[MAYBANK] QoQ Quarter Result on 31-Mar-2011 [#1]

Announcement Date
12-May-2011
Admission Sponsor
-
Sponsor
-
Financial Year
30-Jun-2011
Quarter
31-Mar-2011 [#1]
Profit Trend
QoQ- 1.54%
YoY- 10.89%
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Quarter Result
31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 CAGR
Revenue 6,737,418 6,074,346 5,720,999 5,128,082 5,188,639 5,001,923 4,737,314 26.38%
PBT 1,730,607 1,840,485 1,728,529 1,575,573 1,562,020 1,404,345 1,359,094 17.42%
Tax -414,698 -474,295 -475,307 -389,311 -435,386 -350,705 -384,061 5.23%
NP 1,315,909 1,366,190 1,253,222 1,186,262 1,126,634 1,053,640 975,033 22.05%
-
NP to SH 1,259,005 1,328,047 1,154,316 1,142,600 1,125,248 1,028,114 912,474 23.86%
-
Tax Rate 23.96% 25.77% 27.50% 24.71% 27.87% 24.97% 28.26% -
Total Cost 5,421,509 4,708,156 4,467,777 3,941,820 4,062,005 3,948,283 3,762,281 27.49%
-
Net Worth 32,966,670 29,916,045 31,250,468 29,884,116 28,277,939 28,308,160 27,881,071 11.78%
Dividend
31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 CAGR
Div 2,710,827 - 2,376,969 - 2,004,258 - 3,114,728 -8.82%
Div Payout % 215.32% - 205.92% - 178.12% - 341.35% -
Equity
31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 CAGR
Net Worth 32,966,670 29,916,045 31,250,468 29,884,116 28,277,939 28,308,160 27,881,071 11.78%
NOSH 7,530,075 7,479,011 7,428,030 7,324,358 7,158,066 7,075,801 7,078,929 4.19%
Ratio Analysis
31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 CAGR
NP Margin 19.53% 22.49% 21.91% 23.13% 21.71% 21.06% 20.58% -
ROE 3.82% 4.44% 3.69% 3.82% 3.98% 3.63% 3.27% -
Per Share
31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 CAGR
RPS 89.47 81.22 77.02 70.01 72.49 70.69 66.92 21.29%
EPS 16.72 17.76 15.54 15.60 15.72 14.53 12.89 18.88%
DPS 36.00 0.00 32.00 0.00 28.00 0.00 44.00 -12.48%
NAPS 4.378 4.00 4.2071 4.0801 3.9505 4.0007 3.9386 7.28%
Adjusted Per Share Value based on latest NOSH - 7,324,358
31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 CAGR
RPS 55.85 50.35 47.42 42.51 43.01 41.46 39.27 26.38%
EPS 10.44 11.01 9.57 9.47 9.33 8.52 7.56 23.93%
DPS 22.47 0.00 19.70 0.00 16.61 0.00 25.82 -8.82%
NAPS 2.7326 2.4797 2.5903 2.4771 2.3439 2.3464 2.311 11.78%
Price Multiplier on Financial Quarter End Date
31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 CAGR
Date 30/12/11 30/09/11 30/06/11 31/03/11 30/12/10 30/09/10 30/06/10 -
Price 8.58 8.00 8.94 8.96 8.50 8.80 7.56 -
P/RPS 9.59 9.85 11.61 12.80 11.73 12.45 11.30 -10.33%
P/EPS 51.32 45.05 57.53 57.44 54.07 60.56 58.65 -8.49%
EY 1.95 2.22 1.74 1.74 1.85 1.65 1.71 9.12%
DY 4.20 0.00 3.58 0.00 3.29 0.00 5.82 -19.49%
P/NAPS 1.96 2.00 2.12 2.20 2.15 2.20 1.92 1.38%
Price Multiplier on Announcement Date
31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 CAGR
Date 23/02/12 14/11/11 22/08/11 12/05/11 21/02/11 12/11/10 20/08/10 -
Price 8.70 8.25 8.64 8.74 8.86 9.20 8.13 -
P/RPS 9.72 10.16 11.22 12.48 12.22 13.01 12.15 -13.78%
P/EPS 52.03 46.46 55.60 56.03 56.36 63.32 63.07 -12.00%
EY 1.92 2.15 1.80 1.78 1.77 1.58 1.59 13.35%
DY 4.14 0.00 3.70 0.00 3.16 0.00 5.41 -16.29%
P/NAPS 1.99 2.06 2.05 2.14 2.24 2.30 2.06 -2.27%

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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