Mongolian Market Updates

📢 CMM is pleased to announce the launch of our newsletter, designed to provide weekly market updates on the Mongolian market, CMM research, and events.

📝 In our first edition of the newsletter:

• Monthly Market Update

• MinePro 2024 event

👐 Please enjoy!

Monthly Market Update - May, 2024

In the first week of each month, we will provide you with an insightful report offering comprehensive analysis and insights into Mongolia's economic and financial landscape. This report will include our featured stories and commentary on the latest trends and developments.

In May, positive economic data, including a trade surplus and less-than-expected inflation and industrial output figures, prompted the Bank of Mongolia (BOM) to cut the policy rate by 2pct to 11pct this year. However, the impact of this decision has yet to be reflected in the fixed income market, as average coupon rates for the new issues on the OTC market remain unchanged year-to-date.

Economic Highlights

• Inflation: In May, the inflation rate decreased to 5.7%, which is an decrease by 5.6 points YoY, mainly driven by inflation rate decrease in main trading partners countries as well as the appreciation of MNT against USD and  the decrease in prices of imported goods since the June 2021. 

• Trade: In the first 4 months of this year, coal exports increased by 1 billion US dollars compared to the same period last year, and net foreign currency inflow reached 579 million US dollars.

Bond Market

• There has been a significant decrease in primary market activity on the OTC market compared to the previous month. Primary market trading volume fell by 93%, representing MNT 4.0 billion.

• As of April 30th, 2024, the total value of outstanding bond issues on the market stood at MNT 1.58 trillion.

📢 MinePro 2024 📢

We are excited to announce that the CMM will organize the third day of the MinePro Mongolia 2024 International Quarrying and Mining Exhibition & Convention organized by Mongolian National Mining Association.

The "MinePro 2024" exhibition will feature various stakeholders including supplier enterprises, mining project owners, international investors, financial institutions, consulting services, technology providers, and other service providers.

This event will serve as a platform for knowledge exchange, strategic partnerships, and investment opportunities, with a specific focus on advancing sustainable mining practices and driving innovation in the Asian market. Together, we aim to promote mutually beneficial global partnerships among local mining companies, development agencies, and international and local financial organizations. For more detailed information about the event, please click HERE.

If you are interested in participating in the event, please click HERE to register.

"Opportunities on the Toronto Stock Exchange: Navigating Listings & Regulations" webinar was successfully held on June 24.

🟣One of our webinar series, designed to provide market participants with valuable insights and information on the market, took place on Monday, June 24th.

This webinar provided all market participants with thorough and comprehensive information regarding the Toronto Stock Exchange (TSX), types of cross-listings available for overseas issuers, its requirements, as well as Canada’s filing and reporting requirements.

CMM Services

Capital Markets Mongolia (CMM) specializes in providing strategic advisory to public companies on optimizing investor relations (IR), as well as advising on upcoming IPOs, bond issuances, and effective participation in the capital markets with a focus on efficiency and reputation. Additionally, we undertake market research and provide financial PR services.