Capital Markets
From The Report: Mongolia 2015
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The capital markets in Mongolia have recently benefitted from a series of positive reforms, key hirings and the introduction of new legislation. Together, these measures promise to help breathe life back into the country’s stocks and bonds. After almost four years of declining equity prices, more than half a decade with virtually no initial public offerings (IPOs) and weaker demand for Mongolia’s foreign currency bonds, serious efforts are underway to attract investors. Given Mongolia’s open markets and abundant natural resources, its fundamental value is clear. The sense is that, once key problems are tackled, the country’s capital markets will boom.
This chapter contains an interview with D. Angar, CEO, Mongolian Stock Exchange.
Articles from this Chapter
Key reforms to Mongolia’s capital markets regulation promise better days ahead
D. Angar, CEO, Mongolian Stock Exchange (MSE)OBGplus
Interview: D. Angar What efforts are under way to develop Mongolia’s capital markets and make the MSE function better? D. ANGAR: For Mongolia to reach its full potential, it needs to develop its capital markets. One of the principal ways of doing so is to build a viable, functioning stock exchange. For too long, the public and private sectors have considered the MSE ineffective, with low trading volumes and antiquated technology. We are therefore working to reform the exchange to make it more…
APU: BeveragesOBGplus
The Company Established in 1924, three years after Mongolia’s communist revolution, APU – which comes from the name Arkhi Pivo Undaa, meaning “vodka, beer, drinks” – is the country’s largest beverage producer and its first national brand. APU was partially privatised in 1992 with 51% of its shares retained by the state and 49% floated on the Mongolian Stock Exchange. In 2001 the remainder of the state’s shares were sold in public auction. APU has a market share of around 52% in the Mongolian beer market, down from 55% in 2011, and a market share of 64% in the country’s vodka market, up from 58% in 2011. It produces five brands…
APU: BeveragesOBGplus
The Company Established in 1924, three years after Mongolia’s communist revolution, APU – which comes from the name Arkhi Pivo Undaa, meaning “vodka, beer, drinks” – is the country’s largest beverage producer and its first national brand. APU was partially privatised in 1992 with 51% of its shares retained by the state and 49% floated on the Mongolian Stock Exchange. In 2001 the remainder of the state’s shares were sold in public auction. APU has a market share of around 52% in the Mongolian beer market, down from 55% in 2011, and a market share of 64% in the country’s vodka market, up from 58% in 2011. It produces five brands…
Gobi: Garments & textilesOBGplus
The Company Gobi was established in 1981 with Japanese economic and technical assistance to process natural goat and camel hair and produce cashmere and camel wool products from these fibres. The company has since developed into one of the five largest cashmere producers in the world, and currently employees around 1000 people. Gobi was partially privatised in 1993, when 26.5% of its equity was floated on the Mongolian Stock Exchange. In July 2007 the remaining shares were sold for $13.85m to a Japanese consortium, Toshisoke Investment Bank and HS Security. The company currently exports its products to more than 200 companies across 40 countries,…
Gobi: Garments & textilesOBGplus
The Company Gobi was established in 1981 with Japanese economic and technical assistance to process natural goat and camel hair and produce cashmere and camel wool products from these fibres. The company has since developed into one of the five largest cashmere producers in the world, and currently employees around 1000 people. Gobi was partially privatised in 1993, when 26.5% of its equity was floated on the Mongolian Stock Exchange. In July 2007 the remaining shares were sold for $13.85m to a Japanese consortium, Toshisoke Investment Bank and HS Security. The company currently exports its products to more than 200 companies across 40 countries,…
Mongolian Mining Corporation: MiningOBGplus
The Company Mongolian Mining Corporation (MMC) is a coking coal production and export company headquartered in Ulaanbaatar, Mongolia, and was the first local coking coal producer to be listed on the Hong Kong Stock Exchange. The company participates in the mining, processing and manufacturing of coal products, and owns and operates an open-pit coking coal mine at the Ukhaa Khudag deposit in the Tavan Tolgoi coal formation and a second mine at the Baruun Naran deposit, both of which are located in the South Gobi region. MMC is also involved in the construction of a coal handling and preparation plant that will help support its mining business…
Mongolian Mining Corporation: MiningOBGplus
The Company Mongolian Mining Corporation (MMC) is a coking coal production and export company headquartered in Ulaanbaatar, Mongolia, and was the first local coking coal producer to be listed on the Hong Kong Stock Exchange. The company participates in the mining, processing and manufacturing of coal products, and owns and operates an open-pit coking coal mine at the Ukhaa Khudag deposit in the Tavan Tolgoi coal formation and a second mine at the Baruun Naran deposit, both of which are located in the South Gobi region. MMC is also involved in the construction of a coal handling and preparation plant that will help support its mining business…
Tavan Tolgoi: MiningOBGplus
The Company Separate from Erdenes Tavan Tolgoi, Tavan Tolgoi (TT), or small Tavan Tolgoi, is one of the largest coal mining companies in Mongolia. TT has around 80m tonnes of coking coal reserves and 100m tonnes of high-grade thermal coal reserves. The company operates in Tavan Tolgoi, one of the world’s largest untapped coking and thermal coal deposits, located 267 km from the Chinese border in the Gobi desert in southern Mongolia. According to exploration work conducted under the Soviets, the deposit is estimated at 6.4bn tonnes of resources. TT is set to gain a competitive advantage in 2015, thanks to its location next to a new railway…
Tavan Tolgoi: MiningOBGplus
The Company Separate from Erdenes Tavan Tolgoi, Tavan Tolgoi (TT), or small Tavan Tolgoi, is one of the largest coal mining companies in Mongolia. TT has around 80m tonnes of coking coal reserves and 100m tonnes of high-grade thermal coal reserves. The company operates in Tavan Tolgoi, one of the world’s largest untapped coking and thermal coal deposits, located 267 km from the Chinese border in the Gobi desert in southern Mongolia. According to exploration work conducted under the Soviets, the deposit is estimated at 6.4bn tonnes of resources. TT is set to gain a competitive advantage in 2015, thanks to its location next to a new railway…
