Mongolian Market Updates | December 24, 2024

🌄 Good morning!

On December 16, 2024, the Board of Directors of Bogd Bank [MSE: BOGD] decided to become a closed joint-stock company.

🗞️ In this week’s newsletter:

• Client News

• Market News

🟣 Client News

🚂 Monlogistics Holding JSC had announced its plan to use funds raised from the IPO to purchase wagons for export transportation. The company has received its first fleet of wagons in line with this plan.

Initially, 50 open-top wagons were purchased, and the company plans to acquire additional wagons in the first quarter of 2025.

👀 This investment is significant for exporting mining products and increasing the group’s revenue.

🏛️ Market News

• A total of 62,000 shares of Ulaanbaatar Carpet [MSE: UBH] were traded in a block trade, valued at ₮2.5 billion.

• A total of 35,000 shares of Tavan Tolgoi [MSE: TTL] were traded in a block trade, valued at ₮472 million.

• A total of 1,050,000 shares of APU [MSE: APU] were traded in a block trade, valued at ₮1 billion.

• A total of 5.3 million shares of Ard Credit NBFI [MSE: ADB] were traded in a block trade, valued at ₮450 million. Since December, a block trade worth ₮1 billion has been executed, and the stock price has increased by 2% during this period.

🟣CMM Services

Capital Markets Mongolia (CMM) specializes in providing strategic advisory to public companies on optimizing investor relations (IR) and 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.