THE COMPANY: Originally a state-owned company, Sharyn Gol was partially privatised and listed on the Mongolian Stock Exchange in 1995. It became 100% private in 2003. The firm has undergone complete restructuring since a New York-based company, Firebird Fund, acquired 61% of it. In January 2011 Sharyn Gol...
Change in government has not affected the state’s “100,000 homes” scheme to provide affordable housing to low- and mid-income earners. With roughly 60% of Ulaanbaatar residents – or some 700,000 people – in ger districts comprising large traditional tents, building sufficient new homes and making loans affordable will be a challenge....
While economic growth is forecast to be in the double digits for 2012, the slowdown in GDP growth from 16.5% year-on-year (y-o-y) in the first quarter 2011 to 11% in the second quarter, election jitters and the migration to a new trading framework kept investors largely on the sidelines in 2012. Equities realised significant value over the last two...
While insurance in Mongolia remains in its nascent stages, important ongoing reforms may yet drive penetration, build local underwriting capacity and develop the first pool of domestic non-bank institutional investors. Admittedly, with total premiums as a share of GDP at a mere 0.44%, or $29.3m, in the first half of 2012, according to the Mongolian...
A legacy of privatisation, Mongolia’s securities law continues to hamper the development of the world’s second-smallest bourse. While new legislation has been drafted with support from an international working group that included the London Stock Exchange Group (LSEG) and presented to parliament, its passage remained delayed in 2012. Although...
THE COMPANY: Established in 1981 with Japanese economic and technical assistance to process natural goat and camel hair, Gobi produces cashmere and camel wool products from these fibres. It has since developed into one of the five largest cashmere producers in the world, and has around 1000 employees....
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