daily report 2016-06-13
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dailyTRANSCRIPT
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 4/30/2016 2.1 -77.17
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/ 4/30/2016 124.70 196.90
Unemployment rate 3/31/2016 11.60 56.80
FX Market
Currency Last Δ%DoD Δ%WoW Δ%MoM
USD/MNT 1,972.00 0.46 0.46 1.95
CNY/MNT 300.03 0.34 0.34 2.54
RUB/MNT 30.17 0.35 0.35 1.77
EUR/MNT 2,215.98 0.45 0.45 2.54
JPY/MNT 18.55 -0.32 -0.32 -0.29
EUR/USD 1.1237 -0.12 -0.12 -0.64
USD/JPY 106.28 0.65 0.65 2.21
Debt Markets
Bonds - Coupon
Amt.
issued mln
USD
Last YieldMaturity
date
DBM bond - 5.75 580 98.50 7.785 3/21/2017
DBM bond - 1.52 samurai 282 104.28 0.904 12/25/2023
Mongol 2018 - 4.125 500 96.31 6.457 1/5/2018
Mongol 2022 - 5.125 1,000 80.54 9.074 12/5/2022
Mongol 2018 - 7.5 dim sum 152 91.54 12.020 6/30/2018
Mongol 2021- 10.875 500 103.86 9.739 4/6/2021
TDBM 2017 - 10 dim sum 107 99.99 9.477 1/21/2017
TDBM bond - 9.375 500 96.15 10.594 5/19/2020
MMC bond - 8.875 600 22.75 327.243 3/29/2017
World Indices
Δ%DoD ΔYTD%MSE - TOP 20 MN 11,089.30 0.00 -14.02
DJIA US 17,865.34 -0.67 2.53
S&P 500 US 2,096.07 -0.92 2.55
S&P/TSX comp US 14,037.54 -1.42 7.90
FTSE 100 UK 6,115.76 -1.86 -2.03
S&P/ASX 200 AUS 5,312.60 -0.92 0.32
Hang Seng CN 21,042.64 -1.20 -3.98
MICEX/ Moscow Index 50 RUS 1,903.61 -1.62 8.08
Shanghai Composite Index RUS 2,927.16 -0.30 -17.29
Bloomberg/Asia Pacific. World ASIA 168.70 -1.10 -7.39
Commodity Prices
Δ%DoD ΔYTD%
Copper Spot /LME 4,496.00 -0.10 -4.46
Oil 48.47 -1.22 30.86
Gold Spot /LME 1,273.95 -0.02 20.06
Silver Spot /LME 17.15 -1.02 23.88
USD Δ%MoM ΔYTD%
Iron Ore 58%/Tianjin 54.85 -7.94 38.51
Prime Coking Coal/China Import 63.00 -5.97 1.61
Prime Coking Coal China Import
from Mongolia price 32.00 0.00 -8.57
Source: Bloomberg Finance L.P.
Commodity USDPerformance
Daily Report6/13/2016
Index Country LastPerformance
News Rio Tinto eyeing $US6 billion copper deal in Mongolia Rio Tinto has sounded out potential partners for a $US6 billion-plus tilt at privatising its mammoth copper project in southern Mongolia. According to a report in the Sunday Times in London, investment bankers at Goldman Sachs
working for Rio Tinto have had discussions with potential co-investors in the New York-listed Turquoise Hill Resources. Rio already owns 51% of Turquoise Hill and is believed to be interested in privatising the business with the assistance of a partner. Rio and any partner would need to spend more than $US3 billion ($4.07
billion) to buy out the minority shareholders. Bloomberg Asia-Europe finance ministers, international organizations met in Ulaanbaatar The 12th biennial Asia-Europe Finance Ministers’ Meeting (ASEM FiNMM12) was held on June 9-10 in Ulaanbaatar, Mongolia, for ASEM member nations to discuss three part agenda on macroeconomic developments, financial stability and increased connectivity. At the end of Asia Europe Finance Ministers’ meeting, member nations adopted a communiqué in accordance with the discussed agenda and the closed the meeting with Mongolia announcing Bulgaria as the next host country for 13th Asia Europe Finance Ministers’ Meeting. http://mongolia.gogo.mn/r/153396 MSE suspends APU JSC and Suu JSC trading In accordance with 10-for-1 stock split of APU JSC and 1,000-for-1 stock split of Suu JSC, Mongolian Stock Exchange temporarily suspended trading of these two companies. Financial Regulatory Commission will set the resumption date. Mongolian Stock Exchange
MSE: Weekly trading report During the week of June 6th- 10th, total trade volume of Mongolian Stock Exchange reached MNT132,403,436.20 and average daily volume reached MNT26.5 million. 32,141 shares of 27 companies worth MNT121,897,153.20 were
traded. 20 units of government bond worth MNT2,110,000 were traded in the secondary bond market. http://mse.mn/Newsmore/mn/event/3359
World news
Symantec to Buy Cybersecurity Firm Blue Coat for $4.65 Billion Symantec Corp. is preparing to acquire Blue Coat Systems Inc. for $4.65 billion in cash, a deal that will beef up its cyberdefense technology and fill its vacant chief executive officer position. Blue Coat CEO Greg Clark will take the helm of the
combined company and join its board after the deal closes in the third quarter, both companies said in a statement. The transaction should help Symantec realize another $150 million in annual net cost savings, on top of an expected $400 million yearly expense reduction it had previously announced, they said. http://www.bloomberg.com/news/articles/2016-06-13/symantec-to-buy-cybersecurity-firm-blue-coat-for-4-65-billion
NEWS & UPDATES
Coal/China Import
Iron ore
Coal/China Import from Mongolia
Copper
Gold
Oil
13 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 27.940 USD -2.82 -4.05 152,009,900 5,404,508 5,379,476 52,182.12 44.190 21.885 Metals & Mining
Banpu 12.100 THB 0.83 -0.20 33,731,678 98,612,900 42,357,300 1,328.60 20.080 10.911 Oil, Gas & Consumable Fuels
Turquoise Hill Resources 2.880 USD -2.37 13.39 4,942,751 1,699,474 2,918,271 5,795.47 4.190 1.550 Metals & Mining
Areva 3.951 EUR -1.40 -27.16 42,874 9,563 10,785 1,701.36 8.879 3.260 Electrical Equipment
Mongolian Mining Corporation 0.091 HKD 0.00 -48.00 50,449 4,289,500 7,251,700 108.58 0.520 0.026 Metals & Mining
Centerra Gold 6.840 CAD -2.15 3.79 9,132,270 1,323,394 1,611,024 1,655.34 8.670 5.510 Metals & Mining
SouthGobi Resources 1.380 HKD 0.00 -42.50 26,354 147,650 110,460 45.81 5.960 1.240 Oil, Gas & Consumable Fuels
Mongolia Energy Corporation 0.175 HKD 0.00 -1.13 16,055 712,250 205,000 40.28 0.550 0.107 Oil, Gas & Consumable Fuels
Denison Mines 0.565 USD -2.59 13.45 280,595 493,190 763,743 301.47 0.821 0.350 Oil, Gas & Consumable Fuels
Genie Energy 7.390 USD -0.81 -32.72 303,440 40,802 38,544 182.02 14.748 6.271 Electric Utilities
Central Asia Metals 146.500 GBp 1.38 -4.48 439,914 211,716 47,042 231.72 188.000 121.250 Metals & Mining
Entrée Gold 0.310 USD -3.09 31.43 5,405 17,272 54,073 47.31 0.400 0.170 Metals & Mining
Xanadu Mines 0.200 AUD 0.00 81.82 14,279 99,000 231,374 66.37 0.260 0.073 Metals & Mining
Guildford coal / Terra Energy 0.004 AUD 50.00 -14.29 19,391 5,043,488 6,791,804 10.61 0.042 0.002 Oil, Gas & Consumable Fuels
Khan Resources 0.656 USD 0.00 163.30 37,726 57,500 116,630 55.20 0.670 0.237 Oil, Gas & Consumable Fuels
Aspire Mining 0.008 AUD 0.00 0.00 6,750 1,166,994 415,899 5.47 0.026 0.005 Metals & Mining
Prophecy Coal 1.890 CAD 0.00 -46.00 3,679 2,522 26,079 5.44 7.500 1.000 Oil, Gas & Consumable Fuels
Petro Matad Ltd 3.050 GBp 0.83 -2.40 0 2,413,833 5,406,307 12.43 9.875 1.875 Oil, Gas & Consumable Fuels
Mongolia Growth Group Ltd 0.430 CAD -5.49 26.47 0 208 38,913 21.63 0.970 0.330 Real Estate Management
Erdene Resources Development 0.370 CAD 0.00 118.75 37,383 135,999 248,234 31.90 0.550 0.110 Metals & Mining
General Mining Corp Ltd 0.840 AUD -2.89 229.41 710,979 1,126,492 3,503,129 196.94 0.905 0.038 Metals & Mining
Kincora Copper 0.040 CAD 0.00 100.00 12,537 400,000 273,766 9.81 0.055 0.015 Metals & Mining
Haranga Resources 0.002 AUD 0.00 -50.00 59 40,000 208,000 0.57 0.019 0.002 Metals & Mining
Wolf Petroleum 0.007 AUD 0.00 0.00 - - - 0.00 0.020 0.004 Oil, Gas & Consumable Fuels
Viking Mines 0.022 AUD 0.00 25.00 405 27,500 78,800 3.29 0.022 0.008 Metals & Mining
Parmelia Resources 0.084 AUD 0.00 86.67 8,371 143,554 38,511 7.44 0.098 0.020 Metals & Mining
Altan Rio Minerals 0.015 CAD 0.00 50.00 820 70,000 14,000 1.04 0.030 0.010 Metals & Mining
Eumeralla Resources 0.026 AUD 0.00 16.87 3,008 157,000 - 1.90 0.037 0.019 Metals & Mining
Draig Resources 0.027 AUD 0.00 8.89 497 25,000 69,841 2.13 0.035 0.015 Metals & Mining
Source: Bloomberg
MONGOLIAN STOCK MARKET - MSE TOP 20 INDEX 10/06/2016
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 11,089 -0.66 -14.02 6/10/2016 4,778 3,354 9,758 350,647,091 15,862 10,485 MSE Top 20 Index
APU JSC 3,970 -1.00 1.90 6/10/2016 4,167 2,070 234 149,554,852 4,149 3,252 Beverages-Wine/Spirits
Arig Gal JSC 1,900 0.00 -19.15 6/2/2016 - - - 3,352,286 2,560 1,800 Wool
Baganuur JSC 2,400 0.00 -2.83 6/10/2016 6 5 9 25,526,604 3,310 1,350 Coal
Bayangol Hotel JSC 36,000 0.00 -21.88 5/31/2016 - - - 10,254,821 50,000 36,000 Hotels&Motels
BDSec JSC 1,550 0.00 -20.06 5/12/2016 - - - - 2,000 1,300 Finance-Invest Bnkr/Brkr
Hermes Center JSC 120 0.00 -2.44 6/10/2016 22 369 - 5,177,784 149 105 Retail-Misc/Diversified
Gobi JSC 8,000 -0.12 -5.66 6/10/2016 252 62 20 31,647,566 12,000 7,010 Apparel Manufacturers
Darkhan Nekhii JSC 15,720 0.00 -13.86 6/8/2016 - - - 10,370,873 24,040 15,100 Apparel Manufacturers
Jenco Tour Bureau 60 0.00 -20.00 6/8/2016 - - - 3,042,596 100 60 Travel Services
Makh Impex 2,288 0.00 -19.44 6/8/2016 - - - 6,167,499 3,600 2,202 Food-Meat Products
Merex JSC 70 0.00 -5.41 5/16/2016 - - - - 93 68 Bldg Prod-Cement/Aggreg
Tavan Tolgoi JSC 1,400 -5.34 -52.54 6/10/2016 177 250 1 37,389,087 4,350 100 Coal
Talkh Chikher JSC 19,000 0.00 9.32 6/9/2016 - - 2 9,863,264 21,000 15,000 Food-Baking
UB-BUK JSC 25,700 0.00 -35.10 6/3/2016 - - - 20,012,297 40,200 25,000 Bldg Prod-Cement/Aggreg
State Department Store JSC 504 -3.45 -4.91 6/10/2016 153 598 - 9,407,280 885 480 Retail-Misc/Diversified
HB Oil JSC 336 0.00 -7.14 4/15/2016 - - - - 500 330 Oil Refining&Marketing
Khukh Gan JSC 55 0.00 -26.67 5/23/2016 - - - 2,807,287 145 55 Metal-Diversified
Sharyn Gol JSC 3,500 0.00 -9.14 5/26/2016 - - - - 8,600 2,000 Coal
Shivee Ovoo JSC 2,310 0.00 -34.43 6/8/2016 - - 87 15,719,129 5,870 2,190 Coal
E- Trans Logistics JSC 90 0.00 -25.00 4/15/2016 - - - - 120 86 Transport-Services
Source: Bloomberg
Gainers: % Latest News:
Guildford coal / Terra Energy 50.00 Appoints Cameron McRae, former CEO-President of Oyu Tolgoi, as Chairman
Central Asia Metals 1.38 Appoints Gavin Ferrar as Executive Director
Losers:
Mongolia Growth Group Ltd -5.49 No news
Tavan Tolgoi JSC -5.34 No news
313 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
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