MONGOLIA MONGOLIAN ASSOCIATION OF SECURITIES DEALERS SRO Ms. - - PowerPoint PPT Presentation

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MONGOLIA MONGOLIAN ASSOCIATION OF SECURITIES DEALERS SRO Ms. - - PowerPoint PPT Presentation

Dec 15, 2022 1.28k likes •1.57k views

ASF 2018 - Market Report MONGOLIA MONGOLIAN ASSOCIATION OF SECURITIES DEALERS SRO Ms. Ulziibayar Bold Chair, Board of Directors, MASD Contents Economic Sector Performance of Mongolia Financial Sector Performance of Mongolia 2

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MONGOLIAN ASSOCIATION OF SECURITIES DEALERS SRO

  • Ms. Ulziibayar Bold

Chair, Board of Directors, MASD

ASF 2018 - Market Report MONGOLIA

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 Economic Sector Performance of Mongolia  Financial Sector Performance of Mongolia

Mongolian Association of Securities Dealers SRO 2

Contents

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Mongolian Association of Securities Dealers SRO

Economic performance of Mongolia

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MONGOLIAN ASSOCIATION OF SECURITIES DEALERS Mongolian Association of Securities Dealers SRO

Mongolia: Growth rate of real gross domestic product (GDP) from 2014 to 2018

7,9% 2,4% 1,2% 5,9% 6,1% 0,0% 1,0% 2,0% 3,0% 4,0% 5,0% 6,0% 7,0% 8,0% 9,0% 2014 2015 2016 2017 2018

GDP growth rate

GDP growth rate

Source: National Statistics Office of Mongolia

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MONGOLIAN ASSOCIATION OF SECURITIES DEALERS Mongolian Association of Securities Dealers SRO

Total budget /in billions MNT/

Source: Ministry of Finance

(1.025) (1.165) (3.500) (1.948) (2.503) 4.204,0 3.832,0 3.894,0 5.150,0 5.207,0 5.229,0 4.997,0 7.394,0 7.098,0 7.711,0 (6.000) (4.000) (2.000)

  • 2.000

4.000 6.000 8.000 10.000 2014 2015 2016 2017 2018 Total equilibrated balance Total equilibrated revenues and subsidies Total expenditures and net debt

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Foreign trade /in millions USD/

Mongolian Association of Securities Dealers SRO 6 Source: National Statistical Office

2014 2015 2016 2017 2018 Q3 Export 5.774,6 4.669,3 4.916,3 6.200,7 5.282,8 Import 5.236,6 3.797,5 3.358,1 4.335,5 4.351,1 Foreign trade balance 537,9 871,8 1.558,2 1.865,2 931,7 Foreign trade turnover 11.011,2 8.466,8 8.274,5 10.536,1 9.633,8 0,0 2.000,0 4.000,0 6.000,0 8.000,0 10.000,0 12.000,0 Export Import Foreign trade balance Foreign trade turnover

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MONGOLIAN ASSOCIATION OF SECURITIES DEALERS Mongolian Association of Securities Dealers SRO

Exchange rate /in MNT/

Source: Bank of Mongolia 1884,4 1995,5 2489,53 2427,13 2552,13 500 1000 1500 2000 2500 3000 2014 2015 2016 2017 2018 Q3

MNT/USD Exchange rate

MNT/USD Exchange rate 304,6 307,3 357,96 371,58 370,83 100 200 300 400 2014 2015 2016 2017 2018 Q3

MNT/CNY Exchange rate

MNT/CNY Exchange rate

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MONGOLIAN ASSOCIATION OF SECURITIES DEALERS Mongolian Association of Securities Dealers SRO

Inflation /in percent/

Source: Bank of Mongolia

  • 2

2 4 6 8 10 12 14 2014 Q3 2015 Q3 2016 Q3 2017 Q3 2018 Q3 Monthly Year-to-date Yearly

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MONGOLIAN ASSOCIATION OF SECURITIES DEALERS Source: Bank of Mongolia

12 13 14 11 10 2 4 6 8 10 12 14 16 2014 2015 2016 2017 2018

Monetary policy rate (in percent))

Monetary policy rate (in percent))

Mongolian Association of Securities Dealers SRO

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Source: Bank of Mongolia

12,6 11,9 12,5 13,4 15,9 5 10 15 20 2014 Q3 2015 Q3 2016 Q3 2017 Q3 2018 Q3

Total outstanding loans (in trillions MNT)

Total outstanding loans (in trillions MNT) 5,2 5,2 5,7 7,4 9,4 2 4 6 8 10 2014 Q3 2015 Q3 2016 Q3 2017 Q3 2018 Q3

Total deposits (in trillion MNT)

Total deposits (in trillion MNT)

Mongolian Association of Securities Dealers SRO 10

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MONGOLIAN ASSOCIATION OF SECURITIES DEALERS Source: Bank of Mongolia

342 94 (4.156) 1.494 (5.000) (4.000) (3.000) (2.000) (1.000)

  • 1.000

2.000 2014 2015 2016 2017

Foreign Direct Investment (in millions USD)

Foreign Direct Investment (in millions USD)

Mongolian Association of Securities Dealers SRO

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Mongolian Association of Securities Dealers SRO

Financial sector performance of Mongolia

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Mongolian Stock Exchange

Mongolian Association of Securities Dealers SRO 13

 Listed companies: 303 /as of Q2 2018/,

  • Listed companies that have filed their financials with MSE: All
  • Listed companies that have announced 2017 dividends: 26
  • Average amount of trading in one day, 2017: MNT 2.36 bln,
  • Number of “Compliant” brokers: 52
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Big wave in 2018

Mongolian Association of Securities Dealers SRO 14

 5 IPOs and 1 SPO of Q3 2018, 2 more expecting  Largest number of IPOs in the history of capital market  Top20 Index, market cap hit the record high  First dual listing  First RTO  First ever largest M&A  Tax reduction will be approved soon

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MONGOLIAN ASSOCIATION OF SECURITIES DEALERS Source: MSE

Capital market capitalization (billions MNT)

1.393,6 1.427,1 1.474,2 2.440,2 2.484,9

  • 500,0

1.000,0 1.500,0 2.000,0 2.500,0 3.000,0 2014 2015 2016 2017 2018 Q2

Market capitalization

Market capitalization

Mongolian Association of Securities Dealers SRO

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Source: MSE

5000 10000 15000 20000 25000 30000 01/01/2012 01/01/2013 01/01/2014 01/01/2015 01/01/2016 01/01/2017 01/01/2018

TOP-20 Index

Mongolian Stock Exchange TOP-20 Index 2012-2018

Mongolian Association of Securities Dealers SRO 16

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MSE 2018 Performance /billions MNT/

Source: Financial Regulatory Commission of Mongolia

Mongolian Association of Securities Dealers SRO 17

105,4 30,3 30,4 20 40 60 80 100 120 Traded on MSE Government securities - secondary Capital raised - YTD

MSE 2018 Performance

MSE 2018 Performance

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Equity trading /billions MNT/

Mongolian Association of Securities Dealers SRO 18

87,5 109,1 144,7 97,6 24,2 30,5 49,0 76,4 75.1 100 200 2010 2011 2012 2013 2014 2015 2016 2017 2018-III

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Breakdown / billions MNT /

Source: MSE

1% 90% 9%

Corporate bonds Government bonds Shares trade

  • Shares trade – MNT 78.1 billion, 9.0%
  • Government securities – 89.74%
  • Primary – MNT 630.2 billion
  • Secondary – MNT 142.3 billion
  • Shares trade – MNT 75.1 billion, 70.8%
  • Government securities-30.3 billion 28.6%
  • Primary – none
  • Secondary – MNT 30.3 billion

Trade structure, 2018 III (in percent) Trade structure, 2017 (in percent)

0.6% 28,6% 70,8%

Corporate bonds Government bonds Shares trade

Mongolian Association of Securities Dealers SRO 19

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Thank you for your attention!

Mongolian Association of Securities Dealers SRO