Mongolian Market Updates | October 29, 2024

🌄 Good morning!

Petro Matad Limited (AIM: MATD), an oil exploration company in Mongolia, has announced the start of oil production at its Heron-1 well located in the Block XX Production Sharing Contract area in Dornod province Mongolia. Founded in 2005, Petro Matad was listed on the London Stock Exchange in 2008 and has invested $67 million in the project since its inception. We look forward to seeing more projects like Petro Matad come to fruition in Mongolia.

🗞️ 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 Mongolia’s Debt Market Dynamics and Credit Ratings.

Moderator:

• Robert Hong, Head of Asia Credit, StoneX Group Inc.

Panelists:

• B. Erdenedelger, First Deputy CEO, KHAN Bank

• Randolph Koppa, Chairman, Trade and Development Bank

• D. Irmuun, Economic Adviser to the Prime Minister of Mongolia

Our expert panelists will explore innovative strategies for developing Mongolia's debt market, investment opportunities within the credit landscape, and policy directions to strengthen financial resilience and creditworthiness.

This is a unique opportunity to gain insights from industry leaders and engage in meaningful discussions about shaping a robust debt market and enhancing Mongolia's credit ratings.

🏛️ Market News

• In Q3 2024, MGL Aqua [MSE: MGLA] reported sales revenue of ₮19.1 billion and a net profit of ₮3.4 billion.

• "TJTB" LLC issued a green USD bond, the second of its kind on the Mongolian Stock Exchange [MSE: MSE], with a total issuance of $10 million over three years at an annual interest rate of 10%.

• LendMN NBFI [MSE: LEND] released its Q3 2024 earnings report, showing a total loan portfolio of ₮210 billion, a 112% increase year-over-year. Net profit rose 121% from the same period last year to ₮10.4 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.