2014-12-09

Daily Report
Report
Daily
|
NEWS & ANALYSIS

9 December 2014

2014.12.09
Performance

Index

Country

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

MN
US
US
US
CN
UK
US
HK
ASIA

Last

Change %
(Day)

15,093.83
17,852.48
2,060.31
4,740.69
14,144.17
6,672.15
5,307.40
23,910.41
182.38

YTD change %

0.35
-0.59
-0.73
-0.84
-2.28
-1.05
-1.22
-0.57
-0.34

-7.41
7.70
11.47
13.51
3.84
-1.14
-0.84
2.59
8.47

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)

139.03
2,206.75
73.13
6,458.25
62.83
1,201.25
16.35

YTD change %

0.00
-1.01

-26.50
7.49
-46.14
-12.44
-36.16
-0.03
-16.04

-0.87
-0.35
-0.19
-0.12

MONGOLIAN ECONOMIC INDICATORS

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

Date

Last

2014.07
2014.07
2014.10
2014.09
July 31 ,2014

9,857
6,635
1,542.7
12.00

Last

Yield

YoY change
%
5.3
14.6
12.1
-42.4

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

97.50
68.48
94.97
89.68
99.88
100.00
97.80
103.28

Maturity date

6.950
28.446
5.784
6.728
8.639
12.184
10.937
1.130

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
9.76

-0.30

Nikkei 225
DAX

4.85

-0.72

Hang Seng

2.59

-0.57

S&P/ASX 200

-1.22

FTSE 100

-0.84

-1.14

-1.05

S&P/TSX comp

3.84

MONGOLIAN RELATED NEWS

MONGOLIA AT ARF INTER-SESSIONAL SUPPORT GROUP MEETING
A delegation led by Mr Ch.Bayarmonh, a head of the Asia-Pacific Department of the Ministry of
External Relations and Economic Cooperation, participated in the ASEAN Regional Forum InterSessional Support Group Meeting on conference building measures and preventive diplomacy on
December 2-3 in Melaka of Malaysia, reported on Monday Mongolias Ministry. Mr Bayarmonkh
presented Mongolias concept on its nuclear weapon-free status. He said Mongolia discussed its
nuclear weapon-free status for the first time at the regional level during a meeting last July in Tokyo,
Japan, considering that this status is one of the vital factors of ensuring the stability and security in
the Asia-Pacific region. He added that Mongolia proposes holding a regional consultative meeting
next year in Ulaanbaatar. This years ARF meeting approved its agendas for the next meeting,
including follow-up meetings on Mongolias status such as conference of chief officials and Ministers.
It means that a big opportunity has opened to deliver the nuclear weapon-free status of Mongolia to
the center of attention of the regional security dialogue and to collaborate with ARF countries in the
issue. Joining 27 countries including Mongolia, the ARF is a mechanism of talks on the political and
security in the Asia-Pacific region. The ARFs objectives are outlined in the First ARF Chairman's
Statement (1994) to foster constructive dialogue and consultation on political and security issues of
common interest and concern; and to make significant contributions to efforts towards confidencebuilding and preventive diplomacy in the Asia-Pacific region.
http://en.montsame.mn/politics/item/9402-mongolia-at-arf-inter-sessional-support-group-meeting
SouthGobi Resources Receives Deferral of Payment on Amounts Owing on Turquoise Hill
Facility
SouthGobi Resources Ltd. (TSX: SGQ,HKEX:1878) announced that it has received an extension
from Turquoise Hill Resources Ltd. (TSX:TRQ,NYSE:TRQ) for the amounts owing on a US$10million revolving credit facility provided to the company. However, the deferral is subject to certain
conditions and limitations, including the completion by April 30, 2015 of the transaction contemplated
by the Sale and Purchase Agreement between Turquoise Hill and National United Resources Ltd., as
amended by an agreement dated December 2, 2014. As quoted in the press release: On December
4, 2014, Turquoise Hill agreed on a limited deferral of repayment on the US $3.8million principal
owing on the Turquoise Hill Facility as follows: US$1.9 million in principal and all interest that has
accrued on and under the Turquoise Hill Facility up to and including May 30, 2015 shall become due
and payable on May 30, 2015; and US$1.9 million in principal and all interest that has accrued on and
under the Turquoise Hill Facility from June 1, 2015 up to and including August 31, 2015 shall become
due and payable on August 31, 2015.
http://resourceinvestingnews.com/79171-southgobi-resources-receives-deferral-of-payment-onamounts-owing-on-turquoise-hill-facility.html
GLOBAL NEWS
Asian Stocks Follow U.S. Shares Lower as Oil Slides, Yen Gains
Asian stocks fell, after U.S. shares dropped the most in almost seven weeks, as oil extended its
decline and a stronger yen weighed on Japanese exporters. The MSCI Asia Pacific Index (MXAP) slid
0.3 percent to 139.70 as of 9:06 a.m. in Tokyo after adding 0.1 percent yesterday. Japans Topix
(TPX) index decreased 0.7 percent after the yen added 0.6 percent against the dollar yesterday. Brent
crude and West Texas Intermediate slumped to five-year lows. South Koreas Kospi index slipped 0.1
percent. Australias S&P/ASX 200 Index sank 0.7 percent, while New Zealands NZX 50 Index was
little changed. Markets in China and Hong Kong are yet to open. The Shanghai Composite Index
yesterday topped 3,000 for the first time since 2011 as brokerages surged on bets the world-beating
stock rally will continue. Futures on Hong Kongs Hang Seng Index fell 0.1 percent in their most
recent trading session, and contracts on the Hang Seng China Enterprises Index lost 0.5 percent.
Futures on the Standard & Poors 500 Index gained 0.1 percent today. The equity measure slid 0.7
percent yesterday, the most since Oct. 22, retreating from a record high as energy shares led
declines. WTI slipped 0.2 percent to $62.93 a barrel today after dropping 4.2 percent yesterday to its
lowest since July 2009 amid concern hedge funds and other money managers bet too much on rising
prices. Both Brent and WTI tumbled 18 percent in November as OPEC decided to maintain its output
target.
http://www.bloomberg.com/news/2014-12-09/asian-stocks-follow-u-s-shares-lower-as-oil-slides-yengains.html

-2.28
-0.84

13.51

-0.59

DJIA
MSE - Top20

7.70
0.35

Change % (Day)

-7.41

Volume

YTD %

Thousands

Nasdaq

MSE TOP 5 MOST TRADED

Trade value '000

UID

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

TAV

6,000

4,000

-1.64%

5,790

4,000

2,000
0.00%

4%

October-14

July-14

August-14

May-14

June-14

April-14

March-14

January-14

October-13

July-13

August-13

May-13

December-14

2%

November-14

0%

September-14

-2%

June-13

-0.14%

February-14

15,000

December-13

10,000

November-13

5,000

September-13

April-13

10,101

0
March-13

HBO

2,000

0
January-13

110

February-13

HGN

9 December 2014

MONGOLIAN RELATED COMPANIES

Trade value 000 Market cap mln
USD
USD/

52w high

52w low

Currency
cross

-8.48

10,242.8

6,077.14

4.36

2.93

1.00

25.46

5,380.4

1,115.04

6.90

3.16

1.15

0.00

-40.75

182.7

495.93

0.84

0.33

7.75

1.120

-1.75

-13.18

1,016.6

493.06

1.95

1.02

1.15

HKD

0.315

0.00

-35.71

0.1

153.34

0.55

0.31

7.75

276 HK Equity

HKD

0.530

0.00

-45.47

136.9

115.50

1.06

0.51

7.75

SouthGobi Resources

1878 HK Equity

HKD

3.750

0.00

-45.49

79.5

105.83

8.21

3.60

7.75

Central Asia Metals PLC

CAML LN Equity

GBp

162.500

-1.22

15.25

18,682.0

282.99

190.00

141.00

0.64

Mongolia Investment Group Ltd

402 HK Equity

HKD

0.232

0.00

-20.00

956.5

200.59

0.38

0.16

7.75

Mongolia Growth Group

YAK CN Equity

CAD

1.140

14.00

-49.78

100.5

34.57

3.07

0.93

1.15

North Asia Resources Holdings Ltd

61 HK Equity

HKD

0.147

0.00

-19.23

12.8

114.45

0.21

0.10

7.75

Guildford Coal Ltd

GUF AU Equity

AUD

0.040

2.56

-51.73

3.6

30.34

0.11

0.04

1.21

Origo Partners PLC

OPP LN Equity

GBp

6.938

0.00

-5.93

1,085.2

38.71

8.25

6.88

0.64

Entree Gold Inc

ETG CN Equity

CAD

0.225

2.27

-27.42

16.6

28.78

0.52

0.18

1.15

Aspire Mining Ltd

AKM AU Equity

AUD

0.032

3.23

-42.86

43.1

18.61

0.07

0.03

1.21

Prophecy Coal Corp

PCY CN Equity

CAD

0.055

0.00

-31.25

3.7

12.06

0.11

0.04

1.15

FeOre Ltd

FEO AU Equity

AUD

0.028

0.00

-31.71

2.3

12.25

0.08

0.02

1.21

Petro Matad Ltd

MATD LN Equity

GBp

2.750

0.00

-26.67

73.0

12.02

11.50

2.00

0.64

Xanadu Mines Ltd

XAM AU Equity

AUD

0.090

-10.00

80.00

3.1

27.78

0.18

0.03

1.21

Haranga Resources Ltd

HAR AU Equity

AUD

0.011

10.00

-82.26

5.2

2.38

0.09

0.01

1.21

Wolf Petroleum Ltd

WOF AU Equity

AUD

0.049

0.00

-30.00

8.5

10.93

0.08

0.03

1.21

Manas Petroleum Corp

MNAP US Equity

USD

0.119

5.87

73.72

15.0

19.87

0.17

0.04

1.00

Khan Resources Inc.

KRI CN Equity

CAD

0.380

-7.32

33.33

87.3

22.53

0.45

0.20

1.15

Voyager Resources Ltd

VOR AU Equity

AUD

0.002

0.00

#N/A N/A

0.1

#VALUE!

#N/A N/A

#N/A N/A

1.21

East Asia Minerals Corp

EAS CN Equity

CAD

0.010

100.00

-75.00

32.1

0.91

0.11

0.01

1.21

Erdene Resource Development Corp

ERD CN Equity

CAD

0.100

0.00

-28.57

1.0

7.17

0.26

0.08

1.15

Modun Resources Ltd

MOU AU Equity

AUD

0.003

-14.29

-25.00

15.6

4.40

0.01

0.00

1.21

Kincora Copper Ltd

KCC CN Equity

CAD

0.025

0.00

0.00

0.4

6.74

0.09

0.02

1.15

General Mining Corp Ltd

GMM AU Equity

AUD

0.007

0.00

-58.82

0.1

0.78

0.02

0.01

1.21

Draig Resources Ltd

DRG AU Equity

AUD

0.015

-6.25

-57.14

0.6

0.82

0.04

0.01

1.21

Newera Resouces Ltd

NRU AU Equity

AUD

0.001

0.00

-83.33

0.2

1.01

0.01

0.00

1.21

Blina Minerals NL

BDI AU Equity

AUD

0.001

0.00

0.00

3.6

1.33

0.00

0.00

1.21

30 day graphic

Name

Sym

Currency

Last

Chg day %

Turquoise Hill

TRQ US Equity

USD

3.020

-2.89

Centerra Gold

CG CN Equity

CAD

5.420

0.18

MMC

975 HK Equity

HKD

0.415

Denison Mines Corp

DML CN Equity

CAD

Winsway Coking Coal Holdings Ltd

1733 HK Equity

MoEnCo

YTD %

Source: Bloomberg
MONGOLIAN STOCK MARKET
8 December 2014

JSC's

TOP20 index

was

15,093.83

20,936

shares

worth

Change day

17.83

mln

MNT

0.35%

YTD

-7.41%

have

Company name

Trade volume

Trade value
'000

Last

Chg day

Chg day %

Buy
volume

Buy price Sell price

Sell volume

APU

86

325

3,779

29

0.77%

48

3,750

3,779

40

GOV

115

851

7,400

0.00%

155

7,400

7,500

2,059

HBO

17,000

10,101

594

-1

-0.14%

135

510

595

4,538

HGN

1,000

110

110

0.00%

285

105

110

3,405

TAV

193

5,790

30,000

-500

-1.64%

10

30,000

35,000

122

UID

15

576

14

2.55%

95

570

579

30

DLG

50

189

3,780

-520

-12.09%

4,800

68

HHC

69

170

2,470

-430

-14.83%

2,900

20

MRX

2,408

231

96

0.82%

9,248

90

100

474

been

traded.

9 December 2014

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
3779 for you of the securities/transactions before investing
independently determine, with your own advisors, the appropriateness
or transacting.