Mongolian Market Updates | October 23, 2024

🌅 Good morning,

Mongolia’s top 5 banks, except the Trade and Development Bank [MSE: TDB], have released their 3rd quarter 2024 financial reports. State Bank [MSE: SBM] saw the largest growth in total assets, rising 34% to reach ₮5.5 trillion. Golomt Bank [MSE: GLMT] reported the biggest increase in loans, up 59% year-over-year to ₮6.9 trillion. Additionally, its net profit surged by 167% to ₮348 billion, marking the highest growth among the top banks.

In this week’s newsletter:

• CMM Financial PR

• Mongolia Investment Forum: Singapore 2024

• Market News

🎊 CMM Financial PR 🎊

CMM launches Financial PR Services.

Promoting financial and capital market products through PR and marketing campaigns is complex. It requires a deep understanding of how to connect the financial sector with the public, which is now one of the industry’s biggest challenges.

CMM has introduced a full range of financial PR services, drawing on domestic and international best practices to address this. Our services encompass complete PR campaigns for IPOs and bonds while promoting a wide variety of financial, investment, and insurance products to the public and investors at a professional level.

📬 Email: [email protected]

🚀 Mongolia Investment Forum: Singapore 2024

Join us for an engaging panel discussion exploring the future of Mongolia's energy sector.

Moderator:

• Thomas Lubeck, Regional Manager, PPP Transaction Advisory Services, IFC - International Finance Corporation

Panelists:

• T. Dorjkhand, Deputy Prime Minister of Mongolia

• B. Baatarmunkh, CEO, Newcom Group

• L. Zula , CEO, Sunsteppe Renewable Energy

Our expert panelists will delve into innovative strategies for renewable energy development, investment opportunities in the energy market, and policy directions that enhance energy efficiency and sustainability.

This is a unique opportunity to hear insights from industry leaders and engage in a meaningful conversation about shaping a sustainable energy future for Mongolia.

🏛️ Market News

• Xanadu Mines [ASX: XAM] has presented the preliminary Feasibility Study (PFS) for its “Kharmagtai” project. According to the study, the Kharmagtai deposit is expected to produce 75,000 tonnes of copper and 165,000 ounces of gold annually over 29 years.

• A total of 639,000 shares of KHAN Bank [MSE: KHAN] were traded in a block trade, valued at ₮640 million.

• State Bank [MSE: SBM] reported total assets of ₮5.6 trillion in Q3 2024, a 35% increase compared to the same period last year. Total loans grew by 39% to reach ₮3.3 trillion, while net profit increased by 24% to ₮74 billion.

• KHAN Bank [MSE: KHAN] saw total assets reach ₮20 trillion in Q3 2024, a 24% increase year-over-year. Total loans grew by 23% to ₮10.8 trillion. Interest income increased by 26% to ₮1.88 trillion, and net profit grew by 10% to ₮466 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.