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BDSec JSC
Mongolia's Largest Stock
Brokerage and Investment Bank

Client Service: /Overseas/ 
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  • Announcement of Rights Offering Closure
    Monday, 13 October 2014
    bdsec_logo.jpgBDSec JSC’s Shareholders approved to issue additional shares equal to 35.29% of the company’s outstanding shares through its Annual General Meeting on April 18, 2014. As the company’s existing shareholders were given preemptive rights to purchase the newly issued shares before a public issue 32.61% of the total issue or 1,956,625 shares worth of MNT 3,778,242,875 have been subscribed by the existing shareholders. The majority of BDSec’s shareholders including “Firebird Management” of USA, institutional and individual investors from Japan, Germany and Turkey have all exercised their preemptive rights. It simply proves that foreign investors are still committed and confident of the future potentials of the Mongolian capital markets.

  • Parliament adopts drafts on changes in government
    Wednesday, 08 October 2014
    parliament_3.jpgA plenary meeting of the autumn parliamentary session on Tuesday evening approved amendments to laws on government structure and on government composition. After having considered some controversial matters, a majority of MPs (74%) passes the draft amendments to these laws and to the draft resolution of parliament on altering the parliamentary resolution appendix on approving the structure of state administrative bodies.

  • Premier proposes changes in government structure
    Thursday, 02 October 2014

    c98f94f40157770b2c759e6a29a9730b_xl.jpgThe Prime Minister and the MP N.Altankhuyag presented Thursday to the Speaker Z.Enkhbold a draft law on amending the law on Government. The current structure of the Government for reforms has 16 Ministries which has allowed to reach an efficiency in implementing policies on economics, construction and urban planning, in roads and transportation, and to increase  investments, said the Premier. A new structure has been suggested in order to forward the economic growth, to ensure social and economic development, and to undertake measures for implementing the Government's action plan, he stressed.

     


  • Parliamentary session begins
    Wednesday, 01 October 2014

    parliament_2.jpgThe State Great Khural's (parliament) autumn session began on Wednesday. This session intends to discuss 26 issues and to make some changes in the government, as the public expects. The official agenda include, as we informed before, measures of the government for implementation of policy on railroad transportation, a draft budget of 2015, a draft law on crime.


  • Fire at MCS Group's Shangri La Hotel
    Tuesday, 30 September 2014
    e2103afd9561086841a6677f259acdc3big.jpgMCS Group's flagship Shangri La Hotel in Ulaanbaatar caught fire on Tuesday, September 30th. The City Emergency Management Division and Fire Brigade has been working with their full resources available to extinguish the fire at the 5-star luxury hotel east of Chinggis Khaan Square (formerly known as Sukhbaatar Square).

  • SouthGobi Resources Announces the Completion of the Construction of a Paved Coal Highway to Mongolia-China Border
    Monday, 29 September 2014
    southgobi_resources.jpgSouthGobi Resources Ltd. ("SouthGobi") announced today that construction of a paved highway from the Ovoot Tolgoi Complex to the Shivee Khuren Border Crossing has been completed. Traffic opening ceremony of the highway was held on September 27, 2014. "With the completion of the paved highway, I am pleased to announce that we have achieved one of our key objectives for 2014. The highway will significantly increase the safety of coal transportation, reduce environmental impacts, and improve efficiency and capacity of coal transportation" said Ross Tromans, President and CEO.

  • Oyu Tolgoi's Board of Directors to meet in October
    Thursday, 25 September 2014
    oyu-tolgoi-logo1.pngOyu Tolgoi's Board of Directors will hold a meeting to discuss the new feasibility study of the underground expansion of the Oyu Tolgoi project on October 2nd. Mining Minister D.Gankhuyag commented, "After the feasibility study of the underground expansion of Oyu Tolgoi is discussed by Oyu Tolgoi's Board of Directors, the Mongolian Minerals Resource Council will also review it. Efforts will be made to have the feasibility study discussed."

  • Oyu Tolgoi Finalizes Underground Feasibility Study
    Wednesday, 24 September 2014
    oyu-tolgoi-logo1.pngTurquoise Hill Resources today announced that the 2014 Oyu Tolgoi Feasibility Study (the "Feasibility Study") has been finalized and presented to the board of directors of Oyu Tolgoi LLC. The Feasibility Study includes analysis of two production cases - the 2014 Reserve Case and the 2014 Life of Mine (LOM) Case.

  • Turquoise Hill Provides Update on Mongolian Tax Authority Ruling and Tailings Thickener Rake Repair
    Wednesday, 24 September 2014
    trq.jpgTurquoise Hill Resources today announced that it has completed a detailed review of the tax ruling of the Tax Dispute Resolution Council of the Mongolian General Taxation Department issued on September 10, 2014. The ruling has reduced the amount of tax, interest and penalties claimed to be payable by Oyu Tolgoi LLC, from approximately USD $127 million to approximately USD $30 million.

  • Mongolian developments set to woo Middle East investors
    Tuesday, 23 September 2014
    mongoltower_2014_09_20.jpg The mixed-use Mongol Tower, costing in excess of $300 million once completed, is to be situated in 1.1 hectares of prime city centre real estate, with a built up area of 7,700 square metres, in the central business district, just 10 minutes’ walk from Sukhbaatar Square, the location of the Government House and Capital Centre.

  • Mongolian Government to privatize state companies
    Monday, 22 September 2014

    untitled19-960x500.pngThe issue of privatization of MIAT might become more challenging topic rather than government’s restructure. Some independent parliament members are already started the preparation of the privatization. There is some sources have informed that some members of the majority group in the Parliament candidates to compete among independent members for the privatization as well through their trusted person whom will be appointed inside of MIAT. However, MIAT is the biggest within all airline companies, its economical efficiency has been poor for the past years. Also the company management is too much dependent from political influences. There is a unwritten law that MIAT should be managed by trusted person from leading political party in the Parliament. There are rumors, that two years ago, the leading power let MIAT issues to the hand of independent members of the parliament. Since that MP Davaasuren’s became a strong player in this field. It remains uncertain, if past two years played an important influence to independents members, whether they are figured out the possibility to run this field more profitable.


  • WPP makes first acquisition in Mongolia
    Friday, 19 September 2014
    yr.pngY&R, the WPP-owned ad agency, has acquired the creative and research arm of Mongolian conglomerate MCS Holding. The newly acquired agency is to be branded Y&R Mongolia, and is the first acquisition WPP has made in the fast growing Asian country. The announcement from WPP: WPP announces its wholly owned operating company Y&R Advertising has agreed to acquire the creative and research agency of MCS Holding LLC, one of Mongolia’s largest conglomerates.
     

  • Genie Energy Signs Agreement for Additional Oil Shale Exploration in Mongolia
    Thursday, 18 September 2014
    genie.jpg Genie Energy Ltd. said today that its subsidiary, Genie Oil Shale Mongolia, LLC (GOSM), has signed a prospecting agreement with the Petroleum Authority of Mongolia (PAM). The new exploration block covers twenty-five thousand square kilometers in Central Mongolia southeast of the Mongolian capital, Ulaanbaatar. The agreement, the first to be signed under recently passed legislation, also provides a framework under which the company can request a commercial production agreement once a specific suitable resource and location are identified.

  • Oyu Tolgoi Receives Decision From Mongolian Tax Authority
    Wednesday, 17 September 2014
    trq.jpgTurquoise Hill Resources announced that today Oyu Tolgoi has received a written decision from the Mongolian Tax Authority on the pending tax act. Following translation of the ruling, Oyu Tolgoi will review it in detail and evaluate the implications of the decision. Turquoise Hill will update the market in due course.

  • Exploration licenses to be issued
    Tuesday, 16 September 2014

    mining.jpgMinister of Mining D.Gankhuyag and a chairman of Authority for Minerals D.Uuriintuya informed the media on Monday that the exploration licenses will be issued starting from September 24. This time, the licenses will be allowed according to geographical coordinates, which will bring orderliness, scientific accountability and assessment in the exploration and exploitation of minerals. In order to put a transparency into the process, an online queue programme has been set up for applicants.


  • "Makh Impex" company (MSE:MMX) about horse meat export to Russia
    Monday, 15 September 2014

    mah_impex.gif“We are preparing a process for exporting to Russia a horse meat, about which was discussed a month ago," the "Makh Impex" company's director B.Badmaa was quoted as saying by the MNB on Thursday. Tracks to transport the meat have already come from Russia, "we will export 400 tonnes of horse meat by 20 tonnes in every shipment”.


  • Mongolia Said to Cut Tax Claim in Bid Revive Rio Mine
    Friday, 12 September 2014

    oyu-tolgoi-ooooooo.jpgMongolia has cut the amount of tax it’s claiming from Rio Tinto Group (RIO) in a bid to revive the $4 billion expansion of the Oyu Tolgoi copper and gold mine, people familiar with the situation said. The National Tax Dispute Settlement Council has slashed the tax claim on the project to about $30 million from around $130 million, said two people who asked not to be named because the revised amount hasn’t been made public. Mongolia is waiting for a formal response from London-based Rio, the people said.


  • LSEG extends partnership with Mongolian Stock Exchange
    Thursday, 11 September 2014
    mse_copy.jpgLondon Stock Exchange Group (LSEG) and the Government of Mongolia today announced they have signed an extension to their strategic partnership agreement between LSEG and the Mongolian Stock Exchange (MSE). The agreement, signed by Chultem Ulaan, Mongolia Finance Minister and Xavier Rolet, CEO, LSEG, will extend LSEG’s partnership with the MSE by a further three years and allow the two companies to build on the progress achieved to date.

  • Mongolia outlines steps to reduce default risks
    Wednesday, 10 September 2014
    ot_project.jpgMongolia is determined to reduce default risks on its international debt by resuming a long-stalled $4.2bn copper mine project by the end of this year, bringing government debt levels to within legal limits and cutting back on welfare payments, a senior government official said. Risks associated with the north Asian country surged in July after Moody’s, the credit rating agency, downgraded its bonds by one rung to B2, a rating that signifies “high credit risk”. The reasons for the downgrade included plunging foreign exchange reserves, expansionary monetary and fiscal policies and an unpredictable environment for foreign direct investment (FDI).

  • PM's sudden statement about work results and changes in his cabinet
    Tuesday, 09 September 2014
    542d270c9371a67537ddcb43f6b1a713_l.jpgMongolia has managed to reform many spheres and has started a great construction in a two-year period since the cabinet for reforms set up, started the Prime Minister N.Altankhuyag his statement through several TV channels and radio after it had been announced about his sudden decision to make a statement on Monday evening. “Mongolia constructed power stations with a total capability of 200 MWT in the last 20 years, but the cabinet for reforms has created the same capability energy just in two years. It is not the end, we will build three more power stations with seven-fold more powerful capability in next year’s spring; throughout five cabinets in 12 years, a total of 2,300 km were constructed, the cabinet for reforms has run 2,500 km roads in two years, but this is not a final destination: We will finish connecting centers of all aimags to the UB city by nice paved road; we have achievements in housing, mortgage loan system, industrialization of construction materials, in agriculture and in measures for stabilizing inflation rate". He also mentioned about transferring of budget authority to localities.

Daily Market Update
  • MSE Top 20 Powers Higher by 4.7%
    (July 7, 2014) In one of its strongest performances in the last 3 years, the MSE Top 20 closed 4.7% higher on volume of 54,000,000 MNT. Advancing stocks beat out decliners by a margin of almost 10-1, with 14 stocks trading up the daily limit of 15%.

  • Mongolian shares advance for 4th day in a row
    adl_chart.jpg(June 30, 2014) Mongolian shares advanced for the fourth day in a row. The MSE Top 20 index added +0.59% to end the session at 15,488.80. Out of 20 companies traded on the exchange, 14 stocks gained, 2 fell, and 4 remained same.

  • Mongolian Mining Corporation and Risun to Jointly Market and Sell Coal Products in China
    suu_chart.jpg(June 27, 2014) MSE stocks ended the week in green with 3-day advance. The benchmark index closed +0.46% higher at 15,398.32 points. Five stocks rose for every two stocks that fell on the bourse. Suu (SUU) was the most actively traded stock with MNT 29.9 million worth of shares exchanged hands.

  • APU (APU:MSE) Launches New Milk Factory
    apu_chart.jpg(June 26, 2014) Mongolian shares edged higher on Thursday. State Department Store (UID) was once again the most actively traded stock of the day. The stock closed -3.5% lower at MNT 560. Today APU (APU:MO) officially opened its new milk factory.

  • Turnover for Wednesday at $110 thous.
    (June 25, 2014) uid.jpgMSE stocks rebounded on Wednesday. The benchmark index gained +0.54% to finish the day at 15,326.05 points. State Department Store (UID) was the most actively traded stock of the day. It also led today’s gainers with +9.4% advance. Total of 310 thousand UID shares were changed hands at MNT 580.

  • Rio Disputes Mongolia Claim Over Unpaid Taxes
    mrx_chart.jpg(June 24, 2014) MSE stocks dropped for the second day in a row. The MSE Top 20 index fell -0.59% to sit at 15,243.17 points on Tuesday. Merex (MRX), the newest MSE-listed company, saw its share dropping -4.9% to close at MNT 106.04. The company offered its shares at MNT 100 per share in April. Tavantolgoi (TTL), the second largest company on the MSE by market value, declined -3.4% to sit at MNT 4,807.

  • Chairwoman of the Federation Council of Russia arrives
    suu_chart.jpg(June 23, 2014) Mongolia stocks started the week in red after 2-day advance. The benchmark index dropped -0.57% to 15,333.37 points on Monday. 246 thousand Silikat (SIL) shares worth of MNT 55.4 million were traded on the exchange. The company is buying back its shares at MNT 225.

  • Turnover for Friday at US$ 180 thousand
    tck_chart.jpg(June 20, 2014) MSE stocks ended the week in green. The MSE Top 20 rose +0.81% on Friday to sit at 15,420.95 points. The index gained +1.68% over the week. Mongol Nekhmel’s (MNH) 70 thousand shares worth of MNT 318.8 million were exchanged hands at a price of MNT 4,505 as a block trade.

  • Draft Law on Casino approved by the Cabinet
    beu_chart.jpg(June 18, 2014) On Wednesday, only 8 companies were traded on the MSE, but daily turnover recovered to MNT 32.5 million. Berkh Uul (BEU) was the most actively traded stock during the day. 9,785 shares of BEU worth of MNT 31.3 million changed hands at a price of MNT 3,200.

  • MSE stocks end 3-day advance amid low volume
    shv_chart.jpg(June 17, 2014) Mongolia stocks declined -0.29% ending 3-day advance on Tuesday amid low turnover. Turnover for the day was only MNT 5.5, one of lowest this year. Mongol Nekhmel lost -14.5% to close at MNT 5,300. Shivee Ovoo dropped -6.8% to hit its 9-month low of MNT 4,800. Berkh Uul (BEU) also fell -5.9% to sit at MNT 3,200, its lowest close since April.

     


  • Eight Korean businesses propose opening Mongolian branches
    hgn_chart2.jpg(June 16, 2014) The MSE Top 20 index rose for the third day in a row to gain +0.3% to end at 15,210.38 points. Khukh Gan (HGN) led the gains with +14.7% increase, followed by Hermes (+3.33%). On the other hand, Material Impex (-6.5%) dropped to MNT 14,500, and Makh Impex (-5.2%) fell to MNT 2,920.

  • Silikat buys back shares
    sil_chart.jpg(June 13, 2014) On Friday, almost MNT 3 billion worth of shares changed hands on the MSE. Silikat repurchased MNT 3 billion worth of 13.3 million of its shares. 2013 Silikat Annual General Meeting, which was held last April, decided to cancel the IPO of 2011 and buy back its 16.2 million shares at price of MNT 225 per share.

  • Khukh Gan (HGN) drops to near 5-year low
    hgn_chart.jpg(June 11, 2014) MSE stock dropped on low volume. On the bourse, only 10 companies were traded with total turnover of MNT 11.2 million on Wednesday. Sharyn Gol (SHG), which is the 3rd biggest company in the MSE Top 20 index, fell -5.1% to close at MNT 7,120.

  • MSE stocks fell amid unexpected selloff
    tck_chaty.jpg (June 10, 2014) The unexpected selloff at the MSE resulted the Top 20 index to lost as much as -3.66% after declining -0.05% on Monday. Out of 14 Board A companies traded on the bourse, all except Suu (SUU) ended the session in red.

  • Silikat JSC's securities trading suspended
    mie_chart.jpg(June 6, 2014) Mongolia stocks edged up +0.03% to extend its winning session to four straight trading day. According to Silikat JSC’s shareholders meeting decision of 30 April 2014, FRC announced the suspension of securities trading of Silikat JSC starting from 3 June 2014, according to the Mongolian Stock Exchange.

  • MSE stocks up for third day
    mib_chart.jpg(June 5, 2014)Mongolia stocks close higher for third day in a row. The MSE Top 20 added +0.81% to sit at 15,570.61 points. Moninjbar (MIB), Mongol Nekhmel (MNH), Telecom Mongolia (MCH), and Gazar Suljmel (SUL) gained more than 10 percent.

  • Mongolian stocks rise for second day
    ttl_chart.jpg(June 4, 2014) Mongolia shares closed in green for a second day, following yesterday’s +3.8% increase. The benchmark index added +1.34% to end the session at 15,444.87 points. Out of 31 stocks traded, 17 were up, 9 were down, while 5 stocks remained same. Gutal (GTL), State Department Store (UID), Aduunchuluun (ADL) and Eermel (EER) soared more than 10 percent.