[MAYBANK] QoQ Annualized Quarter Result on 31-Dec-2003 [#2]

Announcement Date
25-Feb-2004
Admission Sponsor
-
Sponsor
-
Financial Year
30-Jun-2004
Quarter
31-Dec-2003 [#2]
Profit Trend
QoQ- 9.13%
YoY- 31.65%
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Annualized Quarter Result
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Revenue 9,864,792 10,404,296 9,384,734 9,280,326 9,094,648 10,037,610 9,416,022 3.14%
PBT 3,172,804 3,358,597 3,373,964 2,999,070 2,802,588 2,619,674 2,558,384 15.38%
Tax -952,648 -934,086 -1,003,577 -811,238 -797,704 -623,185 -800,797 12.23%
NP 2,220,156 2,424,511 2,370,386 2,187,832 2,004,884 1,996,489 1,757,586 16.80%
-
NP to SH 2,220,156 2,424,511 2,370,386 2,187,832 2,004,884 1,996,489 1,757,586 16.80%
-
Tax Rate 30.03% 27.81% 29.74% 27.05% 28.46% 23.79% 31.30% -
Total Cost 7,644,636 7,979,785 7,014,348 7,092,494 7,089,764 8,041,121 7,658,436 -0.11%
-
Net Worth 15,189,782 14,626,321 14,004,866 14,218,388 14,078,809 13,404,997 10,680,398 26.38%
Dividend
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Div - 2,161,525 - 2,519,714 - 1,853,882 - -
Div Payout % - 89.15% - 115.17% - 92.86% - -
Equity
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Net Worth 15,189,782 14,626,321 14,004,866 14,218,388 14,078,809 13,404,997 10,680,398 26.38%
NOSH 3,599,474 3,602,542 3,600,222 3,599,592 3,600,718 3,565,158 3,560,132 0.73%
Ratio Analysis
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
NP Margin 22.51% 23.30% 25.26% 23.57% 22.04% 19.89% 18.67% -
ROE 14.62% 16.58% 16.93% 15.39% 14.24% 14.89% 16.46% -
Per Share
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
RPS 274.06 288.80 260.67 257.82 252.58 281.55 264.49 2.39%
EPS 61.68 67.30 65.84 60.78 55.68 55.90 49.31 16.04%
DPS 0.00 60.00 0.00 70.00 0.00 52.00 0.00 -
NAPS 4.22 4.06 3.89 3.95 3.91 3.76 3.00 25.46%
Adjusted Per Share Value based on latest NOSH - 3,600,820
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
RPS 81.75 86.22 77.77 76.91 75.37 83.18 78.03 3.14%
EPS 18.40 20.09 19.64 18.13 16.61 16.55 14.57 16.78%
DPS 0.00 17.91 0.00 20.88 0.00 15.36 0.00 -
NAPS 1.2588 1.2121 1.1606 1.1783 1.1667 1.1109 0.8851 26.38%
Price Multiplier on Financial Quarter End Date
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Date 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 -
Price 11.00 10.10 11.60 9.65 9.60 8.60 8.35 -
P/RPS 4.01 3.50 4.45 3.74 3.80 3.05 3.16 17.16%
P/EPS 17.83 15.01 17.62 15.88 17.24 15.36 16.91 3.58%
EY 5.61 6.66 5.68 6.30 5.80 6.51 5.91 -3.40%
DY 0.00 5.94 0.00 7.25 0.00 6.05 0.00 -
P/NAPS 2.61 2.49 2.98 2.44 2.46 2.29 2.78 -4.10%
Price Multiplier on Announcement Date
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Date 08/11/04 30/08/04 11/05/04 25/02/04 07/11/03 25/08/03 07/05/03 -
Price 11.10 10.40 9.95 11.20 10.10 9.10 8.10 -
P/RPS 4.05 3.60 3.82 4.34 4.00 3.23 3.06 20.48%
P/EPS 18.00 15.45 15.11 18.43 18.14 16.25 16.41 6.34%
EY 5.56 6.47 6.62 5.43 5.51 6.15 6.09 -5.87%
DY 0.00 5.77 0.00 6.25 0.00 5.71 0.00 -
P/NAPS 2.63 2.56 2.56 2.84 2.58 2.42 2.70 -1.73%

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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