Daily Report 2016-06-20
3
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 1,953.00 0.12 0.12 2.30 CNY/MNT 296.13 0.41 0.41 3.07 RUB/MNT 30.10 0.42 0.42 -0.65 EUR/MNT 2,216.50 -0.41 -0.41 1.18 JPY/MNT 18.61 1.02 1.02 -2.54 EUR/USD 1.1378 0.90 0.90 1.37 USD/JPY 104.66 -0.48 -0.48 5.25 Debt Markets Bonds - Coupon Amt. issued mln USD Last Yield Maturity date DBM bond - 5.75 580 98.50 7.836 3/21/2017 DBM bond - 1.52 samurai 287 104.39 0.887 12/25/2023 Mongol 2018 - 4.125 500 95.96 6.601 1/5/2018 Mongol 2022 - 5.125 1,000 79.57 9.324 12/5/2022 Mongol 2018 - 7.5 dim sum 152 91.28 12.135 6/30/2018 Mongol 2021- 10.875 500 102.67 10.050 4/6/2021 TDBM 2017 - 10 dim sum 106 99.96 9.472 1/21/2017 TDBM bond - 9.375 500 95.63 10.771 5/19/2020 MMC bond - 8.875 600 22.75 340.366 3/29/2017 World Indices Δ%DoD ΔYTD% MSE - TOP 20 MN 11,556.72 4.59 -10.40 DJIA US 17,675.16 -0.33 1.44 S&P 500 US 2,071.22 -0.33 1.33 S&P/TSX comp US 13,901.77 0.14 6.85 FTSE 100 UK 6,021.09 1.19 -3.54 S&P/ASX 200 AUS 5,226.90 1.24 -1.30 Hang Seng CN 20,388.49 1.08 -6.96 MICEX/ Moscow Index 50 RUS 1,877.07 0.39 6.57 Shanghai Composite Index RUS 2,880.08 -0.17 -18.62 Bloomberg/Asia Pacific. World ASIA 167.55 0.96 -8.03 Commodity Prices Δ%DoD ΔYTD% Copper Spot /LME 4,541.50 0.29 -3.49 Oil 48.51 1.10 30.97 Gold Spot /LME 1,281.85 -1.29 20.80 Silver Spot /LME 17.33 -0.96 25.16 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 6/20/2016 Index Country Last Performance News Resumption of "SUU" JSC and "APU" JSC As per enforcement letter no. 48 and 49 dated June 20th, 2016, of the Financial Regulatory Commission, the Mongolia Stock Exchange resumed trading of "Suu" JSC and "APU" JSC. "Suu" JSC rose 12.34% to MNT162.9 and total volume reached 277,242 shares. "APU" JSC rose 11.73% to MNT443.57 and total of 42,608 shares were traded. http://mse.mn/Newsmore/en/event/3393 "Baganuur" JSC: Additional shares to offered at MNT2,650 "Baganuur" JSC (MSE:BAN) will be reducing state interest of 75% to 51% via issuing 9,870,287 additional shares at MNT2,650 per share for total of MNT26.16 billion. The proceeds will be used for technical renovation. http://www.marketinfo.mn/news/detail/787 Xanadu Mines: Successfully completes A$12.2 million placement Xanadu Mines Ltd (ASX: XAM) announced that it has received irrevocable commitments to subscribe for 60.83 million ordinary fully paid shares in the Company at A$0.20 per share to raise A$12.17 million. The funds raised from this Placement, together with existing cash reserves, will allow the Company to continue the momentum at the Kharmagtai copper-gold project and the new gold discovery at the Oyut Ulaan project. Xanadu Mines News Releases Rio Tinto Unit Leads Mining Stock Gains on Push for Gobi Riches The best bet among Americas mining stocks this week is the owner of a giant copper deposit in the Gobi Desert, a sign the industry is entering a new phase after years of cutbacks. Turquoise Hill Resources Ltd. surged as much as 30 percent since Monday, when reports emerged that its controlling shareholder Rio Tinto Group is looking into taking the Vancouver-based company private by increasing its stake and bringing in a partner. Goldman Sachs Group Inc. was hired to advise on the proposal, a person with knowledge of the matter said. Bloomberg World news Gold Sinks Most in Month as Tide May Be Turning in Brexit Debate Gold tumbled by the most in almost a month as a poll showed a tilt in favor of Britain remaining in the European Union just days before a historic vote, hurting demand for haven investments. Bullion for immediate delivery lost as much as 1.4 percent to $1,280.47 an ounce, the biggest intraday drop since May 24, and traded at $1,283.85 at 1:50 p.m. in Singapore. Gold has benefited in the past three weeks as concern Britain may opt to leave the EU in the June 23 poll combined with the Federal Reserve standing pat on U.S. interest rates to strengthen demand. Should voters in the U.K. opt for the status quo that would demolish one of the pillars that have supported bullion prices, which gained to the highest level in almost two years last week. http://www.bloomberg.com/news/articles/2016-06-20/gold-sinks-as-brexit-poll- favoring-remain-weakens-haven-appeal NEWS & UPDATES Coal/China Import Iron ore Coal/China Import from Mongolia Copper Gold Oil
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Transcript of Daily Report 2016-06-20
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 1,953.00 0.12 0.12 2.30
CNY/MNT 296.13 0.41 0.41 3.07
RUB/MNT 30.10 0.42 0.42 -0.65
EUR/MNT 2,216.50 -0.41 -0.41 1.18
JPY/MNT 18.61 1.02 1.02 -2.54
EUR/USD 1.1378 0.90 0.90 1.37
USD/JPY 104.66 -0.48 -0.48 5.25
Debt Markets
Bonds - Coupon
Amt.
issued mln
USD
Last YieldMaturity
date
DBM bond - 5.75 580 98.50 7.836 3/21/2017
DBM bond - 1.52 samurai 287 104.39 0.887 12/25/2023
Mongol 2018 - 4.125 500 95.96 6.601 1/5/2018
Mongol 2022 - 5.125 1,000 79.57 9.324 12/5/2022
Mongol 2018 - 7.5 dim sum 152 91.28 12.135 6/30/2018
Mongol 2021- 10.875 500 102.67 10.050 4/6/2021
TDBM 2017 - 10 dim sum 106 99.96 9.472 1/21/2017
TDBM bond - 9.375 500 95.63 10.771 5/19/2020
MMC bond - 8.875 600 22.75 340.366 3/29/2017
World Indices
Δ%DoD ΔYTD%MSE - TOP 20 MN 11,556.72 4.59 -10.40
DJIA US 17,675.16 -0.33 1.44
S&P 500 US 2,071.22 -0.33 1.33
S&P/TSX comp US 13,901.77 0.14 6.85
FTSE 100 UK 6,021.09 1.19 -3.54
S&P/ASX 200 AUS 5,226.90 1.24 -1.30
Hang Seng CN 20,388.49 1.08 -6.96
MICEX/ Moscow Index 50 RUS 1,877.07 0.39 6.57
Shanghai Composite Index RUS 2,880.08 -0.17 -18.62
Bloomberg/Asia Pacific. World ASIA 167.55 0.96 -8.03
Commodity Prices
Δ%DoD ΔYTD%
Copper Spot /LME 4,541.50 0.29 -3.49
Oil 48.51 1.10 30.97
Gold Spot /LME 1,281.85 -1.29 20.80
Silver Spot /LME 17.33 -0.96 25.16
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 Report6/20/2016
Index Country LastPerformance
News Resumption of "SUU" JSC and "APU" JSC As per enforcement letter no. 48 and 49 dated June 20th, 2016, of the Financial Regulatory Commission, the Mongolia Stock Exchange resumed trading of "Suu" JSC and "APU" JSC. "Suu" JSC rose 12.34% to MNT162.9 and total volume
reached 277,242 shares. "APU" JSC rose 11.73% to MNT443.57 and total of 42,608 shares were traded. http://mse.mn/Newsmore/en/event/3393
"Baganuur" JSC: Additional shares to offered at MNT2,650 "Baganuur" JSC (MSE:BAN) will be reducing state interest of 75% to 51% via issuing 9,870,287 additional shares at MNT2,650 per share for total of MNT26.16 billion. The proceeds will be used for technical renovation. http://www.marketinfo.mn/news/detail/787 Xanadu Mines: Successfully completes A$12.2 million placement Xanadu Mines Ltd (ASX: XAM) announced that it has received irrevocable commitments to subscribe for 60.83 million ordinary fully paid shares in the Company at A$0.20 per share to raise A$12.17 million. The funds raised from this Placement, together with existing cash reserves, will allow the Company to continue the momentum at the Kharmagtai copper-gold project and the new gold discovery at the Oyut Ulaan project. Xanadu Mines News Releases Rio Tinto Unit Leads Mining Stock Gains on Push for Gobi Riches The best bet among Americas mining stocks this week is the owner of a giant copper deposit in the Gobi Desert, a sign the industry is entering a new phase after years of cutbacks. Turquoise Hill Resources Ltd. surged as much as 30 percent since Monday, when reports emerged that its controlling shareholder Rio
Tinto Group is looking into taking the Vancouver-based company private by increasing its stake and bringing in a partner. Goldman Sachs Group Inc. was hired to advise on the proposal, a person with knowledge of the matter said.
Bloomberg World news
Gold Sinks Most in Month as Tide May Be Turning in Brexit Debate Gold tumbled by the most in almost a month as a poll showed a tilt in favor of Britain remaining in the European Union just days before a historic vote, hurting
demand for haven investments. Bullion for immediate delivery lost as much as 1.4 percent to $1,280.47 an ounce, the biggest intraday drop since May 24, and traded at $1,283.85 at 1:50 p.m. in Singapore. Gold has benefited in the past three weeks as concern Britain may opt to leave the EU in the June 23 poll
combined with the Federal Reserve standing pat on U.S. interest rates to strengthen demand. Should voters in the U.K. opt for the status quo that would demolish one of the pillars that have supported bullion prices, which gained to the highest level in almost two years last week. http://www.bloomberg.com/news/articles/2016-06-20/gold-sinks-as-brexit-poll-favoring-remain-weakens-haven-appeal
NEWS & UPDATES
Coal/China Import
Iron ore
Coal/China Import from Mongolia
Copper
Gold
Oil
20 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 29.190 USD 2.60 0.24 127,440,600 4,380,803 4,819,748 54,128.53 44.190 21.885 Metals & Mining
Banpu 13.300 THB 3.10 9.70 57,987,248 153,811,400 66,185,140 1,462.89 19.891 10.911 Oil, Gas & Consumable Fuels
Turquoise Hill Resources 3.310 USD 0.91 30.31 16,308,780 4,909,902 7,045,065 6,660.76 4.040 1.550 Metals & Mining
Areva 3.780 EUR 2.16 -30.31 31,341 7,323 17,113 1,648.10 8.879 3.260 Electrical Equipment
Mongolian Mining Corporation 0.083 HKD 0.00 -52.57 19,021 1,720,500 3,105,272 99.08 0.460 0.026 Metals & Mining
Centerra Gold 7.010 CAD 4.63 6.37 126,770,100 18,119,628 2,256,107 1,696.49 8.670 5.510 Metals & Mining
SouthGobi Resources 1.430 HKD 0.70 -40.42 751 4,100 66,130 47.49 5.900 1.240 Oil, Gas & Consumable Fuels
Mongolia Energy Corporation 0.172 HKD -2.33 -5.08 21,686 999,000 1,747,136 38.68 0.495 0.107 Oil, Gas & Consumable Fuels
Denison Mines 0.570 USD 3.64 14.46 79,575 141,599 340,592 304.13 0.799 0.350 Oil, Gas & Consumable Fuels
Genie Energy 7.080 USD -1.53 -35.55 694,707 97,861 59,759 174.38 14.748 6.271 Electric Utilities
Central Asia Metals 141.000 GBp -4.41 -8.07 2,206,087 1,069,368 167,595 229.50 186.500 121.250 Metals & Mining
Entrée Gold 0.307 USD -0.90 30.24 123,691 411,015 412,652 46.88 0.400 0.170 Metals & Mining
Xanadu Mines 0.230 AUD 4.55 109.09 1,429 8,590 28,072 77.12 0.260 0.073 Metals & Mining
Guildford coal / Terra Energy 0.005 AUD 0.00 -28.57 1,117 300,000 1,999,590 8.94 0.042 0.002 Oil, Gas & Consumable Fuels
Khan Resources 0.650 USD -0.87 160.85 65,658 101,000 10,200 54.69 0.670 0.237 Oil, Gas & Consumable Fuels
Aspire Mining 0.006 AUD 16.67 -12.50 3,354 643,669 431,668 4.84 0.022 0.005 Metals & Mining
Prophecy Coal 1.770 CAD -6.84 -49.43 22,777 15,813 14,313 5.08 7.500 1.000 Oil, Gas & Consumable Fuels
Petro Matad Ltd 2.700 GBp 0.00 -13.60 0 559,274 1,344,002 11.33 9.875 1.875 Oil, Gas & Consumable Fuels
Mongolia Growth Group Ltd 0.440 CAD 3.53 29.41 0 1,000 8,001 22.78 0.940 0.330 Real Estate Management
Erdene Resources Development 0.350 CAD -2.86 112.50 6,786 25,228 119,460 30.91 0.550 0.110 Metals & Mining
General Mining Corp Ltd 0.748 AUD 0.34 193.14 1,118,156 2,008,209 1,031,688 177.08 0.905 0.039 Metals & Mining
Kincora Copper 0.040 CAD 0.00 100.00 187 5,992 371,660 9.79 0.055 0.015 Metals & Mining
Haranga Resources 0.002 AUD 0.00 -50.00 134 90,000 - 0.58 0.018 0.002 Metals & Mining
Wolf Petroleum 0.015 AUD -37.50 0.00 11,916 1,043,378 1,583,328 0.00 0.036 0.004 Oil, Gas & Consumable Fuels
Viking Mines 0.020 AUD 5.00 31.25 313 20,000 25,500 3.29 0.022 0.008 Metals & Mining
Parmelia Resources 0.085 AUD -5.88 77.78 8,146 134,725 222,750 7.16 0.098 0.020 Metals & Mining
Altan Rio Minerals 0.015 CAD 0.00 50.00 818 70,000 - 1.04 0.030 0.010 Metals & Mining
Eumeralla Resources 0.026 AUD 0.00 16.87 736 38,000 10,267 1.92 0.037 0.019 Metals & Mining
Draig Resources 0.026 AUD 0.00 4.86 24 1,227 73,005 2.07 0.035 0.015 Metals & Mining
Source: Bloomberg
MONGOLIAN STOCK MARKET - MSE TOP 20 INDEX 17/06/2016
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 11,050 6.26 -10.40 6/17/2016 3,952 7,758 2,776 353,942,012 15,862 10,485 MSE Top 20 Index
APU JSC 3,970 0.00 -88.60 6/10/2016 - - - 16,888,755 4,149 410 Beverages-Wine/Spirits
Arig Gal JSC 1,800 0.00 -19.15 6/13/2016 - - 13 3,384,899 2,560 1,800 Wool
Baganuur JSC 2,400 0.00 5.26 6/13/2016 - - 18 27,922,855 3,300 1,350 Coal
Bayangol Hotel JSC 36,000 0.00 -21.88 5/31/2016 - - - 10,354,586 49,800 36,000 Hotels&Motels
BDSec JSC 1,595 13.93 -20.06 6/17/2016 874 1,070 - - 2,000 1,300 Finance-Invest Bnkr/Brkr
Hermes Center JSC 125 4.17 4.88 6/17/2016 352 5,505 70 5,228,157 149 105 Retail-Misc/Diversified
Gobi JSC 8,000 5.82 -5.66 6/17/2016 655 160 1,039 31,955,453 11,000 7,010 Apparel Manufacturers
Darkhan Nekhii JSC 15,300 0.00 -18.85 6/17/2016 345 44 157 10,471,767 24,040 14,510 Apparel Manufacturers
Jenco Tour Bureau 61 0.00 -18.67 6/14/2016 - - 2 3,123,400 100 60 Travel Services
Makh Impex 2,278 0.00 -12.61 6/15/2016 - - 35 6,227,500 3,560 2,202 Food-Meat Products
Merex JSC 70 0.00 -5.41 5/16/2016 - - - - 88 68 Bldg Prod-Cement/Aggreg
Tavan Tolgoi JSC 1,395 0.29 -52.71 6/17/2016 118 165 39 37,618,000 3,950 100 Coal
Talkh Chikher JSC 18,550 -2.37 9.32 6/17/2016 864 91 173 9,959,220 21,000 15,000 Food-Baking
UB-BUK JSC 25,700 0.00 -35.10 6/3/2016 - - - 20,206,989 40,000 25,000 Bldg Prod-Cement/Aggreg
State Department Store JSC 505 0.80 -1.89 6/17/2016 39 149 123 9,800,349 885 480 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 2,400 3.18 -31.88 6/17/2016 705 574 335 16,490,447 5,500 2,190 Coal
E- Trans Logistics JSC 99 0.00 -13.91 6/16/2016 - - - - 120 86 Transport-Services
Source: Bloomberg
Gainers: % Latest News:
Aspire Mining 16.67 No news
BDSec JSC 13.93 No news
Losers:
Wolf Petroleum -37.50 China Sam Enterprise invest A$3.2 million in the company
Prophecy Coal -6.84 Commences Paca exploration
320 June 2016
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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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