Академический Документы
Профессиональный Документы
Культура Документы
Mongolia Weekly
Index
Financial Markets
Commodity Markets
Corporate News
MSE TOP 20
Silk
Road
Composite Index
Silk
Road
Mongolia
Silk Road Hong
Kong
Silk
Road
Australia
FTSE 100
Nikkei
Hang Seng
Shanghai
KASE
RTS
4,500,000.00
14,500
14,000
Total Trading Volume, US $
13,500
13,000
12,000
Stock
405.53
0.11%
-21.2%
278.87
-2.51%
-48.8%
15.06
-1.32%
-53.1%
197.01
1,161.7
2
1,315.3
7
1,597.1
8
-2.87%
-59.3%
-0.25%
7.3%
-0.06%
11.7%
1.56%
-2.2%
421.76
0.57%
-23.3%
564.10
1,023.2
1
15,237.
11
6,487.1
9
14,404.
74
23,218.
32
2,468.5
1
901.47
1,477.0
0
0.31%
15.1%
1.52%
-3.0%
1.09%
16.3%
0.52%
10.0%
2.71%
38.6%
0.34%
2.5%
2.47%
0.68%
-2.2%
-7.0%
2.35%
-3.3%
Close
price,
MNT
3,000,000.00
Mogoin Gol
13,90
0
Mongolian Telecom
Shivee Ovoo
Baganuur
2,500,000.00
Top-20 Index
2,000,000.00
1,500,000.00
500,000.00
0.00
Worst performers
Tavan Tolgoi
Silikat
Remicon
State Department
Store
Sharyn Gol
660
Performance
w-o-w
31.91
%
YTD
-33.9%
1,329
6,200
4,400
23.12
%
10.75
%
6.90%
4.76%
-28.2%
-38.0%
-16.7%
2,995
197
170
-0.17%
-0.51%
-2.86%
-66.0%
-1.0%
-10.1%
420
7,180
-3.45%
-4.46%
10.5%
-18.4%
6.9%
Major Commodities
Commodity
Copper $/t
www.eurasiac.com
-20.9%
3,500,000.00
1,000,000.00
12,500
0.03%
Best performers
Mongolia
Development
Resources
4,000,000.00
15,000
Performance
w-o-w
YTD
Close
price
13,937.
34
Gold $/oz
Coal1 $/t
Iron ore2, $/t
Uranium $/lp
Crude oil $/bbl
Last
price
7,177.2
5
1,272.1
8
102.59
153.63
35.75
102.02
Performance
w-o-w
YTD
-0.75%
-9.2%
-2.95%
-0.12%
-0.51%
0.00%
-1.75%
-24.1%
-10.7%
-3.9%
-20.6%
11.1%
Rate3,
MNT
MNT app(-) or
dep(+)
October 14 (Monday)
www.eurasiac.com
October 14 (Monday)
FINANCIAL MARKETS
MSE Top -20
Increased by 0.03%
Last
week,
the
benchmark index, MSE
Top-2
increased
by
0.03%
w-o-w
and
closed at 13,937.34 on
Friday,
October
11,
compared to 13,933.38
a week prior.
66.
www.eurasiac.com
The
official
MNT/US$ currency
rate by the Bank
of Mongolia closed
at
MNT1,685.30
on Friday October
11,
2013
than
MNT1,659.12
a
week earlier
October 14 (Monday)
4,500,000.00
4,000,000.00
3,500,000.00
3,000,000.00
14,000
Total Trading Volume, US $
13,500
2,500,000.00
Top-20 Index
2,000,000.00
1,500,000.00
13,000
1,000,000.00
12,500
500,000.00
12,000
0.00
www.eurasiac.com
October 14 (Monday)
COMMODITY MARKETS
Negotiation Between Rio Tinto and Mongolian Government Restarts
The Mongolian government has solved half of the issues about the development of
Oyu Tolgois copper and gold mine during the meeting in London. Both parties
agreed that all Oyu Tolgoi licenses owned by third parties should be transferred to
Oyu Tolgoi, giving the Mongolian government a 34% stake in the licensed deposit
area. This means that two licenses are part-owned by Canada-listed mining
company Entree Gold, will be transferred to Oyu Tolgoi. As part of the transfer, the
Mongolian government will receive an additional US$1.4 bn over the duration of the
project, the Australian Times said. The Mongolian government and Rio Tinto have
had the contradictions over the investment terms of an agreement signed by both
parties in 2009. The government has been pressing Rio to improve the terms of the
deal amid escalating costs. For its part, Rio wants to ensure that the government
keeps to the original investment agreement. The board will meet again on October
14, 2013 to address three key outstanding issues,
1. How to monitor and reconcile project cost overruns
2. Submit an authorized registration of the expansion project plan
3. Review additional project financing
www.eurasiac.com
October 14 (Monday)
CORPORATE NEWS
TDB Awarded the Best Bank in Emerging Markets
Finance Asia selected Trade and Development Bank of Mongolia (TDB) for the Best
Bank in Frontier Markets award, said on TDBs own website. Other nominees from
frontier markets included banks from Albania, Bangladesh, Sri Lanka, Philippines,
Indonesia and Vietnam. This award gives more attention to the banks potential
than its asset size. Besides receiving the award, TDB also has obtained other four
prestigious international awards in 2013.
Terra Energy Approved for Road Construction to China Border
According to Guildford Coal Ltd, Terra Energy LLC has received government approval
to construct the 98-kilometer haul road, connecting its Baruun Noyon Uul mine with
the China border. The beginning of road construction project will take about 12
weeks and the cost of the road construction is US$17 mn. Coal sales to its
customers are expecting originate in January. Recent visits of prospective
customers, Managing Director Peter Westerhuis and General Manager Allan Dawson
from Noble Group; China confirmed a strong interest to commence use of Terra coal
in their coking plants. The initial box cut excavation is continuing to take shape and
coal uncover is ahead of schedule. Coal mining and crushing will be scheduled to
coincide with the completion of the haul road construction.
Xanadu Expands High Grade Mineralization at Oyut Ulaan
Xanadu Mines Ltd announced that the results of further drilling at the Oyut Ulaan
copper-gold project on October 11, 2013. Seven diamond drill holes (around 1,500
meters) targeting zones of sub-cropping stock work copper-gold mineralization were
completed at the Diorite Hill prospect. The results confirm Diorite Hill as a broad
zone of strong quartz stock work veining and associated high-grade copper-gold
mineralization that is 600 meters long, 40 to 80 meters wide, and at least 200
meters deep and remains open. The bornite mineralization is typical of other goldrich porphyry deposits including Ridgeway and North Parkes in New South Wales,
Australia. The latest drilling results open up Diorite Hills potential and we see
indications of similar gold-rich porphyry mineralization at several other prospects,
said Xanadus managing director, George Lloyd. Mapping and trenching data
collected during the drilling program to test for surface expressions of underlying
mineralization and the interpretation of these results will be included in the next
general Oyut Ulaan update.
www.eurasiac.com
October 14 (Monday)
Symb
ol
APU
TTL
BAN
SHV
SHG
GOV
Eurasia
Capital
Rating
UNDER
REVIEW
UNDER
REVIEW
BUY
UNDER
REVIEW
UNDER
REVIEW
UNDER
REVIEW
UNDER
REVIEW
UNDER
REVIEW
UNDER
REVIEW
UNDER
REVIEW
BUY
UNDER
REVIEW
Price
Market Cap
US$
MNTmn
mn
Performance
1W
y-t-d
chg
3,880
288,236
171.0
2.11%
2,995
157,732
93.6
-0.17%
4,400
92,287
54.8
4.76%
6,200
83,198
49.4
6.90%
7,180
73,461
43.6
-4.46%
4,790
37,367
22.2
1,329
34,382
20.4
4.18%
10.75
%
3,000
33,000
19.6
80,000
27,520
80,000
48,000
MNT
1.8%
66.0%
16.7%
38.0%
18.4%
PE
PB
2012
2012
12.3
3.4
17.2
3.6
49.3
2.3
NA
50.1
237.7
4.8
7.1
1.0
181.0
1.2
1.69%
6.5%
28.2%
17.2%
22.3
3.4
16.3
0.00%
0.0%
10.9
2.5
26,824
20,307
15.9
12.0
0.00%
0.00%
-2.4%
28.0%
11.7
5.3
2.5
0.8
420
15,459
9.2
-3.45%
13,376
13,308
7.9
7.9
-2.86%
3.17%
-23.6
100.6
9.6
-45.1
170
13,000
129
13,070
7.8
4.8
1.4
13,900
UNDER
JTB
Genco Tour Bureau
REVIEW
85
UNDER
SIL
Silikat
REVIEW
197
Mongolia Development
UNDER
MDR
660
Resources
REVIEW
UNDER
MSH
Hotel Mongolia
REVIEW
850
Source: MSE, Eurasia Capital Estimates
11,532
6.8
0.78%
23.12
%
10.5%
10.1%
5.7%
24.1%
6.9%
14.2
0.7
9,350
5.5
0.00%
-5.6%
39.5
1.1
9,128
5.4
9,075
5.4
-0.51%
31.91
%
8,500
5.0
-1.0%
33.9%
15.0%
Mongolian Telecom
BDSec
Suu
UB Hotel
Bayangol Hotel
State
Department
Store
Remicon
Talkh Chikher
Khukh Gan
Mogoin Gol
MCH
BDS
SUU
ULN
BNG
UID
RMC
TCK
HGN
MSH
BUY
BUY
UNDER
REVIEW
BUY
0.00%
3.0
0.8
NA
1.0
275.0
4.3
462.0
2.6
Symb
ol
BEU
NEH
Eurasia
Capital
Rating
UNDER
REVIEW
UNDER
REVIEW
Price
MNT
6,000
11,00
0
Market Cap
MNTm
US$
n
mn
114,37
2
67.9
12,160
www.eurasiac.com
7.2
-2.65%
101.8%
17.2
1.0
EER
MMX
ADL
Aduunchuluun
Source: MSE, Eurasia Capital Estimates
UNDER
REVIEW
UNDER
REVIEW
UNDER
REVIEW
October 14 (Monday)
2,899
10,087
6.0
0.00%
3.5%
6.3
0.7
1,801
6,845
4.1
9.2%
NA
-1.8
1,904
6,000
3.6
-9.95%
10.83
%
5.6%
8.2
1.7
www.eurasiac.com
October 14 (Monday)
ECONOMIC PERFORMANCE
Indicator
2004
2005
Balance of payments
Exports, US$mn
Imports, US$mn
Exports, y-o-y, %
Imports, y-o-y, %
Trade balance,
US$mn
Net FDI, US$mn
2007
2008
2009
2010
2011
2012
2013
F
2.56
905
2.59
1,327
2.63
1,620
2.68
2,108
2.74
1,688
2.76
2,267
2.81
3,045
2.87
3,575
2.93
4,300
2,152
2,780
3,715
6,555
6,591
8,415
1.8
10.6
2.3
7.2
3.2
8.6
4,599.
5
3.9
10.2
5.1
8.9
4.6
-1.3
6.6
6.4
10,83
0
8.6
17.3
13,94
4
10.3
12.3
17,65
0
13.6
18.5
34.8
4.8
1,165
56.3
14.1
1,170
-5.5
22.1
1,267
26.9
4.2
1,443
62.5
13.0
1,257
37.0
10.2
1,396
18.8
14.0
1,392
25.0
15.0
1,300
718
1,001
657
822
2,000
2,500
4,091
4,500
2006
33.1
35.0
30.1
27.5
36.6
28.5
40.9
38.0
33.1
37.6
30.3
35.5
37.1
36.6
40.6
44.3
35.6
43.3
40.2
42.2
-2.1
3.2
3.9
2.9
-4.5
-5.2
0.5
-3.7
-7.7
-2.0
869
1,019
41.3
28.8
-150
1,064
1,177
22.4
15.5
-113
1,542
1,435
44.9
21.9
107
1,948
2,062
26.3
43.7
-114
2,535
3,245
30.1
57.4
-710
1,885
2,138
-25.6
-34.1
-253
2,909
3,200
54.3
49.7
-291
4,780
4,385
6,578
6,527
6,739
8,086
64.3
-9.0
50.0
104.0
2.1
20.0
1,747
2,354
1,508
92.9
185.3
191.1
360.0
838.5
569.8
1,629
4,620
3,750
3,250
.7
.1
.0
.0
Source: National Statistics Office of Mongolia, the Bank of Mongolia, the IMF, the World Bank, Eurasia Capital.
*According to November 2010 Population and Housing Census
www.eurasiac.com
October 14 (Monday)
Name
Close
52
Wk
high
Performance
52 Wk
low
w-o-w
y-t-d
90
APU
3,880
4,199
3,100
2.11%
458
Tavan Tolgoi
2,995
9,275
1,902
-0.17%
396
Baganuur
4,400
3,700
4.76%
460
Shivee Ovoo
6,200
4,500
6.90%
309
354
Sharyn Gol
Gobi
7,180
4,790
6,045
10,23
0
10,25
0
5,200
6,600
2,700
209
Mongolian Telecom
1,329
2,018
943
-4.46%
4.18%
10.75
%
522
BDSec
1.69%
Suu
67,000
0.00%
UB Hotel
72,500
13
484
Bayangol Hotel
State
Department
Store
4,013
84,88
0
109,0
00
50,50
0
2,950
135
3,000
80,00
0
80,00
0
48,00
0
1.8%
66.0%
16.7%
38.0%
18.4%
6.5%
28.2%
17.2%
420
530
Remicon
22
Talkh Chikher
532
Khukh Gan
444
521
317
Mogoin Gol
Genco Tour Bureau
Silikat
Mongolia
Development
Resources
524
517
Market Cap
MNTm
n
288,23
6
157,73
2
US$
mn
171.0
93.6
92,287
54.8
83,198
49.4
73,461
37,367
43.6
22.2
34,382
20.4
33,000
19.6
0.0%
27,520
16.3
0.00%
-2.4%
26,824
35,000
0.00%
28.0%
443
365
-3.45%
170
13,00
0
198
13,00
0
160
-2.86%
2,293
3.17%
129
13,90
0
85
197
188
17,00
0
95
227
110
11,000
80
150
0.78%
23.12
%
0.00%
-0.51%
660
999
500
Hotel Mongolia
850
1,000
790
Source: MSE, Bank of Mongolia, Eurasia Capital
Daily Turnover
(52Wk Avg)
MNT
6,255,28
2
3,401,71
2
1,011,33
7
566,869
3,488,88
4
940,808
276,747
2,571,64
0
1Wk
turnover
(MNT)
US$
3,712
90
2,018
458
600
396
336
460
2,070
558
309
354
164
209
1,526
522
264
135
15.9
444,746
23,406,4
63
13,889
20,307
12.0
853,200
506
13
10.5%
10.1%
15,459
9.2
247
484
13,376
7.9
2,190
530
5.7%
24.1%
13,308
7.9
415,436
3,691,36
2
1,283,66
3
762
22
13,070
7.8
994,085
590
532
6.9%
-5.6%
-1.0%
11,532
9,350
9,128
6.8
5.5
5.4
88,817
470,626
445,147
53
279
264
444
521
317
31.91
%
33.9%
9,075
5.4
3,561,84
6
2,113
524
0.00%
15.0%
8,500
5.0
18,296
11
517
Name
Close
52
Wk
high
Performance
52 Wk
low
w-o-w
y-t-d
www.eurasiac.com
Market Cap
MNTm
n
US$
mn
Daily Turnover
(52Wk Avg)
MNT
1Wk
turnover
(MNT)
US$
10
Berkh Uul
6,000
11,00
0
2,899
1,801
6,700
11,30
0
3,000
2,000
2,707
0.00%
71
191
208
Darkhan Nekhii
Eermel
Makh Impex
5,000
2,150
1,600
-2.65%
0.00%
-9.95%
10.83
%
461
Aduunchuluun
1,904
3,506
1,405
Source: MSE, Bank of Mongolia, Eurasia Capital
October 14 (Monday)
-4.8%
101.8
%
3.5%
9.2%
5.6%
www.eurasiac.com
114,37
2
67.9
12,160
10,087
6,845
6,000
132
492
7.2
6.0
4.1
222,789
5,276,22
5
199,417
141,105
3,131
118
84
71
191
208
3.6
727,375
432
461
11
October 14 (Monday)
Price
Name
Performance
APU
Tavan Tolgoi
Baganuur
Shivee Ovoo
Sharyn Gol
Gobi
Mongolian Telecom
UB BUK
BDSec
Bayangol Hotel
Material Impex
State
Department
Store
Remicon
Talkh Chikher
Khukh Gan
3,880
2,995
4,400
6,200
7,180
4,790
1,329
30,000
3,000
48,000
14,490
52 Wk
high
4,199
9,275
6,045
10,230
10,250
5,200
2,018
30,000
4,013
50,500
14,500
420
170
13,000
129
443
198
13,000
188
365
160
2,293
110
159
11,000
13,900
85
197
190
11,300
17,000
95
227
92
5,000
11,000
80
150
660
999
500
31.91%
-33.9%
9,075
5.4
3,561,846
2,113
208
461
34
55
25
217
40
2
531
38
366
459
Hermes
Darkhan Nekhii
Mogoin Gol
Genco Tour Bureau
Silikat
Mongolia Development
Resources
Makh Impex
Aduunchuluun
Gazar Suljmel
Niislel Urguu
Moninjbar
Teever Darkhan
Mongol Ceramic
Mongol Savkhi
Naco Tulsh
Mon-It Buligaar
Darkhan Hotel
Ikh Barilga
-3.45%
-2.86%
3.17%
0.78%
16.24%
-2.65%
23.12%
0.00%
-0.51%
1,801
1,904
30,000
9,870
250
23,500
9,240
1,073
209
6,000
24,960
5,000
2,000
3,506
33,000
9,870
330
28,500
9,240
1,600
266
6,200
28,999
6,500
1,600
1,405
13,500
5,247
243
23,500
2,715
1,000
149
5,700
24,960
4,800
9.2%
5.6%
106.9%
63.7%
-16.9%
-17.5%
146.3%
-14.2%
13.0%
-3.2%
-13.6%
-3.8%
6,845
6,000
5,436
4,302
3,967
3,839
2,946
2,656
2,637
2,401
2,233
1,985
4.1
3.6
3.2
2.6
2.4
2.3
1.7
1.6
1.6
1.4
1.3
1.2
141,105
727,375
316,525
34,962
7,587,858
21,759
143,212
108,027
604,016
8,442
8,049
33,554
84
432
188
21
4,502
13
85
64
358
5
5
20
448
226
380
236
435
311
407
51
314
21
425
120
Chatsargana
Mongol Makh Expo
Darkhan Khuns
Mongol Shevro
Buunii Khudaldaa
Dornod Khudaldaa
Tsagaan Tolgoi
USIB
Undraga Umnugobi
Durvun-Uul
Ereentsav
Tsagduultai
2,352
4,781
3,950
1,391
849
10,000
6,530
8,000
4,158
1,260
3,600
6,990
4,000
4,781
5,750
1,470
860
10,490
9,500
8,626
4,158
1,360
4,000
7,900
1,400
1,800
1,275
1,000
370
7,000
6,520
8,000
2,805
850
1,500
889
-41.2%
165.6%
163.3%
39.1%
111.7%
25.0%
-16.3%
0.0%
48.2%
5.0%
135.3%
494.9%
1,678
1,571
1,492
1,280
1,080
740
724
659
394
383
359
350
1.0
0.9
0.9
0.8
0.6
0.4
0.4
0.4
0.2
0.2
0.2
0.2
68,522
437,018
58,567
24,593
26,407
383,512
13,084
11,523
15,376
2,299
37,716
97,255
41
259
35
15
16
228
8
7
9
1
22
58
61
438
397
315
Juulchin Gobi
4,250
7,000
4,250
Bayan Aldar
1,400
2,500
355
Bayalag Nalaikh
704
900
530
Bayankhairkhan
700
700
100
Source: MSE, Bank of Mongolia, Eurasia Capital
-9.95%
10.83%
-0.07%
14.90%
0.00%
-1.18%
15.00%
3.77%
0.00%
0.00%
-5.81%
0.00%
18.62%
14.98%
31.67%
15.92%
0.00%
11.11%
0.00%
0.00%
0.00%
14.55%
0.00%
0.00%
15.00%
10.94%
-0.36%
2.94%
-18.3%
-41.7%
-9.7%
600.0%
315
284
220
151
0.2
0.2
0.1
0.1
10,561
231,889
10,934
40,992
6
138
6
24
90
458
396
460
309
354
209
195
522
13
379
484
530
22
532
528
71
444
521
317
524
Close
52 Wk
low
3,100
1,902
3,700
4,500
6,600
2,700
943
9,000
2,950
35,000
5,000
Daily Turnover
(52Wk Avg)
Market Cap
288,236
157,732
92,287
83,198
73,461
37,367
34,382
33,848
33,000
20,307
19,825
US$m
n
171.0
93.6
54.8
49.4
43.6
22.2
20.4
20.1
19.6
12.0
11.8
6,255,282
3,401,712
1,011,337
566,869
3,488,884
940,808
276,747
101,322
2,571,640
853,200
244,247
3,712
2,018
600
336
2,070
558
164
60
1,526
506
145
10.5%
-10.1%
5.7%
-24.1%
15,459
13,376
13,308
13,070
9.2
7.9
7.9
7.8
415,436
3,691,362
1,283,663
994,085
247
2,190
762
590
57.6%
101.8%
6.9%
-5.6%
-1.0%
12,499
12,160
11,532
9,350
9,128
7.4
7.2
6.8
5.5
5.4
1,163,182
5,276,225
88,817
470,626
445,147
690
3,131
53
279
264
w-o-w
y-t-d
2.11%
-0.17%
4.76%
6.90%
-4.46%
4.18%
10.75%
18.48%
1.69%
0.00%
-0.07%
1.8%
-66.0%
-16.7%
-38.0%
-18.4%
6.5%
-28.2%
152.1%
-17.2%
28.0%
186.9%
www.eurasiac.com
MNTmn
MNT
US$
12
October 14 (Monday)
Symbol
Curren
cy
Close
Price
MktCap
276:HK
HKD
0.242
210.87
52 wk
high
0.53
61:HK
HKD
0.138
51.56
0.375
1166:HK
1878:HK
2953:HK
975:HK
HKD
HKD
HKD
HKD
0.4
9.06
0.385
1.26
13.54
212.63
282.61
602.05
1733:HK
APU:MO
TTL:MO
BAN:MO
SHV:MO
MCH:MO
SHG:MO
BEU:MO
HKD
MNT
MNT
MNT
MNT
MNT
MNT
MNT
0.63
3880
2995
4400
6200
1329
7180
5510
IVN:US
AKM:AU
MATD:LN
USD
AUD
GBp
Daily
Volume
(3M)
Performance
0.00%
y-t-d
%
-35.47
0.132
-25.41%
-52.41
170,082
0.78
22.3
0.48
4.69
0.33
7.61
0.165
1.23
8.11%
0.33%
1.32%
-5.26%
-17.53
-42.59
102.63
-66.84
30,452
90,706
221,864
363,328
306.56
172.03
94.14
55.08
49.66
20.52
43.84
62.69
1.49
4199
10000
6000
10230
2090
10250
6700
0.4
3100
1861
3700
4500
920
6500
2700
3.28%
-0.05%
-0.17%
4.76%
6.90%
-3.35%
-4.46%
0.00%
-51.54
1.76
-65.97
-16.67
-38.00
-28.16
-18.36
-12.54
4.12
0.06
3.25
4,144.72
37.39
14.40
9.62
0.18
9
3.815
0.033
3.125
-1.44%
0.00%
4.00%
-45.86
-11.76
-49.02
CAD
CAD
CAD
CAD
GBp
GBp
AUD
AUD
4.37
0.055
0.32
0.1
7.875
148
0.081
0.09
995.37
5.84
45.24
23.41
44.77
200.13
18.54
16.98
12.3
0.36
0.7
0.185
14.25
158
0.225
0.18
2.98
0.04
0.245
0.075
6.125
86.591
0.05
0.032
-5.62%
-42.11%
-20.00%
0.00%
-1.56%
-1.33%
0.00%
0.00%
-53.06
-71.05
-28.89
-13.04
-41.12
20.61
-50.91
12.50
480,085
2,325
199
75
740
101
479
5,456
10,931,1
70
32,808
4,901
1,992,33
8
32,761
21,982
33,097
2,502
7,794
3,820
17,539
CAD
AUD
CAD
0.07
0.005
0.025
3.97
7.10
4.99
0.285
0.034
0.14
0.07
0.005
0.01
-12.50%
-16.67%
0.00%
-60.00
-68.75
-77.27
2,700
7,148
1,204
CAD
AUD
AUD
AUD
2.33
0.006
0.13
0.035
77.19
5.19
78.16
17.53
4.5
0.021
0.625
0.13
2.05
0.006
0.088
0.025
-12.41%
-14.29%
4.00%
-22.22%
N/A
-45.45
-76.99
-56.25
45,365
2,386
26,020
528
US$mn
MONGOLIA ENERGY CORP LTD
NORTH
ASIA
RESOURCES
HOLDING
SOLARTECH
INTERNATIONAL
HOLD
SOUTHGOBI RESOURCES LTD
PEACE MAP HOLDING LTD
MONGOLIAN MINING CORP
WINSWAY
COKING
COAL
HOLDINGS
APU JSC
TAVANTOLGOI JSC
BAGANUUR JSC
SHIVEE OVOO JSC
Mongolian Telecom
SHARYN GOL JSC
BERKH UUL JSC
TURQUOISE HILL RESOURCES
LTD
ASPIRE MINING LTD
PETRO MATAD LTD
Price
www.eurasiac.com
52 wk
low
0.21
w-o-w
13
US$mn
72,527
October 14 (Monday)
CONTACTS
Research:
Ulziibayar Batbuyan
Amgalanbileg
KhashErdene
Munkh-Erdene
Davaasuren
IB, Associate
ulziibayar.batbuyan@eurasiac.com
Analyst
amgalanbileg.khasherdene@eurasiac.com
Analyst
munkherdene.davaasuren@eurasiac.com
Broker
narantsatsral.batgerel@eurasiac.com
Broker
buyantogtokh.myagmartseren@eurasiac.com
Address:
MONGOLIA
Suite 314, Regency
Olympic street-16
Ulaanbaatar, Mongolia
Tel./Fax: +(976) 7711 9799
Eurasia Capital is an investment bank with a focus on Mongolia and other resource-rich Asian
countries. Headquartered in Ulaanbaatar, the Firm offers cross border M&A and advisory, capital
raising, sales & trading and research services to its international and regional clients including
government agencies, major energy and resource companies, sovereign wealth funds, private equity
groups and global portfolio investors. For more info, please visit our website: www.eurasiac.com
DISCLAIMER
This Mongolia Weekly is made for information purposes only, and does not constitute an offer, solicitation of an offer to purchase,
hold, sell, invest or make any other financial decision. In making decisions, investors may rely on their own examinations of the
parties and risks involved. Information contained in this research product is obtained from the sources believed to be accurate and
reliable. Because of the possibility of human or mechanical error as well as other factors such information provided 'as is" without
warranty of any kind and Eurasia Capital Ltd., in particular, make no representation or warranty, express or implied, as to accuracy,
timeliness, completeness, merchantability or fitness for any particular purpose of any such information. Under no circumstances,
Eurasia Capital Ltd. have any liability to any person or entity (-ies) for (a) any loss or damage in whole or in part caused by, resulting
from, or relating to, any error (negligible or otherwise) or other circumstances or contingency within or outside the control of any of
their directors, managements, officers, employees, or agents in connection with compilation, analysis, interpretation, communication,
publication or delivery of any such information, or (b) any direct, indirect, special, consequential, compensatory or incidental
damages whatsoever (including without limitation, loss profits) even if Eurasia Capital Ltd. is advised in advance of the possibility of
such damages, resulting from the use of or inability to use, any such information.
www.eurasiac.com
14