WORLD INDICES

Change %
(Day)
YTD change %
MSE - Top20 MN 15,696.18 -0.16 -3.72
DJIA US 16,659.25 -1.97 0.50
S&P 500 US 1,928.21 -2.07 4.32
Nasdaq US 4,378.34 -2.02 4.83
S&P/TSX comp CN 14,460.60 -1.40 6.16
FTSE 100 UK 6,431.85 -0.78 -4.70
S&P/ASX 200 US 5,206.80 -1.70 -2.72
Hang Seng HK 23,534.53 1.17 0.98
Bloomberg/asia.pac ASIA 171.81 -0.58 2.18
COMMODITY PRICES
Change %
(Day)
YTD change %
Prime Coking Coal /Tianjin 140.28 0.00 -26.50
Zinc Spot /LME 2,327.75 0.74 13.38
Iron Ore 58%/Tianjin
Copper Spot /LME 6,777.00 1.34 -8.12
Oil 85.77 -1.76 -12.85
Gold Spot /LME 1,223.55 -0.06 1.82
Silver Spot /LME 17.34 -0.14 -10.93
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 97.65 6.812 3/21/2017
MMC bond - 8.875 600 65.25 29.826 3/29/2017
Mongol 2018 - 4.125 500 94.96 5.644 1/5/2018
Mongol 2022 - 5.125 1,000 89.46 6.738 12/5/2022
TDBM 2015 - 8.5 300 99.52 9.037 9/20/2015
TDBM 2015 - 12.5 25 99.50 12.724 11/17/2015
TDBM 2017 - 10 dim sum 115 98.02 10.739 1/21/2017
DBM bond - 1.52 sam. 290 103.46 1.116 12/25/2023
INDICES CHANGE
MSE TOP 5 MOST TRADED
Trade value '000
MONGOLIAN RELATED NEWS
World Bank Update for Asia and Mongolia
In its biannual report, the World Bank found the developing East Asia Pacificin which Mongolia is
includedto be the fastest growing region in the world. Although the growth of countries in East Asia
Pacific, excluding China, is projected to slow to 4.8 percent this year, it will accelerate to 5.3 percent
in 2015. The World Bank forecasts a fast recovery of growth, as high-income economies mend from
the global recession and increase their demand for exports from the region. With a rise in exports
accompanied by positive domestic economic adjustments, the report states that how each country
benefits from the global recovery will depend on their investment and export environment. Yet
countries in the region remain vulnerable to global recovery instabilities, and a potential slowdown in
Chinas economic activity could severely hurt commodity exporters like Mongolia. Although the
Mongolian economy has great potential in the long-termdue to the countrys vast natural
resourcesthere are still many alarming challenges that it must confront today. After several years of
double-digit performance, Mongolias economic growth dropped alarmingly from 14.4 percent in H2
2013 to 5.3 percent in H1 2014. The final projection for 2014 is 6.3 percent growth, down from the 9,5
percent projected by the World Bank in its April 2014 update. The October 2014 report concludes the
drop in growth is the result of years of accumulation of flawed policy measures. Despite the
slowdown, Mongolia, at 6.3 percent, will still maintain above-average growth compared to the rest of
the region.
http://mad-intelligence.com/world-bank-update-for-asia-and-mongolia/
MONGOLIA-FINLAND INTERGOVERNMENTAL COMMISSION MEETS
The 12th meeting of the Mongolia-Finland intergovernmental commission for the economic, scientific,
social and technical cooperation ran Thursday in the Ministry of Foreign Affairs in Ulaanbaatar. The
commission meeting was co-chaired by S.Erdene, Mongolias Minister of Population Development
and Social Welfare, and by Matti Anttonen, the Deputy State Secretary of the Finlands Ministry of
Foreign Affairs for external economic affairs. The parties concluded an implementation of the
decisions made at the previous intergovernmental meeting, and considered issues of expanding the
relations and cooperation. They shared views on widening the cooperation in population
development, social welfare, trade, economy, infrastructure, agriculture, health, environment,
education, defense and justice spheres and discussed future projects. At the meeting, the sides also
agreed to establish a memorandum on cooperation in four spheres.
http://news_en.montsame.mn/politics/item/8625-mongolia-finland-intergovernmental-commission-
meets
GLOBAL NEWS
Asian Stocks Extend Selloff on Europe as Oil Extends Drop
Asian stocks slid with U.S. index futures, extending a global equity selloff amid concern Europes
slowdown will hobble the world economy and as Hong Kongs government scrapped talks with
protesters. The yen held gains as copper fell and crude oil continued its slump. The MSCI Asia
Pacific Index sank 1.1 percent by 9:12 a.m. in Tokyo, set for its lowest close since May as Japans
Topix index (TPX) tumbled 1.8 percent. Standard & Poors 500 Index futures fell 0.4 percent after the
U.S. measure sank the most since April and a gauge of expected share swings soared to an eight-
month high. The yen was set for its first weekly gain since August as copper lost 0.6 percent. Oil in
New York and London slid more than 1 percent in a fourth day of declines. Investors avoided riskier
assets after European Central Bank President Mario Draghi said there are signs the regions recovery
is losing momentum, while four economic institutes said Germany is on the edge of a recession.
Minutes of the Federal Reserves last gathering, published this week, showed policy makers saw
risks to the U.S. outlook from slowing world growth. Hong Kong canceled talks after protest leaders
called more rallies. Chinese credit data may be issued as soon as today. Australias S&P/ASX 200
Index (AS51) slumped 2 percent, on track for its biggest one-day drop since June, while the Kospi
gauge in Seoul retreated 0.9 percent, resuming trade after a holiday yesterday. Taiwan is closed
today.
http://www.bloomberg.com/news/2014-10-09/index-futures-slip-as-stocks-slump-while-oil-extends-
drop.html
2014-10-10
10 October 2014
Daily Report
Performance
Last Country Index
Indicator
Performance
Last
USD
Commodity
NEWS & ANALYSIS
-3.72
0.50
4.83
6.16
-4.70
-2.72
0.98
-5.73
-5.88
YTD %
-0.16
-1.97
-2.02
-1.40
-0.78
-1.70
1.17
0.11
-0.94
MSE - Top20
DJIA
Nasdaq
S&P/TSX comp
FTSE 100
S&P/ASX 200
Hang Seng
DAX
Nikkei 225
Change % (Day)
1,295
560
350
102
3
0 500 1,000 1,500
NEH
MIE
TTL
SHG
MRX
0.00%
0.00%
-0.99%
-2% -1% -1% 0%
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
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2,000
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Volume MSETOP Index
Daily Report | 2014.10.10

10 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 3.680 -3.92 11.52 5,671.9 7,405.26 4.36 3.01 1.00
Centerra Gold CG CN Equity CAD 5.550 0.91 28.47 7,035.7 1,172.80 6.90 2.82 1.12
MMC 975 HK Equity HKD 0.940 8.05 -8.74 1,775.5 449.01 1.43 0.48 7.76
Denison Mines Corp DML CN Equity CAD 1.130 -0.88 -12.40 1,584.0 510.55 1.95 1.02 1.12
Winsway Coking Coal Holdings Ltd 1733 HK Equity HKD 0.380 2.70 -22.45 92.3 184.85 0.69 0.31 7.76
MoEnCo 276 HK Equity HKD 0.173 -1.14 -28.81 129.2 150.70 0.29 0.15 7.76
SouthGobi Resources 1878 HK Equity HKD 4.730 1.28 -31.25 39.6 114.23 9.90 4.38 7.76
Central Asia Metals PLC CAML LN Equity GBp 161.750 -1.67 14.72 10,402.7 287.84 190.00 134.75 0.62
Mongolia Investment Group Ltd 402 HK Equity HKD 0.315 21.15 8.62 17,364.3 271.92 0.41 0.16 7.76
Mongolia Growth Group YAK CN Equity CAD 1.810 -2.16 -20.26 8.1 56.30 3.07 1.71 1.12
North Asia Resources Holdings Ltd 61 HK Equity HKD 0.161 -1.83 -11.54 168.4 84.07 0.21 0.10 7.76
Guildford Coal Ltd GUF AU Equity AUD 0.040 -2.44 -51.73 6.2 29.59 0.14 0.04 1.14
Origo Partners PLC OPP LN Equity GBp 7.625 0.00 3.39 676.0 43.84 9.50 6.63 0.62
Entree Gold Inc ETG CN Equity CAD 0.260 -1.89 -16.13 17.6 34.16 0.53 0.26 1.12
Aspire Mining Ltd AKM AU Equity AUD 0.042 0.00 -25.00 #VALUE! 25.82 0.08 0.03 1.14
Prophecy Coal Corp PCY CN Equity CAD 0.050 0.00 -37.50 3.3 11.26 0.13 0.04 1.12
FeOre Ltd FEO AU Equity AUD 0.055 0.00 34.15 0.4 25.47 0.08 0.03 1.14
Petro Matad Ltd MATD LN Equity GBp 2.875 0.00 -23.33 52.3 12.95 11.50 2.63 0.62
Xanadu Mines Ltd XAM AU Equity AUD 0.110 0.00 120.00 0.0 23.26 0.18 0.03 1.14
Haranga Resources Ltd HAR AU Equity AUD 0.020 0.00 -67.74 1.7 4.23 0.09 0.02 1.14
Wolf Petroleum Ltd WOF AU Equity AUD 0.065 20.37 -7.14 28.6 14.90 0.09 0.03 1.14
Manas Petroleum Corp MNAP US Equity USD 0.130 8.33 89.78 16.8 22.44 0.17 0.04 1.00
KRI CN Equity CAD 0.400 2.56 40.35 32.9 24.36 0.45 0.17 1.12
Voyager Resources Ltd VOR AU Equity AUD 0.002 0.00 -50.00 3.5 2.71 0.01 0.00 1.14
East Asia Minerals Corp EAS CN Equity CAD 0.035 16.67 -12.50 0.2 3.38 0.11 0.03 1.14
Erdene Resource Development Corp ERD CN Equity CAD 0.120 -7.69 -14.29 2.5 8.04 0.26 0.07 1.12
Modun Resources Ltd MOU AU Equity AUD 0.003 0.00 -25.00 0.2 4.26 0.01 0.00 1.14
Kincora Copper Ltd KCC CN Equity CAD 0.045 12.50 80.00 0.4 12.46 0.09 0.02 1.12
General Mining Corp Ltd GMM AU Equity AUD 0.007 0.00 -58.82 0.1 0.82 0.03 0.01 1.14
Draig Resources Ltd DRG AU Equity AUD 0.015 0.00 -57.14 2.8 0.87 0.04 0.01 1.14
Newera Resouces Ltd NRU AU Equity AUD 0.002 0.00 -66.67 6.3 2.06 0.01 0.00 1.14
Blina Minerals NL BDI AU Equity AUD 0.001 0.00 0.00 0.0 1.30 0.00 0.00 1.14
Source: Bloomberg
MONGOLIAN STOCK MARKET
9 October 2014 7 JSC's 1,082 shares worth 13.84 mln MNT have been
traded.
TOP20 index was 15,696.18 -0.16% YTD -3.72%
Company name Trade volume
Trade
value '000
Last Chg day Chg day %
Buy
volume
Buy price Sell price Sell volume
TCK 380 7600 20000 0 0.00% 24 20000 20800 10
GOV 485 3928.5 8100 0 0.00% 37 8100 8190 20
NEH 70 1295 18500 0 0.00% 100 17500 19000 10
MIE 32 560 17500 0 0.00% 90 16560 18000 85
TTL 70 350 5000 -50 -0.99% 100 4951 5000 9
SHG 15 102 6800 0 0.00% 5 6800 6900 20
MRX 30 2.85 95 0 0.00% 2662 90 95 6438
Change day
30 day graphic
3
0
2013.06 2702.1
2013.06 7591
13606.65
3750
10 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
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Contact

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