[MAYBANK] QoQ Annualized Quarter Result on 30-Sep-2005 [#1]

Announcement Date
17-Nov-2005
Admission Sponsor
-
Sponsor
-
Financial Year
30-Jun-2006
Quarter
30-Sep-2005 [#1]
Profit Trend
QoQ- 7.56%
YoY- 21.24%
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Annualized Quarter Result
30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 CAGR
Revenue 12,754,491 13,049,736 12,916,430 12,652,136 11,215,887 10,075,253 10,134,534 16.61%
PBT 3,988,065 3,750,618 3,732,968 3,787,512 3,494,492 3,581,596 3,548,680 8.11%
Tax -1,153,481 -1,096,797 -1,092,004 -1,069,672 -950,247 -1,001,288 -1,051,556 6.37%
NP 2,834,584 2,653,821 2,640,964 2,717,840 2,544,245 2,580,308 2,497,124 8.84%
-
NP to SH 2,772,418 2,595,192 2,614,048 2,691,780 2,502,526 2,580,308 2,497,124 7.24%
-
Tax Rate 28.92% 29.24% 29.25% 28.24% 27.19% 27.96% 29.63% -
Total Cost 9,919,907 10,395,914 10,275,466 9,934,296 8,671,642 7,494,945 7,637,410 19.10%
-
Net Worth 16,741,323 16,767,750 16,670,268 17,214,872 16,126,292 15,457,117 15,570,896 4.96%
Dividend
30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 CAGR
Div 3,203,035 2,506,390 - 7,452,325 3,750,130 - 3,070,826 2.85%
Div Payout % 115.53% 96.58% - 276.85% 149.85% - 122.97% -
Equity
30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 CAGR
Net Worth 16,741,323 16,767,750 16,670,268 17,214,872 16,126,292 15,457,117 15,570,896 4.96%
NOSH 3,768,276 3,759,585 3,746,127 3,726,162 3,658,663 3,636,968 3,612,737 2.85%
Ratio Analysis
30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 CAGR
NP Margin 22.22% 20.34% 20.45% 21.48% 22.68% 25.61% 24.64% -
ROE 16.56% 15.48% 15.68% 15.64% 15.52% 16.69% 16.04% -
Per Share
30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 CAGR
RPS 338.47 347.11 344.79 339.55 306.56 277.02 280.52 13.37%
EPS 73.57 69.03 69.78 72.24 68.41 70.95 69.12 4.25%
DPS 85.00 66.67 0.00 200.00 102.50 0.00 85.00 0.00%
NAPS 4.4427 4.46 4.45 4.62 4.4077 4.25 4.31 2.04%
Adjusted Per Share Value based on latest NOSH - 3,726,162
30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 CAGR
RPS 105.70 108.14 107.04 104.85 92.95 83.49 83.99 16.61%
EPS 22.98 21.51 21.66 22.31 20.74 21.38 20.69 7.26%
DPS 26.54 20.77 0.00 61.76 31.08 0.00 25.45 2.84%
NAPS 1.3874 1.3896 1.3815 1.4266 1.3364 1.2809 1.2904 4.96%
Price Multiplier on Financial Quarter End Date
30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 CAGR
Date 30/06/06 31/03/06 30/12/05 30/09/05 30/06/05 31/03/05 31/12/04 -
Price 10.70 11.00 11.10 11.60 10.90 11.30 11.80 -
P/RPS 3.16 3.17 3.22 3.42 3.56 4.08 4.21 -17.45%
P/EPS 14.54 15.94 15.91 16.06 15.94 15.93 17.07 -10.16%
EY 6.88 6.28 6.29 6.23 6.28 6.28 5.86 11.32%
DY 7.94 6.06 0.00 17.24 9.40 0.00 7.20 6.75%
P/NAPS 2.41 2.47 2.49 2.51 2.47 2.66 2.74 -8.22%
Price Multiplier on Announcement Date
30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 CAGR
Date 24/08/06 15/05/06 15/02/06 17/11/05 01/09/05 13/05/05 18/02/05 -
Price 10.80 11.30 11.00 11.00 11.30 11.40 12.30 -
P/RPS 3.19 3.26 3.19 3.24 3.69 4.12 4.38 -19.09%
P/EPS 14.68 16.37 15.76 15.23 16.52 16.07 17.80 -12.08%
EY 6.81 6.11 6.34 6.57 6.05 6.22 5.62 13.69%
DY 7.87 5.90 0.00 18.18 9.07 0.00 6.91 9.08%
P/NAPS 2.43 2.53 2.47 2.38 2.56 2.68 2.85 -10.10%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

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