WORLD INDICES

Change %
(Day)
YTD change %
MSE - Top20 MN 15,669.30 -0.48 -3.88
DJIA US 16,801.05 -0.02 1.35
S&P 500 US 1,946.17 0.00 5.29
Nasdaq US 4,430.20 0.18 6.07
S&P/TSX comp CN 14,760.64 -0.30 8.36
FTSE 100 UK 6,446.39 -1.69 -4.49
S&P/ASX 200 US 5,292.90 -0.09 -1.11
Hang Seng HK 22,932.98 -1.28 -1.60
Bloomberg/asia.pac ASIA 171.55 -0.19 2.03
COMMODITY PRICES
Change %
(Day)
YTD change %
Prime Coking Coal /Tianjin 140.12 0.00 -26.50
Zinc Spot /LME 2,244.75 -0.74 9.34
Iron Ore 58%/Tianjin
Copper Spot /LME 6,648.75 -1.20 -9.86
Oil 91.01 0.31 -7.53
Gold Spot /LME 1,211.52 -0.25 0.82
Silver Spot /LME 17.08 -0.19 -12.30
MONGOLIAN ECONOMIC INDICATORS
Date Last
YoY change
%
RGDP /bln. MNT/ 2014.07 9,857 5.3
NGDP /bln.MNT/ 2014.07 6,635 14.6
Inflation 2014.07 14.9
Foreign reserve /mln. USD/ 2014.06 1,317.5 -57.6
Policy rate July 31 ,2014 12.00
DEBT MARKET
Bonds - Coupon
Amt.
issued mln
USD
Last Yield Maturity date
DBM bond - 5.75 580 97.51 6.869 3/21/2017
MMC bond - 8.875 600 65.25 29.661 3/29/2017
Mongol 2018 - 4.125 500 95.10 5.580 1/5/2018
Mongol 2022 - 5.125 1,000 89.59 6.695 12/5/2022
TDBM 2015 - 8.5 300 99.52 9.029 9/20/2015
TDBM 2015 - 12.5 25 99.13 13.090 11/17/2015
TDBM 2017 - 10 dim sum 115 97.80 10.888 1/21/2017
DBM bond - 1.52 sam. 290 103.22 1.143 12/25/2023
INDICES CHANGE
MSE TOP 5 MOST TRADED
Trade value '000
MONGOLIAN RELATED NEWS
Mongolia-China border briefly closed for four days
China briefly closed parts of its border with Mongolia as China marks the 65th anniversary of the
founding of the Peoples Republic of China, celebrated for four days between October 1-4th. Both
sides close their borders briefly during national celebrations and holidays according to the Mongolia-
China border treaty.
http://english.news.mn/content/190871.shtml
PREMIER'S PROPOSALS GO FURTHER
The Prime Minister N.Altankhuyag called a press conference on a new structure of the government
offered by the amendment. In addition to creating 13 Ministries out of existing 16 in order to avoid a
duplication of some directions, he said the new cabinet will have the First Deputy Premier and the
Deputy Prime Minister. The Minister of foreign affairs is to act as the Deputy PM in order to expand
the external cooperation, enrich the foreign ties with economic contents, widen the economic relations
with the neighbour and other countries, and to arrange the inter-Ministry collaboration. Duties of the
current Deputy PM will be transferred to the First Deputy Premier, Altankhuyag said. Some duties will
go to other agencies and Ministries, he went on. For example, the Deputy Premier and Foreign
Ministry will be in charge of external trade, foreign investments and external economic cooperation,
while the Ministry of Finance will regulate affairs of general policy on credit and assistance, a
development of economic free zone, concession, the partnership policy between the state and private
sector and actions against air pollution. These matters are currently related to the Ministry of
Economic Development.http://english.news.mn/content/190871.shtml
http://news_en.montsame.mn/politics/item/8517-premier-n-altankhuyag-offers-new-cabinet
Aspire Mining to progress Ovoot with corporate advisors
Aspire Mining (ASX:AKM) has entered into an advisory mandate with corporate advisory firm and
investment house Argonaut to progress its Ovoot Coking Coal Project in Mongolia. The company had
recently received a new concept study that highlighted the ability for Ovoot coking coal to upgrade
other lower ranking Mongolian Coal. Ovoot also stands to benefit from Mongolias recent rail
agreement with Russia and trade deals with China. Argonaut, which specialises in the natural
resources sector, will provide general corporate advice, advice with respect to debt and equity funding
options for Aspires rail infrastructure subsidiary Northern Railways. It will also assist in the
negotiations with the Mongolian Government to establish licenses to build and finance the Erdenet to
Ovoot Railway. There are numerous funding options available to Aspire and Northern Railways,
including the sell down of interests in rail and the Ovoot Coking Coal Project, export credit agency
and development bank tied debt funding, coal presales and other tools.
http://www.proactiveinvestors.com.au/companies/news/57927/aspire-mining-to-progress-ovoot-with-
corporate-advisors-57927.html
GLOBAL NEWS
Asia Stocks Drop for Sixth Day With Hong Kong Trading to Resume
Asian stocks dropped for a sixth day as the yen held two days of gains, curbing the earnings outlook
for Japanese exporters. Trading is due to resume in Hong Kong following a two-day holiday. The
MSCI Asia Pacific Index (MXAP) declined 0.1 percent to 138.35 as of 9:00 a.m. in Tokyo, before
markets open in Hong Kong. The gauge is down 2.6 percent this week, on course for the biggest
weekly drop in six months. The measure has retreated 7.4 percent from a six-year high in July. Pro-
democracy leaders in Hong Kong said they will escalate protests if their demands arent addressed.
European Central Banks President Mario Draghi said the central bank will buy assets for at least two
years to boost inflation and economic growth in the euro area. U.S. jobless claims unexpectedly
dropped last week, data showed yesterday. A report on American payrolls is due to be released
today. Japans Topix index slipped 0.1 percent as the yen traded at 108.46 per dollar. Australias
S&P/ASX 200 Index sank 0.2 percent and New Zealands NZX 50 Index fell 0.2 percent. Markets in
South Korea, India and China are closed. As investors assess the health of the U.S. economy,
analysts are predicting a return to gains of more than 200,000 in nonfarm payrolls. The Federal
Reserve, which is on track to announce the end of its bond-buying program this month, is assessing
whether the recovery in the worlds largest economy is strong enough to withstand higher interest
rates.
http://www.bloomberg.com/news/2014-10-03/asia-stocks-drop-for-sixth-day-with-hong-kong-trading-
to-resume.html
2014-10-03
3 October 2014
Daily Report
Performance
Last Country Index
Indicator
Performance
Last
USD
Commodity
NEWS & ANALYSIS
-3.88
1.35
6.07
8.36
-4.49
-1.11
-1.60
-3.73
-4.07
YTD %
-0.48
-0.02
0.18
-0.30
-1.69
-0.09
-1.28
-1.99
-0.22
MSE - Top20
DJIA
Nasdaq
S&P/TSX comp
FTSE 100
S&P/ASX 200
Hang Seng
DAX
Nikkei 225
Change % (Day)
2,163
2,160
1,305
1,133
1,129
1,076
0 1,000 2,000 3,000
GOV
TCK
RMC
MMX
MRX
EER
0.00%
0.00%
-7.14%
-8% -6% -4% -2% 0%
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
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Volume MSETOP Index
Daily Report | 2014.10.03

3 October 2014 2
MONGOLIAN RELATED COMPANIES
Name Sym Currency Last Chg day % YTD %
Trade value
000 USD
Market cap
mln USD/
52w high 52w low
Currency
cross
Turquoise Hill TRQ US Equity USD 3.750 1.63 13.64 13,093.5 7,546.12 4.36 3.01 1.00
Centerra Gold CG CN Equity CAD 5.180 0.19 19.91 3,146.5 1,095.98 6.90 2.82 1.12
MMC 975 HK Equity HKD 0.870 0.00 -15.53 459.6 415.24 1.43 0.48 7.76
Denison Mines Corp DML CN Equity CAD 1.200 -1.64 -6.98 2,214.3 542.86 1.95 1.01 1.12
Winsway Coking Coal Holdings Ltd 1733 HK Equity HKD 0.380 0.00 -22.45 76.4 184.71 0.69 0.31 7.76
MoEnCo 276 HK Equity HKD 0.169 0.00 -30.45 176.0 147.10 0.29 0.15 7.76
SouthGobi Resources 1878 HK Equity HKD 4.460 0.00 -35.17 75.1 107.62 9.90 4.38 7.76
Central Asia Metals PLC CAML LN Equity GBp 168.000 0.00 19.15 1,667,901.2 299.20 190.00 134.75 0.62
Mongolia Investment Group Ltd 402 HK Equity HKD 0.260 0.00 -10.34 9,170.9 224.26 0.41 0.16 7.76
Mongolia Growth Group YAK CN Equity CAD 1.890 -2.58 -16.74 96.5 58.86 3.07 1.71 1.12
North Asia Resources Holdings Ltd 61 HK Equity HKD 0.159 0.00 -12.64 81.4 82.96 0.21 0.10 7.76
Guildford Coal Ltd GUF AU Equity AUD 0.044 0.00 -46.90 0.4 32.69 0.14 0.04 1.14
Origo Partners PLC OPP LN Equity GBp 7.625 -1.61 3.39 3,453.4 43.88 9.50 6.63 0.62
Entree Gold Inc ETG CN Equity CAD 0.285 1.79 -8.06 7.9 37.49 0.53 0.27 1.12
Aspire Mining Ltd AKM AU Equity AUD 0.050 0.00 -10.71 #VALUE! 30.87 0.08 0.03 1.14
Prophecy Coal Corp PCY CN Equity CAD 0.055 0.00 -31.25 0.4 12.40 0.13 0.04 1.12
FeOre Ltd FEO AU Equity AUD 0.055 0.00 34.15 0.4 25.58 0.08 0.03 1.14
Petro Matad Ltd MATD LN Equity GBp 2.875 0.00 -23.33 81.3 12.96 11.50 2.63 0.62
Xanadu Mines Ltd XAM AU Equity AUD 0.125 -3.85 150.00 0.0 26.54 0.18 0.03 1.14
Haranga Resources Ltd HAR AU Equity AUD 0.027 0.00 -56.45 2.8 5.74 0.09 0.03 1.14
Wolf Petroleum Ltd WOF AU Equity AUD 0.048 0.00 -31.43 3.8 11.05 0.09 0.03 1.14
Manas Petroleum Corp MNAP US Equity USD 0.125 -7.41 82.48 27.0 21.57 0.17 0.04 1.00
Khan Resources Inc KRI CN Equity CAD 0.385 1.32 35.09 0.2 23.47 0.45 0.17 1.12
Voyager Resources Ltd VOR AU Equity AUD 0.001 -50.00 -75.00 0.2 1.36 0.01 0.00 1.14
East Asia Minerals Corp EAS CN Equity CAD 0.035 16.67 -12.50 0.4 3.39 0.11 0.03 1.14
Erdene Resource Development Corp ERD CN Equity CAD 0.140 -3.45 0.00 1.5 9.39 0.26 0.07 1.12
Modun Resources Ltd MOU AU Equity AUD 0.004 0.00 0.00 4.4 5.70 0.01 0.00 1.14
Kincora Copper Ltd KCC CN Equity CAD 0.040 0.00 60.00 3.8 11.09 0.09 0.02 1.12
General Mining Corp Ltd GMM AU Equity AUD 0.007 0.00 -58.82 0.1 0.83 0.03 0.01 1.14
Draig Resources Ltd DRG AU Equity AUD 0.013 0.00 -62.86 0.0 0.76 0.04 0.01 1.14
Newera Resouces Ltd NRU AU Equity AUD 0.002 0.00 -66.67 1.8 2.07 0.01 0.00 1.14
Blina Minerals NL BDI AU Equity AUD 0.001 0.00 0.00 0.0 1.31 0.00 0.00 1.14
Source: Bloomberg
MONGOLIAN STOCK MARKET
2 October 2014 17 JSC's 151,893 shares worth 59.89 mln MNT have been
traded.
TOP20 index was 15,669.30 -0.48% YTD -3.88%
Company name Trade volume
Trade
value '000
Last Chg day Chg day %
Buy
volume
Buy price Sell price Sell volume
HBO 107,719 42118 391 -9 -2.25% 0 0 409 730
MSH 7,970 4989 626 16 2.62% 500 550 650 500
GOV 267 2163 8100 0 0.00% 33 8100 8200 186
TCK 108 2160 20000 0 0.00% 100 20000 20900 12
RMC 10,042 1305 130 -10 -7.14% 500 122 130 1758
MMX 348 1133 3255 -89 -2.66% 150 3250 3780 10
MRX 12,529 1129 90.13 -5 -5.13% 2662 90 95 6568
EER 450 1076 2390 0 0.00% 50 2390 2399 10
MDR 1,600 880 550 -0 -0.05% 1000 525 570 985
HSR 206 845 4100 0 0.00% 294 4100 4650 10
HRM 5,100 836 164 6 3.80% 405 158 170 5
APU 80 296 3700 -9 -0.24% 1827 3700 3800 880
ETR 2,900 290 100 0 0.00% 5148 93 115 12
TTL 40 200 5000 -100 -1.96% 120 4860 5000 806
JTB 2,135 175 82 0 0.00% 3543 80 85 1000
UID 299 170 569 0 0.00% 500 567 629 410
UYN 100 110 1100 -100 -8.33% 34 1001 1200 2
Change day
30 day graphic
3
0
2013.06 2702.1
2013.06 7591
13606.65
1889
3 October 2014
Diclaimer
This document has been prepared by the investment banking division of Golomt Bank 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 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
independently determine, with your own advisors, the appropriateness for you of the securities/transactions before investing
or transacting.
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.

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
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Contact

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