Message from CEO

Aiming to be the first global investment bank of Mongolia.
Frontier is the first information provider of updated market information on a daily base in Mongolia. There has not been enough professional information about the Mongolian capital market so far, especially in foreign languages.

We analyze domestic and overseas market information related to Mongolia and suggest investment ideas adjusted for our customers from the global view. The total market capitalization of the Mongolian Stock Exchange (MSE) is less than 1 billion USD (March, 2008) and the MSE is still small in size. Nonetheless, it is expected to grow rapidly watching from the growth perspective. At the same time, the bond market reflects favorable market fundamentals and the credit risk is being reduced. Major credit rating agencies have raised the rating recently, as well. Sectors such as the mining industry including gold, copper and coal, the textile industry including cashmere, and the real estate industry pushed by the construction boom has caused vigorous economic growth.

However, it is true that there are plenty of risks on the microeconomic basis. For instance, a lot of corporate management in Mongolia does not know how to maximize  the stockholders’ value and disclosures, which is a natural process in the western countries and even in Asia. We think those attitudes of the managers are the biggest obstacle in the Mongolian stock market. Therefore, we will challenge that problem by negotiating with state organizations and corporate managements. To accomplish these aims, we employ specialists on every branch and perform analyses every day.

Also, we hedge risks as much as possible by using various networks in Mongolia. Therefore, we suggest investors to consider such risks before deciding to invest in Mongolia. We wish your company (you) a great success for your investment in Mongolia.

CEO of Frontier

Masa Igata