Within the legal obligations, the Mongolian Stock Exchange (MSE)-listed firms are required to have announced the information regarding the dividends by today. As of today, eight companies have announced to distribute dividends.

For instance, Gobi JSC has informed to allocate MNT 5.3 billion, or MNT 6.8 per share from the net profits of 2018. The dividend is scheduled to be distributed starting from April 25, either via cash at the headquarter or via bank transfers. Last year, Gobi JSC distributed MNT 1.7 billion in dividends.

Mongol Basalt JSC will be oneyear- old since its IPO in May. The company, which offered 30 percent of its stake, announced to disburse MNT 56.4 million or MNT 1 per share from the net profits of 2018. Disclosure of dividend distribution within the first year after going public had a positive effect on the company’s stock as the price increased from MNT 250 per share to MNT 260 within a week.

Next on the list is Bayan Teeg JSC. The company, which is operating a coal business, is planning to allocate MNT 3,958.7 per share, which is the highest amount of dividend distribution as of today. The dividends will be administered by June 1.

Another public company in the same business field, Tavan Tolgoi JSC has announced its 2018 financial report. Within the financial year, the coal exporter earned a total of MNT 226.4 billion in sales revenue and MNT 52.6 billion in net profits, which is three times lower than the 2017 net profits. The board of Tavan Tolgoi disclosed to disburse MNT 998.7 per share. The company allocated MNT 2,410 per share last year.

A farming industry firm Khuvsgul Altan Duulga JSC also announced to distribute MNT 1.88 billion, or MNT 120 per share in dividends this year. The company offered a seasoned issue last year and raised MNT 3.74 billion, doubling the number of shareholders, and its market capitalization reached MNT 16.1 billion.

Starting from May 1, a publicly- owned postal service provider Mongolian Post JSC will disburse MNT 468 million, or MNT 4.7 per share, while Talkh Chikher JSC announced to allocate MNT 204.7 million or MNT 200 per share from July 1. Next up is a national meat and meat products manufacturer Makh Impex JSC. The company is planning to administer MNT 456 million or MNT 120 per share in October 2019.

As of today, 305 public firms are listed at the Financial Regulatory Commission. As of the end of 2018, the market capitalization of the MSE stood at MNT 2.5 trillion, a 2.9 growth year over year.

Additionally, the second IPO of 2019 was announced recently. Ard Credit LLC, which operates a non-banking financial institution (NBFI) and has signed a deal with Mongolian Post JSC on delivery service, is planning to raise MNT 4.9- 5.4 billion at MNT 70-85 per share by offering 25 percent of its stake to built up a loan source. Half of the shares are being offered to strategic investors and the other half is for the public. The company announced a roadshow for its IPO at 6.30PM at Corporate Convention Center today.

As of today, a total of 539 NBFIs are operating in Mongolia. Net equity of the NBFIs totaled MNT 1.3 trillion last year, a 32.5 percent growth year over year.

Published Date:2019-02-20