Daily Report 2016-06-21

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 1,949.00 -0.05 0.32 2.39 CNY/MNT 296.43 -0.15 0.31 2.71 RUB/MNT 30.40 -0.33 -0.57 -2.49 EUR/MNT 2,209.83 -0.31 -0.11 1.32 JPY/MNT 18.72 0.09 0.45 -2.41 EUR/USD 1.1339 0.22 0.55 1.06 USD/JPY 104.12 -0.17 0.04 4.92 Debt Markets Bonds - Coupon Amt. issued mln USD Last Yield Maturity date DBM bond - 5.75 580 99.50 6.433 3/21/2017 DBM bond - 1.52 samurai 288 104.27 0.903 12/25/2023 Mongol 2018 - 4.125 500 96.02 6.550 1/5/2018 Mongol 2022 - 5.125 1,000 79.83 9.247 12/5/2022 Mongol 2018 - 7.5 dim sum 152 91.38 12.149 6/30/2018 Mongol 2021- 10.875 500 103.03 9.954 4/6/2021 TDBM 2017 - 10 dim sum 106 99.99 9.378 1/21/2017 TDBM bond - 9.375 500 96.00 10.648 5/19/2020 MMC bond - 8.875 600 22.75 342.322 3/29/2017 World Indices Δ%DoD ΔYTD% MSE - TOP 20 MN 11,845.50 3.28 -8.16 DJIA US 17,804.87 0.73 2.18 S&P 500 US 2,083.25 0.58 1.92 S&P/TSX comp US 14,015.14 0.82 7.73 FTSE 100 UK 6,204.00 3.04 -0.61 S&P/ASX 200 AUS 5,286.50 0.57 -0.18 Hang Seng CN 20,597.91 0.43 -6.01 MICEX/ Moscow Index 50 RUS 1,902.70 1.37 8.02 Shanghai Composite Index RUS 2,899.15 0.36 -18.08 Bloomberg/Asia Pacific. World ASIA 169.19 0.74 -7.13 Commodity Prices Δ%DoD ΔYTD% Copper Spot /LME 4,633.25 2.02 -1.54 Oil 49.12 -0.51 32.61 Gold Spot /LME 1,288.53 -0.11 21.43 Silver Spot /LME 17.52 0.14 26.53 USD Δ%MoM ΔYTD% Iron Ore 58%/Tianjin 54.85 -7.94 38.51 Prime Coking Coal/China Import 64.00 1.59 3.23 Prime Coking Coal China Import from Mongolia price 36.00 12.50 2.86 Source: Bloomberg Finance L.P. Commodity USD Performance Daily Report 6/21/2016 Index Country Last Performance News Draft investment agreement on TT Power Plant finalized On Monday, cabinet considered the draft Investment Agreement of the Tavantolgoi Power Plant, which was prepared by the working group headed by Minister M.Enkhsaikhan. The cabinet assigned corresponding officials to prepare signing of this agreement with the selected investor, Marubeni Corporation of Japan. Marubeni has been selected as the key investor in the project that requires total of USD 1 billion investment, 30% of which will be provided in a form of the direct investment from the key investor and 70% is to be raised from international banks and financial institutions. http://en.montsame.mn/politics/draft-investment-agreement-tt-power-plant- finalized "Euroasia Capital Holding" JSC starts taking additional shares orders "Euroasia Capital Holding" JSC /MSE:SUN/ is issuing 50,000,000 additional shares for MNT100 per share to raise MNT5 billion to enhance operational efficiency and implement Employee stock ownership plan (ESOP). Orders are received for two months until August 16th, 2016. http://www.marketinfo.mn/news/detail/790 Southgobi hasn't repaid deferred interest obligations to CIC SouthGobi Resources Ltd. (TSX: SGQ)(HKSE: 1878) announced the company has not repaid the deferred outstanding interest obligations and associated costs of US$18.7 million payable on June 17, 2016, to CIC nor reached a repayment plan for the payment of such amounts. The Company is in discussion with CIC for a repayment plan. Bloomberg FRC issues special licenses On June 10th, 2016, the Financial Regulatory Commission of Mongolia issued asset management license to "Mongolia Wealth Management" LLC and legal advisory license to "Tsogt and Nandin" LLP. http://www.marketinfo.mn/ World news Remain 53 percent, Leave 46 percent: ORB poll on UK's EU referendum Support for Britain remaining in the European Union stood at 53 percent with support for quitting the bloc at 46 percent, according to a poll by ORB for the Daily Telegraph newspaper. The newspaper said this represented an eight-point net reversal from last week, when Leave held a one-point lead among definite voters with 49 per cent to "Remain’s 48 per cent. http://www.reuters.com/article/us-britain-eu-poll-orb-idUSKCN0Z62FH NEWS & UPDATES Coal/China Import Iron ore Coal/China Import from Mongolia Copper Gold Oil

description

daily

Transcript of Daily Report 2016-06-21

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 1,949.00 -0.05 0.32 2.39

CNY/MNT 296.43 -0.15 0.31 2.71

RUB/MNT 30.40 -0.33 -0.57 -2.49

EUR/MNT 2,209.83 -0.31 -0.11 1.32

JPY/MNT 18.72 0.09 0.45 -2.41

EUR/USD 1.1339 0.22 0.55 1.06

USD/JPY 104.12 -0.17 0.04 4.92

Debt Markets

Bonds - Coupon

Amt.

issued mln

USD

Last YieldMaturity

date

DBM bond - 5.75 580 99.50 6.433 3/21/2017

DBM bond - 1.52 samurai 288 104.27 0.903 12/25/2023

Mongol 2018 - 4.125 500 96.02 6.550 1/5/2018

Mongol 2022 - 5.125 1,000 79.83 9.247 12/5/2022

Mongol 2018 - 7.5 dim sum 152 91.38 12.149 6/30/2018

Mongol 2021- 10.875 500 103.03 9.954 4/6/2021

TDBM 2017 - 10 dim sum 106 99.99 9.378 1/21/2017

TDBM bond - 9.375 500 96.00 10.648 5/19/2020

MMC bond - 8.875 600 22.75 342.322 3/29/2017

World Indices

Δ%DoD ΔYTD%MSE - TOP 20 MN 11,845.50 3.28 -8.16

DJIA US 17,804.87 0.73 2.18

S&P 500 US 2,083.25 0.58 1.92

S&P/TSX comp US 14,015.14 0.82 7.73

FTSE 100 UK 6,204.00 3.04 -0.61

S&P/ASX 200 AUS 5,286.50 0.57 -0.18

Hang Seng CN 20,597.91 0.43 -6.01

MICEX/ Moscow Index 50 RUS 1,902.70 1.37 8.02

Shanghai Composite Index RUS 2,899.15 0.36 -18.08

Bloomberg/Asia Pacific. World ASIA 169.19 0.74 -7.13

Commodity Prices

Δ%DoD ΔYTD%

Copper Spot /LME 4,633.25 2.02 -1.54

Oil 49.12 -0.51 32.61

Gold Spot /LME 1,288.53 -0.11 21.43

Silver Spot /LME 17.52 0.14 26.53

USD Δ%MoM ΔYTD%

Iron Ore 58%/Tianjin 54.85 -7.94 38.51

Prime Coking Coal/China Import 64.00 1.59 3.23

Prime Coking Coal China Import

from Mongolia price 36.00 12.50 2.86

Source: Bloomberg Finance L.P.

Commodity USDPerformance

Daily Report6/21/2016

Index Country LastPerformance

News Draft investment agreement on TT Power Plant finalized On Monday, cabinet considered the draft Investment Agreement of the Tavantolgoi Power Plant, which was prepared by the working group headed by Minister M.Enkhsaikhan. The cabinet assigned corresponding officials to prepare

signing of this agreement with the selected investor, Marubeni Corporation of Japan. Marubeni has been selected as the key investor in the project that requires total of USD 1 billion investment, 30% of which will be provided in a form of the direct investment from the key investor and 70% is to be raised from

international banks and financial institutions. http://en.montsame.mn/politics/draft-investment-agreement-tt-power-plant-finalized "Euroasia Capital Holding" JSC starts taking additional shares orders "Euroasia Capital Holding" JSC /MSE:SUN/ is issuing 50,000,000 additional shares for MNT100 per share to raise MNT5 billion to enhance operational efficiency and implement Employee stock ownership plan (ESOP). Orders are received for two months until August 16th, 2016. http://www.marketinfo.mn/news/detail/790 Southgobi hasn't repaid deferred interest obligations to CIC SouthGobi Resources Ltd. (TSX: SGQ)(HKSE: 1878) announced the company has not repaid the deferred outstanding interest obligations and associated costs of US$18.7 million payable on June 17, 2016, to CIC nor reached a repayment plan for the payment of such amounts. The Company is in discussion with CIC for a repayment plan. Bloomberg FRC issues special licenses

On June 10th, 2016, the Financial Regulatory Commission of Mongolia issued asset management license to "Mongolia Wealth Management" LLC and legal advisory license to "Tsogt and Nandin" LLP.

http://www.marketinfo.mn/ World news

Remain 53 percent, Leave 46 percent: ORB poll on UK's EU referendum Support for Britain remaining in the European Union stood at 53 percent with support for quitting the bloc at 46 percent, according to a poll by ORB for the

Daily Telegraph newspaper. The newspaper said this represented an eight-point net reversal from last week, when Leave held a one-point lead among definite voters with 49 per cent to "Remain’s 48 per cent.

http://www.reuters.com/article/us-britain-eu-poll-orb-idUSKCN0Z62FH

NEWS & UPDATES

Coal/China Import

Iron ore

Coal/China Import from Mongolia

Copper

Gold

Oil

21 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 30.050 USD 2.95 3.19 130,368,700 4,322,712 4,615,007 55,365.75 44.190 21.885 Metals & Mining

Banpu 13.300 THB 3.10 9.70 101,234,225 268,867,700 34,874,360 1,462.73 19.891 10.911 Oil, Gas & Consumable Fuels

Turquoise Hill Resources 3.430 USD 3.63 35.04 14,118,320 4,161,891 7,687,151 6,902.24 4.040 1.550 Metals & Mining

Areva 3.731 EUR -1.30 -31.21 88,723 21,011 16,665 1,621.20 8.879 3.260 Electrical Equipment

Mongolian Mining Corporation 0.083 HKD 0.00 -52.57 58,115 5,323,500 1,490,271 99.07 0.460 0.026 Metals & Mining

Centerra Gold 7.220 CAD 3.00 9.56 14,873,700 2,068,950 5,615,354 1,747.31 8.670 5.510 Metals & Mining

SouthGobi Resources 1.410 HKD 0.00 -41.25 3,818 21,100 22,820 46.82 5.900 1.240 Oil, Gas & Consumable Fuels

Mongolia Energy Corporation 0.166 HKD 0.00 -6.21 44,658 2,066,000 1,206,396 38.22 0.495 0.107 Oil, Gas & Consumable Fuels

Denison Mines 0.579 USD 1.60 16.29 211,026 366,332 270,274 308.99 0.799 0.350 Oil, Gas & Consumable Fuels

Genie Energy 7.030 USD -0.71 -36.00 491,374 69,695 71,170 173.15 14.748 6.271 Electric Utilities

Central Asia Metals 144.000 GBp 2.13 -6.11 90,952 42,838 334,075 235.55 186.500 121.250 Metals & Mining

Entrée Gold 0.306 USD -0.39 29.73 25,168 85,426 493,480 46.70 0.400 0.170 Metals & Mining

Xanadu Mines 0.230 AUD 0.00 109.09 1,832 10,890 9,400 77.53 0.260 0.073 Metals & Mining

Guildford coal / Terra Energy 0.005 AUD 40.00 0.00 3,703 750,000 800,891 12.58 0.042 0.002 Oil, Gas & Consumable Fuels

Khan Resources 0.650 USD 0.00 160.85 65,658 101,000 30,400 54.69 0.670 0.237 Oil, Gas & Consumable Fuels

Aspire Mining 0.007 AUD 0.00 -12.50 3,372 643,669 195,772 4.86 0.022 0.005 Metals & Mining

Prophecy Coal 1.810 CAD 2.26 -48.29 399 282 16,972 5.21 7.500 1.000 Oil, Gas & Consumable Fuels

Petro Matad Ltd 2.675 GBp -0.93 -14.40 0 3,029,004 973,090 11.28 9.875 1.875 Oil, Gas & Consumable Fuels

Mongolia Growth Group Ltd 0.425 CAD -3.41 25.00 0 1,500 8,159 22.11 0.940 0.330 Real Estate Management

Erdene Resources Development 0.340 CAD -1.47 109.38 2,251 8,500 97,306 30.55 0.550 0.110 Metals & Mining

General Mining Corp Ltd 0.760 AUD 2.70 198.04 305,911 542,444 745,135 181.00 0.905 0.039 Metals & Mining

Kincora Copper 0.040 CAD 0.00 100.00 399 12,750 292,858 9.82 0.055 0.015 Metals & Mining

Haranga Resources 0.002 AUD 0.00 -50.00 135 90,000 - 0.58 0.018 0.002 Metals & Mining

Wolf Petroleum 0.017 AUD 13.33 0.00 3,806 324,664 1,466,646 0.00 0.036 0.004 Oil, Gas & Consumable Fuels

Viking Mines 0.021 AUD 0.00 31.25 314 20,000 20,000 3.29 0.022 0.008 Metals & Mining

Parmelia Resources 0.080 AUD 0.00 77.78 8,189 134,725 90,210 7.19 0.098 0.020 Metals & Mining

Altan Rio Minerals 0.015 CAD 0.00 50.00 821 70,000 - 1.04 0.030 0.010 Metals & Mining

Eumeralla Resources 0.026 AUD 0.00 16.87 739 38,000 2,667 1.93 0.037 0.019 Metals & Mining

Draig Resources 0.026 AUD 0.00 4.86 24 1,227 40,000 2.08 0.035 0.015 Metals & Mining

Source: Bloomberg

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

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 11,470 7.20 -8.16 6/20/2016 15,230 45,572 5,722 223,681,600 15,862 10,485 MSE Top 20 Index

APU JSC 444 0.00 -87.42 6/20/2016 9,706 42,608 623 18,676,743 4,149 410 Beverages-Wine/Spirits

Arig Gal JSC 1,900 5.56 -19.15 6/20/2016 14 14 - 3,391,846 2,560 1,800 Wool

Baganuur JSC 2,600 8.33 7.29 6/20/2016 81 61 2 28,518,242 3,300 1,350 Coal

Bayangol Hotel JSC 36,000 0.00 -21.88 5/31/2016 - - - 10,375,837 49,800 36,000 Hotels&Motels

BDSec JSC 1,595 0.00 -20.06 6/17/2016 - - - - 2,000 1,300 Finance-Invest Bnkr/Brkr

Hermes Center JSC 129 3.20 4.88 6/20/2016 10 146 8 5,238,887 149 105 Retail-Misc/Diversified

Gobi JSC 8,000 0.00 -5.66 6/20/2016 4,507 1,098 226 32,021,036 11,000 7,010 Apparel Manufacturers

Darkhan Nekhii JSC 14,810 -3.20 -18.85 6/20/2016 152 20 69 10,493,259 24,040 14,510 Apparel Manufacturers

Jenco Tour Bureau 61 0.00 -18.67 6/14/2016 - - 1 3,129,810 100 60 Travel Services

Makh Impex 2,482 8.96 -11.97 6/20/2016 96 75 10 6,240,281 3,560 2,202 Food-Meat Products

Merex JSC 70 0.00 -5.41 6/20/2016 4 100 - - 88 68 Bldg Prod-Cement/Aggreg

Tavan Tolgoi JSC 1,395 0.00 -52.54 6/20/2016 143 200 40 37,830,313 3,950 100 Coal

Talkh Chikher JSC 19,000 2.43 9.32 6/20/2016 448 46 163 9,979,660 21,000 15,000 Food-Baking

UB-BUK JSC 25,700 0.00 -23.65 6/3/2016 - - - 20,248,461 40,000 25,000 Bldg Prod-Cement/Aggreg

State Department Store JSC 520 2.97 -1.89 6/20/2016 40 149 12 9,820,463 885 480 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 6/20/2016 30 1,055 - 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 0.00 -31.88 6/17/2016 - - 141 16,524,291 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:

Guildford coal / Terra Energy 40.00 No news

Wolf Petroleum 13.33 China Sam Enterprise invest A$3.2 million in the company

Losers:

Mongolia Growth Group Ltd -3.41 No news

Darkhan Nekhii JSC -3.20 No news

321 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

Find us on Bloomberg: GLM <GO>