Daily Report

Mongolian Economic Indicators

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

Date
3/31/2016
3/31/2016
5/31/2016
4/30/2016
5/5/2016
5/31/2016
3/31/2016

Last
4,706
2,938
1.8
1,415.9
10.50
118.00
11.60

%YoY
2.00
3.10
-77.50
23.34
-2.50
2,581.82
56.80

FX Market
Currency
USD/MNT
CNY/MNT
RUB/MNT
EUR/MNT
JPY/MNT
EUR/USD
USD/JPY

Last
1,949.00
296.43
30.40
2,209.83
18.72
1.1339
104.12

Debt Markets
Bonds - Coupon
DBM bond - 5.75
DBM bond - 1.52 samurai
Mongol 2018 - 4.125
Mongol 2022 - 5.125
Mongol 2018 - 7.5 dim sum
Mongol 2021- 10.875
TDBM 2017 - 10 dim sum
TDBM bond - 9.375
MMC bond - 8.875

Amt.
issued mln
USD
580
288
500
1,000
152
500
106
500
600

%DoD

MSE - TOP 20
DJIA
S&P 500
S&P/TSX comp
FTSE 100
S&P/ASX 200
Hang Seng
MICEX/ Moscow Index 50
Shanghai Composite Index
Bloomberg/Asia Pacific. World

99.50
104.27
96.02
79.83
91.38
103.03
99.99
96.00
22.75

Copper Spot /LME

Oil
Gold Spot /LME
Silver Spot /LME
Iron Ore 58%/Tianjin
Prime Coking Coal/China Import
Prime Coking Coal China Import
from Mongolia price

2.39
2.71
-2.49
1.32
-2.41
1.06
4.92

Yield

Maturity
date

6.433
0.903
6.550
9.247
12.149
9.954
9.378
10.648
342.322

3/21/2017
12/25/2023
1/5/2018
12/5/2022
6/30/2018
4/6/2021
1/21/2017
5/19/2020
3/29/2017

6/21/2016

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-plantfinalized
"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

Country
MN
US
US
US
UK
AUS
CN
RUS
RUS
ASIA

Last
11,845.50
17,804.87
2,083.25
14,015.14
6,204.00
5,286.50
20,597.91
1,902.70
2,899.15
169.19

Commodity Prices
Commodity

%MoM

0.32
0.31
-0.57
-0.11
0.45
0.55
0.04

Last

World Indices
Index

%WoW

-0.05
-0.15
-0.33
-0.31
0.09
0.22
-0.17

NEWS & UPDATES

USD
4,633.25
49.12
1,288.53
17.52
USD
54.85
64.00

Performance
%DoD
YTD%
3.28
-8.16
0.73
2.18
0.58
1.92
0.82
7.73
3.04
-0.61
0.57
-0.18
0.43
-6.01
1.37
8.02
0.36
-18.08
0.74
-7.13

Performance
%DoD
YTD%
2.02
-1.54
-0.51
32.61
-0.11
21.43
0.14
26.53
%MoM
YTD%
-7.94
38.51
1.59
3.23

36.00

12.50
Coal/China
Import

Iron ore
Coal/China Import
from Mongolia

Copper

Gold

Oil

Source: Bloomberg Finance L.P.

2.86

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 "Remains 48 per cent.
http://www.reuters.com/article/us-britain-eu-poll-orb-idUSKCN0Z62FH

21 June 2016

MONGOLIA RELATED COMPANIES

Company Name

Rio Tinto
Banpu
Turquoise Hill Resources
Areva
Mongolian Mining Corporation
Centerra Gold
SouthGobi Resources
Mongolia Energy Corporation
Denison Mines
Genie Energy
Central Asia Metals
Entre Gold
Xanadu Mines
Guildford coal / Terra Energy
Khan Resources
Aspire Mining
Prophecy Coal
Petro Matad Ltd
Mongolia Growth Group Ltd
Erdene Resources Development
General Mining Corp Ltd
Kincora Copper
Haranga Resources
Wolf Petroleum
Viking Mines
Parmelia Resources
Altan Rio Minerals
Eumeralla Resources
Draig Resources

Closing
Price

30.050
13.300
3.430
3.731
0.083
7.220
1.410
0.166
0.579
7.030
144.000
0.306
0.230
0.005
0.650
0.007
1.810
2.675
0.425
0.340
0.760
0.040
0.002
0.017
0.021
0.080
0.015
0.026
0.026

Currency

%DoD

USD
THB
USD
EUR
HKD
CAD
HKD
HKD
USD
USD
GBp
USD
AUD
AUD
USD
AUD
CAD
GBp
CAD
CAD
AUD
CAD
AUD
AUD
AUD
AUD
CAD
AUD
AUD

2.95
3.10
3.63
-1.30
0.00
3.00
0.00
0.00
1.60
-0.71
2.13
-0.39
0.00
40.00
0.00
0.00
2.26
-0.93
-3.41
-1.47
2.70
0.00
0.00
13.33
0.00
0.00
0.00
0.00
0.00

YTD %

3.19
9.70
35.04
-31.21
-52.57
9.56
-41.25
-6.21
16.29
-36.00
-6.11
29.73
109.09
0.00
160.85
-12.50
-48.29
-14.40
25.00
109.38
198.04
100.00
-50.00
0.00
31.25
77.78
50.00
16.87
4.86

Daily Traded
value USD

130,368,700
101,234,225
14,118,320
88,723
58,115
14,873,700
3,818
44,658
211,026
491,374
90,952
25,168
1,832
3,703
65,658
3,372
399
0
0
2,251
305,911
399
135
3,806
314
8,189
821
739
24

Traded
Volume Day

Avg. 5 day traded

volume

4,322,712
268,867,700
4,161,891
21,011
5,323,500
2,068,950
21,100
2,066,000
366,332
69,695
42,838
85,426
10,890
750,000
101,000
643,669
282
3,029,004
1,500
8,500
542,444
12,750
90,000
324,664
20,000
134,725
70,000
38,000
1,227

4,615,007
34,874,360
7,687,151
16,665
1,490,271
5,615,354
22,820
1,206,396
270,274
71,170
334,075
493,480
9,400
800,891
30,400
195,772
16,972
973,090
8,159
97,306
745,135
292,858
1,466,646
20,000
90,210
2,667
40,000

Market cap
mln USD

55,365.75
1,462.73
6,902.24
1,621.20
99.07
1,747.31
46.82
38.22
308.99
173.15
235.55
46.70
77.53
12.58
54.69
4.86
5.21
11.28
22.11
30.55
181.00
9.82
0.58
0.00
3.29
7.19
1.04
1.93
2.08

52w high

44.190
19.891
4.040
8.879
0.460
8.670
5.900
0.495
0.799
14.748
186.500
0.400
0.260
0.042
0.670
0.022
7.500
9.875
0.940
0.550
0.905
0.055
0.018
0.036
0.022
0.098
0.030
0.037
0.035

52w low

21.885
10.911
1.550
3.260
0.026
5.510
1.240
0.107
0.350
6.271
121.250
0.170
0.073
0.002
0.237
0.005
1.000
1.875
0.330
0.110
0.039
0.015
0.002
0.004
0.008
0.020
0.010
0.019
0.015

Industry
Metals & Mining
Oil, Gas & Consumable Fuels
Metals & Mining
Electrical Equipment
Metals & Mining
Metals & Mining
Oil, Gas & Consumable Fuels
Oil, Gas & Consumable Fuels
Oil, Gas & Consumable Fuels
Electric Utilities
Metals & Mining
Metals & Mining
Metals & Mining
Oil, Gas & Consumable Fuels
Oil, Gas & Consumable Fuels
Metals & Mining
Oil, Gas & Consumable Fuels
Oil, Gas & Consumable Fuels
Real Estate Management
Metals & Mining
Metals & Mining
Metals & Mining
Metals & Mining
Oil, Gas & Consumable Fuels
Metals & Mining
Metals & Mining
Metals & Mining
Metals & Mining
Metals & Mining

Source: Bloomberg

MONGOLIAN STOCK MARKET - MSE TOP 20 INDEX

Company name

MSE TOP 20 Index

APU JSC
Arig Gal JSC
Baganuur JSC
Bayangol Hotel JSC
BDSec JSC
Hermes Center JSC
Gobi JSC
Darkhan Nekhii JSC
Jenco Tour Bureau
Makh Impex
Merex JSC
Tavan Tolgoi JSC
Talkh Chikher JSC
UB-BUK JSC
State Department Store JSC
HB Oil JSC
Khukh Gan JSC
Sharyn Gol JSC
Shivee Ovoo JSC
E- Trans Logistics JSC

Closing
Price
MNT

11,470
444
1,900
2,600
36,000
1,595
129
8,000
14,810
61
2,482
70
1,395
19,000
25,700
520
336
55
3,500
2,400
99

%DoD

7.20
0.00
5.56
8.33
0.00
0.00
3.20
0.00
-3.20
0.00
8.96
0.00
0.00
2.43
0.00
2.97
0.00
0.00
0.00
0.00
0.00

20/06/2016

%YTD

Last Traded
date

Daily Traded
value USD

-8.16
-87.42
-19.15
7.29
-21.88
-20.06
4.88
-5.66
-18.85
-18.67
-11.97
-5.41
-52.54
9.32
-23.65
-1.89
-7.14
-26.67
-9.14
-31.88
-13.91

6/20/2016
6/20/2016
6/20/2016
6/20/2016
5/31/2016
6/17/2016
6/20/2016
6/20/2016
6/20/2016
6/14/2016
6/20/2016
6/20/2016
6/20/2016
6/20/2016
6/3/2016
6/20/2016
4/15/2016
6/20/2016
5/26/2016
6/17/2016
6/16/2016

15,230
9,706
14
81
10
4,507
152
96
4
143
448
40
30
-

Traded
volume Day

Avg. 5 day value

USD

45,572
42,608
14
61
146
1,098
20
75
100
200
46
149
1,055
-

5,722
623
2
8
226
69
1
10
40
163
12
141
-

Market Cap
USD

223,681,600
18,676,743
3,391,846
28,518,242
10,375,837
5,238,887
32,021,036
10,493,259
3,129,810
6,240,281
37,830,313
9,979,660
20,248,461
9,820,463
2,807,287
16,524,291
-

52w
high MNT

52w low
MNT

15,862
4,149
2,560
3,300
49,800
2,000
149
11,000
24,040
100
3,560
88
3,950
21,000
40,000
885
500
142
8,600
5,500
120

10,485
410
1,800
1,350
36,000
1,300
105
7,010
14,510
60
2,202
68
100
15,000
25,000
480
324
55
2,000
2,190
86

Industry
MSE Top 20 Index
Beverages-Wine/Spirits
Wool
Coal
Hotels&Motels
Finance-Invest Bnkr/Brkr
Retail-Misc/Diversified
Apparel Manufacturers
Apparel Manufacturers
Travel Services
Food-Meat Products
Bldg Prod-Cement/Aggreg
Coal
Food-Baking
Bldg Prod-Cement/Aggreg
Retail-Misc/Diversified
Oil Refining&Marketing
Metal-Diversified
Coal
Coal
Transport-Services

Source: Bloomberg
Gainers:
Guildford coal / Terra Energy
Wolf Petroleum

40.00
13.33

Latest News:
No news
China Sam Enterprise invest A$3.2 million in the company

Losers:
Mongolia Growth Group Ltd
Darkhan Nekhii JSC

-3.41
-3.20

No news
No news

21 June 2016

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 exchan ges and
over-the-counter markets through our longstanding correspondent relationships with many of the world's leading banking instituti ons.
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: info@golomtsecurities.com
Website: www.golomtsecurities.com
Find us on Bloomberg: GLM <GO>
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.