Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 15 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

Mongolia Mining (975 HK): Left Field Negative Catalyst

Mongolia Mining 975 HK: FY24 Results and Concall, Some Clarity Provided On The Mining Issue

Mongolia Mining 975 HK: Q3 FY24 Operational Update, Gold Project Progressing Well

Mongolia Mining Corp (975 HK): Play on Coking Coal Price With Growth Optionality

Mongolia Mining 975 HK: Redemption of Perpetual Securities Complete, Dividend Catalyst In-Play

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

<ul>
<li>
<span><a href="https://www.smartkarma.com/entities/mongolian-mining-corp" target="_blank" rel="noopener">Mongolian Mining (975 HK)</a> reported its <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0117/2025011700604.pdf" target="_blank" rel="noopener">production update</a>, which is in line with our estimates for 7.9 million tons of washed coal sold for FY24.</span> </li>
<li><span>The company commenced <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0116/2025011600922.pdf" target="_blank" rel="noopener">buybacks</a>, purchasing 0.26% of its outstanding shares at 6.65 HKD/share. We believe the company will also <a href="https://www.smartkarma.com/insights/mongolia-mining-corp-975-hk-play-on-coking-coal-price-with-growth-optionality" target="_blank" rel="noopener">announce a dividend</a> in its upcoming results. </span></li>
<li>After the massive correction in share price owing to a weaker coking coal price, the stock trades at 4.2x PE, 1.9x EV-EBITDA, and a 7-10% dividend yield (30-50% payout ratio). </li>
</ul>



Mongolian Mining (975 HK) reported its production update, which is in line with our estimates for 7.9 million tons of washed coal sold for FY24. 
The company commenced buybacks, purchasing 0.26% of its outstanding shares at 6.65 HKD/share. We believe the company will also announce a dividend in its upcoming results. 
After the massive correction in share price owing to a weaker coking coal price, the stock trades at 4.2x PE, 1.9x EV-EBITDA, and a 7-10% dividend yield (30-50% payout ratio). 


Mongolia Mining (975 HK): Q4 2024 Operational Updates and Commencement of Buybacks