[SHANG] QoQ Annualized Quarter Result on 30-Sep-2006 [#3]

Announcement Date
01-Nov-2006
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2006
Quarter
30-Sep-2006 [#3]
Profit Trend
QoQ- 20.29%
YoY- -36.72%
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Annualized Quarter Result
30/06/07 31/03/07 31/12/06 30/09/06 30/06/06 31/03/06 31/12/05 CAGR
Revenue 375,414 389,872 330,520 314,688 300,076 317,244 280,089 21.63%
PBT 74,360 92,832 45,208 49,336 40,322 62,776 44,673 40.58%
Tax -21,630 -23,864 -4,026 -17,400 -13,508 -17,096 -5,413 152.45%
NP 52,730 68,968 41,182 31,936 26,814 45,680 39,260 21.79%
-
NP to SH 47,824 62,840 35,679 26,650 22,156 39,792 37,326 18.01%
-
Tax Rate 29.09% 25.71% 8.91% 35.27% 33.50% 27.23% 12.12% -
Total Cost 322,684 320,904 289,338 282,752 273,262 271,564 240,829 21.60%
-
Net Worth 679,488 686,883 670,993 669,994 669,559 685,179 657,632 2.20%
Dividend
30/06/07 31/03/07 31/12/06 30/09/06 30/06/06 31/03/06 31/12/05 CAGR
Div 26,422 - 35,195 17,610 26,376 - 35,188 -17.43%
Div Payout % 55.25% - 98.64% 66.08% 119.05% - 94.27% -
Equity
30/06/07 31/03/07 31/12/06 30/09/06 30/06/06 31/03/06 31/12/05 CAGR
Net Worth 679,488 686,883 670,993 669,994 669,559 685,179 657,632 2.20%
NOSH 440,368 440,056 439,938 440,264 439,603 440,176 439,858 0.07%
Ratio Analysis
30/06/07 31/03/07 31/12/06 30/09/06 30/06/06 31/03/06 31/12/05 CAGR
NP Margin 14.05% 17.69% 12.46% 10.15% 8.94% 14.40% 14.02% -
ROE 7.04% 9.15% 5.32% 3.98% 3.31% 5.81% 5.68% -
Per Share
30/06/07 31/03/07 31/12/06 30/09/06 30/06/06 31/03/06 31/12/05 CAGR
RPS 85.25 88.60 75.13 71.48 68.26 72.07 63.68 21.53%
EPS 10.86 14.28 8.11 6.05 5.04 9.04 8.48 17.98%
DPS 6.00 0.00 8.00 4.00 6.00 0.00 8.00 -17.49%
NAPS 1.543 1.5609 1.5252 1.5218 1.5231 1.5566 1.4951 2.13%
Adjusted Per Share Value based on latest NOSH - 438,916
30/06/07 31/03/07 31/12/06 30/09/06 30/06/06 31/03/06 31/12/05 CAGR
RPS 85.32 88.61 75.12 71.52 68.20 72.10 63.66 21.62%
EPS 10.87 14.28 8.11 6.06 5.04 9.04 8.48 18.05%
DPS 6.01 0.00 8.00 4.00 5.99 0.00 8.00 -17.40%
NAPS 1.5443 1.5611 1.525 1.5227 1.5217 1.5572 1.4946 2.21%
Price Multiplier on Financial Quarter End Date
30/06/07 31/03/07 31/12/06 30/09/06 30/06/06 31/03/06 31/12/05 CAGR
Date 29/06/07 30/03/07 29/12/06 29/09/06 30/06/06 31/03/06 30/12/05 -
Price 2.82 2.79 2.15 1.83 1.77 1.38 1.25 -
P/RPS 3.31 3.15 2.86 2.56 2.59 1.91 1.96 41.94%
P/EPS 25.97 19.54 26.51 30.23 35.12 15.27 14.73 46.09%
EY 3.85 5.12 3.77 3.31 2.85 6.55 6.79 -31.56%
DY 2.13 0.00 3.72 2.19 3.39 0.00 6.40 -52.07%
P/NAPS 1.83 1.79 1.41 1.20 1.16 0.89 0.84 68.29%
Price Multiplier on Announcement Date
30/06/07 31/03/07 31/12/06 30/09/06 30/06/06 31/03/06 31/12/05 CAGR
Date 28/08/07 21/05/07 28/02/07 01/11/06 23/08/06 12/06/06 16/03/06 -
Price 2.40 2.63 2.55 2.15 1.75 1.48 1.35 -
P/RPS 2.82 2.97 3.39 3.01 2.56 2.05 2.12 21.01%
P/EPS 22.10 18.42 31.44 35.52 34.72 16.37 15.91 24.56%
EY 4.52 5.43 3.18 2.82 2.88 6.11 6.29 -19.82%
DY 2.50 0.00 3.14 1.86 3.43 0.00 5.93 -43.86%
P/NAPS 1.56 1.68 1.67 1.41 1.15 0.95 0.90 44.44%

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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