[MAYBANK] QoQ Annualized Quarter Result on 31-Mar-2005 [#3]

Announcement Date
13-May-2005
Admission Sponsor
-
Sponsor
-
Financial Year
30-Jun-2005
Quarter
31-Mar-2005 [#3]
Profit Trend
QoQ- 3.33%
YoY- 8.86%
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Annualized Quarter Result
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
Revenue 12,916,430 12,652,136 11,215,887 10,075,253 10,134,534 9,864,792 10,404,296 15.46%
PBT 3,732,968 3,787,512 3,494,492 3,581,596 3,548,680 3,172,804 3,358,597 7.27%
Tax -1,092,004 -1,069,672 -950,247 -1,001,288 -1,051,556 -952,648 -934,086 10.94%
NP 2,640,964 2,717,840 2,544,245 2,580,308 2,497,124 2,220,156 2,424,511 5.85%
-
NP to SH 2,614,048 2,691,780 2,502,526 2,580,308 2,497,124 2,220,156 2,424,511 5.13%
-
Tax Rate 29.25% 28.24% 27.19% 27.96% 29.63% 30.03% 27.81% -
Total Cost 10,275,466 9,934,296 8,671,642 7,494,945 7,637,410 7,644,636 7,979,785 18.30%
-
Net Worth 16,670,268 17,214,872 16,126,292 15,457,117 15,570,896 15,189,782 14,626,321 9.08%
Dividend
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
Div - 7,452,325 3,750,130 - 3,070,826 - 2,161,525 -
Div Payout % - 276.85% 149.85% - 122.97% - 89.15% -
Equity
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
Net Worth 16,670,268 17,214,872 16,126,292 15,457,117 15,570,896 15,189,782 14,626,321 9.08%
NOSH 3,746,127 3,726,162 3,658,663 3,636,968 3,612,737 3,599,474 3,602,542 2.63%
Ratio Analysis
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
NP Margin 20.45% 21.48% 22.68% 25.61% 24.64% 22.51% 23.30% -
ROE 15.68% 15.64% 15.52% 16.69% 16.04% 14.62% 16.58% -
Per Share
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
RPS 344.79 339.55 306.56 277.02 280.52 274.06 288.80 12.50%
EPS 69.78 72.24 68.41 70.95 69.12 61.68 67.30 2.43%
DPS 0.00 200.00 102.50 0.00 85.00 0.00 60.00 -
NAPS 4.45 4.62 4.4077 4.25 4.31 4.22 4.06 6.28%
Adjusted Per Share Value based on latest NOSH - 3,685,824
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
RPS 107.04 104.85 92.95 83.49 83.99 81.75 86.22 15.46%
EPS 21.66 22.31 20.74 21.38 20.69 18.40 20.09 5.12%
DPS 0.00 61.76 31.08 0.00 25.45 0.00 17.91 -
NAPS 1.3815 1.4266 1.3364 1.2809 1.2904 1.2588 1.2121 9.08%
Price Multiplier on Financial Quarter End Date
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
Date 30/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 -
Price 11.10 11.60 10.90 11.30 11.80 11.00 10.10 -
P/RPS 3.22 3.42 3.56 4.08 4.21 4.01 3.50 -5.39%
P/EPS 15.91 16.06 15.94 15.93 17.07 17.83 15.01 3.94%
EY 6.29 6.23 6.28 6.28 5.86 5.61 6.66 -3.72%
DY 0.00 17.24 9.40 0.00 7.20 0.00 5.94 -
P/NAPS 2.49 2.51 2.47 2.66 2.74 2.61 2.49 0.00%
Price Multiplier on Announcement Date
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
Date 15/02/06 17/11/05 01/09/05 13/05/05 18/02/05 08/11/04 30/08/04 -
Price 11.00 11.00 11.30 11.40 12.30 11.10 10.40 -
P/RPS 3.19 3.24 3.69 4.12 4.38 4.05 3.60 -7.72%
P/EPS 15.76 15.23 16.52 16.07 17.80 18.00 15.45 1.32%
EY 6.34 6.57 6.05 6.22 5.62 5.56 6.47 -1.34%
DY 0.00 18.18 9.07 0.00 6.91 0.00 5.77 -
P/NAPS 2.47 2.38 2.56 2.68 2.85 2.63 2.56 -2.35%

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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