,073 47.31 0.400 0.170 Metals & Mining

Xanadu Mines 0.200 AUD 0.00 81.82 14,279 99,000 231,374 66.37 0.260 0.073 Metals & Mining

Guildford coal / Terra Energy 0.004 AUD 50.00 -14.29 19,391 5,043,488 6,791,804 10.61 0.042 0.002 Oil, Gas & Consumable Fuels

Khan Resources 0.656 USD 0.00 163.30 37,726 57,500 116,630 55.20 0.670 0.237 Oil, Gas & Consumable Fuels

Aspire Mining 0.008 AUD 0.00 0.00 6,750 1,166,994 415,899 5.47 0.026 0.005 Metals & Mining

Prophecy Coal 1.890 CAD 0.00 -46.00 3,679 2,522 26,079 5.44 7.500 1.000 Oil, Gas & Consumable Fuels

Petro Matad Ltd 3.050 GBp 0.83 -2.40 0 2,413,833 5,406,307 12.43 9.875 1.875 Oil, Gas & Consumable Fuels

Mongolia Growth Group Ltd 0.430 CAD -5.49 26.47 0 208 38,913 21.63 0.970 0.330 Real Estate Management

Erdene Resources Development 0.370 CAD 0.00 118.75 37,383 135,999 248,234 31.90 0.550 0.110 Metals & Mining

General Mining Corp Ltd 0.840 AUD -2.89 229.41 710,979 1,126,492 3,503,129 196.94 0.905 0.038 Metals & Mining

Kincora Copper 0.040 CAD 0.00 100.00 12,537 400,000 273,766 9.81 0.055 0.015 Metals & Mining

Haranga Resources 0.002 AUD 0.00 -50.00 59 40,000 208,000 0.57 0.019 0.002 Metals & Mining

Wolf Petroleum 0.007 AUD 0.00 0.00 - - - 0.00 0.020 0.004 Oil, Gas & Consumable Fuels

Viking Mines 0.022 AUD 0.00 25.00 405 27,500 78,800 3.29 0.022 0.008 Metals & Mining

Parmelia Resources 0.084 AUD 0.00 86.67 8,371 143,554 38,511 7.44 0.098 0.020 Metals & Mining

Altan Rio Minerals 0.015 CAD 0.00 50.00 820 70,000 14,000 1.04 0.030 0.010 Metals & Mining

Eumeralla Resources 0.026 AUD 0.00 16.87 3,008 157,000 - 1.90 0.037 0.019 Metals & Mining

Draig Resources 0.027 AUD 0.00 8.89 497 25,000 69,841 2.13 0.035 0.015 Metals & Mining

Source: Bloomberg

MONGOLIAN STOCK MARKET - MSE TOP 20 INDEX 10/06/2016

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 11,089 -0.66 -14.02 6/10/2016 4,778 3,354 9,758 350,647,091 15,862 10,485 MSE Top 20 Index

APU JSC 3,970 -1.00 1.90 6/10/2016 4,167 2,070 234 149,554,852 4,149 3,252 Beverages-Wine/Spirits

Arig Gal JSC 1,900 0.00 -19.15 6/2/2016 - - - 3,352,286 2,560 1,800 Wool

Baganuur JSC 2,400 0.00 -2.83 6/10/2016 6 5 9 25,526,604 3,310 1,350 Coal

Bayangol Hotel JSC 36,000 0.00 -21.88 5/31/2016 - - - 10,254,821 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 22 369 - 5,177,784 149 105 Retail-Misc/Diversified

Gobi JSC 8,000 -0.12 -5.66 6/10/2016 252 62 20 31,647,566 12,000 7,010 Apparel Manufacturers

Darkhan Nekhii JSC 15,720 0.00 -13.86 6/8/2016 - - - 10,370,873 24,040 15,100 Apparel Manufacturers

Jenco Tour Bureau 60 0.00 -20.00 6/8/2016 - - - 3,042,596 100 60 Travel Services

Makh Impex 2,288 0.00 -19.44 6/8/2016 - - - 6,167,499 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 -5.34 -52.54 6/10/2016 177 250 1 37,389,087 4,350 100 Coal

Talkh Chikher JSC 19,000 0.00 9.32 6/9/2016 - - 2 9,863,264 21,000 15,000 Food-Baking

UB-BUK JSC 25,700 0.00 -35.10 6/3/2016 - - - 20,012,297 40,200 25,000 Bldg Prod-Cement/Aggreg

State Department Store JSC 504 -3.45 -4.91 6/10/2016 153 598 - 9,407,280 885 480 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 5/23/2016 - - - 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 2,310 0.00 -34.43 6/8/2016 - - 87 15,719,129 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:

Guildford coal / Terra Energy 50.00 Appoints Cameron McRae, former CEO-President of Oyu Tolgoi, as Chairman

Central Asia Metals 1.38 Appoints Gavin Ferrar as Executive Director

Losers:

Mongolia Growth Group Ltd -5.49 No news

Tavan Tolgoi JSC -5.34 No news

Page 3: Daily Report 2016-06-13

313 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.

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