[TCHONG] QoQ Annualized Quarter Result on 31-Dec-2003 [#4]

Announcement Date
26-Feb-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
31-Dec-2003 [#4]
Profit Trend
QoQ- 3.45%
YoY- 4.11%
Quarter Report
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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 2,354,340 2,348,090 2,166,996 1,677,517 1,610,238 1,441,820 1,399,536 41.31%
PBT 187,366 194,226 187,716 149,998 146,952 136,132 127,904 28.89%
Tax -54,601 -57,854 -58,004 -43,973 -44,465 -41,962 -39,628 23.75%
NP 132,765 136,372 129,712 106,025 102,486 94,170 88,276 31.17%
-
NP to SH 132,765 136,372 129,712 106,025 102,486 96,310 90,656 28.87%
-
Tax Rate 29.14% 29.79% 30.90% 29.32% 30.26% 30.82% 30.98% -
Total Cost 2,221,574 2,211,718 2,037,284 1,571,492 1,507,752 1,347,650 1,311,260 41.98%
-
Net Worth 1,025,223 1,011,403 998,299 965,082 938,195 945,290 943,759 5.65%
Dividend
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Div 22,336 33,490 - 46,913 17,870 27,399 - -
Div Payout % 16.82% 24.56% - 44.25% 17.44% 28.45% - -
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 1,025,223 1,011,403 998,299 965,082 938,195 945,290 943,759 5.65%
NOSH 670,080 669,803 669,999 670,195 670,139 684,992 688,875 -1.82%
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 5.64% 5.81% 5.99% 6.32% 6.36% 6.53% 6.31% -
ROE 12.95% 13.48% 12.99% 10.99% 10.92% 10.19% 9.61% -
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 351.35 350.56 323.43 250.30 240.28 210.49 203.16 43.93%
EPS 19.81 20.36 19.36 15.82 15.29 14.06 13.16 31.24%
DPS 3.33 5.00 0.00 7.00 2.67 4.00 0.00 -
NAPS 1.53 1.51 1.49 1.44 1.40 1.38 1.37 7.62%
Adjusted Per Share Value based on latest NOSH - 670,344
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
RPS 350.35 349.42 322.47 249.63 239.62 214.56 208.26 41.31%
EPS 19.76 20.29 19.30 15.78 15.25 14.33 13.49 28.88%
DPS 3.32 4.98 0.00 6.98 2.66 4.08 0.00 -
NAPS 1.5256 1.5051 1.4856 1.4361 1.3961 1.4067 1.4044 5.65%
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 1.44 1.22 1.33 1.29 1.27 1.12 1.05 -
P/RPS 0.41 0.35 0.41 0.52 0.53 0.53 0.52 -14.61%
P/EPS 7.27 5.99 6.87 8.15 8.30 7.97 7.98 -6.00%
EY 13.76 16.69 14.56 12.26 12.04 12.55 12.53 6.42%
DY 2.31 4.10 0.00 5.43 2.10 3.57 0.00 -
P/NAPS 0.94 0.81 0.89 0.90 0.91 0.81 0.77 14.18%
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 18/11/04 12/08/04 31/05/04 26/02/04 13/11/03 14/08/03 21/05/03 -
Price 1.68 1.30 1.20 1.32 1.24 1.26 1.10 -
P/RPS 0.48 0.37 0.37 0.53 0.52 0.60 0.54 -7.53%
P/EPS 8.48 6.39 6.20 8.34 8.11 8.96 8.36 0.95%
EY 11.79 15.66 16.13 11.98 12.33 11.16 11.96 -0.94%
DY 1.98 3.85 0.00 5.30 2.15 3.17 0.00 -
P/NAPS 1.10 0.86 0.81 0.92 0.89 0.91 0.80 23.58%

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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