Daily Report 20150108

2015-01-08
Daily Report
Report
Daily
|
NEWS & ANALYSIS
8 January 2015
2015.01.08
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)
14,624.93
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
1.21
Hang Seng
-2.07
-2.93
0.51
0.32
0.83
0.51
S&P/ASX 200
FTSE 100
-0.56
0.84
S&P/TSX comp
-2.37
Nasdaq
1.26
DJIA
1.23
0.06
-1.81
-1.34
Volume
-1.54
YTD %
Change % (Day)
MSE TOP 5 MOST TRADED
Trade value '000
MBG
GLOBAL NEWS
Asian Stocks Rebound as Samsung Jumps; Crude Holds Gains
Asian stocks climbed, with the regional index rallying from a three-week low after U.S. equities
rebounded and Samsung (005930) Electronics Co. posted better-than-estimated earnings. The
Malaysian ringgit strengthened while crude oil maintained its advance. The MSCI Asia Pacific Index
rose 0.9 percent by 10:05 a.m. in Tokyo, climbing for the first time in four days as Samsung, the
worlds biggest smartphone maker, added 0.9 percent. Japans Topix index jumped 1.2 percent with
futures on the Standard & Poors 500 Index up 0.1 percent after the gauge rebounded from its longest
slump in more than a year. The ringgit rallied from a 5 1/2-year low as the euro traded near its lowest
level since 2006. Oil in New York extended gains into a second day. Signs of U.S. economic strength
and the prospect of expanded European stimulus provided a jolt to global equities, which slumped 3.1
percent over the first three trading days of the year as oil extended its descent into a bear market.
Strong demand from U.S. refineries ignited a rebound in West Texas Intermediate crude yesterday,
amid concern over a global glut. Japan reports on inflation expectations today, after the euro area
reported its first drop in consumer prices since 2009.
http://www.bloomberg.com/news/2015-01-07/asian-futures-pace-u-s-stock-rebound-on-economyoptimism.html
-2.23
0.27
MSE - Top20
Aspire Minings Ovoot blend a premium coking coal for China

Aspire Mining (ASX:AKM) has received an encouraging report confirming that a Mongolian Blend with
between 25% to 50% Ovoot coal is a premium coking coal using Chinese coal classifications. The
blend is considered to be similar or even better than primary coking coals imported from Australia, the
U.S., and Canada due to its medium ash, low sulphur and high G value. This comes as Chinese
demand for primary coking coal is predicted to increase due to changes in steel making technologies
and depletion of domestic coal reserves combined with continued steel production growth. The supply
gap for primary coking coals in China is expected to peak at 83 million tonnes by 2020. The report
was commissioned to assess the marketability and indicative pricing of the Mongolian Blend in order
to complete a Scoping Study to support the development of a regional coal blending facility at the
Sainshand Industrial Park. Preliminary internal analysis by Aspire indicates a positive cashflow
blending operation based on current pricing. Initial production is estimated to commence in 2018,
producing 5 million tonnes per annum of saleable coking coal and increasing in subsequent years to
achieve full scale production of up to 10Mtpa from both the open pit and underground operations.
http://www.proactiveinvestors.com.au/companies/news/59946/aspire-minings-ovoot-blend-a-premiumcoking-coal-for-china-59946.html
Thousands
DAX
MONGOLIAN RELATED NEWS

SouthGobi Announces the Dismissal of the Money Laundering Accusations and the Transfer
of the Tax Investigation Case Back to the Court of Justice in Mongolia
SouthGobi Resources Ltd. (SGQ)(1878) (the "Company") announced today that the Capital City
Prosecutor in Mongolia had dismissed the accusations of alleged money laundering against the
Company's three (3) former employees and transferred the tax investigation case back to Court. As
previously detailed by the Company in its Management Discussion and Analysis ("MD&A") for the
three months ended September 30, 2014 which is available at www.sedar.com, the Company has
been subject to investigations by the State Investigations Agency ("SIA") into allegations against the
Company and some of its former employees regarding possible breaches of Mongolia's money
laundering and taxation laws. A report issued by the experts appointed by the SIA on June 30, 2013
and again in January 2014 had recommended that the alleged accusations of money laundering
against the Company's three (3) former employees be withdrawn. The Company has been notified
that on December 30, 2014, the Capital City Prosecutor had decided to dismiss the allegations of
money laundering. The Company announced on November 10, 2014 that the Mongolian investigation
authority issued a resolution to order a re-investigation into alleged violations of Mongolian taxation
law. The Company has been informed that the re-investigation was completed and the case
transferred back to the Second District Criminal Court of Justice on December 31, 2014.
http://www.marketwatch.com/story/southgobi-announces-the-dismissal-of-the-money-launderingaccusations-and-the-transfer-of-the-tax-investigation-case-back-to-the-court-of-justice-in-mongolia2015-01-07-71733130
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
1,040
JTB
0.00%
31
6,000
4,000
4,000
2,000
-1.00%
January-15
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
0%
November-14
-1%
September-14
-1%
February-14
-2%
December-13
1,500
June-13
0.00%
1,000
November-13
500
September-13
April-13
510
0
March-13
DHU
2,000
0
January-13
February-13
ETR
8 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

7 January 2015
TOP20 index
14
JSC's
was
14,624.93
6,970
shares
worth
Change day
24.89
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
APU
4,900
18,375
3750
-1
-0.03%
20
3200
3900
212
BUK
45
1,890
42000
-840
-1.96%
42000
30
DHU
102
510
5000
0.00%
50
5000
ETR
64
99
-1
-1.00%
5000
85
99
2781
JTB
350
31
89
0.00%
65
84
90
8509
MBG
130
1,040
8000
0.00%
50
8000
MCH
13
18
1374
0.00%
20
1170
1379
91
MMX
60
221
3690
-10
-0.27%
3497
3690
269
NEH
81
1,418
17500
0.00%
119
17500
20000
TCK
21
389
18500
0.00%
89
18500
19400
15
TTL
20
84
4200
48
1.16%
100
4100
4300
99
UID
149
82
550
-20
-3.51%
101
550
599
50
UYN
35
37
1050
50
5.00%
265
950
1150
30
BHR
1,000
790
790
70
9.72%
250
590
790
9000
been
traded.
8 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: [email protected]
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

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2015-01-08

MONGOLIAN ECONOMIC INDICATORS

Trade value '000

Aspire Minings Ovoot blend a premium coking coal for China

MONGOLIAN RELATED NEWS

MONGOLIAN RELATED COMPANIES

Market cap mln

Central Asia Metals PLC

Denison Mines Corp

Winsway Coking Coal Holdings Ltd

Mongolia Investment Group Ltd

Mongolia Growth Group

Guildford Coal Ltd

Origo Partners PLC

Entree Gold Inc

Aspire Mining Ltd

Prophecy Coal Corp

Petro Matad Ltd

Xanadu Mines Ltd

Haranga Resources Ltd

Wolf Petroleum Ltd

Manas Petroleum Corp

East Asia Minerals Corp

Erdene Resource Development Corp

Modun Resources Ltd

Kincora Copper Ltd

General Mining Corp Ltd

Draig Resources Ltd

Newera Resouces Ltd

North Asia Resources Holdings Ltd

Khan Resources Inc.

MONGOLIAN STOCK MARKET

Buy price Sell price

Investment Banking Division of Golomt Bank

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