Mongolian Market Updates | November 05, 2024

New Issue Alert | Market News

November 05, 2024

🌄 Good morning!

The Mongolia Investment Forum Singapore 2024, organized by CMM, was held successfully. The first day took place at the Singapore Stock Exchange, where discussions focused on presenting investment opportunities in Mongolia's capital market to potential investors and exploring dual-listing possibilities on the exchange.

On the second day, discussions centered on Mongolia's energy sector reforms and strategies for financing the country's future development.

🗞️ In this week’s newsletter:

  • New Issue Alert: CMM Guide

  • Market News

🔔 New Issue Alert - CMM Guide: Green Financing

TML Plastic LLC has successfully issued a “Green Bond” on the Mongolian Stock Exchange, attracting investment for its project to recycle plastic waste marked with PET. The primary market offering of the first tranche of this program was completed successfully, raising a total of USD 11 million.

This marks the second issuance of a Green Bond in Mongolia, serving as an example of green financing aimed at environmental protection and waste reduction.

As a reminder, CMM is preparing to provide detailed information on Green Financing, including the process of issuing a Green Bond, in the upcoming edition, CMM GUIDE.

Opportunities for collaboration on the CMM Guide: Green Finance edition are open!

🏛️ Market News

  • In Q3 2024, Premium Nexus [MSE: CUMN] reported sales revenue of ₮434 billion and a net profit of ₮26 billion.

  • Trade and Development Mongolia [MSE: TDB] released its Q3 2024 earnings report, showing an interest income of ₮772 billion, a 51% increase year-over-year. Net profit increased 83% from the same period last year to ₮200 billion.

🟣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.