2014-11-18

Daily Report
Report
Daily
|
NEWS & ANALYSIS

18 November 2014

2014.11.18
Performance

Index

Last

Country

MSE - Top20
DJIA
S&P 500
Nasdaq
S&P/TSX comp
FTSE 100
S&P/ASX 200
Hang Seng
Bloomberg/asia.pac

Change %
(Day)

15,249.30
17,634.74
2,039.82
4,688.54
14,843.10
6,654.37
5,409.90
23,997.15
175.58

MN
US
US
US
CN
UK
US
HK
ASIA

YTD change %

-8.39
-0.10
0.02
0.18
0.44
0.29
-0.81
-0.37
0.49

-6.44
6.38
10.36
12.26
8.97
-1.40
1.08
2.96
4.42

COMMODITY PRICES

Performance

Last
USD

Commodity
Prime Coking Coal /Tianjin
Zinc Spot /LME
Iron Ore 58%/Tianjin
Copper Spot /LME
Oil
Gold Spot /LME
Silver Spot /LME

Change %
(Day)

140.36
2,248.00
80.09
6,776.00
75.42
1,184.66
16.09

YTD change %

0.00
-0.19
#N/A N/A
-0.02
-0.29
-0.16
-0.34

-26.50
9.50
-41.02
-8.13
-23.37
-1.41
-17.35

MONGOLIAN ECONOMIC INDICATORS

Indicator
RGDP /bln. MNT/
NGDP /bln.MNT/
Inflation
Foreign reserve /mln. USD/
Policy rate

Date

Last

2014.07
2014.07
2014.10
2014.09
July 31 ,2014

9,857
6,635
1,542.7
12.00

Last

Yield

YoY change
%
5.3
14.6
12.1
-42.4

DEBT MARKET

Amt.
issued mln
USD
DBM bond - 5.75
580
MMC bond - 8.875
600
Mongol 2018 - 4.125
500
Mongol 2022 - 5.125
1,000
TDBM 2015 - 8.5
300
TDBM 2015 - 12.5
25
TDBM 2017 - 10 dim sum
115
DBM bond - 1.52 sam.
290
Bonds - Coupon

97.55
68.50
95.05
89.36
99.52
97.25
97.71
103.06

Maturity date

6.897
27.965
5.687
6.774
9.083
15.302
10.966
1.156

3/21/2017
3/29/2017
1/5/2018
12/5/2022
9/20/2015
11/17/2015
1/21/2017
12/25/2023

INDICES CHANGE

Nikkei 225

4.58

-2.59

DAX

0.05

Hang Seng

2.96

-0.37

S&P/ASX 200

-0.81

1.08

FTSE 100

0.29

S&P/TSX comp

0.44

Nasdaq

0.18

-1.40
8.97

12.26

-0.10

6.38

-8.39

MSE - Top20

-6.44

Change % (Day)

PM candidate Saikhanbileg promises a way out of economic recession

Ch.Saikhanbileg has been elected by the Democratic Party to take up the mantle of Prime Minister
after the recent ousting of N.Altankhuyag. Saikhanbileg, who was Cabinet Minister in Altankhuyags
government, said he will work towards addressing the economic recession. One general issue is the
economic crisis we are currently facing. How to get out of this situation will be the goal of the next
government. Hence, all the people with seats in Parliament will leave behind their personal endeavors
and focus on the nations development. This will be our main principle, he said. Saikhanbileg said
that there will not be many structural changes in his new government, so as to make everything
stable and in accordance with policies. As was speculated, Saikhanbileg confirmed that he will
continue the Altankhuyag governments action plan through 2016 and work to implement all large
scale projects. Speaker of Parliament Z.Enkhbold showed full support for his partys election, sealing
the deal for Saikhanbileg. Enkhbold is to lead the Democratic Party since N.Altankhuyag has
voluntarily stepped down from his position as the head of the party. Enkhbold said that Parliament will
discuss the candidates for Prime Minister on Tuesday.
http://ubpost.mongolnews.mn/?p=12521
GLOBAL NEWS
Asian Stocks Rise as Abe Poised to Add Stimulus, Call Election
Asian stocks rose as investors await a decision by Japanese Prime Minister Shinzo Abe to put off a
sales-tax increase, add stimulus and call an election, after data yesterday showed the economy
entered recession. The MSCI Asia Pacific Index (MXAP) gained 0.4 percent to 140.29 as of 9:00 a.m.
in Tokyo, after slumping by the most in more than a month yesterday. Abes administration will
announce the plans for the levy and polls today, according to the Yomiuri newspaper. The
government will also order the creation of an economic stimulus package, said Ryu Shionoya, deputy
policy chief of Japans ruling Liberal Democratic Party. Speaking during quarterly testimony to
lawmakers at the European Parliament yesterday, central bank President Mario Draghi explicitly cited
government-bond buying as a policy tool officials could use to stimulate the economy if the outlook
worsens. Japans Topix (TPX) index jumped 1.3 percent after dropping 2.5 percent yesterday. South
Koreas Kospi index added 0.5 percent today. Australias S&P/ASX 200 Index increased 0.1 percent.
New Zealands NZX 50 Index climbed 0.2 percent. Markets in China and Hong Kong have yet to
open. Reports on mainland property prices and foreign direct investments are due today. The Hang
Seng China Enterprises Index sank 1.9 percent in Hong Kong yesterday in the largest slump in two
months, after mainland investors largely ignored the citys shares on the first day of the ShanghaiHong Kong bourse link. More than two shares rose for each that fell on the Shanghai Composite
Index, which slipped 0.2 percent.
http://www.bloomberg.com/news/2014-11-18/asian-stocks-rise-as-abe-poised-to-add-stimulus-callelection.html
Volume

YTD %

MSE TOP 5 MOST TRADED

Trade value '000

GOV

Parliament approves state budget for 2015

The plenary session of the Parliament on Friday held a third and fourth discussion of the state budget
for 2015, approving the draft.
The budget income is approved to be 4.8 trillion MNT, while the budgets expenditure will be 5.6
trillion MNT. The amount of financial investments for projects, events and construction is 655 billion
MNT, while the financial investment on terms of repayment from the Development Bank for the above
mentioned items is 196 billion MNT.
The new resources and re-financing for the budgets deficit on the governments multi-year bond was
approved for 1 trillion 816 billion MNT. The governments new foreign project loan is 277 billion MNT.
Financial support for the provinces is 160 billion MNT and the investment for the provinces overall
funding is 15 billion MNT.
http://ubpost.mongolnews.mn/?p=12524

Thousands

DJIA

-3.13

MONGOLIAN RELATED NEWS

Two companies approved for Mongolian meat export to Russia
Mongolia and Russia reached an agreement to export 10,000 tons of meat to Russia during Russian
President Vladimir Putin's visit to Mongolia in September. Following a preliminary agreement on meat
export, specialists from Russia's veterinary control agency arrived in Mongolia and visited 12 meat
processing factories in Mongolia. The Ministry of Industry and Agriculture Mongolia reported that two
companies, Erdmiit and Prekom, were granted permission to export meat to Russia from their meat
processing factories in Mongolia. There were 10 companies that were considered for meat exports.
Russia believes that Mongolian beef could replace meat exports from Latin America with more
convenient logistic terms, and Mongolian producers will aim to achieve exports of 100,000-110,000
tons
http://english.news.mn/content/195614.shtml

MSETOP Index

16,000

20,000

14,000

18,000
16,000

12,000

14,000

10,000

12,000

8,000

10,000

6,000

8,000

788

HRM

6,000

4,000

0.00%

895

4,000

2,000

-2%

-1%

0%

1%

2%

June-14

May-14

April-14

March-14

January-14

October-13

August-13

July-13

June-13

May-13

-1.35%

February-14

1,500

December-13

1,000

November-13

500

September-13

April-13

1,095

0
January-13

BAN

2,000

0
March-13

1.62%

1,002

February-13

HBO

18 November 2014

MONGOLIAN RELATED COMPANIES

Name

Sym

Currency

30 day graphic

Last

Chg day %

YTD %

Trade value 000 Market cap mln

52w high
USD
USD/

52w low

Currency
cross

Turquoise Hill

TRQ US Equity

USD

3.590

0.84

8.79

15,195.6

7,224.15

4.36

2.93

1.00

Centerra Gold

CG CN Equity

CAD

4.940

2.70

14.35

6,986.8

1,035.85

6.90

2.82

1.13

MMC

975 HK Equity

HKD

0.620

3.33

-39.81

528.4

296.22

1.39

0.48

7.75

Denison Mines Corp

DML CN Equity

CAD

1.320

3.13

2.33

2,271.9

592.13

1.95

1.02

1.13

Winsway Coking Coal Holdings Ltd

1733 HK Equity

HKD

0.365

0.00

-25.51

123.7

177.60

0.59

0.31

7.75

276 HK Equity

HKD

0.173

0.00

#N/A N/A

302.4

#VALUE!

#N/A N/A

#N/A N/A

7.75

MoEnCo
SouthGobi Resources

1878 HK Equity

HKD

3.810

-2.31

-44.62

1.0

92.03

9.46

3.78

7.75

CAML LN Equity

GBp

155.000

1.31

9.93

5,970.5

271.29

190.00

141.00

0.64

402 HK Equity

HKD

0.290

0.00

0.00

177.3

250.62

0.38

0.16

7.75

YAK CN Equity

CAD

1.250

-2.34

-44.93

33.7

38.64

3.07

1.25

1.13

61 HK Equity

HKD

0.146

-3.95

-19.78

5.2

113.62

0.21

0.10

7.75

Guildford Coal Ltd

GUF AU Equity

AUD

0.036

0.00

-56.55

11.4

26.73

0.11

0.04

1.14

Origo Partners PLC

OPP LN Equity

GBp

7.188

0.00

-2.54

452.0

40.31

8.75

6.63

0.64

Entree Gold Inc

ETG CN Equity

CAD

0.235

4.44

-24.19

3.1

30.64

0.52

0.21

1.13

Aspire Mining Ltd

AKM AU Equity

AUD

0.045

15.38

-19.64

9.6

27.80

0.08

0.03

1.14

Prophecy Coal Corp

PCY CN Equity

CAD

0.060

-7.69

-25.00

6.7

13.40

0.11

0.04

1.13

FeOre Ltd

FEO AU Equity

AUD

0.025

0.00

-39.02

0.6

11.62

0.08

0.03

1.14

MATD LN Equity

GBp

3.000

0.00

-20.00

760.2

13.18

11.50

2.00

0.64

Xanadu Mines Ltd

XAM AU Equity

AUD

0.125

0.00

150.00

2.2

26.74

0.18

0.03

1.14

Haranga Resources Ltd

HAR AU Equity

AUD

0.015

0.00

-75.81

0.6

3.19

0.09

0.01

1.14

Central Asia Metals PLC

Mongolia Investment Group Ltd
Mongolia Growth Group
North Asia Resources Holdings Ltd

Petro Matad Ltd

Wolf Petroleum Ltd

WOF AU Equity

AUD

0.047

-4.08

-32.86

5.0

12.14

0.09

0.03

1.14

MNAP US Equity

USD

0.090

10.02

31.39

2.3

15.53

0.17

0.04

1.00

KRI CN Equity

CAD

0.360

-1.37

26.32

44.4

21.75

0.45

0.18

1.13

Voyager Resources Ltd

VOR AU Equity

AUD

0.002

0.00

-62.50

6.7

2.30

0.01

0.00

1.14

East Asia Minerals Corp

EAS CN Equity

CAD

0.020

33.33

-50.00

0.3

1.94

0.11

0.02

1.14

Erdene Resource Development Corp

ERD CN Equity

CAD

0.120

9.09

-14.29

1.0

8.15

0.26

0.08

1.13

Modun Resources Ltd

MOU AU Equity

AUD

0.004

0.00

0.00

1.8

6.23

0.01

0.00

1.14

Kincora Copper Ltd

KCC CN Equity

CAD

0.025

-16.67

0.00

3.6

6.87

0.09

0.02

1.13

General Mining Corp Ltd

GMM AU Equity

AUD

0.008

0.00

-52.94

0.7

0.94

0.02

0.01

1.14

Draig Resources Ltd

DRG AU Equity

AUD

0.017

13.33

-51.43

0.2

0.99

0.04

0.01

1.14

Newera Resouces Ltd

NRU AU Equity

AUD

0.001

0.00

-83.33

0.3

1.04

0.01

0.00

1.14

BDI AU Equity

AUD

0.001

0.00

0.00

0.0

1.30

0.00

0.00

1.14

Manas Petroleum Corp

Khan Resources Inc.

Blina Minerals NL

Source: Bloomberg
MONGOLIAN STOCK MARKET
17 November 2014

14

JSC's

TOP20 index

was

15,249.30

17,575

shares

worth

Change day

16.11

mln

MNT

-8.39%

YTD

-6.44%

have

Company name

Trade volume

Trade value
'000

Last

Chg day

Chg day %

Buy
volume

Buy price

Sell price

Sell volume

BNG

30

1,740

58000

0.00%

55000

59000

EER

510

1,199

2350

0.00%

2350

210

BAN

300

1,095

3650

-50

-1.35%

62

3600

3689

HBO

2,144

1,002

467.46

1.62%

100

495

500

1050

HRM

5,000

895

179

0.00%

560

178

185

1000

GOV

105

788

7500

0.00%

52

7400

7500

15

RMC

7,451

745

100

1.45%

3111

95

100

20000

NEH

20

352

17600

100

0.57%

100

17500

17600

30

TCK

17

315

18500

0.00%

56

18500

19200

30

SHG

40

252

6310

0.00%

73

6300

6310

90

UID

447

251

560.67

-4

-0.77%

1533

560

627

100

MRX

1,500

150

100

0.00%

99

100

30284

APU

19

3735

-3

-0.08%

210

3650

3740

195

ADL

11

1840

240

15.00%

20

1602

2200

110

been

traded.

18 November 2014

Investment Banking Division of Golomt Bank

The principal activities of Investment Banking Division constitute structuring, sourcing, negotiating and closing debt and equity
financings as well as the provision of incisive advisory services for private and public companies as well as institutions, public sector
agencies and authorities.
-8
Our vision is to fuel the profitable
growth of our valued clients by providing the highest-quality investment banking services, and in so
doing create an environment which will lead to long term, mutually beneficial relationships. We strive to achieve these lasting
relationships by matching each client assignment with the collaborative expertise of the Banks team of seasoned banking and
investment professionals.
Contact
Sukhbaatar Square, Ulaanbaatar 210620A, Mongolia
Fax: +976-70117676 /1402/
E-mail: ibd@golomtbank.com
Website: www.golomtbank.com

Disclaimer
2013.06
2702.1
This
document has
been prepared by the investment banking division of Golomt Bank for information purpose only. The views
2013.06are the7591
expressed
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
13606.65
material, including information sourced from or attributed to Golomt Bank, 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
1600 for you of the securities/transactions before investing
independently determine, with your own advisors, the appropriateness
or transacting.