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- Mongolian Market Updates | July 30, 2024
Mongolian Market Updates | July 30, 2024
Market News | MinePro
Munkhbayar Byambadorj
July 30, 2024
✌🏼 Good morning,
The deadline for releasing financial and operational reports for the first half of the year was last week. With the release of earnings, stocks of companies with strong financial performance are seen to increase by approximately 10%.
In this week’s newsletter:
Market News
MinePro 2024 event
🏦 Market News
Monlogistics Group [MSE: MLG]’s revenue rose by 55% year-on-year in the first half of this year, reaching ₮141.9 billion. Transported cargo increased by 12.8% compared to the previous year, totaling 570 thousand tons. As a result, net profit grew by 45.2% to ₮6.6 billion. Their share price has remained relatively stable.
The operating income of the Mongolian Stock Exchange [MSE: MSE] increased by 72.6% compared to last year, reaching ₮8.6 billion. Consequently, the net profit surged 8.5 times from the previous year and reached ₮17.8 billion. After reaching an all-time high of ₮500, the stock price fell by 5%.
In the first half of this year, Premium Nexus [MSE: CUMN] experienced a 57.7% year-on-year revenue growth, leading to a net profit of ₮10.7 billion. Their share price is up by 5%.
Total assets of Suu [MSE: SUU] increased by 43% year-on-year to ₮130 billion. Sales revenue grew by 30% in the first half of this year, amounting to ₮95.9 billion. As a result, net profit increased by 37% to ₮12 billion.
MSE top 20 index reached an all-time high of ₮49,677.
Revenue of Gazar Shim Factory [MSE: GAZR] rose by 20% year on year to ₮20.9 billion. Net profit increased by 35.1% in the first half of this year, amounting to ₮5 billion.
Mongol Basalt [MSE: MBW]’s sales revenue reached ₮5 billion in the first half of this year, an increase of 29% from last year. As a result, net profit increased by 41% to ₮510 million.
Actively traded USD bonds are shown below.
USD bonds | Coupon | Bond Yield | Maturity |
|---|---|---|---|
MGMTGE 2027 | 11.50% | 11.79% | 01/18/27 |
GLMTMO 2027 | 11.00% | 10.91% | 05/20/27 |
MONMIN 2026 | 12.50% | 8.74% | 09/13/26 |
DBM 2026 | 11.00% | 8.98% | 03/07/26 |
MONGOL 2026 | 5.125% | 6.41% | 04/07/26 |
MONGOL 2027 | 3.5% | 6.94% | 07/07/27 |
MONGOL 2028 | 8.65% | 6.83% | 01/19/28 |
MONGOL 2029 | 7.875% | 6.84% | 06/05/29 |
MONGOL 2031 | 4.45% | 6.82% | 07/07/31 |
📢 MinePro 2024 📢
CMM will co-organize the MinePro 2024 International Quarrying and Mining Exhibition & Convention on October 2-5.
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, specifically focused on advancing sustainable mining practices and driving innovation in the Asian market. 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.
🟣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.
