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    Daily Report 20141202

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    Joseph Davidson
    The document provides a daily report on various economic indicators and financial market performance for December 2, 2014. It includes summaries of stock market indexes globally and in Mongolia, commodity prices, Mongolian economic indicators such as GDP and inflation, debt market yields, changes in major stock indexes, and the top traded stocks and companies with Mongolia exposure. It also summarizes two news articles, one on movements in gold, oil and global stock markets, and another on SouthGobi Resources raising funds through a private placement.

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    Daily Report 20141202

    Uploaded by

    Joseph Davidson
    44 views3 pages
    The document provides a daily report on various economic indicators and financial market performance for December 2, 2014. It includes summaries of stock market indexes globally and in Mongolia, commodity prices, Mongolian economic indicators such as GDP and inflation, debt market yields, changes in major stock indexes, and the top traded stocks and companies with Mongolia exposure. It also summarizes two news articles, one on movements in gold, oil and global stock markets, and another on SouthGobi Resources raising funds through a private placement.

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    The document provides a daily report on various economic indicators and financial market performance for December 2, 2014. It includes summaries of stock market indexes globally and in Mongolia, commodity prices, Mongolian economic indicators such as GDP and inflation, debt market yields, changes in major stock indexes, and the top traded stocks and companies with Mongolia exposure. It also summarizes two news articles, one on movements in gold, oil and global stock markets, and another on SouthGobi Resources raising funds through a private placement.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    44 views3 pages

    Daily Report 20141202

    Uploaded by

    Joseph Davidson
    The document provides a daily report on various economic indicators and financial market performance for December 2, 2014. It includes summaries of stock market indexes globally and in Mongolia, commodity prices, Mongolian economic indicators such as GDP and inflation, debt market yields, changes in major stock indexes, and the top traded stocks and companies with Mongolia exposure. It also summarizes two news articles, one on movements in gold, oil and global stock markets, and another on SouthGobi Resources raising funds through a private placement.

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    © All Rights Reserved
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    2014-12-02

    Daily Report
    Report
    Daily
    |
    NEWS & ANALYSIS

    2 December 2014

    2014.12.02
    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

    MN
    US
    US
    US
    CN
    UK
    US
    HK
    ASIA

    Change %
    (Day)

    15,001.91
    17,776.80
    2,053.44
    4,727.35
    14,625.32
    6,656.37
    5,259.20
    23,367.45
    177.74

    YTD change %

    0.55
    -0.29
    -0.68
    -1.34
    -0.81
    -0.99
    0.99
    -2.58
    0.21

    -7.97
    7.24
    11.10
    13.19
    7.37
    -1.37
    -1.74
    0.26
    5.71

    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)

    139.87
    2,232.50
    80.09
    6,518.00
    68.88
    1,207.92
    16.44

    YTD change %

    0.00
    0.89

    -26.50
    8.74
    -41.02
    -11.63
    -30.01
    0.52
    -15.58

    1.65
    -0.17
    -0.34
    -0.13

    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

    98.13
    68.25
    95.25
    89.60
    99.88
    99.88
    97.86
    103.46

    Maturity date

    6.638
    28.474
    5.616
    6.734
    8.636
    12.339
    10.829
    1.110

    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

    -0.22

    DAX

    -0.17

    7.74
    4.31

    Hang Seng

    0.26
    -2.58

    S&P/ASX 200

    0.99

    FTSE 100

    -0.81

    13.19
    -0.29

    7.24
    0.55

    -7.97

    Change % (Day)

    Volume

    YTD %

    Thousands

    MSE - Top20

    MSE TOP 5 MOST TRADED

    Trade value '000

    JTB

    GLOBAL NEWS
    Gold Retreats With Oil as Won Gains; Japan Stocks Decline
    Gold led a retreat in precious metals as crude oil pared back yesterdays gains, while emergingmarket currencies climbed versus the dollar. Japanese stocks fell after Moodys Investors Service cut
    the nations credit rating. Gold fell 0.6 percent to $1,204.33 an ounce by 9:59 a.m. in Tokyo, after
    surging the most in more than a year last session. Platinum dropped 1.1 percent and copper futures
    slipped. U.S. oil declined for the fifth time in six trading days, losing 0.7 percent to $68.54 a barrel.
    The Korean won and Malaysian ringgit added at least 0.2 percent. Japans Topix index fell 0.2
    percent from a 6 1/2-year high, while Australian commodity shares rebounded. Standard & Poors 500
    Index futures were little changed after a 0.7 percent drop in the U.S. gauge. Volatility in commodities
    is at a more-than two-year high as prices for crude to metals swing amid concern over supply gluts
    and the slowing global economy. Moodys cut Japans rating by one level yesterday with Prime
    Minister Shinzo Abe starting his campaign for the Dec. 14 snap election today. Australia and India are
    projected to keep benchmark borrowing costs unchanged today, with the euro region to report
    producer prices before its own rate review later this week.
    http://www.bloomberg.com/news/2014-12-01/gold-holds-gains-with-yen-amid-oil-rebound-s-p-500drops.html

    7.37

    -1.34

    DJIA

    Voluntary announcement submission of bid for coal mining operation


    This is a voluntary announcement made by Mongolian Mining Corporation (the "Company").
    Reference is made to the announcement dated 31 October 2014 made by the Company in which it
    was disclosed that the Company and its subsidiaries (the "Group") had been approached by certain
    independent parties to explore and discuss possibilities in connection with participating in a tender
    process of the Government of Mongolia (the "GoM") pursuant to resolution number 268 of the GoM
    dated 20 August 2014 ("Resolution No. 268"). The board of directors of the Company (the "Board")
    wishes to announce that on 1 December 2014, Energy Resources LLC ("ER"), an indirect whollyowned subsidiary of the Company has formed a consortium (the "Consortium") with independent third
    parties for submission of a bid (the "Bid") under Resolution No. 268. ER as the principal party of the
    Consortium submitted the Bid on 1 December 2014 within the specified timeframe under the
    Resolution No. 268. The successful bidder is expected to enter into negotiations with the GoM
    regarding the terms and conditions of an investment and cooperation agreement in accordance with
    Resolution No. 268. The Company will make further announcement(s) in connection with its
    participation in the bidding process as and when required under the Listing Rules or other applicable
    rules and regulations.
    http://www.4-traders.com/MONGOLIAN-MINING-CORPORAT-6743307/news/Mongolian-Mining-VOLUNTARY-ANNOUNCEMNT-SUBMISSION-OF-BID-FOR-COAL-MINING-OPERATION19475339/

    -1.37

    -0.99

    S&P/TSX comp

    Nasdaq

    -1.74

    MONGOLIAN RELATED NEWS


    SOUTHGOBI, FACING DEFAULT, RAISES $9 MLN THROUGH PLACEMENT
    SouthGobi Resources Ltd , a Canadian coal miner with operations in Mongolia, said it had raised
    about $9 million through a private placement of shares. The company, hurt by weak coal prices,
    warned in March that a delay in securing additional financing could result in a default of $250 million
    debentures held by China Investment Corp (CIC). The proceeds from the private placement of about
    24.4 million shares will be used to pay the November 2014 installment of the cash interest due on the
    CIC convertible debenture, the company said. SouthGobi said on Nov. 20 it would delay the CIC
    interest payment, which is due on Nov. 19, until Dec. 1 as it continued to seek additional funding. The
    company had originally issued CIC $500 million in convertible debentures in 2009. A year later the
    Chinese firm converted half of that into equity. CIC has a 19 percent stake in SouthGobi, which is
    controlled by Turquoise Hill Resources Ltd, the co-owner of Mongolias huge Oyu Tolgoi copper and
    gold mine. The placing price of 42 Canadian cents represented a discount of nearly 24 percent to
    SouthGobi shares closing price of 55 Canadian cents on Friday. SouthGobi, which is seeking
    additional funding for its operations, has $4.1 million in cash, excluding proceeds from the private
    placement. (Reporting by Ashutosh Pandey in Bengaluru; Editing by Ted Kerr and Saumyadeb
    Chakrabarty)
    http://www.unuudur.com/?p=30186

    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

    1,462

    MDR

    6,000

    4,000

    0.00%

    2,184

    4,000

    2,000
    0.00%

    0%

    0%

    0%

    June-14

    May-14

    April-14

    March-14

    January-14

    October-13

    August-13

    July-13

    June-13

    February-14

    0%

    May-13

    0.11%
    6,000

    December-13

    4,000

    November-13

    2,000

    September-13

    April-13

    4,260

    0
    March-13

    TCK

    2,000

    0
    January-13

    2,197

    February-13

    NEH

    2 December 2014

    MONGOLIAN RELATED COMPANIES


    Trade value 000 Market cap mln
    USD
    USD/

    52w high

    52w low

    Currency
    cross

    -5.76

    17,571.6

    6,258.25

    4.36

    2.93

    1.00

    29.17

    6,792.7

    1,164.48

    6.90

    3.07

    1.13

    0.00

    -30.04

    940.6

    585.27

    0.84

    0.33

    7.75

    1.130

    -3.42

    -12.40

    2,186.9

    504.62

    1.95

    1.02

    1.13

    HKD

    0.320

    0.00

    -34.69

    57.6

    155.70

    0.58

    0.31

    7.75

    276 HK Equity

    HKD

    0.590

    0.00

    -39.30

    52.2

    128.51

    1.10

    0.58

    7.75

    SouthGobi Resources

    1878 HK Equity

    HKD

    3.840

    0.00

    -44.19

    28.7

    92.76

    8.35

    3.74

    7.75

    Central Asia Metals PLC

    CAML LN Equity

    GBp

    155.250

    -4.17

    10.11

    21,692.7

    271.94

    190.00

    141.00

    0.64

    Mongolia Investment Group Ltd

    402 HK Equity

    HKD

    0.265

    0.00

    -8.62

    947.1

    229.01

    0.38

    0.16

    7.75

    Mongolia Growth Group

    YAK CN Equity

    CAD

    1.120

    -1.75

    -50.66

    55.6

    34.45

    3.07

    1.12

    1.13

    North Asia Resources Holdings Ltd

    61 HK Equity

    HKD

    0.153

    0.00

    -15.93

    41.3

    119.07

    0.21

    0.10

    7.75

    Guildford Coal Ltd

    GUF AU Equity

    AUD

    0.041

    -2.38

    -50.52

    7.5

    31.92

    0.11

    0.04

    1.18

    Origo Partners PLC

    OPP LN Equity

    GBp

    6.938

    -3.48

    -5.93

    545.7

    38.93

    8.25

    6.88

    0.64

    Entree Gold Inc

    ETG CN Equity

    CAD

    0.230

    0.00

    -25.81

    4.2

    29.84

    0.52

    0.21

    1.13

    Aspire Mining Ltd

    AKM AU Equity

    AUD

    0.029

    -9.38

    -48.21

    11.1

    17.31

    0.07

    0.03

    1.18

    Prophecy Coal Corp

    PCY CN Equity

    CAD

    0.070

    0.00

    -12.50

    5.5

    15.56

    0.11

    0.04

    1.13

    FeOre Ltd

    FEO AU Equity

    AUD

    0.030

    0.00

    -26.83

    3.1

    13.47

    0.08

    0.02

    1.18

    Petro Matad Ltd

    MATD LN Equity

    GBp

    2.875

    0.00

    -23.33

    626.9

    12.64

    11.50

    2.00

    0.64

    Xanadu Mines Ltd

    XAM AU Equity

    AUD

    0.120

    9.09

    140.00

    44.8

    31.88

    0.18

    0.03

    1.18

    Haranga Resources Ltd

    HAR AU Equity

    AUD

    0.018

    0.00

    -70.97

    1.5

    3.69

    0.09

    0.01

    1.18

    Wolf Petroleum Ltd

    WOF AU Equity

    AUD

    0.046

    0.00

    -34.29

    0.2

    10.53

    0.08

    0.03

    1.18

    Manas Petroleum Corp

    MNAP US Equity

    USD

    0.125

    31.58

    82.48

    140.5

    20.87

    0.17

    0.04

    1.00

    Khan Resources Inc.

    KRI CN Equity

    CAD

    0.435

    1.16

    52.63

    7.7

    26.16

    0.45

    0.18

    1.13

    Voyager Resources Ltd

    VOR AU Equity

    AUD

    0.001

    0.00

    -75.00

    0.1

    1.48

    0.01

    0.00

    1.18

    East Asia Minerals Corp

    EAS CN Equity

    CAD

    0.010

    -50.00

    -75.00

    15.7

    0.94

    0.11

    0.01

    1.18

    Erdene Resource Development Corp

    ERD CN Equity

    CAD

    0.110

    0.00

    -21.43

    1.0

    8.00

    0.26

    0.08

    1.13

    Modun Resources Ltd

    MOU AU Equity

    AUD

    0.004

    0.00

    -12.50

    5.0

    5.27

    0.01

    0.00

    1.18

    Kincora Copper Ltd

    KCC CN Equity

    CAD

    0.025

    0.00

    0.00

    0.2

    6.84

    0.09

    0.02

    1.13

    General Mining Corp Ltd

    GMM AU Equity

    AUD

    0.007

    0.00

    -58.82

    0.1

    0.80

    0.02

    0.01

    1.18

    Draig Resources Ltd

    DRG AU Equity

    AUD

    0.018

    0.00

    -48.57

    2.7

    1.01

    0.04

    0.01

    1.18

    Newera Resouces Ltd

    NRU AU Equity

    AUD

    0.001

    0.00

    -83.33

    0.5

    1.00

    0.01

    0.00

    1.18

    Blina Minerals NL

    BDI AU Equity

    AUD

    0.001

    0.00

    0.00

    2.5

    1.26

    0.00

    0.00

    1.18

    30 day graphic

    Name

    Sym

    Currency

    Last

    Chg day %

    Turquoise Hill

    TRQ US Equity

    USD

    3.110

    -4.60

    Centerra Gold

    CG CN Equity

    CAD

    5.580

    7.10

    MMC

    975 HK Equity

    HKD

    0.490

    Denison Mines Corp

    DML CN Equity

    CAD

    Winsway Coking Coal Holdings Ltd

    1733 HK Equity

    MoEnCo

    YTD %

    Source: Bloomberg
    MONGOLIAN STOCK MARKET
    1 December 2014

    19

    JSC's

    TOP20 index

    was

    15,001.91

    177,621

    shares

    worth

    1,018.20

    mln

    MNT

    0.55%

    YTD

    -7.97%

    Change day

    Company name

    Trade volume

    Trade value
    '000

    Last

    MBG

    137,996

    1,034,970

    7500

    GOV

    1,259

    9,443

    TCK

    230

    4,260

    NEH

    130

    MDR

    have

    Chg day

    Chg day %

    Buy
    volume

    Buy price Sell price

    Sell volume

    7500

    100

    1.35%

    772

    7400

    7500

    2077

    18520

    20

    0.11%

    470

    18500

    19500

    91

    2,197

    16900

    0.00%

    70

    16900

    17000

    4,413

    2,184

    495

    0.00%

    597

    495

    500

    1660

    JTB

    17,410

    1,462

    84

    0.00%

    400

    82

    85

    1484

    HGN

    11,485

    1,263

    110

    0.00%

    285

    105

    115

    310

    HHC

    321

    1,228

    3825

    -675

    -15.00%

    4500

    22

    APU

    160

    605

    3780

    127

    3.48%

    50

    3750

    3780

    44

    HBO

    500

    275

    549.99

    -0

    0.00%

    700

    501

    550

    5055

    MMX

    69

    259

    3750

    0.00%

    131

    3750

    3800

    104

    DLG

    50

    240

    4800

    -700

    -12.73%

    6285

    10

    MRX

    2,000

    190

    95

    -4

    -4.04%

    10,000

    90

    98

    1000

    ETR

    1,500

    150

    100

    5.26%

    2,000

    90

    130

    156

    EER

    51

    138

    2700

    100

    3.85%

    907

    2350

    2700

    149

    BAN

    33

    109

    3300

    -200

    -5.71%

    67

    3300

    3450

    450

    SHV

    10

    53

    5300

    0.00%

    100

    5150

    5300

    43

    SHG

    5810

    -495

    -7.85%

    5810

    6300

    50

    UID

    561

    0.16%

    400

    561

    579

    50

    been

    traded.

    2 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.
    1
    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: [email protected]
    Website: www.golomtbank.com

    Disclaimer
    2013.06
    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
    3700 for you of the securities/transactions before investing
    independently determine, with your own advisors, the appropriateness
    or transacting.

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