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Mongolia Energy
(0276)
Mongolia Energy (0276) vs. iShares MSCI Hong Kong ETF (EWH)
Mongolia Energy Business Overview & Revenue Model
Mongolia Energy Financial Statement Overview
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.03B | 2.86B | 3.17B | 2.91B | 1.56B | 858.42M |
| Gross Profit | 292.73M | 851.17M | 1.18B | 1.09B | 600.09M | 301.70M |
| EBITDA | -942.34M | -452.03M | 2.93B | -688.09M | 317.24M | 2.36B |
| Net Income | -1.67B | -1.38B | 1.68B | -1.60B | -349.05M | 1.80B |
Balance Sheet | ||||||
| Total Assets | 2.48B | 3.08B | 4.22B | 2.80B | 3.62B | 3.54B |
| Cash, Cash Equivalents and Short-Term Investments | 222.93M | 134.81M | 128.70M | 111.86M | 114.66M | 108.33M |
| Total Debt | 4.84B | 5.44B | 5.26B | 5.97B | 5.67B | 5.49B |
| Total Liabilities | 7.29B | 7.15B | 6.90B | 7.14B | 6.33B | 5.93B |
| Stockholders Equity | -4.81B | -4.08B | -2.69B | -4.34B | -2.71B | -2.39B |
Cash Flow | ||||||
| Free Cash Flow | 147.35M | 200.18M | 443.43M | 601.16M | 186.60M | 39.86M |
| Operating Cash Flow | 247.84M | 320.69M | 562.88M | 827.37M | 295.96M | 98.74M |
| Investing Cash Flow | -96.02M | -116.43M | -113.28M | -223.34M | -109.37M | -57.38M |
| Financing Cash Flow | -67.64M | -212.68M | -410.48M | -603.43M | -180.07M | -46.07M |
Mongolia Energy Technical Analysis
Mongolia Energy Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$11.18B | -9.03 | 6.97% | ― | -20.50% | -64.45% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
47 Neutral | HK$126.22M | -0.30 | -3.24% | ― | ― | ― | |
46 Neutral | HK$112.88M | -0.04 | 37.69% | ― | -38.71% | -193.94% | |
45 Neutral | HK$78.57M | -2.50 | -36.43% | ― | -20.97% | -213.53% | |
42 Neutral | HK$158.76M | -0.13 | ― | ― | -42.18% | -3.23% | |
41 Neutral | HK$299.34M | -0.27 | -48.57% | ― | 15.80% | 51.68% |
Mongolia Energy Corporate Events
Mongolia Energy Corporation has provided an update on its action plan to address a disclaimer of audit opinion triggered by uncertainties over its ability to continue as a going concern. The company has been working to resolve significant Mongolian tax disputes that underpin these concerns and affect investor confidence in its financial statements.
The group’s subsidiary MoEnCo has fully settled a previously agreed MNT 120.8 billion (around HK$279 million) royalty tax liability for 2022 and 2023 in six instalments, removing one major short-term overhang. However, MoEnCo lost its initial court challenge against a separate MNT 412.3 billion (about HK$902.6 million) tax reassessment for 2017–2020 and has lodged an appeal while simultaneously seeking an amicable settlement with Mongolian authorities, leaving a substantial contingent exposure that continues to weigh on the group’s outlook and the resolution of the audit disclaimer.
The most recent analyst rating on (HK:0276) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Mongolia Energy stock, see the HK:0276 Stock Forecast page.
Mongolia Energy Corporation has disclosed that its Mongolian subsidiary MoEnCo has received a written judgment from the Mongolian Administrative Court dismissing its challenge to a prior tax reassessment, confirming an earlier verbal ruling in favour of the General Tax Office. The group is seeking legal advice and plans to appeal the decision to the Appellate Court of Mongolia within the prescribed deadline.
Separately, MoEnCo has been served with a new tax reassessment for the 2021–2023 period, demanding a total of MNT 512.2 billion in additional taxes, penalties and alleged undue loss, largely tied to royalty pricing, reclassification of repayments as dividends subject to withholding tax and disallowance of foreign exchange losses. Mongolia Energy is consulting tax and legal advisers, considering an appeal to the Tax Dispute Resolution Council and pursuing negotiations with the tax authorities, while warning investors that the ultimate financial impact and any extra tax provisions remain uncertain.
The most recent analyst rating on (HK:0276) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Mongolia Energy stock, see the HK:0276 Stock Forecast page.
Mongolia Energy Corporation’s independent shareholders have approved a new logistics services framework agreement covering the period from 2026 to 2029. The agreement sets annual transaction caps of RMB250 million, RMB287 million and RMB330 million for the three financial years ending 31 March 2029, and authorizes the board to handle all steps necessary to implement and, if needed, amend the arrangement.
Shareholders connected to Vision Values Holdings, holding about 16.14% of voting rights, abstained from voting due to potential conflicts of interest, leaving roughly 157.8 million shares eligible to vote. The resolution passed overwhelmingly, with about 99.99% of votes cast in favour, reinforcing board backing for the logistics framework seen as important to underpinning the company’s operational support and related-party governance.
The most recent analyst rating on (HK:0276) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Mongolia Energy stock, see the HK:0276 Stock Forecast page.
Mongolia Energy Corporation has called a special general meeting in Hong Kong on 27 February 2026 for shareholders to vote on approving a logistics services framework agreement with Xinjiang Yuanjian Hongye Logistics Co., Ltd., covering the provision of logistics services to the group until 31 March 2029. The proposed agreement sets annual transaction caps of RMB250 million, RMB287 million and RMB330 million for the three financial years to 31 March 2029 and, if approved, would authorise the board to implement and amend the arrangements as it deems in the company’s interests, underscoring the group’s intention to secure long-term logistics support for its operations.
The most recent analyst rating on (HK:0276) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Mongolia Energy stock, see the HK:0276 Stock Forecast page.
Mongolia Energy Corporation Limited has formalized the terms of reference for its Remuneration Committee, which is appointed by the board and must comprise a majority of independent non-executive directors, with an independent non-executive director serving as chairman. The document sets out governance procedures for the committee, including meeting frequency, notice periods, quorum and voting requirements, the keeping and circulation of minutes, and the role of the company secretary, while also requiring the committee’s leadership to attend the annual general meeting to address shareholders’ questions, underscoring the company’s focus on transparent oversight of remuneration and board-level accountability.
The most recent analyst rating on (HK:0276) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Mongolia Energy stock, see the HK:0276 Stock Forecast page.
Mongolia Energy Corporation has disclosed that its Mongolian subsidiary MoEnCo has lost a legal challenge in the Mongolian Administrative Court over a tax reassessment imposed by the country’s Tax Dispute Resolution Council. The court ruled in favour of the tax authority, leaving MoEnCo liable for reassessed taxes totaling MNT 412.3 billion (about HK$902.6 million) for the 2017–2020 period, a sizeable potential liability that could weigh on the group’s financial position and cash flows. The company expects a written judgment within about two weeks and is seeking legal advice on filing an appeal within the permitted time frame, while cautioning shareholders and potential investors about trading its shares amid the unresolved tax dispute and associated uncertainties.
The most recent analyst rating on (HK:0276) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Mongolia Energy stock, see the HK:0276 Stock Forecast page.
Mongolia Energy Corporation has renewed its logistics services framework with VVLJV for a further three-year term from 1 April 2026 to 31 March 2029, subject to approval by independent shareholders. The agreement, reached on normal commercial terms following arm’s length negotiations, is classified as a continuing connected transaction under Hong Kong listing rules because VVLJV is majority-owned by Vision Values, a company controlled by Mongolia Energy’s chairman and substantial shareholder, Mr. Lo. Given the high applicable percentage ratios, the deal requires reporting, announcement, annual review and independent shareholders’ approval, with an independent financial adviser appointed to advise investors directly, as no independent board committee can be formed due to overlapping directorships. A special general meeting will be convened for independent shareholders to vote by poll on the agreement and its annual caps, with certain directors and their associates abstaining, and a detailed circular is expected by 30 January 2026.
The most recent analyst rating on (HK:0276) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Mongolia Energy stock, see the HK:0276 Stock Forecast page.
Mongolia Energy Corporation Limited, a Bermuda-incorporated company listed in Hong Kong, has announced changes to its board, appointing long-serving legal head Mr. Choi Man Yu, Frankie as a non-executive director and veteran banker Mr. Wei Chi Kuan Kenny as an independent non-executive director, effective 19 December 2025. The board says the appointments, made under its nomination and board diversity policies, will strengthen governance and oversight by adding deep legal and financial expertise, with Mr. Wei confirmed as independent under Hong Kong listing rules; both directors are subject to rotation and re-election and will receive annual fees based on their duties, a move expected to create a more balanced board structure and enhance supervisory functions for the group’s future development.
The most recent analyst rating on (HK:0276) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Mongolia Energy stock, see the HK:0276 Stock Forecast page.
Mongolia Energy Corporation Limited has released an updated list of its board of directors and clarified their roles across key governance committees. The announcement confirms the composition of executive, non-executive and independent non-executive directors, and designates chairmen and members of the Audit, Remuneration and Nomination Committees, underscoring the company’s emphasis on corporate governance and board oversight for stakeholders.
The most recent analyst rating on (HK:0276) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Mongolia Energy stock, see the HK:0276 Stock Forecast page.