2015-01-09

Daily Report
Report
Daily
|
NEWS & ANALYSIS

9 January 2015

2015.01.09
Performance

Index

Last

Country

MSE - Top20
DJIA
S&P 500
Nasdaq
S&P/TSX comp
FTSE 100
S&P/ASX 200
Hang Seng
Bloomberg/asia.pac

Change %
(Day)

14,633.70
17,584.52
2,025.90
4,650.47
14,285.00
6,419.83
5,380.80
23,681.26
184.70

MN
US
US
US
CN
UK
US
HK
ASIA

YTD change %

0.06
1.23
1.16
1.26
0.27
0.84
0.51
0.83
0.52

-1.54
-1.34
-1.60
-1.81
-2.37
-2.23
-0.56
0.32
0.34

COMMODITY PRICES

Performance

Last
USD

Commodity
Prime Coking Coal /Tianjin
Zinc Spot /LME
Iron Ore 58%/Tianjin
Copper Spot /LME
Oil
Gold Spot /LME
Silver Spot /LME

Change %
(Day)

136.81
2,122.50
68.80
6,182.50
48.75
1,213.89
16.56

YTD change %

-1.16
-1.87

-1.16
-2.05
-49.33
-2.91
-8.49
2.49
5.43

-0.62
0.21
0.20
0.17

MONGOLIAN ECONOMIC INDICATORS

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

Date

Last

2014.09
2014.09
2014.11
2014.11
July 31 ,2014

11,094
16,517
1,352.1
12.00

Last

Yield

YoY change
%
7.0
18.8
11.5
-41.5

DEBT MARKET

Amt.
issued mln
USD
DBM bond - 5.75
580
MMC bond - 8.875
600
Mongol 2018 - 4.125
500
Mongol 2022 - 5.125
1,000
TDBM 2015 - 8.5
300
TDBM 2015 - 12.5
25
TDBM 2017 - 10 dim sum
115
DBM bond - 1.52 sam.
290
Bonds - Coupon

96.50
66.50
92.33
85.89
99.50
98.44
96.81
104.35

Maturity date

7.505
30.818
6.864
7.401
9.231
13.089
11.478
0.985

3/21/2017
3/29/2017
1/5/2018
12/5/2022
9/20/2015
11/17/2015
1/21/2017
12/25/2023

INDICES CHANGE

Nikkei 225

-2.07

1.21

-2.93

0.51

Hang Seng

0.32

0.83
0.51

S&P/ASX 200

FTSE 100
S&P/TSX comp

http://www.wkrb13.com/markets/456703/central-asia-metalss-buy-rating-reiterated-at-finncap-caml/
Asian Stocks Extend Gains as Crude Rises; Dollar Falls
Asian stocks rose a second day, led by commodity producers, as U.S. crude oil headed for its longest
streak of gains since August. The dollar weakened from a 10-year high after a second Federal
Reserve official cautioned against raising interest rates this year. The MSCI Asia Pacific Index added
0.6 percent by 10:38 a.m. in Tokyo, paring its loss in the week to 0.7 percent as BHP Billiton Ltd.
(BHP), the worlds biggest mining company, rose 2.4 percent. Chinese stocks fell as producer prices
dropped the most since 2012. Standard & Poors 500 Index futures lost 0.2 percent. U.S. oil rose a
third day, gaining 0.5 percent. The Bloomberg Dollar Spot Index slipped 0.2 percent after Minneapolis
Fed President Narayana Kocherlakota said higher rates would hinder a recovery in inflation. A newyear selloff in global equities reversed in recent days after Fed meeting minutes indicated the bank
hadnt altered its view on rates and on the prospect of further euro-area stimulus. Kocherlakota joined
Chicago Fed President Charles Evans in warning against an increase to rates in 2015, with payrolls
data today projected to show unemployment falling to 5.7 percent. Chinas factory gate prices fell 3.3
percent in December, exceeding economists estimate for a 3.1 percent decline, data today showed.

-2.37

Nasdaq

1.26

DJIA

1.23

-1.81
-1.34

0.06

Volume

-1.54
YTD %

Change % (Day)
MSE TOP 5 MOST TRADED

Trade value '000

ETR

http://ubpost.mongolnews.mn/?p=12948
GLOBAL NEWS
Central Asia Metalss Buy Rating Reiterated at FinnCap (CAML)
FinnCap reiterated their buy rating on shares of Central Asia Metals (LON:CAML) in a research report
released on Tuesday morning. FinnCap currently has a GBX 286 ($4.38) price objective on the stock.
Central Asia Metals (LON:CAML) opened at 176.00 on Tuesday. Central Asia Metals has a one year
low of GBX 147.027 and a one year high of GBX 190.00. The stocks 50-day moving average is GBX
167.3 and its 200-day moving average is GBX 165.0. The companys market cap is 159.5
million.Central Asia Metals Plc (LON:CAML), formerly Central Asia Metals Limited, is a mining
exploration and development company.

-2.23

0.27

MSE - Top20

MTU starts tripartite negotiations

Yesterday, officials from the Mongolian Trade Union (MTU) reported that the tripartite negotiations on
labor and society between the MTU, the government, and the Mongolian Employers Federation
(MEF) for 2015 to 2016 will be held. President of the MTU Kh.Amgalanbaatar stated that there are
four major issues that should be decided through the negotiations. Items on the agenda include:
approving the law on indexing wages and pensions, and the law on pricing, increasing wages,
pensions and allowances (the MTU suggests increases at a minimum of 60 percent), ensuring
employment guarantees, supporting the MTUs contributions to measures against the economic crisis
and creating a joint working group. The tripartite negotiations were held yesterday at 3:00 p.m. at the
Ministry of Labor, and the MTUs President expressed his hope that the issues up for discussion will
be resolved in favor of the MTU.

http://www.bloomberg.com/news/2015-01-08/japan-futures-rise-as-s-p-500-erases-2015-decline-onfed.html

-0.56
0.84

http://english.news.mn/content/200559.shtml

Thousands

DAX

MONGOLIAN RELATED NEWS

Ovoot Coal confirmed as premium quality coking coal
It has been confirmed that 25-50 percent of Aspire Mining's Ovoot coking coal is primary coking,
according to China's coal classifications. This means the Mongolian blend has the same quality as
primary coal supplied by Australia, the USA, and Canada to the Chinese market. Several economic
indicators suggest that the demand for primary coking coal in China is likely to increase. Primary
coking coal supply from Mongolia to China is expected to reach 83 million tons by 2020, with an
increase of 32 million tons. It is estimated that the Ovoot coking coal deposit contains 255 million tons
of coal according to JORC reporting. The first phase of Ovoot production is planned for 2018 to
export five million tons of coal, with future plans to increase output to 10 million tons.

MSETOP Index

16,000

20,000

14,000

18,000
16,000

12,000

14,000

10,000

12,000

8,000

10,000

6,000

8,000

DHU

6,000

4,000

0.00%

250

4,000

2,000
January-15

December-14

October-14

July-14

August-14

May-14

June-14

April-14

March-14

January-14

October-13

July-13

August-13

May-13

November-14

6%

September-14

4%

February-14

2%

December-13

0%

November-13

1,500

September-13

1,000

June-13

5.45%
500

0
April-13

58

2,000

0
March-13

BNG

0.00%

January-13

1,260

February-13

BUK

9 January 2015

MONGOLIAN RELATED COMPANIES

YTD %

Trade value
000 USD

Market cap mln

USD/

52w high

52w low

Currency
cross

-2.27

-2.58

9,000.2

6,077.14

4.36

2.75

1.00

0.60

11.59

7,925.8

1,348.01

6.90

3.16

1.18

0.330

0.00

-2.94

598.1

394.18

0.84

0.32

7.75

CAD

1.100

0.00

-2.65

2,424.6

470.77

1.95

1.02

1.18

1733 HK Equity

HKD

0.270

0.00

5.88

207.7

131.38

0.55

0.25

7.75

MoEnCo

276 HK Equity

HKD

0.475

0.00

18.75

160.8

103.47

1.06

0.38

7.75

SouthGobi Resources

1878 HK Equity

HKD

3.800

0.00

-1.55

25.8

107.20

6.35

3.49

7.75

Central Asia Metals PLC

Name

Sym

Currency

Last

Turquoise Hill

TRQ US Equity

USD

3.020

Centerra Gold

CG CN Equity

CAD

6.740

MMC

975 HK Equity

HKD

Denison Mines Corp

DML CN Equity

Winsway Coking Coal Holdings Ltd

30 day graphic

Chg day
%

CAML LN Equity

GBp

174.000

-0.57

-4.92

2,690.3

292.80

190.00

148.00

0.66

Mongolia Investment Group Ltd

402 HK Equity

HKD

0.290

0.00

-13.43

690.4

251.35

0.38

0.16

7.75

Mongolia Growth Group

YAK CN Equity

CAD

0.700

0.00

-5.41

8.4

20.64

3.07

0.68

1.18

61 HK Equity

HKD

0.149

0.00

0.68

22.5

116.86

0.21

0.10

7.75

Guildford Coal Ltd

GUF AU Equity

AUD

0.035

0.00

-2.78

8.7

26.02

0.11

0.03

1.23

Origo Partners PLC

OPP LN Equity

GBp

6.125

0.00

0.00

0.0

33.01

8.25

6.13

0.66

Entree Gold Inc

ETG CN Equity

CAD

0.210

-8.70

2.44

13.1

26.11

0.52

0.18

1.18

Aspire Mining Ltd

AKM AU Equity

AUD

0.033

-2.94

0.00

3.7

18.81

0.07

0.03

1.23

Prophecy Coal Corp

PCY CN Equity

CAD

0.060

-7.69

20.00

0.5

12.79

0.11

0.04

1.18

FeOre Ltd

FEO AU Equity

AUD

0.026

0.00

0.00

1.2

11.15

0.08

0.02

1.23

Petro Matad Ltd

MATD LN Equity

GBp

2.375

5.56

11.76

439.8

10.03

11.50

2.00

0.66

Xanadu Mines Ltd

XAM AU Equity

AUD

0.095

0.00

-5.00

0.1

27.97

0.18

0.03

1.23

Haranga Resources Ltd

HAR AU Equity

AUD

0.013

0.00

-7.14

1.0

3.60

0.09

0.01

1.23

Wolf Petroleum Ltd

WOF AU Equity

AUD

0.040

0.00

-11.11

6.5

9.70

0.08

0.03

1.23

Manas Petroleum Corp

MNAP US Equity

USD

0.060

0.00

-33.29

5.6

10.02

0.17

0.04

1.00

KRI CN Equity

CAD

0.410

0.00

-15.46

0.3

23.63

0.49

0.21

1.18

East Asia Minerals Corp

EAS CN Equity

CAD

0.020

100.00

100.00

0.6

1.95

0.11

0.01

1.23

Erdene Resource Development Corp

ERD CN Equity

CAD

0.125

13.64

19.05

0.1

8.74

0.26

0.09

1.18

Modun Resources Ltd

MOU AU Equity

AUD

0.004

0.00

33.33

10.0

5.75

0.01

0.00

1.23

Kincora Copper Ltd

KCC CN Equity

CAD

0.025

0.00

0.00

1.0

6.55

0.09

0.02

1.18

General Mining Corp Ltd

GMM AU Equity

AUD

0.005

0.00

0.00

0.0

0.54

0.02

0.01

1.23

Draig Resources Ltd

DRG AU Equity

AUD

0.016

0.00

23.08

0.8

0.86

0.04

0.01

1.23

Newera Resouces Ltd

NRU AU Equity

AUD

0.002

0.00

0.00

0.4

1.98

0.01

0.00

1.23

Blina Minerals NL

BDI AU Equity

AUD

0.001

0.00

0.00

0.0

1.30

0.00

0.00

1.23

North Asia Resources Holdings Ltd

Khan Resources Inc.

Source: Bloomberg

MONGOLIAN STOCK MARKET

8 January 2015
TOP20 index

18

JSC's

was

14,633.70

78,696

shares

worth

Change day

13.93

mln

MNT

0.06%

YTD

-1.54%

have

Company name

Trade volume

Trade value
'000

Last

Chg day

Chg day %

Buy
volume

Buy price Sell price

Sell volume

MRX

1,500

135

90

0.00%

2000

85

90

8140

ADL

1550

0.00%

47

1451

1550

3877

BNG

58

58000

3000

5.45%

92

55000

58000

91

BUK

30

1,260

42000

0.00%

13

42040

43000

50

DHU

50

250

5000

0.00%

4995

140

ETR

10

99

0.00%

960

90

98

30000

HGN

25,396

2,514

99

-1

-1.00%

2400

95

99

4604

HRM

46,000

7,360

160

0.00%

65

155

169

4000

JTB

5,236

471

89.96

1.08%

65

84

90

3509

MCH

10

14

1379

0.36%

20

1170

1500

81

MDR

27

13

490

-5

-1.01%

50

421

490

286

MVO

41

109

2670

70

2.69%

2670

2800

22

NEH

24

420

17510

10

0.06%

547

17510

20100

OLL

10

111

0.00%

111

11692

RMC
TTL
UYN
BNB

10
308
30
10

1
1,284
32
7

99
4168
1050
650

0
-32
0
-39

0.00%
-0.76%
0.00%
-5.66%

2152
100
265
40

96
4010
950
587

99
4300
1050
650

2934
99
30
385

been

traded.

9 January 2015

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.
0
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 Banks team of seasoned banking and
investment professionals.
Contact
Sukhbaatar Square, Ulaanbaatar 210620A, Mongolia
Fax: +976-70117676 /1402/
E-mail: ibd@golomtbank.com
Website: www.golomtbank.com

Disclaimer
2014.09
2702.1
This
document has
been prepared by the investment banking division of Golomt Bank for information purpose only. The views
2013.06are the7591
expressed
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
13606.65
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
3250 for you of the securities/transactions before investing
independently determine, with your own advisors, the appropriateness
or transacting.

92.333