Daily Report

Mongolian Economic Indicators

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

Date
3/31/2016
3/31/2016
4/30/2016
4/30/2016
5/5/2016
4/30/2016
12/31/2015

Last
4,706
2,938
2.1
1,415.9
10.50
124.70
8.30

%YoY
2.00
3.10
-77.17
23.34
-2.50
196.90
7.80

NEWS & UPDATES

6/2/2016

News
Buuruljuut power plant investment agreement signed
On May 31, 2016, US$1.1 billion investment agreement of Integrated Project of
the Buuruljuut Power Plant and Mine was signed. The 600MW mine-mouth
power plant is located 120km from Ulaanbaatar city and is expected to start
operating in 2019 by supplying 30% of Mongolia's total electricity production.

http://www.news.mn/r/304564

FX Market
Currency
USD/MNT
CNY/MNT
RUB/MNT
EUR/MNT
JPY/MNT
EUR/USD
USD/JPY

Last
1,991.00
302.80
29.68
2,228.11
18.20
1.1188
109.41

Debt Markets
Bonds - Coupon
DBM bond - 5.75
DBM bond - 1.52 samurai
Mongol 2018 - 4.125
Mongol 2022 - 5.125
Mongol 2018 - 7.5 dim sum
Mongol 2021- 10.875
TDBM 2017 - 10 dim sum
TDBM bond - 9.375
MMC bond - 8.875

Amt.
issued mln
USD
580
274
500
1,000
152
500
106
500
600

%DoD

MSE - TOP 20
DJIA
S&P 500
S&P/TSX comp
FTSE 100
S&P/ASX 200
Hang Seng
MICEX/ Moscow Index 50
Shanghai Composite Index
Bloomberg/Asia Pacific. World

Country

98.50
103.55
96.23
80.27
90.46
103.21
99.37
96.00
24.00

MN
US
US
US
UK
AUS
CN
RUS
RUS
ASIA

Last
11,042.48
17,789.67
2,099.33
14,063.54
6,191.93
5,311.50
20,760.98
1,893.18
2,913.51
168.33

Commodity Prices
Commodity
Copper Spot /LME
Oil
Gold Spot /LME
Silver Spot /LME
Iron Ore 58%/Tianjin
Prime Coking Coal/China Import
Prime Coking Coal China Import
from Mongolia price

USD
4,632.00
48.76
1,211.78
15.94
USD
59.58
63.00

%MoM

0.33
0.51
2.38
-0.35
-0.46
0.66
0.82

Last

World Indices
Index

%WoW

0.28
0.28
0.44
0.25
0.15
0.00
0.12

1.16
2.53
4.22
4.14
3.98
-3.00
-2.74

Yield

Maturity
date

7.722
1.005
6.449
9.132
12.501
9.917
10.273
10.638
295.126

3/21/2017
12/25/2023
1/5/2018
12/5/2022
6/30/2018
4/6/2021
1/21/2017
5/19/2020
3/29/2017

Performance
%DoD
YTD%
0.00
-14.38
0.01
2.09
0.11
2.71
-0.02
8.10
-0.62
-0.81
-0.22
0.29
-0.26
-5.26
-0.31
7.48
-0.11
-17.68
-0.20
-7.60

Performance
%DoD
YTD%
-1.38
-1.57
-0.51
31.64
-0.10
14.20
-0.14
15.08
%MoM
YTD%
7.31
50.45
-5.97
1.61

32.00

0.00
Coal/China
Import

Iron ore
Coal/China Import
from Mongolia

Copper

Gold

Oil

Source: Bloomberg Finance L.P.

-8.57

FRC register two close-ended funds

Financial Regulatory Commission (FRC) registered two close-ended funds,
"Nomad fund" and "Khan trust" of "Nomad Capital" LLC. Moreover, total of 11
asset management companies obtained its license from the FRC.
http://www.marketinfo.mn/news/detail/743
Erdene Announces $500,000 Private Placement
Erdene Resource Development Corp. (TSX:ERD) announced a non-brokered
private placement by issuing 1,063,830 shares to Teck Resources Limited at
$0.47 for gross proceeds of $500,000. This fulfills Tecks annual equity investment
obligation pursuant to the Strategic Alliance between Erdene and Teck announced
by Erdene on April 11, 2013. Net proceeds of the Private Placement will be used
for exploration of the Company's Teck-Alliance projects in Mongolia. The Private
Placement is expected to close on or before June 15, 2016.

Erdene Resource Development Corp. News Releases

Kincora announces $4 million private placement and debt conversion
Kincora Copper Limited (TSXV:KCC) announced private placement of $2 million
through the issuance of 5,333,333 shares at $0.375 to High Power Exploration
Inc. Concurrent with the Ibex mergers and the proposed $2 million non-brokered
price placement, Kincora has received commitment from its largest shareholder,
Origo Partners Plc, to convert the $2,000,000 convertible note outstanding into
equity on the same terms as the private placement, resulting in Kincora having a
debt free balance sheet.
Kincora Copper Limited News Releases
World news
Copper, Mining Shares Drop as China Factory Data Dims Outlook
Copper dropped and mining stocks retreated after a Chinese factory gauge
contracted and the Organisation for Economic Cooperation and Development
(OECD) warned that the global recovery is set to stall this year. A private index
Wednesday showed a 15th straight month of contraction in May for Chinese
manufacturing, while the OECD said the world economy is slipping into a selffulfilling low-growth trap. Manufacturing in the 19-nation euro area barely grew
last month. Copper for delivery in three months dropped 1.2% to $4,617 a metric
ton at 5:50 p.m. on the London Metal Exchange.
http://www.bloomberg.com/news/articles/2016-06-01/zinc-retreats-as-metalsslide-before-chinese-manufacturing-data

2 June 2016

MONGOLIA RELATED COMPANIES

Company Name

Rio Tinto
Banpu
Turquoise Hill Resources
Areva
Mongolian Mining Corporation
Centerra Gold
SouthGobi Resources
Mongolia Energy Corporation
Denison Mines
Genie Energy
Central Asia Metals
Entre Gold
Xanadu Mines
Guildford coal / Terra Energy
Khan Resources
Aspire Mining
Prophecy Coal
Petro Matad Ltd
Mongolia Growth Group Ltd
Erdene Resources Development
General Mining Corp Ltd
Kincora Copper
Haranga Resources
Wolf Petroleum
Viking Mines
Parmelia Resources
Altan Rio Minerals
Eumeralla Resources
Draig Resources

Closing
Price

27.520
12.100
2.840
3.990
0.092
6.620
1.350
0.178
0.493
7.890
165.000
0.310
0.205
0.005
0.658
0.006
0.015
3.125
0.415
0.355
0.770
0.055
0.002
0.007
0.021
0.085
0.015
0.026
0.025

Currency

%DoD

USD
THB
USD
EUR
HKD
CAD
HKD
HKD
USD
USD
GBp
USD
AUD
AUD
USD
AUD
CAD
GBp
CAD
CAD
AUD
CAD
AUD
AUD
AUD
AUD
CAD
AUD
AUD

YTD %

-1.85
-0.82
0.35
-1.48
-1.08
-3.50
-3.16
-1.12
0.61
4.37
3.13
-6.06
0.00
0.00
0.00
0.00
0.00
-6.02
-4.60
0.00
-7.23
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

-5.49
-0.20
11.81
-26.44
-47.43
0.46
-43.75
-0.56
-1.00
-28.17
7.58
31.43
86.36
-28.57
163.90
-25.00
-57.14
0.00
22.06
125.00
201.96
175.00
-50.00
0.00
31.25
88.89
50.00
16.87
0.82

Daily Traded
value USD

221,737,100
5,967,266
5,124,652
81,493
50,198
10,218,660
50,518
32,241
69,501
650,192
378,201
15,196
329,797
435
98,859
217
212
0
0
154,771
870,498
8,726
58
33,977
2,221
2,647
2,956
4,588

Traded
Volume Day

Avg. 5 day traded

volume

8,144,129
17,360,400
1,801,869
18,144
4,170,555
1,545,405
287,050
1,426,250
142,295
84,706
158,938
50,414
2,177,506
120,000
150,000
50,000
18,515
4,951,279
31,000
570,976
1,529,920
233,706
40,000
2,322,100
37,500
230,740
157,000
229,411

3,866,995
16,001,380
2,198,332
13,785
3,359,200
1,111,884
84,920
64,953
178,469
55,194
26,429
75,591
180,894
60,573
29,700
80,252
148,034
13,143,108
34,672
203,528
3,534,307
601,312
418,777
134,251
33,840
168,167

Market cap
mln USD

51,103.09
1,313.45
5,714.97
1,710.66
109.69
1,602.10
44.78
40.48
263.05
194.33
265.42
47.31
66.87
8.69
55.33
4.03
4.23
12.95
21.23
32.13
173.83
13.21
0.57
0.00
3.29
7.40
1.02
1.87
1.93

52w high

45.000
20.838
4.430
9.279
0.560
8.670
6.830
0.600
0.850
14.748
188.000
0.400
0.260
0.042
0.670
0.026
0.075
9.875
1.000
0.550
0.830
0.055
0.020
0.023
0.022
0.098
0.030
0.037
0.035

52w low

21.885
10.911
1.550
3.260
0.026
5.510
1.240
0.107
0.350
6.271
121.250
0.170
0.073
0.002
0.237
0.005
0.010
1.875
0.330
0.110
0.038
0.015
0.002
0.004
0.008
0.020
0.010
0.019
0.015

Industry
Metals & Mining
Oil, Gas & Consumable Fuels
Metals & Mining
Electrical Equipment
Metals & Mining
Metals & Mining
Oil, Gas & Consumable Fuels
Oil, Gas & Consumable Fuels
Oil, Gas & Consumable Fuels
Electric Utilities
Metals & Mining
Metals & Mining
Metals & Mining
Oil, Gas & Consumable Fuels
Oil, Gas & Consumable Fuels
Metals & Mining
Oil, Gas & Consumable Fuels
Oil, Gas & Consumable Fuels
Real Estate Management
Metals & Mining
Metals & Mining
Metals & Mining
Metals & Mining
Oil, Gas & Consumable Fuels
Metals & Mining
Metals & Mining
Metals & Mining
Metals & Mining
Metals & Mining

Source: Bloomberg

MONGOLIAN STOCK MARKET - MSE TOP 20 INDEX

Company name

MSE TOP 20 Index

APU JSC
Arig Gal JSC
Baganuur JSC
Bayangol Hotel JSC
BDSec JSC
Hermes Center JSC
Gobi JSC
Darkhan Nekhii JSC
Jenco Tour Bureau
Makh Impex
Merex JSC
Tavan Tolgoi JSC
Talkh Chikher JSC
UB-BUK JSC
State Department Store JSC
HB Oil JSC
Khukh Gan JSC
Sharyn Gol JSC
Shivee Ovoo JSC
E- Trans Logistics JSC

Closing
Price
MNT

11,042
3,991
2,000
2,600
36,000
1,550
120
7,600
15,300
65
2,255
70
1,450
17,010
26,100
500
336
55
3,500
2,551
90

%DoD

-0.66
-0.03
-11.11
-5.45
-4.00
0.00
0.00
-0.85
0.00
-1.52
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

31/05/2016

%YTD

Last Traded
date

Daily Traded
value USD

-14.38
2.44
-14.89
5.26
-21.88
-20.06
-2.44
-10.38
-16.16
-13.33
-20.60
-5.41
-50.85
-2.13
-34.09
-5.66
-7.14
-26.67
-9.14
-27.59
-25.00

5/31/2016
5/31/2016
5/31/2016
5/31/2016
5/31/2016
5/12/2016
5/31/2016
5/31/2016
5/29/2016
5/31/2016
5/30/2016
5/16/2016
5/27/2016
5/30/2016
5/30/2016
5/31/2016
4/15/2016
5/23/2016
5/26/2016
5/25/2016
4/15/2016

2,993
1,992
33
13
36
309
336
124
150
-

Traded
volume Day

Avg. 5 day value

USD

10,640
994
33
10
2
5,130
88
3,787
596
-

10,072
-

Market Cap
USD

351,063,410
148,911,206
3,495,048
27,389,923
10,156,960
5,128,373
29,778,277
10,271,904
3,264,691
6,108,642
38,354,867
8,745,951
19,821,321
9,243,559
2,798,828
17,878,376
17,193,434
-

52w
high MNT

52w low
MNT

15,862
4,100
2,700
3,310
50,100
2,000
149
12,000
24,040
100
3,650
93
4,350
21,000
40,200
885
500
145
8,600
5,870
130

10,485
3,252
1,900
1,350
36,000
1,300
105
7,010
15,100
62
2,202
68
100
15,000
25,000
455
330
55
2,000
2,190
86

Industry
MSE Top 20 Index
Beverages-Wine/Spirits
Wool
Coal
Hotels&Motels
Finance-Invest Bnkr/Brkr
Retail-Misc/Diversified
Apparel Manufacturers
Apparel Manufacturers
Travel Services
Food-Meat Products
Bldg Prod-Cement/Aggreg
Coal
Food-Baking
Bldg Prod-Cement/Aggreg
Retail-Misc/Diversified
Oil Refining&Marketing
Metal-Diversified
Coal
Coal
Transport-Services

Source: Bloomberg
Gainers:
Genie Energy
Central Asia Metals
Losers:
Arig Gal JSC
General Mining Corp Ltd

%
4.37
3.13

-11.11
-7.23

Latest News:
No news
No news

No news
Galaxy Resources agrees A$216M takeover of General Mining

2 June 2016

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 exchan ges and
over-the-counter markets through our longstanding correspondent relationships with many of the world's leading banking instituti ons.
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: info@golomtsecurities.com
Website: www.golomtsecurities.com
Find us on Bloomberg: GLM <GO>
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.