daily report 20150116
DESCRIPTION
reportTRANSCRIPT
Change %
(Day)YTD change %
MSE - Top20 MN 14,611.31 -0.74 -1.64
DJIA US 17,320.71 -0.61 -2.82
S&P 500 US 1,992.67 -0.92 -3.22
Nasdaq US 4,570.82 -1.48 -3.49
S&P/TSX comp CN 14,041.82 -0.30 -4.04
FTSE 100 UK 6,498.78 1.73 -1.03
S&P/ASX 200 US 5,286.00 -0.85 -2.31
Hang Seng HK 24,185.68 -0.68 2.46
Bloomberg/asia.pac ASIA 186.56 -0.24 1.35
COMMODITY PRICES
Change %
(Day)YTD change %
Prime Coking Coal /Tianjin 137.17 0.00 -1.16
Zinc Spot /LME 2,054.25 1.49 -5.20
Iron Ore 58%/Tianjin 68.80 -49.33
Copper Spot /LME 5,681.00 1.10 -10.79
Oil 46.47 0.48 -12.77
Gold Spot /LME 1,261.77 -0.08 6.54
Silver Spot /LME 17.06 0.66 8.58
MONGOLIAN ECONOMIC INDICATORS
Date LastYoY change
%
RGDP /bln. MNT/ 2014.09 11,094 7.0
NGDP /bln.MNT/ 2014.09 16,517 18.8
Inflation 2014.11 11.5
Foreign reserve /mln. USD/ 2014.11 1,352.1 -41.5
Policy rate July 31 ,2014 12.00
DEBT MARKET
Bonds - Coupon
Amt.
issued mln
USD
Last Yield Maturity date
DBM bond - 5.75 580 94.00 8.847 3/21/2017
MMC bond - 8.875 600 66.50 31.056 3/29/2017
Mongol 2018 - 4.125 500 91.12 7.181 1/5/2018
Mongol 2022 - 5.125 1,000 83.43 7.825 12/5/2022
TDBM 2015 - 8.5 300 99.50 9.260 9/20/2015
TDBM 2015 - 12.5 25 98.38 13.101 11/17/2015
TDBM 2017 - 10 dim sum 115 96.87 11.526 1/21/2017
DBM bond - 1.52 sam. 290 104.45 0.973 12/25/2023
INDICES CHANGE
MSE TOP 5 MOST TRADED
Trade value '000
MONGOLIAN RELATED NEWS
President to attend World Economic Forum
President Ts.Elbegdorj will conduct a state visit to the Czech Republic upon invitation by Miloš
Zeman, President of the Czech Republic, between January 18-20th, and will then attend the 45th
World Economic Forum in Davos, Switzerland, from January 21-24th. During the visit to the Czech
Republic, President Ts.Elbegdorj will have an official talk with President Zeman, and conduct
meetings with the Czech Prime Minister, President of The Senate of the Parliament of the Czech
Republic, and Deputy of the Chamber of Deputies of the Parliament. President Ts.Elbegdorj will give
an opening speech at a Mongolia-Czech business forum and visit the Mongolian Studies Center at
the Charles University in Prague. A meeting will also be held with Mongolians who reside in the
Czech Republic. The visit comes in the year of the 65th anniversary of diplomatic relations between
the two countries. The visit is believed to be a significant step towards deepening traditional good
relations and cooperation between Mongolia and the Czech Republic, in particular, to expand
cooperation on the economy, trade, investment, social care, and infrastructure, and to intensify
cooperation through international institutions. During the World Economic Forum, President
Ts.Elbegdorj will conduct meetings with the leaders of several countries and hold talks on bilateral
cooperation.
http://english.news.mn/content/201356.shtml
Hospital for National University of Medical Sciences of Mongolia to be built
A new hospital for National University of Medical Sciences of Mongolia is to be built with Japanese
Government aid. It will be the first university hospital in Mongolia to provide medical students and staff
with practical experience. The project will be launched this year and the hospital will open in 2017.
The hospital is to be the venue of medical treatment courses for better and new diagnostics and
treatment technology. More than two hundred new jobs will be created with the launching of the new
hospital.
http://vom.mn/d/7869
GLOBAL NEWS
U.S. Futures Slip With Asian Stocks as Aussie Bonds Surge
U.S. index futures slipped with Asian stocks as Switzerland unexpectedly scrapping its currency cap
damped demand for riskier assets and as oil headed for its longest run of weekly losses since 1986.
The Swiss franc was near a record high versus the euro as Australian bonds surged. Standard &
Poor’s 500 Index futures slid 0.7 percent by 10 a.m. in Tokyo, following a five-day drop of more than 3
percent in the U.S. equity benchmark. Japanese shares drove the MSCI Asia Pacific Index (MXAP)
down 0.6 percent with U.S. oil at $46.33 a barrel, poised for an eighth weekly decline. The franc was
at 99.06 centimes per euro, after soaring as much as 41 percent Thursday in Zurich. Yields
(GACGB10) on 10-year Australian debt slid below the nation’s key interest rate for the first time since
2012. The Swiss National Bank sparked mayhem on trading floors after the surprise move, which
abolished an exchange rate limit against the euro designed to shield the economy from the region’s
sovereign-debt crisis. A New Zealand currency brokerage said it would close due to losses sustained
from the franc’s surge. The euro area reports final December consumer prices figures today, after the
SNB stoked speculation stimulus will be boosted at next week’s European Central Bank meeting.
http://www.bloomberg.com/news/2015-01-15/franc-holds-surge-with-gold-while-aussie-bond-yields-
sink.html
China Orders More Regions to Cut Coal Consumption
China’s state planning agency has ordered the city of Shanghai and the provinces of Zhejiang,
Jiangsu and Guangdong to draw up plans to reduce coal consumption in a bid to improve air quality,
according to a policy document released on Wednesday. The National Development and Reform
Commission (NDRC) said in a notice posted on its website that the regions had been ordered to set
targets by June this year. China has named the vast manufacturing hub of the Yangtze river delta,
which includes Zhejiang, Jiangsu and Shanghai, as one of its three main pollution control regions,
along with the Pearl river delta, another major economic heartland that covers Guangdong. The third
region of Beijing, Tianjin and Hebei has already set targets to cut coal use. Beijing will cut
consumption by 12 million t from 2013 – 2017, Tianjin by 20 million t and Hebei by 40 million t.
China’s coal-dominated energy mix has been identified as one of the major causes of the hazardous
smog that frequently shrouds big cities such as Beijing and Shanghai, as well as a big source of
climate-warming greenhouse gases. The country aims to bring the share of coal in total energy
consumption down to below 62% by 2020. According to the outgoing head of the country’s energy
administration, Wu Xinxiong, the share fell to 64.2% in 2014 from 66% at the end of 2013. Reuters
reported that it is expected to include a nationwide coal consumption cap of 4.2 billion t in its next five-
year plan covering the 2016-2020 period, but it is unclear if the target will be binding.
http://www.worldcoal.com/coal/14012015/China-orders-regions-to-cut-coal-consumption-1744/
2015-01-16
16 January 2015Daily Report
PerformanceLastCountryIndex
Indicator
PerformanceLast
USDCommodity
NEWS & ANALYSIS
-1.64
-2.82
-3.49
-4.04
-1.03
-2.31
2.46
2.32
-3.90
YTD %
-0.74
-0.61
-1.48
-0.30
1.73
-0.85
-0.68
2.20
-1.98
MSE - Top20
DJIA
Nasdaq
S&P/TSX comp
FTSE 100
S&P/ASX 200
Hang Seng
DAX
Nikkei 225
Change % (Day)
30
56
650
1
104
0 500 1,000
APU
BAN
DLG
ETR
GOV
0.00%
-4.32%
-14.02%
-2.04%
-0.67%
-15% -10% -5% 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
Janu
ary
-13
Feb
ruary
-13
Ma
rch
-13
April-1
3
Ma
y-1
3
June
-13
July
-13
Augu
st-
13
Sep
tem
ber-
13
Octo
be
r-1
3
No
ve
mbe
r-13
De
ce
mbe
r-13
Janu
ary
-14
Feb
ruary
-14
Ma
rch
-14
April-1
4
Ma
y-1
4
Jun
e-1
4
July
-14
Augu
st-
14
Septe
mb
er-
14
Octo
be
r-1
4
No
ve
mbe
r-14
De
ce
mbe
r-14
Janu
ary
-15
Th
ou
san
ds
Volume MSETOP Index
Daily Report | 2015.01.16
16 January 2015 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 2.700 -0.37 -12.90 6,535.6 5,433.21 4.36 2.65 1.00
Centerra Gold CG CN Equity CAD 6.830 0.00 13.08 9,106.3 1,347.65 7.07 3.16 1.20
MMC 975 HK Equity HKD 0.320 0.00 -5.88 559.1 382.40 0.84 0.31 7.75
Denison Mines Corp DML CN Equity CAD 1.040 -0.95 -7.96 781.9 439.11 1.95 1.02 1.20
Winsway Coking Coal Holdings Ltd 1733 HK Equity HKD 0.246 0.00 -3.53 47.1 119.75 0.55 0.25 7.75
MoEnCo 276 HK Equity HKD 0.430 0.00 7.50 29.7 93.71 1.06 0.38 7.75
SouthGobi Resources 1878 HK Equity HKD 3.820 0.00 -1.04 200.7 107.81 6.20 3.49 7.75
Central Asia Metals PLC CAML LN Equity GBp 145.000 -0.34 -20.77 13,665.4 245.54 190.00 138.75 0.66
Mongolia Investment Group Ltd 402 HK Equity HKD 0.265 -3.64 -20.90 23.9 229.79 0.38 0.16 7.75
Mongolia Growth Group YAK CN Equity CAD 0.700 0.00 -5.41 67.9 20.36 3.07 0.68 1.20
North Asia Resources Holdings Ltd 61 HK Equity HKD 0.134 0.00 -9.46 16.9 105.15 0.21 0.10 7.75
Guildford Coal Ltd GUF AU Equity AUD 0.033 0.00 -8.33 0.3 24.92 0.11 0.03 1.22
Origo Partners PLC OPP LN Equity GBp 6.125 0.00 0.00 966.9 33.16 8.25 6.13 0.66
Entree Gold Inc ETG CN Equity CAD 0.205 5.13 0.00 12.7 25.15 0.52 0.18 1.20
Aspire Mining Ltd AKM AU Equity AUD 0.036 2.86 9.09 20.4 20.84 0.07 0.03 1.22
Prophecy Coal Corp PCY CN Equity CAD 0.060 0.00 20.00 2.8 12.61 0.11 0.04 1.20
FeOre Ltd FEO AU Equity AUD 0.026 0.00 0.00 1.2 11.32 0.08 0.02 1.22
Petro Matad Ltd MATD LN Equity GBp 2.250 0.00 5.88 3.2 9.55 10.25 2.00 0.66
Xanadu Mines Ltd XAM AU Equity AUD 0.110 0.00 10.00 19.0 32.89 0.18 0.03 1.22
Haranga Resources Ltd HAR AU Equity AUD 0.013 0.00 -7.14 0.2 3.66 0.09 0.01 1.22
Wolf Petroleum Ltd WOF AU Equity AUD 0.040 0.00 -11.11 29.2 9.85 0.08 0.03 1.22
Manas Petroleum Corp MNAP US Equity USD 0.090 12.92 0.07 10.4 15.03 0.17 0.04 1.00
Khan Resources Inc. KRI CN Equity CAD 0.410 0.00 -15.46 20.9 23.31 0.49 0.21 1.20
East Asia Minerals Corp EAS CN Equity CAD 0.015 0.00 50.00 4.6 1.49 0.11 0.01 1.22
Erdene Resource Development Corp ERD CN Equity CAD 0.100 -16.67 -4.76 1.6 6.90 0.26 0.09 1.20
Modun Resources Ltd MOU AU Equity AUD 0.003 0.00 0.00 3.1 4.38 0.01 0.00 1.22
Kincora Copper Ltd KCC CN Equity CAD 0.025 0.00 0.00 1.6 6.46 0.09 0.02 1.20
General Mining Corp Ltd GMM AU Equity AUD 0.005 0.00 0.00 0.1 0.55 0.02 0.01 1.22
Draig Resources Ltd DRG AU Equity AUD 0.015 0.00 15.38 10.7 0.82 0.04 0.01 1.22
Newera Resouces Ltd NRU AU Equity AUD 0.002 0.00 0.00 0.5 2.01 0.01 0.00 1.22
Blina Minerals NL BDI AU Equity AUD 0.001 0.00 0.00 0.0 1.32 0.00 0.00 1.22
Source: Bloomberg
MONGOLIAN STOCK MARKET
15 January 2015 18 JSC's 20,151 shares worth 8.94 mln MNT have been traded.
TOP20 index was 14,611.31 -0.74% YTD -1.64%
Company name Trade volumeTrade value
'000Last Chg day Chg day % Buy volume Buy price Sell price Sell volume
APU 8 30 3750 0 0.00% 110 3702 3750 14
BAN 21 56 2680 -121 -4.32% 2 2680 2900 273
DLG 200 650 3250 -530 -14.02% 0 0 0 0
ETR 10 1 96 -2 -2.04% 1674 90 96 2761
GOV 14 104 7400 -50 -0.67% 18 7400 7450 154
GTJ 10 30 3000 -100 -3.23% 500 2700 3000 17
GTL 100 950 9500 0 0.00% 0 0 11000 483
HGN 5,010 476 95 -4 -4.04% 2665 95 99 5190
HRM 1,237 192 155 0 0.00% 2000 150 155 3698
JTB 1,601 142 89 0 -0.35% 540 88 89 2211
MIB 210 46 220 0 0.00% 83177 210 220 83121
NEH 254 4,448 17510 -40 -0.23% 177 17510 18000 90
RMC 10,213 919 90 -4 -4.11% 0 0 97 1123
SHG 1 6 5800 -235 -3.89% 19 5800 6500 328
TTL 20 86 4300 -50 -1.15% 170 4100 4300 196
UID 1,047 597 570 0 0.00% 100 485 580 169
ACL 115 83 720 0 0.00% 0 0 0 0
NIE 80 120 1500 1 0.07% 0 0 0 0
30 day graphic
Change day
3
-1
2014.09 2702.1
2013.06 7591
13606.65
3250
91.118
16 January 2015
Disclaimer 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 relationships by matching each client assignment with the collaborative expertise of the Bank’s team of seasoned banking and investment professionals. Contact Sukhbaatar Square, Ulaanbaatar 210620A, Mongolia Fax: +976-70117676 /1402/ E-mail: [email protected] Website: www.golomtbank.com