MICC presents its equity research on InvesCore Financial Group NBFI JSC (MSE:INV). We recommend a BUY with a target price of MNT 10,858.49, supported by strong earnings growth, driven by INV’s leading position in Mongolia’s lending market, rising GDP, and robust consumer spending.

Read the full equity research on Capital IQ, a platform offered by the research division of S&P Global Ratings, for additional insights. For more information on INV, other Mongolian NBFIs, and the broader Mongolian business and economic environment, contact MICC at brokerage@micc.mn or (+976) 7011-2023.