Seeking Alpha

John Polomny's  Instablog

John Polomny
Send Message
John Polomny is an individual investor and speculator seeking unique, overlooked, and well researched opportunities and speculations from all over the world.
My company:
My Linked In page
My blog:
realdealfinancial.bl...
  • BDSEC Mongolian Stock Exchange Profitability Report 1 comment
    Mar 10, 2013 11:29 AM | about stocks: TRQ

    BDSEC, which is the largest broker in Mongolia, issued as part of its recent weekly market a report information on MSE listed companies profitability. I found it quite interesting as the report shows how rapidly some of these companies are actually growing. For example, one of my current favorite Mongolian holdings is Remicon. This is a concrete producer which should benefit from construction and infrastructure build out in Ulaan Bataar. The company had 56% sales growth lat year and increased profits by 48%. It is selling at a current P/E of 5.4 and a price to book ratio of 1.3. This is the type of company one should be buying if they think Mongolia will continue to have good economic growth.

    Link to report:

    http://www.bdsec.mn/files/BDSec_Weekly_-_8th_week_2013.pdf

    Disclosure: I am long TRQ.

    Themes: Mongolia Stocks: TRQ
Back To John Polomny's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (1)
Track new comments
  • MSE.Investor
    , contributor
    Comments (92) | Send Message
     
    What BD Sec pointed out , rightly, is just the tip of the iceberg and RMC is a must have since june 2011 (presentation at a conference in UB)!

     

    See below the website of MSE with the list of MSE listed companies that have already posted their 2012.

     

    http://bit.ly/13ULMzB

     

    As of nov. 2012, only 91 companies had posted their 2011 financials (I checked with MSE then before delivering a presentation on this).
    Just look how many have done it as of today!
    Even tiny ones are posting their numbers.
    Under the clouds making headlines, those guys really mean business!

     

    Then, no need to be fluent Mongolian (don't speak a single word)
    to get some clues of the financial statement and identify:
    * Equity and Capital
    * Net Income
    and then compare 2012 and 2011.
    PER and PB are getting quite nice!

     

    One warning:
    TTL numbers are just out and may not be so pretty but that's a kind of special big tree (largest weight on MSE Top 20 index) hiding the forest.
    So it could volatile next week on MSE

     

    But for those patient enough to dig, the rest is quite impressive.
    16 Mar 2013, 09:28 AM Reply Like
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.